The journey from unbundling to rebundling and back has been a formidable one. Emerging technologies and the pace of innovation are driving changes throughout the banking industry at an unprecedented rate.
Over 2018, Netflix made preperations to strengthen its business against competitiors and forthcoming events in 2019.
While health has always been intrinsically linked to technology, the influence of health wearables in the healthcare sector is growing exponentially. Trends are ranging from glucose monitoring, to speech therapy, seizure detection, posture aid and sleep monitoring, with heart monitoring being smartwatches’ most established health feature yet.
Developments in sensor technologies, processing power and form factors have progressed the VR (Virtual Reality) market and the inclusion of VR in smartphones; a device that is almost ubiquitous in developed countries.
In terms of digital ticketing, mobile is having an enormous impact on the way tickets are purchased and distributed, leading to ramifications throughout the ticketing space.
With the increasing demand for digital transformation, banks and other FIs (Financial Institutions) have been earlier adopters of smart technologies such as RPA (Robotic Process Automation), Roboadvisors and Chatbots.
5G, the next iteration of wireless cellular technologies, is currently reaching its final stages of development and commercialisation by MNOs (Mobile Network Operators) and industry stakeholders.
In the context of rising levels of congestion and its environmental impact, it is unsurprising that the efforts of multiple players have focused on finding ways to make travel, primarily in a city environment, more efficient. A catalyst for this change has been the principle of Open Data, which is where cities release as much data as possible about transport, allowing companies to tailor services to gaps in coverage.
A key channel for future growth of mobile money services is their use for merchant payments. Through mobile money, customers are able to easily make payments for goods without the need for cash.
AI continues to permeate technology industries, enabling a new level of insight and prediction into consumer behaviour. Prominent acquisitions by digital advertising stakeholders, such as Apple, Amazon and Facebook, give an indication of the expectation of the technology at the highest level.