Posts Tagged ‘economics‘

IoT could be worth $11T per year

Our bottom-up analysis for the applications we size estimates that the IoT has a total potential economic impact of $3.9 trillion to $11.1 trillion a year by 2025. Read more from McKinsey & Company Also read Gerd’s blog on IoT and its unintended consequences

New Digital Currency Unites All Global Money Systems

Stellar is many things, but it’s best to think of it as an effort to create a worldwide network that lets anyone send any currency and have it arrive as any other currency. You can send bitcoin and have them arrive as dollars. You can

ROI (Return on Interaction)

Like any messaging, digital marketing and smart technology must be transparent enough to let the humanity show through… Read more from brandchannel via Pocket

Bitcoin and the Digital-Currency Revolution

The digital currency known as bitcoin is only six years old, and many of its critics are already declaring it dead. But such dire predictions miss a far more important point: Whether bitcoin survives or not, the technology underlying it is here to stay. In

Money Buys Happiness Up To A Point

The Pew Research Center interviewed people in 43 countries and found a strong correlation between increased wealth and reported happiness. Many emerging nations are a good deal happier now than they were seven years ago, when Pew last asked them. I’m not sure how reliable

“0.7% Of The World’s Population Control 41% Of Its Wealth”

69 percent of the world’s population have a net worth of under $10,000 – they account for a mere 3 percent of global wealth. Meanwhile, 23 percent fall into the $10,000-$100,000 bracket and they control 14 percent of worldwide wealth. Waiting for policies to change

How Universal Basic Income is Necessary to Avoid a Robot Uprising

Robots are poised to eliminate millions of jobs over the coming decades. We have to address the coming epidemic of “technological unemployment” if we’re to avoid crippling levels of poverty and societal collapse. Here’s how a guaranteed basic income will help — and why it’s

Piketty’s Inequality Story in Six Charts

This is the story of Thomas Piketty and his book “Capital in the Twenty-first Century,” a new book about rising inequality  that is sparking a lot of debate. Read more from The New Yorker via Pocket

How The Internet Killed Profit

As consumers, we’ve never had it better: We can do more things than ever and do them more quickly, safely and easily than ever. Whether it’s a spontaneous hotel stay, a global flight, or every movie ever made, as users we have it all at

Understanding the Second Machine Age is Vital to Our Financial Future

What distinguishes the second machine age from the first is intelligence. The machines of the first age replaced and multiplied the physical labour of humans and animals. The machines of the second age will replace and multiply our intelligence. The driving force behind this revolution