5 Key Stories From The Digital Worlds
BY NABYL CHARANIA
- Cross-border payments total around $600 billion annually, and the market is set to maintain its recent growth of around 3 percent a year, driven by international trade
- McKinsey estimates that blockchains applied to cross-border payments could save about $4 billion a year.
- Consumer identities should be created on the blockchain, enabling banks to offer real-time loan decisions based on authenticated ID.
- Broader automation including AI, robotics process automation (RPA), and other implementations should free up resources from the repetitive and mundane.
- Forrester estimates a 2.5–4.0 full-time-employee savings from RPA implementations.
- The most acute brand risk will be when you use AI to deliver new experiences — but you have not really tested the common-sense, human response.
- PwC analysis has found that efficiency gains enabled by blockchain could increase industry revenue by as much as 4 percent annually, or $40 billion, while cutting maintenance, repair, and overhaul (MRO) costs by about 5 percent annually, or $3.5 billion.
- With its ability to provide verifiable maintenance records that are updated in real time, blockchain could extend that value to the entire aircraft.
- If the provenance and usage of parts were tracked via a blockchain-enabled solution, only those parts showing high or unusual wear and those required by regulations to be visually inspected might need to be examined more closely.
- JetBlack is a standalone e-commerce business incubated by Walmart, and will deliver products from other retailers as well.
- A concierge-style experiment in conversational commerce where customers text requests, then receive product recommendations.
- Walmart says the service is aimed at busy, urban parents looking for more efficient ways to shop by combining the convenience of online shopping with the expert attention of a personal assistant.
KUBERNETES AT 5: JOE BEDA, BRENDAN BURNS, AND CRAIG MCLUCKIE ON ITS PAST, FUTURE, AND THE TRUE VALUE OF OPEN SOURCE
- At a time when open-source enterprise software is at a crossroads, wracked by debates over licensing and monetization, Kubernetes stands as an unqualified success.
- Kubernetes has been one of the few open-source projects to make an outsized impact on distributed computing with a minimum of drama between users, maintainers, and vendors.
- No question that companies modernizing their applications around containers are paying close attention to the potential of Kubernetes to serve as a bridge across multiple cloud providers.