5 Key Stories From The Digital Worlds

November 22

BY NABYL CHARANIA

1. 

THE TOP 1% OF APP STORE PUBLISHERS DRIVE 80% OF NEW DOWNLOADS

  • top 1% of publishers globally accounted for a whopping 80% of the total 29.6 billion app downloads in the third quarter of 2019
  • bottom 99%, which equates to roughly 784,080 publishers, averaged approximately 7,650 downloads each during the quarter
  • Just 1,526 publishers generated $20.5 billion out of the total $22 billion in revenue in the quarter

2. 

SNAPCHAT’S TIME MACHINE LENS USES AI TO AGE AND DE-AGE SELFIES

  • adding a new lens called Time Machine that’s capable of aging and de-aging your face as seen through your smartphone
  • latest in a string of several AI-powered lenses that use small but well-trained machine learning models to create realistic facial effects on mobile devices
  • Back in May, the company’s baby face and gender swap filters made a splash, with the former enabling real-time shifts of adult faces into children

3.  

FASTER, BETTER LIFE UNDERWRITING UNDERSCORES THE NEED FOR SMARTER TECH

  • Customer expectations are shaped by the immediacy, convenience, and simplicity that come when we bank, shop, and even file our taxes digitally
  • For insurers, all the data, medical exams, and manual processes of underwriting end up being a big cost
  • Bring greater intelligence to underwriting with AI capabilities…Rules are the brains of automated underwriting

4. 

PHARMA SUPPLY CHAIN FUNDING REACHES RECORD-BREAKING $1B+

  • Global healthcare deals are set to hit record levels in 2019, and the pharmaceutical supply chain has been a bright spot for funding
  • funding companies looking to improve everything from drug price negotiation to drug payment to drug delivery, and more
  • Walgreens and Wing, Alphabet’s drone delivery service, announced a partnership that uses drones to bring OTC products and other supplies to patients

5. 

BANKING ON THE FUTURE: WHY OUR MOST HATED INSTITUTIONS WILL BECOME OUR MOST BELOVED

  • Big financial institutions already spend billions of dollars a year simply to maintain existing systems and comply with regulations, leaving little room for new product development
  • Just as Amazon Web Services dramatically lowered the cost and complexity of launching a software business, unleashing thousands of new companies, the “AWS for fintech” stage has arrived in banking
  • The first wave of fintech companies 10 years ago proved that physical locations aren’t a requirement for banking