What is the DNA effect? The DNA effect is the ability of large technology companies to build a competitive advantage by leveraging user generated data in their networks. DNA in this context stands for ‘data-network-activities’ and refers to how the business model of large technology companies (like Google, Apple, Facebook, Alibaba, Tencent aka Big Tech) depends on direct interactions of users which generates lost of data and the ability of these companies to use this data to scale up operations and enter into new areas like financial services.
The popular view that emerging technologies like Artificial Intelligence (AI), Robotics will dramatically improve our personal and professional lives usually gets contrasted against the threat of the millions of jobs that are at risk from automation. Against this backdrop, a report last year based on a three year study by MIT offers a balanced perspective on the relationship between these emerging technologies and future of work and the labor market.
Reality of a central bank digital currency (CDBC) is coming closer. However the development of a CDBC is said to pose the biggest threat to banks in developed economies like US?
The annual Nasdaq report highlights 4 most important trends that will have an impact in coming year
The pace of technology adoption is getting faster and the time period for a new technology to become mainstream is getting shorter – it took 40 years for electrical power to be present in 90% of US households but only 24 years for computers and 10 years for social media usage.
An approach to measuring the value of the free digital services provided by the Big Tech companies i.e. Google, Facebook, Wikipedia by valuing how much users would have to be compensated to not use them for a period of time.