Technology, Innovation, Education
Advances in technology and innovation are the driving forces behind the growth and sustainability of prosperity in our increasingly knowledge-based society. In this context, the ongoing digitisation of the economy and the related change in economic and societal processes are particularly important. The Sectors, Technology, Resources Team analyses these structural relationships.
Big data
Data sovereignty out of balance
I use the internet every day, at work and at home. Routine actions, performed using the latest web-based technology, make my life much easier. Every click on an online portal, every voice command to a mobile device and each use of GPS saves me valuable time and search costs. Many internet services increase my efficiency, my productivity and my level of comfort on a daily basis. And my consumption continues unabated, at least for the time being. But these internet services are not really free, in fact they come at a considerable price. Although it does not cost me any money to access them, I am still paying, by more or less voluntarily providing my personal digital data. [more]
Mobile payment
The future of (mobile) payments: New (online) players competing with banks
The rise of mobile and online payments opens up new opportunities, but of course also presents new risks for financial services providers. A lot of attention is currently paid to the (walled garden) strategies of new competitors such as Google, Apple or PayPal. They are increasingly putting out their feelers in segments outside of their own territory, e.g. the market for (mobile) payments. Those financial services providers who do not modernise their upstream and downstream value chains or subject them to the transformation process required for the digital network architecture could suffer painful losses over the medium term. Our paper draws four scenarios on how the market share of banks might develop in about three to five years’ time, with a particular focus on the European market. [more]
Silver surfers
Silver surfers: The importance of older generations for the internet
The ageing of the population has an impact on the use of the internet and also on consumption patterns in Germany. Especially the elderly have and in the future will have more influence on the design of products, services and processes on the internet, of course, taking account of the (future) limits on personal income. The economic potential of silver surfers with regard to future consumption is high. [more]
60% do without fast broadband - Broadband expansion situation calls for creative solutions
The commercial and private interest in “hyper-connectivity” services continues to grow. The services that appear particularly promising are in the areas of modern forms of communication, smart power distribution, smart assistance systems, cloud computing, social networks, online gaming and internet TV. On the one hand, these innovative services open up new business potential, but on the other they impose an ever-increasing strain on the existing communications infrastructure. According to estimates, the global volume of IP data has quintupled since 2008 to some 700 billion GB; this is equivalent to the combined capacity of 200 billion DVDs. For Germany alone the hardware maker Cisco expects IP data volume to grow by an average of 35% p.a. between 2010 and 2014. [more]
Crowdfunding: An alternative source of funding with potential
From the standpoint of (potential) founders and the self-employed the inadequate supply of funding is a key (economic) problem and can particularly for entrepreneurs with limited financial resources lead to projects being cancelled at an early stage. From an economic standpoint and above all with regard to growth the efforts of the crowdfunding and crowdinvesting platforms are to be welcomed. Both funding ideas are, however, still in their infancy, but will undoubtedly develop further over the next few years. [more]
Spotlight on Germany
Copyright © 2014 Deutsche Bank AG, Frankfurt am Main