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Millennials And Technology Leaders Differ On Top Technologies For Business Transformation: KPMG Report

Vlad Poptamas

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Highlighting divergent opinions between global tech leaders and millennials, KPMG’s report on technology industry innovation shows some differences about which technologies each group feels will have the biggest impact on business transformation in their companies over the next three years.

Millennials in the technology industry, in just a few examples of differences, see 5G, quantum computing, and digital payments among technologies having the greatest impact, while industry executives see blockchain, virtual reality and On Demand platforms among the top technologies for business transformation, according to a new report from the tax, audit and advisory firm.

Yet, in a few examples of similarities, both millennials and tech industry leaders rank artificial intelligence, Internet of Things (IoT) and robotic process automation (RPA) high on their lists of transformational technologies.

To see the full report, go to: https://info.kpmg.us/techinnovation/disruptors.html 

“Millennials’ perspectives show the influence of having grown up in a digital and mobile world,” said Tim Zanni, KPMG Global and U.S. Technology Sector Leader. “While they are high on 5G’s impact in their companies within the coming years, a KPMG analysis projects that in about three years we will begin see 5G unlock an estimated $373 billion in technology company value globally. The timing aligns with tech leaders leaving 5G out of their top 10 technologies for business transformation in their companies over the next three years.”

The findings highlight new insights from the annual KPMG Technology Industry Innovation Survey of over 740 technology industry leaders globally, and a separate survey of 600 millennials working in tech.

RPA and blockchain rising
KPMG’s survey of tech executives also found that RPA and blockchain have risen rapidly as two of the top technologies to help organizations improve their performance.

“Having RPA as the biggest mover in KPMG’s survey may mean companies would like to ease their way into artificial intelligence (AI).” said Zanni. “They see RPA as a step on the proof-of-concept path toward AI, which was number three on the list.”

Blockchain’s rise into the top four aligns with recently released KPMG findings showing that 41% of tech industry leaders surveyed expect to implement blockchain over the next three years, with nearly half saying it will change the way their company does business.

“The pace of change means it is more important than ever to make strategic, long-term investments in innovation, and pay close attention to the impact RPA, blockchain and AI are having on the business model and labor dynamics,” said Fiona Grandi, KPMG National Managing Partner, Innovation & Enterprise Solutions.

Regardless of the technology, tech leaders most frequently cited “improved business efficiencies” and “increased profitability” as the top benefits for companies adopting these transformational technologies. Surprisingly, “increased market share” and “new revenue streams” were farther down the list. “Unproven business case” was the most often cited challenge. “Business leaders are more focused on taking costs out of their business and are uncertain how new technologies can help them grow revenue and market share,” said KPMG’s Zanni.

KPMG’s report outlines the following actions that companies and their boards can take to gain a competitive advantage using the technologies:

  • Assess the impact on their business model
  • Prioritize funding for adopting new technology
  • Engage in mergers and acquisitions and partnerships to accelerate implementation
  • Ensure their business model is adaptable to the new technologies
  • Foster an innovative culture
  • Explore adopting technologies that millennials are comfortable with.

 

SOURCE KPMG LLP

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Squire Mining Announces Corporate Name Change and Completion of Share Consolidation

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VANCOUVER, British Columbia, Dec. 11, 2019 (GLOBE NEWSWIRE) — Squire Mining Ltd. (CSE:TAAL | FWB:9SQ | OTCQB:SQRMF) (the “Company“) is pleased to announce that, further to its news release dated December 10, 2019, the Company has changed its name to Taal Distributed Information Technologies Inc., effective December 11, 2019.

The Company is also pleased to announce that it has completed the previously announced consolidation of its issued and outstanding common shares (“Common Shares“) on the basis of one (1) post-consolidation Common Share for each ten (10) pre-consolidation Common Shares (the “Consolidation“). No fractional Common Shares were issued and any fractional interests resulting from the Consolidation were rounded up to the nearest whole Common Share. For further information regarding the Consolidation, please refer to the Company’s management information circular dated November 8, 2019, a copy of which can be found under the Company’s profile on SEDAR at www.sedar.com.

The Company has reserved the stock symbol “TAAL” with the Canadian Securities Exchange (the “CSE”) and, once all final conditions of the CSE have been satisfied, the Company expects its Common Shares to resume trading under the new stock symbol “TAAL”.

Effective at the commencement of trading on December 16, 2019, the Company is expected to begin trading on the Canadian Securities Exchange on a post-consolidated basis under the new stock symbol “TAAL”.

As of December 10, 2019, the trading day prior to the completion of the Consolidation, there were 129,703,305 Common Shares issued and outstanding in the capital of the Company.

The Company has recently rebranded and launched a new corporate website, with a new logo and domain at www.taal.com. The rebranding emphasizes the Company’s focus on its diversified business and its vision of the future of mining. The future of blockchain mining is built upon a stable infrastructure focused on fast, commercial data interchange, a transactional economy and user experience.

About Squire Mining Ltd.

Squire is a Canadian based technology company engaged, through its subsidiaries, in the business of operating, managing and developing cloud computing data infrastructure and system technology to support global blockchain applications related to Bitcoin SV, Bitcoin Core and other SHA-256 based digital assets.

For further information contact:

Angela Holowaychuk
President and Chief Executive Officer
Telephone: +1 800-371-2809

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking information” as defined under applicable Canadian securities legislation. Forward‐looking information and statements include, but are not limited to, disclosure regarding possible events, that are based on assumptions about future economic conditions and courses of action, and, in certain cases, can be identified by the use of words such as “expects”, or variations of such words and phrases or statements that certain actions, events or results “may” or “will”, or the negative forms of any of these words and other similar expressions. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, future demand for Bitcoin SV, Bitcoin Core and other cryptocurrencies and risks related to the mining thereof, integration issues, personnel and staffing requirements and technological change and obsolescence, whether the Company’s ticker symbol will be changed, the anticipated timing of such change and the Company’s satisfaction of all final conditions of the CSE and its receipt of approval from the CSE and statements relating to the Company’s business and its vision of the future of blockchain and mining. Actual results and future events could differ materially from those anticipated in such forward looking information. Accordingly, readers should not place undue reliance on forward-looking information. All forward looking information in this news release is made as of the date hereof and qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Squire disclaims any intention or obligation to update or revise such forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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openIDL’s Innovative Blockchain Architecture Tackles the Biggest Data Security Challenges Facing the Insurance Industry

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AAIS introduces the openIDL data standard, based on IBM’s Insurance Information Warehouse and a Harmonized Data Store.

Lisle, IL, Dec. 11, 2019 (GLOBE NEWSWIRE) — AAIS (American Association of Insurance Services), the only national not-for-profit insurance advisory organization, today introduced a groundbreaking approach to data architecture for the openIDL blockchain network. openIDL has adopted IBM’s Insurance Information Warehouse (IIW) as the foundation for the data model in the regulatory reporting blockchain network. IIW provides the standards for the establishment of harmonized data stores, which offer openIDL participants optimum control of their data while meeting regulatory requirements.

IBM Insurance Information Warehouse (IIW) is an industry blueprint that provides business vocabularies, data warehouse design models, and analysis templates. IIW incorporates years of data warehouse design experience from the largest carriers in the U.S. and is the basis for the openIDL Regulatory Reporting Data Model. The new Model provides a modern database design for reporting and eliminates the need for outdated statistical plans. Carriers can map data directly from their systems to the openIDL Harmonized Data Store where data is stored completely under their own control. The openIDL data model based on IIW is available at no additional cost to openIDL Members.

The Harmonized Data Store allows the openIDL blockchain network to retrieve select data as permissioned by the data owners. Carriers will no longer need to transfer large data files to stat reporters or regulators. openIDL stores immutable hashes to mark data availability and to ensure authenticity. Data itself is not stored on the blockchain. This innovative use of blockchain technology enables optimal control of data by insurance carriers and other data owners while allowing third parties, including advisory organizations and regulators, to access just the information they require.

“Using IIW as the standard for the openIDL Regulatory Reporting Data Model, combined with the establishment of the Harmonized Data Store, ensures carriers always control access to, and use of, their data. It addresses the concerns of many in the insurance industry who leverage their data as a competitive advantage,” according to Joan Zerkovich, Senior Vice President of AAIS Operations. “No longer will insurers need to deliver more detailed or granular data than is necessary to fulfill information-sharing requirements…with regulators or any other partner in the industry.”

Commenting on the adoption of IIW by AAIS and openIDL, Bertrand Portier, IBM Distinguished Engineer and CTO – Insurance, said, “openIDL’s use of a harmonized data model and architecture provides a practical way to participate in insurance ecosystem workflows while having strong controls over owned data. I believe that in the medium term, these features are going to allow Members of the insurance industry to derive valuable insights, become more independent, and have more choices for analytical, operational and data service providers.”

ABOUT AAIS
Established in 1936, AAIS serves the Property & Casualty insurance industry as the only national nonprofit advisory organization governed by its Member insurance carriers. AAIS delivers tailored advisory solutions including best-in-class policy forms, rating information and data management capabilities for commercial lines, inland marine, farm & agriculture and personal lines insurers. Its consultative approach, unrivaled customer service and modern technical capabilities underscore a focused commitment to the success of its members. AAIS also serves as the administrator of openIDL, the insurance industry’s regulatory blockchain, providing unbiased governance within existing insurance regulatory frameworks. For more information about AAIS, please visit www.aaisonline.com.

Attachment

CONTACT: John Greene
American Association of Insurance Services (AAIS)
630.457.3238
johng@aaisonline.com
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Here’s Why dApps Are Moving to WAX and Leaving EOS

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ITAM Joins Wave of Video Gaming dApps Moving to WAX on Continuing EOS Unease and Prospectors’ Overnight Success with WAX

Grand Cayman, Cayman Islands, Dec. 11, 2019 (GLOBE NEWSWIRE) — (via Blockchain Wire)  Worldwide Asset eXchange (WAX) today announced partnerships with several EOS-based dApps that are moving to WAX. ITAM, Korea’s market-leading mobile games platform, plans to move its entire portfolio of in-game digital assets from EOS to WAX, including Dungeon Princess (ranked #1 in Taiwan’s Google Play and Apple stores), Blue Dawn, Dark Town, Darkside Dungeon and a dozen others. 

Citing Prospector’s overnight success, continuing angst over EOS congestion issues, and WAX’s unique attributes as a purpose-built video gaming platform, Dark Country (GA scheduled for 2020); battle game Chain Clash; and KARMA social network also announced plans to move their projects from EOSIO chains to WAX.

Developers interested in replicating or migrating their dApps to WAX can sign up for the 30-day EOS-to-WAX challenge.  Ten contestants will receive $2,500, co-marketing programs, and access to a rich set of development resources.

The WAX team reports three significant developments over the past 30 days that are accelerating growth

  • Prospector’s WAX Game Is An Overnight Success 

In its first week, Prospector’s WAX ‘Yukon’ Lands skyrocketed to the most popular dApp on the planet, according to dApp Radar. Prospector’s more than 6,000 daily active users on WAX eclipsed their 2,200 daily active users on the EOS-based version of their game, and set a new all-time record for the game’s most concurrent active users in a 24h period.  

According to CEO Nazar Chervinskiy, Prospector’s success demonstrates that there is a large pent up demand for gamers to focus on fun and gameplay rather than on blockchain protocols. “In two clicks, gamers can start earning real money in exchange for the gold they prospect in the WAX game. With  WAX Cloud Wallet, there’s no need to learn blockchain security protocols, hassle with private keys, or otherwise deal with the torturous levels of friction associated with most crypto wallets.”

“Compared to the frustration and friction of setting up and onboarding via an EOS wallet, the experience of playing Prospectors on WAX using the WAX Cloud Wallet was as smooth as Barry White wrapped in silk!” added PocketGamer.BIZ editor Jon Jordan, who has used both editions. 

  • Continuing Angst Over EOS Blockchain Congestion Fuels Exodus

Business partners cite a range of factors prompting their shift to WAX but all with one common theme: WAX is in the unique position of offering the benefits of a DPoS blockchain, combined with solutions that solve the pain points experienced by dApps running on other EOSIO blockchains. 

“We built our developer SDK and ITAM marketplace on EOSIO with the goal of providing an easy way for existing, high-quality games to offer customers the joys of collecting, searching and transacting in-game value they create,” said ITAM CEO Asung Gill.  “However, we felt EOSIO’s slow network speeds, costly transactions, and onerous onboarding process were holding us back from achieving our project goals.  We therefore, decided to move our entire portfolio of in-game digital assets to WAX in order to deliver fast and free digital asset transactions while dramatically simplifying the onboarding process — no crypto knowledge is required.”  

“Is EOS the best place currently to run KARMA for both user experience and cost? After going through all of the options and factors involved, we arrived at the conclusion that WAX is the best option for the KARMA project at this time,” explained KARMA co-founder Dallas Rushing. 

  • WAX announces a 30-day, six-step challenge for EOS developers to duplicate or migrate dApps to WAX

WAX is providing a total of $25,000, marketing support, and developer resources to the top 10 challengers.  Everyone else who moves an existing EOS dApp onto WAX will be eligible to earn $100 in WAX tokens.  Developers can apply here to be considered for the challenge; the deadline is December 18th.

Why EOS dApps Are Shifting to WAX 

“This wave of partnerships reflect games developers’ confidence that our purpose-built video gaming network is uniquely qualified to all needs of gamers and games developers alike,” said WAX co-founder William Quigley.  More specifically,

  • WAX has the most consumer-friendly login and onboarding process for dApp customers. Customers can log in and start using dApps with just two clicks, without having to link a third-party wallet. Customers can login using 13 different methods like Facebook, Twitter, Reddit, and VK – localized in over 50 languages.
  • Earning WAX Staking Rewards offsets developer operational costs. Developers can earn rewards in the form of more WAX Tokens while running their dApps. By voting regularly for WAX Guilds and standby guilds, dApp developers not only contribute to the selection of quality block producers which supports the overall health of the WAX Blockchain, they also earn more WAX Tokens every day.
  • The WAX Blockchain has a diverse pool of high-quality block producers. The 21 WAX Guilds producing blocks on the WAX Blockchain are the top WAX Guilds determined by the independent Office of the Inspector General, per its WAX Guild Ratings Report.
  • WAX has an effective and coherent governance model. WAX has a higher rate of voter participation than any other DPoS blockchain because token holders are incentivized to vote. These voters choose the block producers (called WAX Guilds) and soon, proposals submitted to the WAX Worker Proposal System.

About WAX (Worldwide Asset eXchange)

WAX is an all-in-one blockchain platform enabling developers to easily create, sell and trade digital goods to empower businesses to profit from the next era of digital commerce. For more information, please visit https://wax.io and follow along on Twitter, YouTube, and Telegram.

Worldwide Asset eXchange™, WAX and Crypto Collectibles™ are trademarks and the sole property of Worldwide Asset eXchange. OPSkins™ is a trademark and the sole property of OPSkins Group Inc. All other registered or unregistered trademarks are the sole property+mat of their respective owners.

Contact:

Jenna Dobkin

Director of Public Relations

WAX

415-652-2185

jenna (dot) dobkin (at) wax (dot) io

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