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IIMT 2601/BUSI1003Digital Economy (I) - Continued

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“Born for the Internet” ???!!!

https://www.youtube.com/watch?v=vvrnG2Gn-pg

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“Video” for Thought

Bank of the Future Teaching at Harvard Law School

What Do You Think???

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Future in the Digital Economy

• Supermarket of the Future?

• Bank of the Future?

• Education of the Future?

• Born for the Internet?

Two Key Questions -

• How far is this Future from Now?

• What do we expect to see in this Future Digital Economy?

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To Answer These two Questions …

• We need to look at– Technologies, or technological advancement;

remember the Moore’s Law?

– Businesses, different types of business

– People, culture, regulations, etc.

In short, we look at the PEST!–Think about China and the USA, for

example.

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Internet Population and Usage

• The implications are ???

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Digitizing What?

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An Example

• Have you see the movie “Minority Report?

– Casted by Tom Cruise and directed by Steven Spielberg in 2002

– There was a scene Tom entering Gap Store

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Minority Report-Style Shopping?

• Feasible?

– Technologically? Culturally? Socially?

– Economically? From not just customers but also firms?

• Twelve years since the movie, has that “future” become reality?

•

http://www.dailymail.co.uk/sciencetech/article-1361490/Minority-Report-style-shopping-The-billboard-profiles-flashes-ads-tailored-tastes.html

• “Retail 3.0”

Asia Edition – 2014-12-29 & 2015-01-05TIME

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Another Example

• From a TED talk in 2009 in India by Pranav Mistry: The Trilling Potential of SixthSenseTechnology

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Smartphone/Tablet on Your Skin!?

• Again, Feasible?

– Technologically? Culturally? Socially?

– Economically? From not just customers but also firms?

• Five years after, …

• https://www.youtube.com/watch?v=v5T31KmSnVk

• www.cicret.com

http://www.dailymail.co.uk/sciencetech/article-2871401/The-bracelet-turns-ARM-touchscreen-Cicret-projects-emails-videos-games-skin.html

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A Recap, and Key Takeaways …

• How far is this Future from Now?

• What do we expect to see in this Future Digital Economy?

• Digitize What?

– Product? Process? Delivery Agent? Or?

• Analyze with PEST?