Connected Economy

The innovations in technology, connected devices, software, payments and cellular technology make it possible for people and businesses to connect with each other and do business via any device, an in any digital or physical location safely, securely, and in real time. This integration of the digital and physical worlds will transform the economy across the ten pillars that today represent its key cornerstones – pillars that are already experiencing the impact of disruptive innovation as new blended, digital-first experience-driven ecosystems are now taking shape.

Microsoft Outage Could Produce ‘Insurance Catastrophe’
Microsoft Outage Could Produce ‘Insurance Catastrophe’
July 19, 2024  |  Business

Insurers reportedly could be facing hundreds or thousands of business interruption claims resulting from the Microsoft outage that began late Thursday (July 18). Economic damages from the...

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Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
July 19, 2024  |  Connected Economy

If there ever was a day that needed a Plan B, it was Friday, July 19. Banks, airlines, hospitals, fast food chains, retailers, even the...

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Hospitals Cancel Procedures, Find Manual Workarounds Amid Microsoft Outage
Hospitals Cancel Procedures, Find Manual Workarounds Amid Microsoft Outage
July 19, 2024  |  Connected Economy

Hospitals are reportedly among the organizations being hit hard by the Microsoft system outage that began Thursday (July 18). A survey of hospitals around the world...

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This Week in AI: From Mini GPTs to Construction Cash Flow
This Week in AI: From Mini GPTs to Construction Cash Flow
July 19, 2024  |  artificial intelligence

As OpenAI unveils its compact GPT-4o mini and pursues human-level reasoning with “Project Strawberry,” AI’s reach expands across industries, sparking innovation and concern. From potentially...

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Big Tech’s AI Ambitions Face Reality Check, PYMNTS Intelligence Data Shows
Big Tech’s AI Ambitions Face Reality Check, PYMNTS Intelligence Data Shows
July 19, 2024  |  artificial intelligence

Despite big budgets and bold plans, a new survey conducted by PYMNTS Intelligence reveals most large companies are struggling to implement AI in meaningful ways,...

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Personalized Luxury: The Key to Winning Wealthy Shoppers
Personalized Luxury: The Key to Winning Wealthy Shoppers
July 19, 2024  |  Retail

In an era where luxury is becoming increasingly defined by personalization, wealthy consumers are demanding that brands innovate, tailoring their offerings to match their individual...

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CrowdStrike CEO Updates Solutions to Global Microsoft Outage
CrowdStrike CEO Updates Solutions to Global Microsoft Outage
July 19, 2024  |  Connected Economy

The outage that continued to snarl systems from airports to stock exchanges Friday morning started when it struck users of Microsoft’s Windows operating system late...

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Japan’s Boomers and Seniors Don’t Like Digital. Why That’s a Problem.
Japan’s Boomers and Seniors Don’t Like Digital. Why That’s a Problem.
July 19, 2024  |  Connected Economy

In the Land of the Rising Sun, where tradition meets technology, Japan is navigating a digital crossroads. Despite pioneering 3G technology and boasting a vibrant...

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30% of Gen Z Consumers Shop by Voice Every Week
30% of Gen Z Consumers Shop by Voice Every Week
July 18, 2024  |  Voice Activation

Voice technology is revolutionizing the way consumers shop, with a significant portion of the global population embracing this modern convenience, as young consumers lead the...

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