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Value of connectivity: Facebook and Deloitte look at the economic and social benefits of expanding internet access

December 19, 2014 Comments off

Value of connectivity: Facebook and Deloitte look at the economic and social benefits of expanding internet access
Source: Deloitte and Facebook

Extending the opportunities that the internet can bring is critical to accelerating economic and social growth in developing economies, while enabling the transition from a resource-based to a knowledge-based economy.

Facebook has launched a global partnership, Internet.org, with the goal of making internet access available and affordable to all. They have commissioned Deloitte to examine the ways in which extending access can change economies and societies in developing countries and what benefits this would generate on a number of economic and social dimensions.

The findings suggest that if developing countries could bridge the gap in internet penetration to reach levels developed economies enjoy today, they would experience large increases in GDP growth and productivity and improvements in health conditions and education opportunities. This provides a clear potential to reduce poverty and promote long run economic and social development. The study finds that extending internet access in Africa, Latin America, India and South and East Asia to levels seen in developed countries today would deliver numerous benefits:

  • Long run productivity could be enhanced by as much as 25% in these developing economies.
  • The resulting economic activity could generate $2.2 trillion in additional GDP, a 72% increase in the GDP growth rate, and more than 140 million new jobs.
  • Personal incomes would increase by up to $600 per person a year, thus lifting 160 million people out of extreme poverty.
  • Evidence on the link between health literacy and mortality rates suggests that internet access could save 2.5 million people and 250,000 children.
  • 2.5 million HIV/AIDS patients could increase their life expectancy thanks to better monitoring and adherence to treatment.
    Another 640 million children may be able to access the internet and the wealth of information it makes available while they study.
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IBM Study: Organizations Struggling to Defend Against Sophisticated Cyber Attacks

December 18, 2014 Comments off

IBM Study: Organizations Struggling to Defend Against Sophisticated Cyber Attacks
Source: IBM

More than 80 percent of security leaders believe the challenge posed by external threats is on the rise, while 60 percent also agree their organizations are outgunned in the cyber war, according to findings released today by IBM (NYSE: IBM). The study additionally reveals that technology is seen as a critical component in addressing these security issues and threats, with big data, cloud and mobile named as the most significant areas of prioritization.

IBM’s third annual Chief Information Security Officer (CISO) study was conducted by the IBM Center for Applied Insights and is based on responses from 138 in-depth interviews with the surveyed organizations most senior security leaders. Sophisticated external threats were identified by 40 percent of security leaders as their top challenge with regulations coming in a distant second at just under 15 percent. As enterprise leaders continue to outline business priorities, external threats will require the most organizational effort over the next three to five years – as much as regulations, new technologies, and internal threats combined.

Global Risk 2014-2015: Building the Transparent Bank

December 16, 2014 Comments off

Global Risk 2014-2015: Building the Transparent Bank
Source: Boston Consulting Group

  • The new era of bank transparency will require competitive, structural, and operational adjustments in order to succeed.
  • For the first time since 2007, global banking has regained overall profitability on a global scale, with sharp divergence among regions.
  • Increases in global profit were driven by the positive performance of banks in North America as well as the Middle East and Africa.
  • Banks must establish a comprehensive control framework, based on the three-lines-of-defense model, to reduce nonfinancial risks such as fraud, misconduct, and reputational damage.

Not So Silent Nights: Radio Is the Perfect Spot to Find Holiday Spirit

December 16, 2014 Comments off

Not So Silent Nights: Radio Is the Perfect Spot to Find Holiday Spirit
Source: Nielsen

Sleigh bells might be ringing, but what really gets U.S. consumers in the holiday spirit is, literally, the sound of music!

According to a recent Nielsen survey, nearly half of all respondents (49.5%) said hearing holiday music on the radio put them in the holiday spirit. However, it seems that the holiday state of mind resonates differently among the sexes—57% of women said hearing holiday music on the radio put them in a holiday mood, compared with 42% of men.

Categories: holidays, music, Nielsen

Patient Engagement: Digital Self-Scheduling to Explode Over the Next 5 Years

December 16, 2014 Comments off

Patient Engagement: Digital Self-Scheduling to Explode Over the Next 5 Years
Source: Accenture

Driven by patient demands for greater convenience and more control, US health systems are adopting digital patient self-scheduling tools to differentiate themselves competitively, improve efficiencies and enhance patient engagement and satisfaction. A recent Accenture survey shows 77 percent of patients think that the ability to book, change or cancel appointments online is important. A rapid explosion in use of digital solutions for DIY appointment making will radically alter the US health system marketplace over the next five years.

Accenture predicts that by the end of 2019, 66 percent of US health systems will offer digital self-scheduling and 64 percent of patients will book appointments using digital tools. Nearly 38 percent of appointments will be self-scheduled—almost 986 million appointments—creating $3.2 billion in value.

Industry Trends: Guns & Ammunition and Tanks & Armored Vehicle Manufacturing

December 16, 2014 Comments off

Industry Trends: Guns & Ammunition and Tanks & Armored Vehicle Manufacturing
Source: IBISWorld

Based on data sourced from the Federal Bureau of Investigation (FBI), IBISWorld estimates, and the US Census, the Guns and Ammunition Manufacturing industry witnessed an overall increase in sales during the past five years, with industry revenue expected to have grown at an annualized rate of 3.2% to $13.0 billion by 2014. Supporting this growth was a sharp increase in security responsibilities by federal, state, and local law enforcement agencies. During the early years of this five-year period, these agencies benefited from the stimulus package enacted in 2009 which provided additional funds to law enforcement agencies. In total, more than $6.1 billion dollars of stimulus funds have been awarded for public safety purposes, some of which parlayed into gun and ammunition purchases. However, the Budget Control Act, which was passed in 2011 and is expected to cut $1.2 trillion from federal spending, has placed a financial strain on the budgets of many law enforcement agencies. These agencies represent a significant market for gun and ammunition manufacturers. According to a 2011 survey conducted by the International Association of Chiefs of Police (ICAP), 64.0% of agencies responded that they undertook major cuts on buying equipment as a result of budget cuts. Against this backdrop, guns and ammunition manufacturers are expected to witness a decrease in total revenue generated from law enforcement agencies over the next few years.

See also: Industry Trends: Space Vehicle and Missile Manufacturing

The Economic Benefits from Air Transport in the UK

December 16, 2014 Comments off

The Economic Benefits from Air Transport in the UK
Source: Oxford Economics

This study, commissioned by leading players from the aviation and tourism sectors and published at the Annual Conference & Exhibition of the Airport Operators Association (AOA), the trade body for UK airports, on 10 November, shows that all three elements of the sector made a significant contribution to the UK economy.

It brings together data for airlines, airports and other ground-based infrastructure and aerospace manufacturing. It shows that aviation provides substantial economic benefits to the UK economy and its citizens, some of which are unique and essential to the operation of a modern economy.

Free registration required.

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