Link: The New Affluents

Time to reap: “Several traits about the new affluents distinguish them as ideal prospective customers for brands of all sectors. In particular, luxury brands looking to woo customers with a little extra in their pockets might find this group a good place to start. Gen Xers’ share of national wealth is forecast to grow from under 14% in 2015 to nearly 31% by 2030, while Millennials’ share is forecast to grow from just 4% in 2015 to 16% by 2030, according to Gartner research. Additionally, this group is likely to be raising families and becoming first-time homebuyers, making them prime targets for home and CPG brands…. Though the new affluents want to save, they are likely to be in the midst of costly life transitions related to family and are also paying off significant debt, meaning money management is definitely on their mind.”
Original source: The New Affluents

Link: Facebook’s facing limits

“By most estimates, the entire global ad market (digital and offline) sits at roughly $550-600bn and by that measure Facebook, whose sales come almost entirely from ads, commands nearly 10% of it.” But, compared to Google: “If Facebook plans to regain the value it lost with its latest earnings announcement, it’s going to have to ink some riskier acquisitions that increase its addressable market, or at least take it into new corners of advertising.”
Original source: Facebook’s facing limits

Link: Digital transformation in power generation and delivery

“Over the next decade, the electricity industry is predicted to unlock approximately $1.3 trillion in value through development and digitization of infrastructure, including platforms, devices, as well as cloud and advanced analytics.”

With the “greatest opportunities are predicted at the retail (8.5% EBIT improvement) and generation (6.6%) levels.”
Original source: Digital transformation in power generation and delivery

Link: The sky’s the limit

‘But China could add 13% to its GDP by 2025, relative to a baseline, if it increased women’s employment, hours and productivity as quickly as the leading countries in its region or peer group, McKinsey says. That would translate into an extra $2.6trn by 2025 (an economy the size of France). In India the relative gain could be even greater (18%), because it has far more room for improvement. McKinsey’s scenario would require 37% of Indian women to be in the workforce, up from 27% now.’
Original source: The sky’s the limit

Link: Allstate Technology Chief Develops The Uber Of Roadside Assistance

Success: “The Good Hands Rescue Network digital platform was launched in August 2016. Since then, we have seen a revenue lift in the tens of millions that is likely to grow to the hundreds of millions.”

Business value/metrics: “After a year, we are averaging around 25,000 rescues a month… With the end-to-end digital process of the request, response and time to arrive, we are seeing an average actual time of arrival (ATA) at 27 minutes, which has reduced the wait time by almost half. This is consistent with our primary objective of reducing the amount of time a motorist is stranded.”
Original source: Allstate Technology Chief Develops The Uber Of Roadside Assistance

Link: Allstate Technology Chief Develops The Uber Of Roadside Assistance

Success: “The Good Hands Rescue Network digital platform was launched in August 2016. Since then, we have seen a revenue lift in the tens of millions that is likely to grow to the hundreds of millions.”

Business value/metrics: “After a year, we are averaging around 25,000 rescues a month… With the end-to-end digital process of the request, response and time to arrive, we are seeing an average actual time of arrival (ATA) at 27 minutes, which has reduced the wait time by almost half. This is consistent with our primary objective of reducing the amount of time a motorist is stranded.”
Original source: Allstate Technology Chief Develops The Uber Of Roadside Assistance

Link: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

“Home Depot plans to add more than 1,000 new hires to its technology teams in 2018” adding to the 2,800 it already has in “technical roles.”

Types of roles:

“The hires will span roles such as software engineering, user experience design, network engineering and product management, and be located predominately in the company’s Atlanta, Austin and Dallas technology offices, the company said.”
Original source: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

Link: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

“Home Depot plans to add more than 1,000 new hires to its technology teams in 2018” adding to the 2,800 it already has in “technical roles.”

Types of roles:

“The hires will span roles such as software engineering, user experience design, network engineering and product management, and be located predominately in the company’s Atlanta, Austin and Dallas technology offices, the company said.”
Original source: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon