Image credits: Conny Schneider
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Weekly Roundups

Opportunities, Risks in the Emerging Digital Economy

By Cinthya Alaniz Salazar | Wed, 04/20/2022 - 17:40

New technologies have allowed companies to expand into previously unconsidered market avenues, while inadvertently opening them up to cybersecurity risks. This transformation has created numerous opportunities in machine learning, cybersecurity and fintech, with even more on the horizon with the construction of the metaverse. Industry leaders reflect on the added value of new technologies and consider evolving risks of emerging market trends and their potential impact. 

 

Here is your weekly Tech briefing!

 

The Importance of Machine Learning in Decision-Making

Automating the analysis and decision-making process through machine learning can lead to a large improvement in value creation, helping businesses and individuals to make better decisions and boosting performance overall, wrote Jose Rivero, Country Manager, Infor Mexico. “Machine learning exists to speed up the process of spotting patterns and applying those patterns to new sets of data. By finding correlations in data sets, employees can make better decisions based on this guidance.”

 

Cybersecurity Must Keep Pace with Evolving Threats

The digital transformation has revolutionized digital infrastructures, thereby opening new risk avenues for cybercriminals to exploit. This will challenge cybersecurity experts to get ahead of evolving threats and continually innovate new solutions, said Rafael Chavez, Country Manager, F5. “One of the key challenges is that cybersecurity has to evolve continuously. Every time a new solution is developed, a hacker will try to attack it.”

 

The Future of Payments: One Lesson from the Pandemic

The COVID-19 pandemic accelerated the world’s transition towards a cashless society, giving way to the proliferation of digital finance solutions to pay, save and optimize money use, wrote Chito Padilla, CEO and Co-Founder, Fintonic. “Transactions, loans and virtual deposits, among other financial options, are all possible through fintech and a cellphone, and the trend will evolve because of our society’s growing interest in digitalism and virtuality, arenas that in the past were assumed to cater to only those who were in touch with interactive digital worlds and VR.”

 

Decentralized Autonomous Digital Economies

Technology-enabled governance systems allow individuals anywhere in the world to create borderless self-governing democratic institutions around any set of joint goals, said Juan Montoya, CEO, Rokk3r. “There is no doubt that unprecedented advances in technology are changing every aspect of society and that this will require adjustment to our economic and governmental systems in years to come.”

 

The Race for the Metaverse

While people and companies have been working on the metaverse for over 20 years, it was only in 2021 that this concept became popular and widely desirable. But what the metaverse will become, exactly, is still up for grabs, wrote Ana Karina Caudillo, General Manager, Ripio. “We have a long way to go in terms of technology but we can work on the Metaverse from so many other angles.”

 

From Video Calls to Virtual Reality: Metawork

The digital transformation that accompanied the COVID-19 pandemic has since demonstrated the viability of hybrid and remote work, but before business leaders and contributors can get comfortable, they will have to tackle virtual work. 

Photo by:   Conny Schneider
Cinthya Alaniz Salazar Cinthya Alaniz Salazar Journalist & Industry Analyst