Digital is far-reaching and ubiquitous - everything you know is about to change.
We are living in the fourth age of humanity. First, we became human. Then we became civilized. The third age saw the creation of commerce. Now, we are becoming digital. Technology has changed the way we communicate, trade, and transact, with repercussions extending far beyond our personal spheres.
Digital Human is a visionary roadmap for the future, a timely guide on how to navigate the world of finance as we create the next generation of humanity. It explores the digital evolution's impact and offers clear insights on thriving in this new era. Human and business relationships are evolving, and existing businesses must undergo substantial transformative changes to compete with the smaller, "lighter," and more agile companies that are able to quickly maneuver to match shifting consumer demands. A lack of online presence has become unthinkable, as consumer preferences continue to trend heavily toward online business and transactions—is your company equipped to thrive in this new era?
While there is no definitive guide to this new reality, this insightful resource provides the starting point and roadmap to digital success in the financial services arena, covering aspects such as:
Digital is not merely a "bolting on" of technology to produce results faster and cheaper, but a complete rethinking of common business practices and notions of efficiency and customer engagement Rethinking business starts with the customer - new business models are constructed entirely around this single, guiding principle A digital business model is all about connectivity, with front-office apps tied in to both back-office analytics and marketplaces with many players and segments Businesses must open their operations to this marketplace of players through APIs, necessitating a conversion of many core systems Central business and technology systems must change to adapt to new market entrants and new technologies that range from AI for back-office analytics to Distributed Ledger Technology (DLT) for global operations Leaders must rethink their businesses to be fit for the future digital age, and this comprehensive resource shines a spotlight on the key elements to this transformation.

Marshall Cavendish

Skinner, Chris

Marshall Cavendish International (Asia) Pte. Ltd. : Wiley

Marshall Cavendish International (Asia) Private Limited

Wiley & Sons, Incorporated, John

John Wiley & Sons, Incorporated

Marshall Cavendish Business

American Geophysical Union

Wiley-Blackwell

UNKNO

John Wiley & Sons, Inc., West Sussex, 2018

United States, United States of America

West Sussex, United Kingdom, 2018

Singapore, Singapore

Singapore, 2018

1, 2018-06-18

England, 2018

PS, 2018

Includes bibliographical references.

Digital is far-reaching and ubiquitous - everything you know is about to change. We are living in the fourth age of humanity. First, we became human. Then we became civilized. The third age saw the creation of commerce. Now, we are becoming digital. Technology has changed the way we communicate, trade, and transact, with repercussions extending far beyond our personal spheres. This book explores the digital evolution's impact on business, banking, society, and government, and offers clear insights on thriving in this new era. Human and business relationships are evolving, and existing businesses must undergo substantial transformative changes to compete with the smaller, "lighter," and more agile companies that are able to quickly maneuver to match shifting consumer demands. A lack of online presence has become unthinkable, as consumer preferences continue to trend heavily toward online business and transactions-is your company equipped to thrive in this new era' While there is no definitive guide to this new reality, this insightful resource provides the starting point and roadmap to digital success. The book offers specific lessons for thriving in this new environment rather than merely surviving the changes that are coming. It provides a specific conceptual framework for this transformation: -Digital is not merely a "bolting on" of technology to produce results faster and cheaper, but a complete rethinking of common business practices and notions of efficiency and customer engagement -Rethinking business starts with the customer - new business models are constructed entirely around this single, guiding principle -A digital business model is all about connectivity, with front-office apps tied in to both back-office analytics and marketplaces with many players and segments -Businesses must open their operations to this marketplace of players through APIs, necessitating a conversion of many core systems -Central business and technology systems must change to adapt to new market entrants and new technologies that range from AI for back-office analytics to Distributed Ledger Technology (DLT) for global operations Leaders must rethink their businesses to be fit for the future digital age, and this comprehensive resource shines a spotlight on the key elements to this transformation

<p><i>Digital Human</i> explores the way in which human and business relationships are changing in this digital age, and provides clear lessons on how to evolve existing businesses to be digital businesses relating to their digital human customers. Specifically, this book explores what the fourth age of humanity means for business, banking, society and government.</p> <p>The themes explored include how bitcoin and the network are altering and challenging government and control mechanisms; the rise of global digital giants and how the Chinese giants are far more imaginative than their American counterparts; the rise of the most fundamental innovations being notable in Sub-Saharan Africa, the Philippines and other emerging markets, and how these markets will educate those of Europe and America over time; and the challenge to govern a globalized world when we live in nation states. The book concludes with the world&rsquo;s first in-depth English case study of Ant Financial and Alipay, the largest payments processing company on Earth. The company has a stated ambition of bringing onboard all of those people excluded from financial services today.</p>

We live in the fourth age of humanity. The first phase was becoming human. The second was becoming civilised, when we created money. The third was becoming commercial, when we created banks. In this fourth age of humanity, we have turned ourselves into Digital Humans. Technology is changing the way we talk, trade and transact. We are now interfacing with technology whenever we do business, make friends, and go about our lives. What does this mean for business, banking, society and government? What does this mean for you?Digital Human explores the transformations that are sweeping through all spheres of life: the domination of global digital giants; the advent of new financial structures (FinTech); the disruption brought about by Bitcoin; the rise of robots; and the fall of banks. The book also gives the first in-depth English case-study of Ant Financial and Alipay, the largest payments processing company in the world. Soon, not only will everyone on the planet be connected digitally, they can be raised out of poverty through inclusion. We are living through the age of creating the next generation of humanity. What does the future hold?

We live in the fourth age of humanity. The first phase was becoming human. The second was becoming civilised, when we created money. The third was becoming commercial, when we created banks. In this fourth age of humanity, we have turned ourselves into Digital Humans. Technology is changing the way we talk, trade and transact. We are now interfacing with technology whenever we do business, make friends, and go about our lives. What does this mean for business, banking, society and government? What does this mean for you? Digital Human explores the transformations that are sweeping through all spheres of the domination of global digital giants; the advent of new financial structures (FinTech); the disruption brought about by Bitcoin; the rise of robots; and the fall of banks. The book also gives the first in-depth English case-study of Ant Financial and Alipay, the largest payments processing company in the world. Soon, not only will everyone on the planet be connected digitally, they can be raised out of poverty through inclusion. We are living through the age of creating the next generation of humanity. What does the future hold?

"Digital Human offers a much-needed exploration of how the digital age is affecting human and business relationships and offers guidance that shows how companies of all sizes can adapt to become forward-thinking digital businesses. Digital Human explores the implications of the digitalisation for humanity, trade, commerce and our future. The mobile network is achieving the goal of eroding boundaries and inclusion of everyone. This digitalisation of our planet is bringing about a major transformation. Everyone on the planet will soon be included in the network and everyone on the planet will get the chance to talk, trade and transact with everyone in real time. This book offers insight into a number of intriguing topics that stem from the digitalisation of humanity such as how bitcoin and cryptocurrencies are challenging government and control mechanisms and why the Chinese tech giants are more imaginative than their Western counterparts. Chris Skinner also explores the rise of the most fundamental innovations in emerging markets and examines the challenge to govern a globalised world when we live in nation states"--Dust jacket.

The revolutions of humanity: digital humans
The evolution of the digital age
The rise of platforms and marketplaces
The rise of the robots
The rise of a new financial structure (FinTech)
The rise of everyone
The fall of banks
A glimpse of the future
Closing thoughts
Case study: Ant Financial.

2022-09-01