This is a roundup of industry news and links for the week of June 26th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Amazon and Whole Foods could finally convince skeptics to buy groceries online – Americans love shopping online—except when it comes to groceries. That’s a major hurdle for the many companies betting that the web is the inevitable future of supermarkets. But if any company can change people’s minds, it’s Amazon, a new poll suggests.
Credit card issuers face peril from rise in store closures: Report – Amid strong growth in online shopping, the pain that many traditional retailers are feeling may soon be shared by their partners in the credit card industry.
Is artificial intelligence the future of capital markets? – Before the internet arrived, I used to be an equity analyst. I’d spend my days finding and arranging metaphorical jigsaw pieces to come up with a complete picture and an investment recommendation, which the sales guys would disseminate by telephoning their favorite clients first, and the ones they didn’t like so much a bit later.
People will spend $6.3 trillion on apps by 2021 as we forget what cash even looks like – Global app usage is soaring and apps are set to be a more massive business than ever, according to a new report.
The total time we spend in mobile apps is expected to pass 3.5 trillion hours by 2021 as the value of apps around the world increases to more than $6 trillion, according to the latest forecasts from app analytics company App Annie.
Virtual Reality Is the Future of Shopping – Online shopping is on the rise—it’s fast and ships directly to your doorstep, sometimes overnight. But with online shopping, you miss the experience of going into a store and picking up items. Enter virtual reality shopping, which tries to give you the convenience of online shopping and the experience of being in a store.
Future of Mobility, Part IV: Where Fintech and the Cloud Come In – Fintech. The cloud. Digital wallets. Blockchain. These are all buzzwords typical to the banking and payments space, but within the mobility landscape they are only starting to gain traction.