SICAN Insight #14
SICAN Insight #14
SICAN Insight #14
SICAN Insight #14
With digital transformation disrupting the banking industry and creating new competitors in the fintech space, banks have been heavily pressured to develop a solution of their own across their value chain. Investment banking is one of the more obscure sectors that have received less attention than its counterparts for widescale digitalization. Despite digital technologies already being an integral part of every capital markets professional and having transformed the sales and trading business, corporate and investment banks have shown mixed and often disappointing results in regard to digital solutions. However, exploring the different approaches, priorities, and risks that involve digital transformation is crucial given the potential value that such solutions can provide.
With digital transformation disrupting the banking industry and creating new competitors in the fintech space, banks have been heavily pressured to develop a solution of their own across their value chain. Investment banking is one of the more obscure sectors that have received less attention than its counterparts for widescale digitalization. Despite digital technologies already being an integral part of every capital markets professional and having transformed the sales and trading business, corporate and investment banks have shown mixed and often disappointing results in regard to digital solutions. However, exploring the different approaches, priorities, and risks that involve digital transformation is crucial given the potential value that such solutions can provide.
(Wearable device keywords, TechforAging) A representative example of a human-centered design can be said to be a wearable device. Currently, the biggest stake in the wearable device business in Korea is the elderly wearable device. The greatest potential of wearable devices is that they can be a medium for platform linkage. The core of the wearable device platform is to distribute wearable devices to the elderly population by linking institutions such as welfare institutions and telecommunications companies, collect data of the elderly, share it among institutions, and provide linked services. This journal will address the elements necessary for wearable devices to connect with the platform.
(Wearable device keywords, TechforAging) A representative example of a human-centered design can be said to be a wearable device. Currently, the biggest stake in the wearable device business in Korea is the elderly wearable device. The greatest potential of wearable devices is that they can be a medium for platform linkage. The core of the wearable device platform is to distribute wearable devices to the elderly population by linking institutions such as welfare institutions and telecommunications companies, collect data of the elderly, share it among institutions, and provide linked services. This journal will address the elements necessary for wearable devices to connect with the platform.
Over the past decades, the global society has been rapidly shifting from conventional analog to digital technologies. Such transition has brought about numerous benefits to mankind, such as reinforced international connectivity, enhanced data collection, and freedom from spatial restraints. A less renowned field where digitalization has come into active use is cultural heritage preservation. International organizations, governments, and museums worldwide have made significant progress in this sector, creating a sustainable and inclusive reservoir of heritage. This article looks into the implementation and outcomes of these activities. Being rich in cultural heritage as well as the resources to protect and preserve them, the European Union (EU) and its constituting countries have actively powered cultural heritage efforts throughout the 21st century. The utilization of digital technology has been one of them. From artificial intelligence to 3D tech and virtual reality, these technologies are being utilized to not only ensure preservation but also to promote the European culture and engage broader audiences both in and out of the EU. In 2019, 26 EU countries signed a Declaration of cooperation on advancing the digitalization of cultural heritage. The Declaration “invites the Member States to leverage synergies between digital technologies and Europe’s cultural heritage in three key areas: (i) a pan-European initiative for 3D digitization of cultural heritage artifacts, monuments, and sites; (ii) enhancing cross-sector, cross-border cooperation and capacity building in the digital cultural heritage sector; and (iii) fostering civic engagement, innovative use and spillovers in other sectors” (European Commission). In the following year 2020, the European Commission released the “10 basic principles for 3D digitization of tangible cultural heritage” which served as an important guideline for museums and heritage professionals. The need for digitalization was further highlighted with the start of COVID 19, which caused many cultural institutions to close. However, many were able to quickly respond by expanding their pre-established digital services. The European Commission also offers sustained support for cultural heritage innovation and research through its Horizon 2020 program. From 2014 to 2020, the program has funded around 70 million euros in digital cultural heritage.
Over the past decades, the global society has been rapidly shifting from conventional analog to digital technologies. Such transition has brought about numerous benefits to mankind, such as reinforced international connectivity, enhanced data collection, and freedom from spatial restraints. A less renowned field where digitalization has come into active use is cultural heritage preservation. International organizations, governments, and museums worldwide have made significant progress in this sector, creating a sustainable and inclusive reservoir of heritage. This article looks into the implementation and outcomes of these activities. Being rich in cultural heritage as well as the resources to protect and preserve them, the European Union (EU) and its constituting countries have actively powered cultural heritage efforts throughout the 21st century. The utilization of digital technology has been one of them. From artificial intelligence to 3D tech and virtual reality, these technologies are being utilized to not only ensure preservation but also to promote the European culture and engage broader audiences both in and out of the EU. In 2019, 26 EU countries signed a Declaration of cooperation on advancing the digitalization of cultural heritage. The Declaration “invites the Member States to leverage synergies between digital technologies and Europe’s cultural heritage in three key areas: (i) a pan-European initiative for 3D digitization of cultural heritage artifacts, monuments, and sites; (ii) enhancing cross-sector, cross-border cooperation and capacity building in the digital cultural heritage sector; and (iii) fostering civic engagement, innovative use and spillovers in other sectors” (European Commission). In the following year 2020, the European Commission released the “10 basic principles for 3D digitization of tangible cultural heritage” which served as an important guideline for museums and heritage professionals. The need for digitalization was further highlighted with the start of COVID 19, which caused many cultural institutions to close. However, many were able to quickly respond by expanding their pre-established digital services. The European Commission also offers sustained support for cultural heritage innovation and research through its Horizon 2020 program. From 2014 to 2020, the program has funded around 70 million euros in digital cultural heritage.
With headlines like Beeple sold an NFT for 69$ million circling around the internet, it is easy to understand how NFTs have gained the interest of so many and become one of the defining buzzwords of 2021. Just in the last year, NFTs have become a 40-billion-dollar market with 28.6 million wallets trading these digital assets. And, although these figures depict NFTs in a positive light with a promising future, they also call for a long overdue discussion on its more controversial characteristics: its sustainability and impact on the environment.
With headlines like Beeple sold an NFT for 69$ million circling around the internet, it is easy to understand how NFTs have gained the interest of so many and become one of the defining buzzwords of 2021. Just in the last year, NFTs have become a 40-billion-dollar market with 28.6 million wallets trading these digital assets. And, although these figures depict NFTs in a positive light with a promising future, they also call for a long overdue discussion on its more controversial characteristics: its sustainability and impact on the environment.