Why the need for robos when BlackRock and Vanguard were already selling passive financial products.
Software is sprinting to a cloud based, software as a service (SAAS) model. The most outstanding feature of all of these markets is the move from product to service based models.
What has begun with a whitepaper in November 2008 from a unknown circle of crypto nerds has become today a hot topic that is discussed not only by the people from the street but also by global business leaders.
Ignoring automation is a dangerous game. Banks ignoring the advantages of these technologies will be swallowed up by the world transforming around them.
The idea of using crowd sourcing in order to improve service and product ratings has become main stream. Companies like TripAdvisor and Yelp have become extremely popular.
I've learned over those years to always take a deep breath and look beyond the hyperbole and make sure we understand how the implementation of new technology will affect a market sector.