In the news … January 30, 2019

Now deepfake technology is on the US government’s radar (VIDEO)

The Pentagon, through the Defense Advanced Research Projects Agency (DARPA), is working with several of the country’s biggest research institutions to get ahead of deepfakes.

CNN

Ten trends shaping the Internet of Things business landscape

In the past, IoT has often been viewed as mostly a technology challenge, and we’ve found that a company’s CIO is most frequently the leader of its IoT efforts. But we see time and again that maximizing the economic impact of an IoT effort requires a broad set of changes to business practices as well. Connecting a wind turbine to the Internet, for example, means that it can send data to managers about when it needs to be serviced or that an optimization opportunity exists. But if the necessary management and maintenance business processes are not in place—for example, the supply chain isn’t able to deliver a replacement part—then the benefits can’t be realized.

MCKINSEY

Digital-Native Retailers Are Giving Physical Stores a Radical Makeover

On Black Friday in 2018, online spending in the U.S. leapt 24 percent from the previous year. By contrast, in-store sales fell by 7 percent and footfall was down 9 percent. These numbers might give the impression that brick-and-mortar stores are losing relevance with consumers, but several successful online-only retailers are actually opening physical shops — and traditional brands can learn from them by looking at why and how they’re doing it.

STRATEGY + BUSINESS