Finer Measurement, Growth, Vertical Integration, and Fintechs Peter E. Gunther Global Economic Analysis : Nigeria-Canada Investment Summit Abuja November, 2018
Fintechs – Financial Technology Companies • Global accelerators of economic growth • Vertical integrators, and • Improved efficiencies and timing in financial market
Fundamental Premises Throughout the industrial/services revolution, increasingly finer measurement has facilitated technology-based economic growth & vertical integration Fintech market functions are historical extensions of supply- chain financing (SCF) complemented by: -Novel products -Advanced connexity slashes transmission & storage costs -Enhanced analysis and productivity growth
Evolution of SCF Instruments Initially grow out of vertically integrated staples Historically, SCF shared board members and banks Accelerated to extended supply chain ties of IP development and services in: -Communications -Financial -Computer -Management and -Recruitment With same bank or without much bank participation, SCF innovators share IP Spurred by connexity among an increasingly better educated global population Freedom to establish SCF is a necessary but insufficient condition to ensure their presence to boost development
Bio-Medical Applications • Double helix • Mapping of human & other genomes • Genetically tailored medical practices • Slowing or Redressing neurological deterioration Results in “Big Data” storage, analytical and transmission needs. E.g. a single image of a brain requires 1 gigawatt of storage per patient so a sample of 100 patients monthly over a year is 1.2 megawatts of storage before even starting to analyze data SCF participation in clouds is unknown albeit foundations financed by them are active in improving health using modern medical approaches globally.
Innovative Connexity in Cluster Supply Chains of CDN. Manufacturers Supply chain integration from R&D onward Cyber inventory management Targeted and tailored promotions Data exchanges On-line training and assistance Employee and employment searches & safety checks Financing
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