Abstract
The past 50 years have seen rapid technological change that has fundamentally shifted the boundaries of human possibility, enabling radical improvements in productivity, new scientific advances, and the advent of both new communities and new divisions within society. These changes have forced a rapid transformation of both the operational structure and the core tenets of competitiveness for every industry, creating a host of new challenges and opportunities for businesses, their customers, and the policymakers responsible for governing them.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
“One Dollar’s Worth of Computer Power, 1980–2010,” accessed January 5, 2019, http://www.hamiltonproject.org/charts/one_dollars_worth_of_computer_power_1980_2010.
- 2.
Tibi Puiu, “Your Smartphone Is Millions of Times More Powerful than All of NASA’s Combined Computing in 1969,” ZME Science, September 10, 2017, https://www.zmescience.com/research/technology/smartphone-power-compared-to-apollo-432/.
- 3.
“After Moore’s Law | Technology Quarterly,” The Economist, February 25, 2016, https://www.economist.com/technology-quarterly/2016-03-12/after-moores-law.
- 4.
Larry Greenemeier, “How Close Are We–Really–to Building a Quantum Computer?,” Scientific American, May 30, 2018, https://www.scientificamerican.com/article/how-close-are-we-really-to-building-a-quantum-computer/.
- 5.
Tom Simonite, “What Is Quantum Computing? The Complete WIRED Guide,” WIRED (WIRED, August 24, 2018), https://www.wired.com/story/wired-guide-to-quantum-computing/.
- 6.
Ibid.
- 7.
Dominic J. Moylett, Noah Linden, Ashley Montanaro., “Quantum Speedup of the Traveling-Salesman Problem for Bounded-Degree Graphs,” Physical Review, 2017, https://people.maths.bris.ac.uk/~csxam/papers/tsp.pdf.
- 8.
Roman Orus, Samuel Mugel, and Enrique Lizaso. “Quantum computing for finance: overview and prospects.” arXiv preprint arXiv:1807.03890 (2018).
- 9.
“Quantum Computers Will Break the Encryption That Protects the Internet,” The Economist (The Economist, 2018), https://www.economist.com/science-and-technology/2018/10/20/quantum-computers-will-break-the-encryption-that-protects-the-internet.
- 10.
Note 6.
- 11.
Note 9.
- 12.
“The Race to Build a Quantum Computer | NIST,” NIST, accessed January 30, 2019, https://www.nist.gov/topics/physics/introduction-new-quantum-revolution/race-build-quantum-computer.
- 13.
Peter Gwynne, “Practical Quantum Computers Remain at Least a Decade Away,” Physics World, December 12, 2018, https://physicsworld.com/a/practical-quantum-computers-remain-at-least-a-decade-away/.
- 14.
Jennifer Dutcher, “Data Size Matters [Infographic],” What Is Data Science?, November 6, 2013, https://datascience.berkeley.edu/big-data-infographic/.
- 15.
M. G. Siegler, “Eric Schmidt: Every 2 Days We Create as Much Information as We Did Up to 2003,” TechCrunch, August 4, 2010, https://techcrunch.com/2010/08/04/schmidt-data/.
- 16.
“Compliance Fines and Penalties,” GDPR EU.ORG, accessed January 5, 2019, https://www.gdpreu.org/compliance/fines-and-penalties/.
- 17.
Mike McDowall, “How a Simple ‘hello’ Became the First Message Sent via the Internet,” PBS, February 9, 2015, https://www.pbs.org/newshour/science/internet-got-started-simple-hello.
- 18.
Nick Routley, “MAPPED: The World’s Network of Undersea Cables,” Business Insider, August 26, 2017, https://www.businessinsider.com/map-the-worlds-network-of-undersea-cables-2017-8.
- 19.
Rick Burgess, “One Minute on the Internet: 640TB Data Transferred, 100k Tweets, 204 Million E-Mails Sent,” Techspot, March 20, 2013, https://www.techspot.com/news/52011-one-minute-on-the-internet-640tb-data-transferred-100k-tweets-204-million-e-mails-sent.html.
- 20.
Adam Taylor, “47 Percent of the World’s Population Now Use the Internet, Study Says,” Washington Post (The Washington Post, November 22, 2016), https://www.washingtonpost.com/news/worldviews/wp/2016/11/22/47-percent-of-the-worlds-population-now-use-the-internet-users-study-says/.
- 21.
Amy Nordrum, Kristen Clark and IEEE Spectrum Staff, “Everything You Need to Know About 5G,” IEEE Spectrum, January 27, 2017, https://spectrum.ieee.org/video/telecom/wireless/everything-you-need-to-know-about-5g.
- 22.
Chris Baynes, “Entire Country Taken Offline for Two Days after Undersea Internet Cable Cut,” The Independent, April 10, 2018, https://www.independent.co.uk/news/world/africa/mauritiana-internet-cut-underwater-cable-offline-days-west-africa-a8298551.html.
- 23.
Jack Clark, “5 Numbers That Illustrate the Mind-Bending Size of Amazon’s Cloud,” Bloomberg, November 14, 2014, https://www.bloomberg.com/news/2014-11-14/5-numbers-that-illustrate-the-mind-bending-size-of-amazon-s-cloud.html.
- 24.
Ron Miller, “How AWS Came to Be,” TechCrunch, July 2, 2016, https://techcrunch.com/2016/07/02/andy-jassys-brief-history-of-the-genesis-of-aws/.
- 25.
Amazon.com, Inc., “Amazon.com Announces Third Quarter Sales up 29% to $56.6 Billion,” October 25, 2018, https://ir.aboutamazon.com/news-releases/news-release-details/amazoncom-announces-third-quarter-sales-29-566-billion.
- 26.
Amazon, “All Customer Success Stories,” Amazon Web Services (AWS), accessed January 5, 2019, https://aws.amazon.com/solutions/case-studies/all/.
- 27.
Amazon, “Public Sector Customer Success Stories,” Amazon Web Services (AWS), accessed January 5, 2019, https://aws.amazon.com/solutions/case-studies/government-education/.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Arslanian, H., Fischer, F. (2019). The Digital Triumvirate of Computation, Data, and Connectivity. In: The Future of Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-14533-0_1
Download citation
DOI: https://doi.org/10.1007/978-3-030-14533-0_1
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-14532-3
Online ISBN: 978-3-030-14533-0
eBook Packages: Economics and FinanceEconomics and Finance (R0)