Connected Economy

Connected Economy
CE 100 Index Falters 0.8% as CrowdStrike Plunges on Global IT Outage
July 22, 2024

The CE 100 Index faltered 0.8% in a week that reminded us just how connected we all are — by software, hardware, and apps — and how an outage can bring things to a standstill.   Of course, CrowdStrike was the focus here, as its...

Connected Economy
Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
July 19, 2024

If there ever was a day that needed a Plan B, it was Friday, July 19. Banks, airlines, hospitals, fast food chains, retailers, even the Paris Olympics, and nearly any and every business relying on a Microsoft Windows computer system found themselves grappling with a...

Connected Economy
They Said That: Notable Quotables From the Week of July 14
July 19, 2024

This week featured insights from JOOR CEO Kristin Savilia on the necessity of experiential retail for luxury brands, discussions with One Inc CEO Ian Drysdale on the digital shift in the insurance industry driven by Gen Z expectations and warnings from Intellicheck CEO Bryan Lewis...

Connected Economy
Hospitals Cancel Procedures, Find Manual Workarounds Amid Microsoft Outage
July 19, 2024

Hospitals are reportedly among the organizations being hit hard by the Microsoft system outage that began Thursday (July 18). A survey of hospitals around the world found that many are delaying procedures and finding manual workarounds for tasks that are normally done digitally, Bloomberg reported Friday...

Connected Economy
CrowdStrike CEO Updates Solutions to Global Microsoft Outage
July 19, 2024

The outage that continued to snarl systems from airports to stock exchanges Friday morning started when it struck users of Microsoft’s Windows operating system late Thursday (July 18) and early Friday (July 19) and was caused by cybersecurity firm CrowdStrike’s software update, CrowdStrike CEO George...

Connected Economy
Japan’s Boomers and Seniors Don’t Like Digital. Why That’s a Problem.
July 19, 2024

In the Land of the Rising Sun, where tradition meets technology, Japan is navigating a digital crossroads. Despite pioneering 3G technology and boasting a vibrant mobile culture, the nation finds itself grappling with a curious paradox: While at the forefront of technological innovation, its digital...

Connected Economy
How the World Does Digital: Germany Lags in Digital Engagement
July 18, 2024

As the largest economy in the European Union, Germany surprisingly ranks near the bottom in digital engagement among the 11 countries studied in PYMNTS Intelligence’s “How the World Does Digital” report, which analyzes the digital behaviors of over 817 million consumers across countries such as...

Connected Economy
How the World Does Digital: Government-Led Program Gives Netherlands a Digital Boost
July 17, 2024

Famed for its vibrant tulips and ubiquitous bicycles, the Netherlands is proving innovation isn’t limited to pedal power. This nation, boasting the world’s largest flower export industry and more bicycles than people, is now pedaling toward digital transformation. As the fifth-largest EU economy by GDP,...

Connected Economy
How the World Does Digital: Two-Thirds of Aussie Consumers Use Mobile Phones to Bank
July 16, 2024

There’s no shortage of images that come to mind when the subject is Australia. Most of them are outdoors, like the vast outback and iconic Table Mountain, any number of unique forms of wildlife and the world’s largest marine ecosystem in the Great Barrier Reef....