153. Strategies to win in the new ecosystem economy
Inside the Strategy Room
00:00
The Evolution of Banking
Banking had its unique distribution advantages of those branches don't work anymore that much. Banking networks, all those big legacy IoT systems bank have developed now can replicate the one-tense of the cost or even provided cloud-based usage-based patterns. The total revenue pools of these new ecosystems, we expect around 70 to $100 trillion by 2030 and then eventually 2035,. It's around 30% of the global economy but over 40% of the profits and over 50% of the extra profit. Profit over cost of capital is likely to be orchestrated by these ecosystems. And that is very fundamental. First and foremost, this is the single largest economic transformation of human history, which somewhat justifies
Transcript
Play full episode
