The New Physics of Financial Services

The World Economic Forum published The New Physics of Financial Services which is a massive collection of useful information. This resource, although published in 2018, may help one understand that other industries just might possibly similarly be impacted by these new physics.  Take, for example, accountancy.

The following is a summary of the key findings of this exploration: (starts on PDF page 26)

  • Finding 1: From cost centre to profit centre
  • Finding 2: A new battlefield for customer loyalty
  • Finding 3: Self-driving finance
  • Finding 4: Collective solutions for shared problems
  • Finding 5: Bifurcation of market structure
  • Finding 6:  Uneasy data alliances
  • Finding 7: The power of data regulators
  • Finding 8: Finding a balanced approach to talent
  • Finding 9: New ethical dilemmas
Some refer to what is going on as a "fundamental  reorientation of the state of affairs".  Another term is "the great progression". Another term is "the great upheaval".  I have used the term "the great transmutation". The "new physics" is another term.

The new physics of finance demands new, more modern tools.

Additional Information:


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