Don Duncan shares his trend predictions for 2019
Don Duncan is the director at NuData Security, a Mastercard company based in Vancouver. NuData Security has four cornerstones that form their intelligence model used to protect customers and businesses: Device Intelligence, Behavioral Analytics, Passive Biometric Verification, and Behavioral Trust Consortium. From over two decades of experience, he shares his trend predictions for 2019 with us.
In 2019, retailers will continue to look at how to move more brick-and-mortar services online. In addition, consumers will increasingly look for the ability to walk into a store, get a branded card and start shopping without friction. Retailers can ensure this happens by streamlining the user’s onboarding digital experience with tools that evaluate their inherent behavioral patterns, without compromising security or privacy. Self-checkout is becoming more prominent across multiple outlets.
The number of consumers signing up for online services such as Amazon Prime will increase, and so will the incentives to join these services to boost online purchases; i.e., Loblaws
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This is compounded by the fact that many outlets now provide delivery-on-demand options, which means consumers can shop without going into a store. Being able to collect items from your local train station or the store parking lot is becoming a popular option as everyone’s lives get busier.
Subscription-based services for repeat monthly services are gaining popularity, and consumer’s buying habits increase by retailers offering targeted coupons based on their buying patterns.
The use of data analytics to understand buying patterns, not only of the user but also regional differences based on store, are more prevalent.
With these new ways to purchase goods come opportunities for fraud. In 2019 retailers need to work hard to make their services convenient to users but have to invest just as much to stop those fraudulent schemes that will try to take advantage of the new services.
Consumer habits are changing at a fast pace and companies will have to not only keep up with these trends but do it in a way that it’s safe and secure for them and their company.
G7 Summit guide: What it is and what leaders hope to achieve
Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration.
Who are the G7?
The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like.
The merry band comprises:
- The United Kingdom
- The United States
Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.
Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda.
When was the ‘G’ formed?
Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s.
Why does the G7 exist?
At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted.
The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability.
It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations.
Where is the 2021 G7 summit?
This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall.
What will be discussed this year?
After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”
The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values.
According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.”