Significant development of digital currency, data applications, artificial intelligence, etc. during
the new coronavirus(COVID-19) pneumonia epidemic.
Global economic digital transformation "stepping on the accelerator"
During
the new coronavirus(COVID-19) pneumonia epidemic, the demand for non-contact interaction, safety and health has increased. The digital economy represented by digital currency, data applications and artificial intelligence has developed significantly, and
the digital transformation of the global economy has stepped on the "throttle".
Speeding up the process of financial digitization
During
the new coronavirus(COVID-19) pneumonia epidemic, many banks and institutions in Europe and the United States set out to promote the implementation of digital currencies.
The Dutch Central Bank recently released a report saying that it is ready to "play a leading role" in the development of the central bank's digital currency in the euro area. The report proposes that if specific central bank digital currencies are to be tested within the euro system, "we are ready to play a leading role", the Netherlands provides a suitable test site for such tests. The report believes that during
the new coronavirus(COVID-19) pneumonia epidemic, people are less dependent on cash, and the central bank's digital currency can remedy this.
According to Deutsche Bank analyst Rapol, the United Kingdom, the Eurozone, Japan, Canada, Sweden and Switzerland may issue universal digital currencies within three years.
An article published by Reuters pointed out that the current epidemic crisis may cause the major Western economies to shrink more rapidly. Central banks and governments of various countries are under pressure to provide cash flow to households and businesses.
The central bank's actions to purchase bonds through quantitative easing and inject large amounts of money into the banking system have been fully launched, with a scale of trillions of dollars. However, the spread of
the epidemic has led to a large-scale shutdown of economic activities, which means that it is difficult for the government and the central bank to let funds flow directly to enterprises and workers.
Since the global financial crisis, the industry has generally criticized quantitative easing because of the low demand for loans, many funds are blocked in banks, and these funds are difficult to flow into the households and enterprises with the most urgent needs, and ultimately only push up the price of assets held by the rich. , Leading to slower growth and increased inequality.
Many experts believe that digital currency can effectively solve these problems. Several economists of the Bank for International Settlements recently released a report saying that the outbreak will accelerate the transition to digital payment. The specific reasons include the public ’s fear that cash may spread viruses, the rise of contactless business activities in the outbreak, and the social isolation policy that reduced cash. scenes to be used.
Financial institutions are also accelerating digital transformation. Liang Jian, executive director of German H & A Private Bank, said recently that
the epidemic may promote the accelerated digital transformation of the German banking industry. From the experience of Chinese business, the German banking industry can improve efficiency, reduce costs, and promote internationalization through the digital transformation of the front and back offices.
Facebook's digital currency Libra recently issued a revised version of the announcement, which new revisions tend to coordinate with global regulatory agencies, the industry generally believes that its landing date may be imminent.
Reduced data application constraints
With the spread of
the new coronavirus(COVID-19) pneumonia epidemic in European and American countries, many countries have begun to exert their efforts in the field of data applications, and the restrictions on R & D and application have been reduced.
In order to prevent and control the epidemic situation and restart the economy with certainty, Europe and the United States began to increase data tracking applications. Apple and Google said recently that they will build a new system for tracking the number of people with the new coronavirus(COVID-19) pneumonia infections and contacts, and that a preliminary version of the system will be delivered to the US Department of Health this week. The system can alert users of smartphones after they come into contact with them. The government said that these measures are essential to promote the economic restart.
At present, the system has been updated to provide more accurate information to the public health department. These updates include modifying the way the mobile phone sends out the Bluetooth signal, improving privacy protection to prevent hackers from snooping on information. Apple and Google also said that users ’temporary digital identifiers will be generated more randomly than originally planned, preventing ulterior motives from guessing how these identifiers will be distributed and tracking them accordingly.
Apple and Google account for 99% of the global smartphone operating system. Health experts said that once the blockade is over, such tracking applications will play an important role in the next step of virus control.
The European Commission recently called on member states to establish an interoperable voluntary application system that uses short-range radio waves to measure the distance between users, rather than using the global positioning system to track the physical location of the phone. The Wall Street Journal published an article saying that this statement means that the EU with 446 million inhabitants will join other camps in the world that propose or launch contact tracking applications.
Public health officials said that if such applications are widely adopted, they may play an important role in helping people stop the epidemic after people start returning to work.
The scientific advisers of the British government published a research report in the journal Science, which believed that the "closing the city" isolation measures caused huge economic and social impact, and the introduction of mobile phone applications that track the source of virus infections can play a role in reducing the degree of damage. Key role. After anyone is diagnosed with an infection, this app can quickly warn people who have been in contact with it. Manual inspection usually takes a week to determine the result, and location tracking technology can be completed in an instant.
The application of artificial intelligence is getting deeper
This round of
the new coronavirus(COVID-19) pneumonia epidemic has brought unprecedented challenges to medical services, and medical service technology equipped with artificial intelligence has increasingly become a field that countries rely on. Experts said that due to the epidemic, the market demand for artificial intelligence applications may continue to emerge.
The "Wall Street Journal" article pointed out that with the further development of the epidemic, a series of needs such as patient care, drug research and development, and remote office are becoming more and more popular, and artificial intelligence investment in related fields may continue to advance.
Ritu Jyoti, head of global artificial intelligence research at IDC, said: "In some areas, investment in artificial intelligence software will increase." These areas include customer service agents, digital assistants, adaptive learning software, diagnostic treatment systems, and drug development tools. .
In the medical field, artificial intelligence has undertaken increasingly important tasks such as preliminary triage and medical imaging screening, and has become a breakthrough in the medical field.
IDC expects that several areas on the front line of
anti-epidemic will invest more money to develop artificial intelligence, including medical, pharmaceutical and government departments. Many executives of medical artificial intelligence software companies said that demand has grown.
GYANT, a company selling virtual assistant software to medical institutions, improved its performance during the new coronavirus(COVID-19) pneumonia epidemic. The company's CEO and co-founder Burrance said that since the beginning of the year, the company's monthly sales have tripled. The other one is called Care. Toretti, CEO of ai's medical technology company, said that some customers had planned to install the company's artificial intelligence monitoring system within the next 12 months, but now hope to complete the deployment within six months.
In addition, interactive digital technology applications based on 5G, cloud computing, etc. have received more attention during the epidemic. These technical applications can make up for the shortcomings exposed by many traditional industries in
the new coronavirus(COVID-19) pneumonia epidemic and strongly support the needs of life and economic activities.
