Prof.

Patrick Chau
HKU | School of Business

IIMT 2601/BUSI1003
Digital Economy (I) - Continued

Prof. Patrick Chau

https://www.youtube.com/watch?v=vvrnG2Gn-pg

HKU | School of Business

Born for the Internet ???!!!

Teaching at Harvard Law School

What Do You Think???

HKU | School of Business

Bank of the Future

Prof. Patrick Chau

Video for Thought

Supermarket of the Future?

Bank of the Future?
Education of the Future?
Born for the Internet?

Two Key Questions How far is this Future from Now?

What do we expect to see in this Future Digital
Economy?

HKU | School of Business

Prof. Patrick Chau

Future in the Digital Economy

Prof. Patrick Chau

To Answer These two Questions

We need to look at
Technologies, or technological advancement;
remember the Moores Law?
Businesses, different types of business
People, culture, regulations, etc.

Think about China and the USA, for

example.

HKU | School of Business

In short, we look at the PEST!

Prof. Patrick Chau

Internet Population and Usage

HKU | School of Business

The implications are ???

HKU | School of Business

Prof. Patrick Chau

Digitizing What?

Prof. Patrick Chau

An Example
Have you see the movie Minority Report?

HKU | School of Business

Casted by Tom Cruise and directed by Steven

Spielberg in 2002
There was a scene Tom entering Gap Store

Prof. Patrick Chau

Minority Report-Style Shopping?

Feasible?
Technologically? Culturally? Socially?
Economically? From not just customers but also firms?

http://www.dailymail.co.uk/sciencetech/article-1361490/Minority-Report-styleshopping-The-billboard-profiles-flashes-ads-tailored-tastes.html

TIME

Retail 3.0
Asia Edition 2014-12-29 & 2015-01-05

HKU | School of Business

Twelve years since the movie, has that future

become reality?

Prof. Patrick Chau

Another Example

HKU | School of Business

From a TED talk in

2009 in India by
Pranav Mistry: The
Trilling Potential of
SixthSense
Technology

Prof. Patrick Chau

Smartphone/Tablet on Your Skin!?

Again, Feasible?
Technologically? Culturally? Socially?
Economically? From not just customers but also firms?

https://www.youtube.com/watch?v=v5T31KmSnVk

www.cicret.com
http://www.dailymail.co.uk/sciencetech/
article-2871401/The-bracelet-turns-ARMtouchscreen-Cicret-projects-emailsvideos-games-skin.html

HKU | School of Business

Five years after,

Prof. Patrick Chau

A Recap, and Key Takeaways

How far is this Future from Now?
What do we expect to see in this Future
Digital Economy?
Digitize What?
Product? Process? Delivery Agent? Or?

HKU | School of Business

Analyze with PEST?