The Smart Home or Connected Home, as it is also frequently called, was once again on prominent display at CES Las Vegas 2016. Showcased were home cameras, smart thermostats, air quality monitors, intelligent locks, connected fridges & washing machines and many more.

The banking industry is emerging from a long crisis with its core business attacked from all angles, and it’s only going to get worse. Yet banking remains at the heart of the economy, critical for future wealth creation. What is required is strong industry leadership and a clear vision of what banking should look like in the long term.

Banks now need a long term vision on a 10 year horizon. Focusing down on the payments industry allows us to see why more concretely, and could provide an inkling of what the rest of the banking landscape faces.

Developing a vision is critical to steering a business through the medium to long term, providing a tool to ensure that every major decision that is made helps move towards the end goal. But then you have to deliver. How?

The Fukushima disaster is an example at a much bigger scale which highlights the fragility of the supply chains of a lot of industries, and which shows that companies are usually not aware of the existence of upstream “neuralgic hearts”. The breaks in production (automotive, trains…) which happened because one single component was missing are an obvious illustration of this statement

The auto industry is facing enormous upheaval: new mobility models are already a reality, and huge amounts of resources are being invested both by OEMs and technology firms in autonomous drive vehicles. While insurers clearly see the opportunity from telematics-driven black box insurance, few seem to have looked much beyond this at the wider revenue possibilities, or considered the longer term impact on product, required competencies and distribution model.