Digital music has hit the roof, so Best Buy is officially pulling the plug on music CDs, and another Target may soon be next. Although CDs remain a relatively popular format worldwide, sales in the U.S. dropped more than 18% last year, prompting Best Buy to drop the format entirely.
Digital music sales overtook physical format sales in 2015, and that trend is likely to continue. Paid subscription services like Spotify and Apple Music are experiencing substantial growth, increasing by more than 60% in 2017.
Best Buy will continue to carry vinyl for the next two years, keeping a commitment it made to vendors. The vinyl will now be merchandised with the turntables, sources suggest.
Sources say that Target has demanded to music suppliers that it wants to be sold on what amounts to a consignment basis. Currently, Target takes the inventory risk by agreeing to pay for any goods it is shipped within 60 days, and must pay to ship back unsold CDs for credit. With consignment, the inventory risk shifts back to the labels.
With The Future of digital Grocery shopping & technology taking jobs brace yourself.Chicken producer Tyson Foods announced on Monday that it was starting a $150 million venture capital fund because tech is altering the way people do everything, including how they purchase groceries. Little Caesar’s, which has basically automated everything except for someone to open the door and greet customers. In addition, Burger King and McDonald’s are implementing kiosks in restaurants where you can order your food as a way to “wipe out” part-time employees.
With the continued rapid advancement of technology in the workplace we can expect changes in the way we work. Successful organizations are those which enable their people to accomplish more with technology. They create corporate cultures with new business processes which give employees the opportunity to adapt to advanced technology.
Key trends are imperative for digital success, reinforcing the fact that along with new technologies, people will be crucial to an organization’s success in the new digital landscape.
The next wave of automation solutions will gather large volumes of data across a range of different systems to create solutions weaving systems, data and people together. With new high-value roles related to programming, monitoring and machine maintenance.Intelligent automation will be a launch pad for new employee growth and innovation allowing them to complete more value driven tasks.
Leading organisations will use technology to enable an adaptable, change-ready and responsive liquid workforce. GE recently introduced a new approach called FastWorks, eliminating rigid approval processes which previously prevented employees from making changes to their projects or quickly switching direction.
Digital risks like data breaches and improper data handling are pervasive and organizations need to establish digital trust with their employees and their customers.
Focusing solely on delivering better cyber security won’t be enough to gain the trust of individuals, ecosystems and regulators – leading organizations will need to make digital ethics a core part of their organization. Platforms like Apple Pay and Health Kit have strong cyber security and ethics embedded to give customers confidence their digital footprints are secure and private.
By predicting disruption, organizations will be able to create new opportunities for people. Take Visa, for example, which has partnered with Accenture to envision the future of the connected car, one which embeds commerce into the Internet of Things. Consumers are able to place grocery orders with a single touch on the car dashboard and, thanks to Bluetooth sensors, by the time they arrive at the store the payment is completed and the goods are ready to go
Former Hulu CEO Jason Kilar is the man behind creating Vessel. YouTube has a broad range and large library of content. At the end of the day, this is about getting unique or different content on Vessel, and pulling from YouTube’s paid stars original content. Vessel has poached some of YouTube’s big names, but more importantly the company is focused on ensuring that the content that is on Vessel remains exclusive for 72-hours. That is the one major requirement that those who want to publish or upload to Vessel. Vessel’s major draw is that individuals who sign up with the company to create original content, will ultimately make a lot more money – and specifically, the company has said that that figure could be as high as $50 per thousand views, compared to the current $2-3 per thousand views on YouTube. It remains to be seen though just how successful this medium will be, and whether it will truly take digital subscriptions to the next level.
Sony Pictures documents by data security consultancy Identity Finder found personal information, including salaries and home addresses, posted online for staff who stopped working for Sony Pictures as far back as 2000 and one person who began working there in 1955.
The hack, by a group calling itself Guardians of Peace, illustrates the risks large companies such as Sony Pictures take by accumalting years of digital records on employees and customers on machines connected to the internet. Much of the data analyzed by Identity Finder was stored in Microsoft Excel files without password protection.
The documents also contain the social security numbers, or taxpayer-identification numbers, of thousands of freelancers, including actors who appeared in movies and television shows produced by the Sony-owned studio, one of Hollywood’s largest. Among them are Stallone, The 40-Year-Old Virgin director Judd Apatow and Australian actor Rebel Wilson.
The personal data and other sensitive documents in files now being traded on file-sharing networks such as BitTorrent. Investigators, including teams from Sony Pictures, the Federal Bureau of Investigation and computer-security firm FireEye, say the hackers used methods similar to ones previously attributed to North Korea. The malware was made on a machine with Korean language settings during Korean peninsula working hours and appears very similar to a tool used last year against South Korea banks and television stations.
A Russian cybersecurity company named Kaspersky Lab has released a report noting the similarities between the Sony hack and last year’s attacks on South Korea, although it could not identify who was behind the incident.
The studio is offering a year of free credit monitoring and fraud protection to current and former employees. Its lawyers are also trying to force websites to remove the data or links to it. But once data is out there it and becomes available on file-sharing networks, it is almost impossible to remove. Current and former Sony Pictures employees are infuriated at the leak and fear what else may appear online.
Mastercard had a grand opening of its new technology hub in New York City. MasterCard will also showcase Apple Pay. The global payments and technology company houses emerging payments teams in the technology community of the Flatiron District.