Connected Economy

Connected Economy
Work From Home Forces Retailers to Rethink City Strategies
May 29, 2023

Consumers not physically employed in offices are spending in locations that are more convenient to them than the city. One man’s meat is another’s poison goes the old saying, which it may be as applicable as ever when it comes to workers returning to the...

Connected Economy
AI Dominates CE 100 Headlines but Index Posts Muted 0.5% Gain
May 29, 2023

All AI. All the time, it seems. The CE 100 Index headed into a shortened holiday week with only slight gains, up 0.5%. And as has been seen in recent weeks, excitement over AI helped drive some familiar names higher — in many cases, significantly...

Connected Economy
Wearables, Mobile Wallets Are Dream Combination for French Merchants
May 29, 2023

PYMNTS recently studied the digital transformation of 11 countries, discovering that France is a growth leader among the countries examined. Consumers in France are 10% more digitally engaged than one year ago, but growth is even higher in some categories, such as travel, eating, well-being...

Connected Economy
Uber Teams With Google’s Waymo to Offer Driverless Ride-Hailing
May 23, 2023

Google-owned self-driving vehicle firm Waymo has teamed with Uber to expand its service. The partnership, announced Tuesday (May 23), is set to launch later this year in Waymo’s newly-expanded operating territory in Phoenix, Arizona and will include local delivery and ride-hailing. “Since both companies were founded in 2009, Waymo and Uber...

Connected Economy
There’s a Massive Urban-Rural Divide in Digital Healthcare — and It’s Growing
May 23, 2023

On Jan. 27, the Federal Communications Commission published a report and order expanding access to digital healthcare tools in rural America. The report acknowledged that digital and telehealth options have grown increasingly critical to providing healthcare to consumers in sparsely populated communities with limited brick-and-mortar...

Connected Economy
Consumers Who Shop More Online Also Use More Healthcare Services Online
May 17, 2023

Inflation, economic uncertainty, and a generalized sense of instability are not holding back the world’s digital transformation, which clicked up meaningfully in the first quarter of 2023. A landmark research project, the PYMNTS ConnectedEconomy™ Index (CE Index), which for the past few years has measured...

Connected Economy
Meta and BMW Seek to Solve In-Car VR
May 17, 2023

Meta and BMW say they’ve made a breakthrough in their car-based virtual reality project. The two companies on Wednesday (May 17) announced an update to their partnership, formed in 2021, to explore how augmented reality (AR) and virtual reality (VR) could be integrated into smart vehicles. “VR headsets are equipped...

Connected Economy
Digital Has Become a Way of Daily Life for 622M Consumers in 11 Global Markets
May 17, 2023

The global digital transformation is continuing. Global digital engagement hit a new peak in the first quarter of 2023, rising 2.4% year over year as consumers engaged in 6.5% more digital activities daily. PYMNTS’ latest research found powerful network effects. Consumers’ increased digital engagement is...

Connected Economy
CE 100 Index Down 0.3% as Shopping Losses Temper Porch, Affirm Gains
May 15, 2023

Earnings season is wrapping up.  And movement in the “Shopping” and “Live” pillars helped determine the fate of the CE 100 Index, which lost 0.3% this past week.  Shopping Names Lead Decliners  Shopping-related companies lost 2.7% overall, leading declining stocks in our pantheon. And within...