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best use of tech in the digital economy award
sponsored by Zeus Capital
Recently, TechCrunch, observed the following, “Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate… Something interesting is happening.”
This quote sums up the purpose of this award, which will be won by a company that has harnessed the power of digital and disruptive technologies to build or transform its business model and breakdown traditional boundaries.
The backbone of the digital economy is hyperconnectivity; therefore engagement, connectivity and interactivity with customers is critical.
This year’s shortlisted companies are showing us all how it should be done.
Babylon are on a mission to put an accessible and affordable health service in the hands of every person on earth. The group is achieving this is by combining the ever-growing power of AI with the best medical expertise of humans, enabling unparalleled access to healthcare. This includes personalised health assessments, treatment advice and face-to-face appointments with a doctor 24/7.
Earlier this year, Babylon announced it had partnered with NHS hospitals to provide a comprehensive digital service to help meet extreme levels of COVID-19 demand.
Deliveroo has established a world-class service and its platform keeps on getting better. The group continues to invest in the business, recently closing a $575m investment with participation from Amazon, in order to expand its tech team, offer more work for riders, and help restaurants grow their businesses by reaching new customers.
Deliveroo reported that over 3,000 restaurants had signed up to the platform since the Covid-19 outbreak in March.
Huma is on a journey to use data to deliver good health. The group partners with science, tech and healthcare professionals to use insights that transform care for people everywhere. The group recently provided remote patient monitoring for Covid-19 to Germany and UK hospitals nationwide.
In July this year, Huma announced its support for a crucial research project at the University of Cambridge, which aims to improve early detection of Covid-19 infections. Its other partners include Apple, Johnson & Johnson and Tencent.
Revolut has over 12m customers and supports usage in 35 countries, in addition to carrying out 100m transactions per month. Its offering for personal customers includes stock investing, crypto investing, commodities investing, payments, money transfers, budget & analytics, and insurance among others. The group recently extended its offering to SME’s by launching Revolut for Business, which includes company cards, subscription management, payroll and expenses management.
Revolut recently raised a large Series D funding round of $500m, led by TCV, valuing the group at $5.5bn. Over the past few years, Revolut has raised $836m.