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In this blog I explore what the automotive industry has been doing to address the potential disruption, analyze the effects of these initial steps, and provide recommendations on what corporations could be doing better. Figure 1: Top 20 corporate R&D spenders in 2014. They continue to invest heavily in R&D. Volkswagen.
In this blog I explore what the automotive industry has been doing to address the potential disruption, analyze the effects of these initial steps, and provide recommendations on what corporations could be doing better. Figure 1: Top 20 corporate R&D spenders in 2014. They continue to invest heavily in R&D. Volkswagen.
Back in 2014 at the time of the last survey by Altimeter, only 25% of companies undergoing some form of digital transformation had mapped the customer journey, as now 88% cited CX as the driver of change and why technology was the necessary solution. With the runway for disruptive technologies still ahead (e.g.,
The Internet of Things might not immediately look like a banks dream trend but with a little bit of lateral thinking it could be the biggest market you’ve ever played in.
This is the AI-assisted world that is the result of the internet-of-things, blockchain, advanced analytics, machine learning, natural language processing or other digital technologies being implemented today. A Framework for Digital Business Transformation ; Cognizant; October 2014. Start Your Digital Transformation Journey.
Many of the themes that we have witnessed here in 2015 will gather pace next year and continue to enable or disrupt your business depending on how prepared they are for the Hard Trends on the horizon. The Internet of Things (IoT) Gets Personal. Drones Become Practical. Thanks to a slow moving FAA in the U.S.,
find new ideas and examples to disrupt your industry. Some of the most notable and disruptive inventions of tomorrow will require a paradigmatic change in the way we interpret things today, in the way we perform tasks, in the technologies and resources we have access to. What if all your employees were freelancers?
find new ideas and examples to disrupt your industry. Some of the most notable and disruptive inventions of tomorrow will require a paradigmatic change in the way we interpret things today, in the way we perform tasks, in the technologies and resources we have access to. What if all your employees were freelancers?
Call 2014 the year of innovation. Google Trends reveals that interest in disruptive innovation crept up to peak levels this year. To overcome disruption and remain relevant into the future, companies need to build the businesses that will replace their legacy offerings. And they lasted. But that’s more than enthusiasm.
In many industries, drones are poised to generate what Paul Nunes and I call Big Bang Disruptions, with the FAA itself estimating $100 billion in new business growth. According to the Consumer Electronics Association , drone shipments will increase from 250,000 units in 2014 to nearly a million by 2018.
” A 2014 survey by Deloitte of top U.S. ” My own conversations with top-level business managers reveal that most are in a state of disruptive ambiguity for many reasons, with today’s digital onslaught leading the list. .” ” A 2014 survey by Deloitte of top U.S.
Dealing with today’s digital disruption begins by understanding how it differs from past industry changes. Disruption has accelerated dramatically, and the numbers prove it. Digital disruption is the primary catalyst of change. While the disruption is immense, so is the opportunity. There is significant opportunity.
He was dealing with diabetes-related medical devices that communicated poorly — or not at all — with mobile devices and the rest of the burgeoning Internet of Things (IoT). As he recalls now, “I was working on the world’s energy problem, but my passion and empathy were driving me in another direction altogether.”
For some time now we’ve been living into a smarter world filled with Big Data and analytics, and a more connected one that’s been described as “ the internet of things.” ” To hit the aggressive growth targets (750 by the end of 2013 and 1000 by November 2014) Waldo had to rewrite some GE rules.
A 2014 U.N. In Seattle, Washington, for instance, a smart building project using big data analysis is generating an energy savings of 15 percent to 25 percent, without paying for costly retrofits or disrupting tenants. There are a couple of things to consider when getting started. billion people.
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