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Sometimes, companies approach us with requests like “I have developed a new technology but how do I build a business around it?” or “Our technology is superior to our competitors’ – why don’t our customers see that?”. billion in 2027. “Build only products that customers want” – sounds easy, right? What is Smart Manufacturing?
dollars by 2027, more than double its expected market size in 2018. Truth : When it comes to adopting new technology, one of the first questions asked is “How much will it cost?” The idea behind implementing a technological solution, such as data analytics, is to gain a tangible benefit from the project.
Empower Ezassi’s open innovation consulting and technology scouting services to inspire the new energy initiatives your organization requires. That’s a compelling current technology channeled by the power of nature! However, manufacturers are planning ahead and addressing circularity for used EV batteries.
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. At the present rate of churn, Innosight’s research estimates three-quarters of today’s S&P 500 will be replaced by 2027.
New research from the McKinsey Global Institute simulates the potential global macroeconomic impact of five powerful technologies (computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning). We know that technologies often take a long time to diffuse and to deliver benefits.
To see why, please check out "Two Routes to Resilience," an article from Innosight-affiliated authors in the December issue of Harvard Business Review. Even if disrupted corporations do act in time, painful cuts are likely to leave painful scars. Missteps that could be tolerated in ordinary times can prove fatal.
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