Companies that capitalise on the four elements of digital innovation, including big data analytics, fast adoption of new technologies, mobile products and capabilities and digital design, out-innovate competitors and grow faster, according to an annual report from the Boston Consulting Group (BCG).
Cryptocurrency and blockchain adviser Markus Wyss tells us why he believes that the innovation possibilities of blockchain technology are limitless.
The year 2017 saw a rapid pace of digital transformation in global business, and the coming year will be no different. From AI to the fundamental power of the people, we look at the top 5 trends that are set to define business innovation in 2018.
At the 4th World Internet Conference (WIC) in Wuzhen, which drew to a close yesterday, China announced that its digital economy reached 22.58 trillion yuan ($3.4 trillion) in 2016, accounting for nearly a third of the national GDP. The same report said that 22% of the world’s current GDP is closely related to digital economy.
Karina R. Jensen, author of the recently published book “Leading Global Innovation”, presents a new framework for facilitating multicultural innovation and collaboration.
The global consumer goods corporation Procter & Gamble (P&G) is celebrating its 180th anniversary, yet it has managed to keep its innovation pace, alongside a growing number of agile, disruptive startups and hot new companies. One of Forbes’ World’s Most Innovative Companies, P&G isn’t the only centenarian brand to have kept its edge.
Apple, Space-X, Amazon and Facebook all feature in MIT Technology Review’s list of the 50 smartest companies in 2017, which may not surprise you. Yet some incumbent companies also make the ranking, along with start-ups such as Carbon, Face++ and Gamalon.
Waves of disruption are increasing and businesses are more quickly redesigning better products to meet consumers’ expectations. Big data is playing a major part in this. With established brands and companies facing growing competition, executives, innovators and entrepreneurs need to start looking at big data and the opportunities it brings for positive change.