Gradually, then suddenly '19
I wrote in last year here a short piece on #Hypergrowth #Innovation and the need to #Stay_competitive for firms. With ever-emerging new technologies, smart devices everywhere, and much faster adoption via the internet every firm becomes a tech-firm.
"Competitive lines are constantly being redrawn"
With new business models and technologies coming to the market at light-speed, legacy businesses are constantly challenged. Faster products, processes, and distribution innovations through data and technology makes competitors faster.
“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten.” The Road Ahead, 1995, Bill Gates
In 1876, William Orton (President of Western Union) asked 'What use could this company make of an electrical toy?', when being offered to purchase Bell's telephone patent!
You ever heard of autonomous Robotics, Vehicles, Drones, Appliances and Agents? You ever considered your digital transformation strategy takes advantage of augmented analytics to deliver insights across the organization? Do you know what is an “automated developer”? It's AI is applied to the actual development process, virtual software engineers which will develop basic code for software solutions.
"Nearly 75% of Professional Services companies have already implemented some kind of RPA (Robotic Process Automation), Intelligent Automation (IA) or AI-based intelligent automation solution."
And what the heck are 'digital twins'?! It is a digital representation that mirrors a real-life object, process or system. Ok, what for? It could potentially improve enterprise decision making by providing information on maintenance and reliability, insight into how a product could perform more effectively, data about new products and increased efficiency. For example: city planners can capture data about energy consumption to create more efficient options and test traffic light phases or airflow of skyscrapers.
"By 2022, 70% of enterprises will be experimenting with immersive technologies for consumer and enterprise use."
In about 10 years, technologies such as augmented reality (AR), mixed reality (MR) and virtual reality (VR), which change how users perceive the world, will lead to new immersive experiences.
“The future will be characterized by smart devices delivering increasingly insightful digital services everywhere,” David W. Cearley, Gartner
My favorite topic, Blockchain has applications that started already to disrupt traditional finance. Distributed Ledger Technology expanded further to government, healthcare, manufacturing, supply chain and other uses. Blockchain could potentially lower costs, reduce transaction settlement times and improve cash flow. Furthermore, the digital representation of shares, real-world assets, securities and other financial instruments via cryptocurrencies such as Security Token, will enable new financial models, businesses and opportunities for everyone to invest in many of the above listed new technologies.
XCEL ASIA invests in transformative and high impact technologies, while offering unmatched benefits to portfolio companies with its Pan-Asia eco-system.
LTO Network builds enterprise solutions with Distributed Ledger Technologies for the benefit of process efficiency, from data re-use and automation, without switching systems.
Micobo offers highly specialised enterprise-grade software as white-label for Security Token Issuance to easily deploy and customize your own compliant digital shares.
#IWSFinTech consults on and develops disruptive technologies such as FinTech or Blockchain (project management/product). IWS FinTech focuses on next-generation technologies that will impact lives in the next decade.
Partner with the world’s leading corporates to support start-ups / SMEs through co-development and co-creation. At the same time, our corporate partners are able to inject new technologies and innovations into their existing businesses.
IWS develops proprietary software products; and consults your company or start-up on development through
1) Guidance on corporate structure, equity planning, business model, product-market fit, marketing, branding, finance, legal, pitch deck, valuation, capital raise planning, media training,
2) Mentoring through our network of successful entrepreneurs, industry, finance, and investor relations experts, and
3) Resources such as facilities support, market expansion & landing, business partners, government & academia resources, investor relations, media relations, accounting & legal services, etc.
Sources: CB Insights, Futurum Research, Gartner, IWS FinTech