PPlease see below selected pre-2016 intelligence about technology. This is a synthesis of major recent developments at competitors, business schools, thinktanks, media, commentators, and other key influencers.
- KPMG released its ‘Fintech 100’ report, a collaborative effort with fintech investment firm, H2 Ventures. The report identified the leading 50 ‘Established’ fintech companies across the globe, and 50 ‘Emerging Stars’. Fintech is now truly a global sector – The list is comprised of 40 US companies, 20 from EMEA, 18 from the UK and 22 from Asia Pacific. China fintech leads the world – ZhongAn, a Chinese company tops this year’s list, and there are seven Chinese fintech companies on the list (with six in the 50 Established list). Payments is at most risk of disruption - Fintech growth in payments, currencies and transactions sees these segments of fintech now representing 25% of the Fintech 100, a substantial uplift on last year. Insurance finds its fintech footing - The top 2 companies on the list are insurance fintechs (with 7 overall, compared to none last year). Shift from disruptors to enablers – 25 ‘enablers’ (service providers to financial companies) this year, compared to 7 last year.
- Many executives pine for their internal IT systems to give them a more consumer-friendly experience, claimed the Harvard Business Review. They point to the simplicity, ease of use, and hassle-free nature of the digital services they use in their personal lives: the apps on their smart phone that make services available at the push of a button, software that can be installed and configured with the click of an icon, the ability to plug a printer into a laptop’s USB port and have it ready to print, a tablet that can be connected to the internet without any cautionary pop-ups warning about potential security risks or possible compatibility problems. In the consumer IT world everything just seems to work, they lament. Why does corporate IT make things so complicated? Unfortunately, most executives don’t recognise that consumer IT and enterprise IT are different animals. They don’t understand that they must play the pivotal role in the critical decisions that shape enterprise IT- decisions that they leave to the likes of Yahoo, Apple, Google, and Vodafone in the consumer world.
- Big Data is failing businesses and costing them millions in missed opportunities, at least according to a survey from flash storage provider Pure Storage. It cited a number of reasons for the failure, but specifically blamed a lack of quick access to critical information, a lack of workers skilled in data management, and red tape. The pan-European report entitled “Big Data’s Failure” highlights the struggle businesses are experiencing in trying to access the information they need in a timely manner. The report found that over half of businesses have missed opportunities they didn’t see coming because they lacked accurate information at a time when they really needed it.
- Cloud service providers are quickly rolling out innovative cloud services, and, for a growing number of enterprises, cloud-first is a preferred strategy. Enterprises are facing more competition than ever, so they're scouting for their next cloud service for competitive advantage. To select the right service, they must understand its maturity, ecosystem, and potential to solve business problems. In a new TechRadar, Forrester assessed what it considers the 18 most important cloud service categories.
- 16 Stunning Statistics that Forecast the Future of the Internet of Things
- 3 Industries That Will Be Transformed By AI, Machine Learning And Big Data In The Next Decade - Forbes
- A top Silicon Valley investor predicts what the world will look like in 10 years - Business Insider
- Drone market outlook - Raconteur
- Farewell oil, hello tech: the world’s 5 most valuable companies in 2006 and 2016 - World Economic Forum
- Five technologies for the next ten years - McKinsey & Company
- Ford to Sell Driverless Cars to Public by 2025, CEO Says - Futurology
- Gartner predicts connected car production to break 60 million by 2020 - Connected Car Tech
- Robots will eliminate 6% of all US jobs by 2021 - The Guardian
- Stop whining, the age of tech is an age of wonder - FT.com
- Tech breakthroughs megatrend - PwC
- Technology is taking jobs away from men—and reviving a pre-industrial version of masculinity — Quartz
- The Payments Revolution - FT.com
- The World in 2019: CEOs Reveal the Single Biggest Driver of Change in the Next 3 Years | Lynne Doughtie | Pulse | LinkedIn
- This is what the rise of automation in banking and finance means - Business Insider
- We used to worry about ‘peak oil’. Then the technological revolution happened | World Economic Forum
- What artificial intelligence will look like in 2030 | World Economic Forum
- What's the future of Artificial Intelligence? - Raconteur
- Why is Uber rushing to put self-driving cars on the road? - Quartz
Please see below selected recent external intelligence about IBM.
- IBM and Deloitte Financial Crime Strategy and Response Network teamed up on mitigating financial crime in Asia. Deloitte will use the IBM Counter Fraud Management (CFM) platform to deliver advanced financial crime data analytics services across the region. IBM CFM is an integrated set of solutions that are designed to address all phases of enterprise financial crime measures. A modular set of analytics, intelligence, and visual technologies will expand and reinforce the fight against financial crime.
Please see below selected recent intelligence about innovation. Please contact Dominic Kelleher with any questions.
- The Innovation Union Scoreboard 2015 for the European Union showed that innovation performance has been stalling in the last year. The impact of the economic crisis has become visible for several member states and overall there is a mixed picture, with 13 Member States presenting a declining innovation performance and 15 Member States improving their performance compared with last year.
- In an interview with the British-American Business Council, the Boston consulting Group discussed how the changing relationship of strategy and innovation requires new things of leaders. Traditionally, strategy and innovation were treated as different activities. Strategy was about the things you could plan. And there was a lot that you could plan, with confidence, in the relatively stable period from the 1960s up to the mid-1980s. Innovation was more about the unplannable, the occasional leaps in imagination and creativity in products or technology that renewed the strategy. But with the increasing dynamism and unpredictability of today's business environment - driven by technology, globalisation, and other factors - innovation has become increasingly vital to success, and strategy and innovation are converging. In many cases, innovation has become the heart of strategy.
- Harvard Business Review claimed that, despite massive investments of management time and money, innovation remains a frustrating pursuit in many companies. Innovation initiatives frequently fail, and successful innovators have a hard time sustaining their performance. Why is it so hard to build and maintain the capacity to innovate? The reasons go much deeper than the commonly cited cause: a failure to execute. The problem with innovation improvement efforts is rooted in the lack of an innovation strategy.
Please see below selected recent intelligence about technology. Please contact Dominic Kelleher with any questions.
- MIT Technology Review published its lists of the 50 Smartest Companies in 2015. Massive solar panel factories, fertility treatments and friendly robots are among the companies reshaping the technology business.
- The majority of organisations fail to have a uniform process for archiving data types, according to analysis by the Computer Business Review. Businesses are failing to capture potential revenues due to poorly managed data archives. Large volumes of data are resulting in many organisations being unable to successfully leverage the value in their data archives. However, a subset of organisations which are successfully leveraging the data are making as much as $10m more in revenue due to streamlined IT and customer service operations. Research published by Iron Mountain, "Mining for Insight: Rediscovering the Data Archive", an IDC white paper, showed that organisations with a well-defined data archive process stand to realise value from cost savings and added revenue from monetising the archives.
- The emerging Internet of Things (IoT) is demanding new initiatives toward enterprise architecture, data services and integration, according to a survey of 675 application developers, which finds broad support for IoT initiatives, but a lot of work ahead. The study, conducted by Harbor Research and underwritten by Progress, found that at least 45% of developers are working on IoT initiatives, and 75% felt IoT is going to deliver positive results. However, at this point, only 50% of developers say they have the skills, resources and technological tools to deliver on IoT expectations, the survey finds. That's because there are many new moving parts that will need to be added to already complex IT infrastructures.In fact, nearly a third experience data overload and feel overwhelmed trying to manage it all when managing data sets for contextualised IoT apps,
- The Era of Living Services report from Accenture and Fjord, described how brands will use the Internet of Things and powerful data analytics to create services that come to life; predicting and reacting to consumers’ changing needs and circumstances. In other words, branded services that are personalised and change in real-time for every individual wherever they are and whatever they are doing. It looked at the effect Living Services will have on most aspects of our lives – from our homes, finances and work; to our health, shopping and the future of travel.
- By 2020, 62% of organisations will be running 100% of their information technology in the cloud. But younger startup companies are already close to that point. That’s the prediction from BetterCloud, which surveyed 1,500 of its customers to determine what direction they will be taking cloud in the next few years. Currently, 12% of companies run all of their IT in the cloud, so it looks like this number will quintuple over the next five years.
- London is the technology capital of Europe, with more than 1,000 “tech investment projects” started between 2005 and 2014 based in London, while only 281 are in Paris, the next most popular city in Europe, the data from professional services firm EY2 reveals. Below Paris were Dublin with 162, Madrid with 139 and Amsterdam with 126 start-ups. According to a report by Oxford Economics, London's digital technology sector has grown by 46 per cent since the Tech City UK programme was launched, with tech companies based in the capital now employing almost 200,000 people.
- Deloitte predicts that in 2015 one billion wireless Internet of Things (IoT) devices will be shipped, up 60% from 2014, and leading to an installed base of 2.8 billion devices. The IoT-specific hardware (which could be a more expensive cellular modem, or a much cheaper Wi-Fi chip) is likely to be worth $10 billion, and the associated services enabled by the devices worth about $70 billion. Services include all of the data plans that may be necessary to connect a device over a network, the professional services (consulting, implementation, or analysing the data) and then things like an insurance policy discount for a telematics device in a car or a wearable device for health purposes.
- Ventana Research recently completed what it claims is the most comprehensive evaluation of analytics and business intelligence products and vendors available anywhere. Analytics and business intelligence is now a fast-changing market and Ventana scrutinised 15 top vendors and their product offerings in seven key categories: usability, manageability, reliability, capability, adaptability, vendor validation and return on investment.
- The Internet of Things is rapidly building connections between devices, starting with wearables, cars and appliances. A recent report from Gartner forecast that, “4.9 billion connected things will be in use in 2015, up 30 percent from 2014, and will reach 25 billion by 2020.” Breakthroughs have been made with regard to processing chips and internet speed that are making IoT a reality. 20 years ago, the cloud technology that is current driving these changes did not exist, but today the Internet of Things is being compared to the Industrial Revolution.