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 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.