Predictive tools can help companies gauge when new technologies will take off
It’s not easy to peer into the future and spot emerging technologies or innovations that could reshape an entire industry. But what if some companies could see around the corner better than others? For executive teams and boards of directors, the ability to predict if, and how fast, new technologies will take off would be invaluable.
A handful of utilities and oil and gas companies, for example, realised that fracking technology would disrupt the industry long before analysts and the rest of the world started talking about that shift. They were watching for a critical signal that fracking would become financially viable, and it came in 2007, three years ahead of the shale gas boom. Anticipating a pivotal shift in the market, these companies positioned themselves to take advantage of the shale revolution.
New technologies often prompt a vision of sweeping change long before we know if they are viable, or how many years it will take to bring them to market. Scientists, economists and other experts foresee robots taking over jobs in service industries; genetic engineering revolutionising agriculture; labgrown meat supplanting the animal protein industry; autonomous vehicles becoming the new mode of transportation, with fleets of driverless cars replacing individual vehicle ownership and eliminating millions of truck driving jobs; and the Internet of
Things revolutionising manufacturing. Each of these innovations looks capable of dramatically altering whole industries. And some technologies, such as those that create platforms, can disrupt markets far beyond traditional industry boundaries.
Bu hikaye CEO India dergisinin August 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye CEO India dergisinin August 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Five Ways To Win The Consumer Of 2030, Now
To win the data and technology-enabled “smart consumer” of tomorrow, discover the five things every consumer-facing business must do right now
TWENTY FOR ‘20
WILL THE NEW DECADE BE AS TRANSFORMATIVE AS THE LAST? EY EXAMINES THE QUESTIONS THAT WILL SHAPE THE NEXT DECADE
ROBOTS ON THE MOVE
THE MARKET FOR PROFESSIONAL SERVICE ROBOTS IS POISED TO TAKE OFF WITH A VENGEANCE, FUELED BY NEW DEVELOPMENTS IN 5G TELECOM SERVICES AND AI CHIPS
POST-DIGITAL CULTURE SHOCK
COMPANIES AROUND THE WORLD ARE FOCUSING ON DIGITAL TRANSFORMATION, BUT MANY ARE OVERLOOKING THE CULTURE CHANGE NECESSARY FOR SUCCESS
FROM LOCAL TO GLOBAL
Winning sales organisations excel at these five essential capabilities
Shooting for the Stars
MANFRED BAUMANN SHARES HIS INSIGHTS INTO PROFESSIONAL PORTRAITURE
FLYING WHILE BLIND
I AM NOT ONLY AN EXPERIENCED TRAVELER; I AM AN EXPERIENCED BLIND PERSON…
THE ALCHEMIST OF HOSPITALITY
Puneet Chhatwal, the CEO and MD of Tata Group’s hospitality arm Indian Hotels Company, talks about how his company is reimagining and repositioning some of its most renowned brands, raising the hospitality bar, with an eye on the evolving customer and emerging concepts and trends
Robots Can Go All The Way To Mars, But They Can't Pick Up The Groceries?
In the popular imagination, robots have been portrayed alternatively as friendly companions or existential threat. But while robots are becoming commonplace in many industries, they are neither C-3PO nor the Terminator. Cambridge researchers are studying the interaction between robots and humans – and teaching them how to do the very difficult things that we find easy.
How To Create A Growth Mindset?
A growth-oriented mindset must be cultivated among the employees for business growth and sustenance. It requires a good understanding of people and what drives them