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Learn how new age technologies have impacted, and are impacting key industries, and how your business too can benefit.
Manufacturing, one of the oldest industries known to mankind, has gone through several transformational changes in every successive industrial revolution. But none of these changes have been as sweeping or revolutionary as the impact digitization is making. The influence of a mobile, connected and on-demand consumer life style is placing huge evolutionary demands on an industry that was once defined by mass production at high efficiency and low cost. Threats are emerging from unexpected dimensions: a ride sharing service like Uber can today pose an existential threat to a Honda or a Ford, by doing away with the need to own a car.
The impact of digitization is most evident and widespread in the financial services industry. This, in spite of the fact that truly disruptive technologies such as blockchain are yet to gain widespread acceptance. But when they do, they will alter the financial services industry landscape permanently, with little resemblance to the past. Phenomena such as unbundling, where smaller and nimble digital competitors chip away at a monolithic business are causing rapid churn in the market. The combination of convenience and low cost is an irresistible magnet for customers, and incumbents will need to ramp up their digital efforts if they need to retain customers.
We’re moving from a generation which values ‘things’ to a generation that values ‘experiences’. Nowhere else is this trend as evident as in our buying habits. Not so long ago, we prized our possessions and took care of it – it was intended to last several years, and ideally, a life time. Not anymore. Today, it is all about seamless experiences that are nothing like we have seen before. Case in point is Amazon’s vision for shopping with Amazon Go – you enter into a store where you pick up what you need and leave, without having to wait in a checkout line or pay your bills. Of course, you are billed, it is completely automatic...
Nowhere is the potential for transformation as evident as in the healthcare and life sciences vertical. This is something we are seeing on a daily basis – wearables now provide a wealth of information to consumers, as well as care givers and health care organizations. This data can be used to predict potential problems before they become matters of concern, as well as provide personalized, targeted treatment. Once expensive scans and imaging techniques are now becoming cheap and easily accessible thanks to mobile devices and the cloud. Hundreds of billions of dollars in potential revenue are at stake, to be captured by digitally transformed incumbents or by digital start-ups.
Manufacturing, one of the oldest industries known to mankind, has gone through several transformational changes in every successive industrial revolution. But none of these changes have been as sweeping or revolutionary as the impact digitization is making. The influence of a mobile, connected and on-demand consumer life...
The impact of digitization is most evident and widespread in the financial services industry. This, in spite of the fact that truly disruptive technologies such as blockchain are yet to gain widespread acceptance. But when they do, they will alter the financial services industry landscape permanently, with little resemblance to the past...
We’re moving from a generation which values ‘things’ to a generation that values ‘experiences’. Nowhere else is this trend as evident as in our buying habits. Not so long ago, we prized our possessions and took care of it – it was intended to last several years, and ideally, a life time. Not anymore. Today, it is all about seamless experiences...
Nowhere is the potential for transformation as evident as in the healthcare and life sciences vertical. This is something we are seeing on a daily basis – wearables now provide a wealth of information to consumers, as well as care givers and health care organizations. This data can be used to predict potential problems before they become...
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