article thumbnail

Digital Twins: what it is, how it works, and the advantages of this technology

mjvinnovation

What Digital Twins Technology is and How It Works. Originally, this term was coined by Dr. Michael Grieves in 2002. So, what is this technology? Lessons are learned and opportunities are discovered within the virtual environment that can be applied to the physical world – ultimately, to transform your business.

article thumbnail

Digital transformation examples

Board of Innovation

Learn how to start small: the art of minimum viable products. 2 Reasons: to accelerate the market and to make their technology the standard. Sector: Oil & Energy Company: Eaton Learn more: Source Freemium Remote sensing Anomaly detection GE using 3D-printing to make parts for it’s new Leap Engine. 5 times stronger.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Third Place and the Starbucks empire: the user experience at the heart of strategy

mjvinnovation

In 2002, in his book Celebrating the Third Place , Oldenburg classified the “popular coffee shop chain” as a facsimile of a third space, citing its “high volume and fast turnover operations that present an institutional environment at an intimate level.”. Then customers started asking for places to sit and more food options.

article thumbnail

Become proactive instead of reactive with Future Designs

mjvinnovation

Scenarios are stories about society, technology, and issues emerging in a specific future setting. They are narrative descriptions of what that future is like, including it’s social, technological, economical, environmental and political aspects, what we refer to as the STEEP framework. I hope we’ve learned the lesson.

Design 59
article thumbnail

Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. Learn more about business model innovation? But what is the “secret sauce” of winning athletes and companies? Is it just pure talent, work ethic, sponsoring, vision and training? KG Magretta, J.

article thumbnail

A brief history of work, innovation and skills in the UK

Wazoku

Advances in mechanisation, mass production and, more recently, technology have shaped where and how we work, as well as what we produce. A new era of work and technological change. New technology in the home made it easier for women to do paid work, relieving them of time-consuming housework. The digital revolution.

article thumbnail

Has COVID-19 led us into a Collapse scenario?

mjvinnovation

Scenarios are stories about society, technology, and issues emerging in a specific future setting. They are narrative descriptions of what that future is like, including it’s social, technological, economical, environmental and political aspects, what we refer to as the STEEP framework. em MJV Technology & Innovation.