article thumbnail

Innovative Strategies for Effective R&D Budgeting

Innov8rs

Imagine you have a piggy bank. The dynamic nature of R&D, coupled with rapid technological advancements and shifting market demands, adds another layer of complexity to the budgeting process. Peer benchmarking also requires available, accurate data and for comparisons to be made with similar companies only.

article thumbnail

#2,048 – 2021 Breakthrough Nominee: Vision AI

Greatest. Idea. Ever.

” And if the field continues to progress it could become the next great digital frontier as information technology continues on its progression from the world wide web to mobile apps to whatever comes next. Rather than receive a bank statement in the mail you could view it on the web. Provide reports, comparisons, and analysis.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why should your company be a Business to Experience company?

mjvinnovation

These companies caused an unprecedented movement in the banking sector by elevating the consumer to the role of protagonist in the process of developing new digital products and services. We talk more about this both in thi s blog post on innovation in the financial sector , and in our Meaningful Banking e-book.

Company 52
article thumbnail

Is your company up for disruption? Possibly not

David Marks

Disruptive technologies and upstarts are wrecking havoc far and wide, they warned, and (unless you hire us) you will be the next to go. Banks, the mightiest industry said to be in peril, seem to have weathered the storm fairly well. For those slow on the uptake, there was a special trump card: Remember Kodak.

article thumbnail

Six Trends Shaping the Future of Health Care

Leapfrogging

Consumers now bear more cost for their care, so they expect new tools for comparison shopping and finding ‘value’ as they shop for healthcare. Videoconferencing technologies along with health insurance providers that are open to exploring remote care models are accelerating the trend. Precision Medicine & Genomics.

Trends 100
article thumbnail

Open Insurance: what it is and how it works

mjvinnovation

In this context, access to open APIs permits the sharing of data between different insurers, startups, banks, InsurTechs (insurance startups based on technology, inspired by the Fintech model) and other organizations. These technological innovations are enabling the development of Open Insurance practices.

article thumbnail

Why the Finance Industry Cannot Ignore Fintech Any Longer

Daniel Burrus

The incoming freight train of technological change has done little to change those who find comfort in burying their heads in the sand and considering game-changing innovations hype. The technology behind the virtual currency Bitcoin, called blockchain, has the potential to be a major game-changer in the world of finance.