article thumbnail

New Business Designs can be delivered through a Business Ecosystem Approach.

Paul Hobcraft

When looking at radically different thinking and design in business, where Ecosystems become central, you need to ask yourself what industries would benefit from such an alternative design and thinking due to the changing complexities and challenges they are facing. Manufacturing: Challenges: Industry 4.0

Design 147
article thumbnail

COVID-19: The digital transformation catalyst of banking business models

The BMI Lab Blog

The banking industry faces change, probably in a never known pace and relevance than before. Although COVID-19 had a positive impact on some banks due to a high increase in asset trading volumes and associated commissions, it also acts as a transformation catalyst. The trend towards a hybrid banking customer is continuing.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Ten Modern Examples of Bad Assumptions

Destination Innovation

Year 2000 Computer Bug: There were dire predictions and anticipation of widespread computer failures at the turn of the millennium due to the Y2K bug led to massive expenditures and preparations, but the actual impact was minimal. Iraq War 2003: The U.S. He was given a 150-year prison sentence in 2009.

Examples 169
article thumbnail

Change the Bank: banking industry rules are changing

mjvinnovation

We have already mentioned the importance of the cycle of Run the Bank to Change of Bank and how urgent it is to monitor these transitions to remain competitive. Open Banking is a game-changer that alters the entire configuration of the banking sector. Why then, is there still resistance to Changing the Bank?

Change 52
article thumbnail

Mastering the Art of Virtual Team Communication: Strategies for Success

Leapfrogging

Another challenge is the potential for information overload due to the plethora of communication channels like emails, instant messaging, and virtual meetings. Additionally, the risk of technology fatigue is heightened with virtual teams. Security : Ensure chosen platforms offer robust security features to protect company data.

Strategy 100
article thumbnail

The Top 5 Technology Trends That Will Drive Innovation in 2018

hackerearth

Innovation is never easy, and in today’s world where everything is becoming digital, innovation is technology first and quite complex. photo editing software), and technology push (e.g. Samsung Galaxy with touchscreen technology in 2012). Whatever your business model, emerging technologies will be a key driver.

article thumbnail

IIoT Myth: IIoT Technology is Always Insecure

Taivara

IIoT Myth: IIoT Technology is Always Insecure. by Taivara , Technology Innovation. IIoT technology actually can be secure. Every new technology goes through this stage in its beginning. When consumers hear these stories, they become wary of new technology. The same is happening with IIoT technology.