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You can't burn data

Jeffrey Phillips

As the concept of digital transformation takes root, you may frequently hear comparisons between data and oil. This comparison was strong enough to lead Wired magazine to define data as the new oil in a magazine article some years ago. On the surface, this comparison seems to make some sense.

Data 157
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First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

What makes more sense: To be the first player in a brand new market, able to be the first (or only) company which customers buy from? To wait until other companies have proven there is a market for a new offering, and then quickly develop and scale your own? And competition has its advantages. There are proponents of both camps.

Strategy 257
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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. Meaningful Banking: Banks bet on technology to focus on user experience. -->. Because there is no competition between the terms.

Company 52
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Discontinuous Innovation: Transforming Industries & Creating New Markets

Qmarkets

The power of discontinuous innovation lies in its ability to transform not just business operations but also market landscapes, offering immense opportunities for companies that dare to lead the charge. In the book, Christensen distinguishes between two types of innovation: sustaining innovation and discontinuous innovation.

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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Without it, our companies would fail to grow and evolve with the ever-changing markets that we are serving. While innovation is pertinent, it is often misunderstood and as a result, many companies fail to reap the benefits of it at its best. Innovation — a necessary component of any successful business in the modern world.

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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Without it, our companies would fail to grow and evolve with the ever-changing markets that we are serving. While innovation is pertinent, it is often misunderstood and as a result, many companies fail to reap the benefits of it at its best. Innovation — a necessary component of any successful business in the modern world.

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At the digital transformation and innovation crossroads

Jeffrey Phillips

Digitalization will just lead on to digital transformation - including the underlying technologies, better use of the data that is generated but more importantly radical change of business models. Today most car companies make money selling cars (and make most profits in financing those sales) to individuals who own the car as an asset.