Technology advances have always influenced the way humanity has evolved. However, what has changed in the recent past is the speed at which new products and services enabled by technology evolutions are created and marketed. Today, an individual with a brilliant idea can raise a multimillion-euro business by choosing the right tools to design the target products for delivering a powerful user experience.
When did you last finish reading a book and think, “What a pity I’ve finished that brilliant book already”? Perhaps you were even tempted to start at page one all over again? This might happen to you when you finish "Think Again" by Adam Grant.
In the recent past, technology advances have passed the tipping point much faster, leading to viable commercialization in shorter innovation cycles. Compelling events, such as we are currently experiencing with COVID-19, reinforce this process with the effect that the speed of innovation is accelerated and becomes a matter of weeks rather than years, as it was before the virus outbreak.
Future business will be conducted more and more on platforms like marketplaces and the development of marketplaces can be observed along the evolution of web technologies. We’ve followed the whole evolution, starting with static websites providing information. The next evolution was to generate social context and vertical specialization. Matching transactions were then the next logical step, where entire marketplaces were created to bring supply and demand together. The on-demand experience grew with the effect of more marketplace use cases to the point of creating their own business models based on marketplace orchestration.
In our online world every use of technology leaves behind a digital footprint, which can be useful. By definition, information-based business models are fueled by any traceable digital footprint created by a human being, a component, a machine or a service. Additionally, technologies like low-code or no-code environments, which lead to an increased use of software, do reinforce productivity in the provision of services. Related data-processing becomes the fuel of such a hyper-productive machine.
Startups have a much higher developmental velocity and eventually become meaningful market players fast.
When we look at examples of startups or new market entrants appearing to gain market share, the reaction of established companies has sometimes been remarkably complacent.
Get insights about how digital and web technologies are leading to changing consumer behavior: for a future customer-centric or better human-centric service provision companies may need to be way more transparent about environmental aspects in their value proposition and how their products contribute to societal progression.
We live in an increasingly engineered world – in the digital age. But we operate business models, as if we were still in the industrial age – with linear growth. Many of you know about the exponential growth of hardware performance also expressed in Moore's Law. Even on the Top500-List of the most powerful HPC clusters, there are now increasingly commercial applications. In addition, low-code and no-code platforms are finding their way into areas outside of pure software development. This enables fast and flexible application possibilities - without programming skills.
Every time we approach the top management of a new prospect to talk about IT, technology or the currently very prominent subject of digital transformation, we have to retrace several steps in the evolutionary history of IT before we can engage our client in a meaningful conversation about their IT strategy. It has become a bit of a running gag how far back we have to get in the history of IT.
Payments processing is not just with COVID-19 becoming increasingly digital and we wonder what it needs to make digital payments happen in urban environments as well, not just for the sake of health safety but also for ease of use and the exploration of new business models arising with digital footprints being left in any interaction.
When we deal with new customer prospects for the first time, our initial approach is quite similar to the traditional interpretation of financial KPIs and this is exactly where problems begin: this approach is intended for companies that have emerged from the Industrial Age and thus, does not reflect the value drivers of the Information Age i.e. data become an asset that actually has no maturity and, unlike machines, their intrinsic value can even increase over time if created through network effects.
Our Executive Partner Janet will lead the Urban Mobility Council of the EUTEC Chamber and will help to create a shared vision for the sustainable development of #mobility and the #city.
One of her main areas of focus is to help bridge the gap between #technologies, companies, administrations, #entrepreneurs, research institutions and others to promote a dialogue to co-create urban solutions for the world we live in.
We are incredibly proud that our Executive Partner, Maria Jose Perea Marquez has been appointed as Council Chair for Digitalization of the EUTEC Chamber, this is another testament for our values!
We are excited to call attention on this visionary think-tank and on Marias inspiring ideas and visions she is going to share.
We are incredibly proud that our MD Axel Holle has been appointed as German Chapter Board Member of the EUTEC Chamber, this is also a testament for our values.
We can't wait to shape the future of European tech, together
We are absolutely thrilled about our new advocacy for the EUTEC Chamber. We are eager to support the ambition of the EUTEC, to enable European businesses using their technologies for the benefit of Europe and humanity.
Have a look at LD7s take-aways and structured playbook for corporate transformation journeys.
Technological advances have always impacted on the way companies run their business. In the industrial age, organizations were successful if they understood how command and control chains, together with highly efficient manufacturing processes, led to predictable business growth in well-known market development cycles. Creating economic value for shareholders and owners was of utmost importance and was quite often pursued as a short-term objective.