1. The document discusses how digital disruption is transforming industries and discusses five forces driving digital transformation: computing power growth, APIs, artificial intelligence, internet of things, and blockchain.
2. It notes that financial services are next to be disrupted and discusses how exponential growth of technologies is reducing company lifespans.
3. The document outlines how Kiwibank is responding to digital disruption by going back to startup roots, embracing fintech, evolving their brand, and focusing on the future.
The document discusses how artificial intelligence is transforming businesses and humanity. It provides an overview of how AI is being applied in various areas like marketing, supply chain management, manufacturing, and customer service to create significant economic value. Case studies are presented on how AI has added value to businesses and how every brand is becoming more conversational. The future of AI companies is discussed, noting they have different scaling and business models than traditional software companies and involve continued human support of AI systems. The document emphasizes the huge opportunities but also risks of AI for humanity.
Kopi Chat Deep Dive: Big Data and Artificial Intelligence @Blk71 Singapore BLOCK71 Singapore
Takeaways from our Kopi Chat Deep Dive series where we explored how Big Data and Artificial Intelligence is being currently applied with a panel of speakers from the government sector, industry leaders, business founders and venture capitalists. Thank you for joining us and watch this space for more Kopi Chat Da Bao!
How Technology Has Transformed The WorkforceBluewolf
The rapid adoption of mobile, cloud, and social technologies has caused a major shift in the IT landscape and the makeup of its workforce. The omnipresence of these technologies in peoples' daily lives and in the workplace has ignited IT staffing budgets and the job market for IT Pros. Stephany Samuels, Senior VP, Bluewolf, discusses the technology skillsets that are in the highest demand for 2012. In addition to the Q4 hiring outlook for IT professionals, we share strategies for hiring and retaining top tech talent.
On October 11, 2016, Tom Haak of the HR Trend Institute gave a lecture on HR Trends for the students of the minor Managing International Teams and Organisations of the University of Applied Sciences in Amsterdam. These are the slides he used.
VHMA Annual Meeting: Anticipatory Leadership in the 'Fast Future'Bill Sheridan, CAE
Recent research says our business environment will be characterized by “unprecedented, massive and highly accelerated change” through 2025. To thrive in this new age of hyper-change and growing uncertainty, it is now imperative that leaders learn a new skill – how to accurately anticipate the future. This session will show you how to anticipate future trends and move from being a crisis manager to an opportunity manager. At the end of the session, participants will set actionable steps to elevate and accelerate their organization’s strategy.
This document discusses strategies for companies to drive innovation both internally and externally. It recommends having separate divisions focused on incremental improvements (Horizon 1) and more disruptive innovations (Horizon 2 and 3). Companies should balance resources between exploiting current business models and exploring new opportunities. External collaboration is important when an industry is changing rapidly or internal culture doesn't support risk-taking. The document outlines processes for generating ideas, building prototypes, getting customer feedback, and scaling successful innovations. Speed is key, so companies need discipline and repeatable processes to translate ideas into products.
The document discusses how artificial intelligence is transforming businesses and humanity. It provides an overview of how AI is being applied in various areas like marketing, supply chain management, manufacturing, and customer service to create significant economic value. Case studies are presented on how AI has added value to businesses and how every brand is becoming more conversational. The future of AI companies is discussed, noting they have different scaling and business models than traditional software companies and involve continued human support of AI systems. The document emphasizes the huge opportunities but also risks of AI for humanity.
Kopi Chat Deep Dive: Big Data and Artificial Intelligence @Blk71 Singapore BLOCK71 Singapore
Takeaways from our Kopi Chat Deep Dive series where we explored how Big Data and Artificial Intelligence is being currently applied with a panel of speakers from the government sector, industry leaders, business founders and venture capitalists. Thank you for joining us and watch this space for more Kopi Chat Da Bao!
How Technology Has Transformed The WorkforceBluewolf
The rapid adoption of mobile, cloud, and social technologies has caused a major shift in the IT landscape and the makeup of its workforce. The omnipresence of these technologies in peoples' daily lives and in the workplace has ignited IT staffing budgets and the job market for IT Pros. Stephany Samuels, Senior VP, Bluewolf, discusses the technology skillsets that are in the highest demand for 2012. In addition to the Q4 hiring outlook for IT professionals, we share strategies for hiring and retaining top tech talent.
On October 11, 2016, Tom Haak of the HR Trend Institute gave a lecture on HR Trends for the students of the minor Managing International Teams and Organisations of the University of Applied Sciences in Amsterdam. These are the slides he used.
VHMA Annual Meeting: Anticipatory Leadership in the 'Fast Future'Bill Sheridan, CAE
Recent research says our business environment will be characterized by “unprecedented, massive and highly accelerated change” through 2025. To thrive in this new age of hyper-change and growing uncertainty, it is now imperative that leaders learn a new skill – how to accurately anticipate the future. This session will show you how to anticipate future trends and move from being a crisis manager to an opportunity manager. At the end of the session, participants will set actionable steps to elevate and accelerate their organization’s strategy.
This document discusses strategies for companies to drive innovation both internally and externally. It recommends having separate divisions focused on incremental improvements (Horizon 1) and more disruptive innovations (Horizon 2 and 3). Companies should balance resources between exploiting current business models and exploring new opportunities. External collaboration is important when an industry is changing rapidly or internal culture doesn't support risk-taking. The document outlines processes for generating ideas, building prototypes, getting customer feedback, and scaling successful innovations. Speed is key, so companies need discipline and repeatable processes to translate ideas into products.
Bob Williams- Business Strategies of Past and FutureErika Marr
The document discusses how the rate of change in technology is accelerating and disrupting business strategies and jobs. Some key points:
- Jobs will be redefined or eliminated at an increasing rate, with 50% of US jobs at risk of automation by 2020 according to one study. Industries like manufacturing, food service, retail, and finance are especially at risk.
- Organizations will need to flatten structures with fewer employees taking on more roles. Speed of response and requirements for agility will increase.
- Education and job skills will need to continually adapt to focus more on skills like critical thinking that are hard to automate. Lifelong learning will be important.
- To prepare, businesses should integrate
Successful digital transformation has more to do with people than technology. Presented at Scot-Tech / Digit's Digital Future's conference, 23 Feb 2017
The document discusses how Chicago has built an ecosystem to become a top technology center. It outlines the size and importance of Chicago's technology industry. It then describes how Chicago lacked connections between different technology players in the past. However, it has now built an ecosystem through connecting different parts of the industry, collaborating on shared goals, communicating opportunities, opening collaboration with universities, influencing government, and finding funding sources. The Illinois Technology Association has played a key role in driving this ecosystem, growing from 100 to 700 members in 5 years.
Craig Rispin for Crowe Horwath 14 April 2016 - BaliCraig Rispin
The document discusses how technology is changing exponentially faster than people think linearly. It summarizes a book about how technology will transform the work of human experts and professions. It also discusses a study on why strategic plans tend to fail due to a lack of understanding future trends.
The document discusses how businesses must adapt to constant disruption in today's digital world. It notes that the business model, data model, and platform model have all changed, and that conditions are more fluid with technology evolving at an exponential rate. Businesses need to be adaptive to succeed and have short-term plans instead of long-term strategies. The document advocates for creating an "adaptive business" that can continuously innovate and adapt in response to changes, rather than seeing digital transformation as a project with a clear start and end.
By 2015, 1.19 billion people or 35% of the global workforce will be mobile. This document discusses how technology has made it easier than ever for entrepreneurs to start businesses by finding niches, sourcing products, building brands, accepting payments, outsourcing tasks, and managing global teams. The author, Mohamed ali BELHADJ, expresses gratitude for these opportunities now available to entrepreneurs.
Thought Leader Session Epicenter May 3rd 2016Joakim Jansson
Presentation in English held at Epicenter in Stockholm the 3rd of May 2016. How to Lead Digital Transformation in a Large Company. Includes an overview of our methodology for digital transformation. The Digital Maturity Matrix.
Digital Transforming the Philippines in the world of AI, Data and 4IREarl Martin Valencia
Earl Valencia is the founder of Valence Enterprises, which aims to incubate and accelerate ideas, companies, and leaders that use technology and innovation to "democratize exclusivity" across Asia, especially the Philippines. Some key goals include promoting outsourcing services from the Philippines to Silicon Valley, creating financial technology startups, and educating leaders on digital transformation. Valencia discusses both opportunities and challenges for the Philippines given emerging technologies, and suggests focusing on skills training, diversifying the outsourcing industry, developing digital infrastructure, inspiring startups, and collaborating across sectors.
LISTEX 2018 Winter Exchange: Jonathan Andrew - Digitisation: Opportunities to...listex_uk
Digitisation is a seemingly all-encapsulating process of transformation and change. The shift from the analog and the physical toward digital products and services offers huge scope for reinvention and creativity in exploiting the potential of Big Data. How can digitisation's promise be truly realised? Which strategies are likely to deliver in marketing while avoiding the hazards of investing resources in a confusing line-up of ever evolving platforms, apps and media channels? This presentation provides insights into effectively leveraging digitisation as a tool for your business’s growth.
On October 13, 2016, Tom Haak of the HR Trend Institute gave a keynote at "HR on the Move 2016", organised by AOG School of Management. This is the pack of slides he used.
This document discusses how organizations can thrive during digital disruption by reinventing their core offerings, building real online relationships, and bringing their brand purpose to life. It emphasizes the importance of relevancy to new consumers, transitioning from products to platforms, humanizing big data, and treating customers like people rather than numbers. Two case studies are presented: Online Relationship Managers, which used personalized assistants to build digital relationships; and Home Hunter, a mobile-first home lending process that automated complex paperwork. Both were recognized for innovative customer-centric designs and experiences. The conclusion emphasizes imbuing company values, partnering where needed, enabling deep organizational change, and keeping real people at the center.
Winning Business Models for Mobile Remittances by Hugo Cuevas-Mohr, Mohr Worl...Mahindra Comviva
The right business model is the primary success factor to grow the share of the mobile and other digital channels. The presentation covers successful business models in the digital remittance space by Hugo Cuevas-Mohr, Mohr World Consulting
Learn about how remittance challenges have grown as electronic payment usage has continued to grow. Learn about how the movement to electronic payments and remittances has created benefits for accounts payable but created a cash application challenge for those in accounts receivable. Created by Centreviews Business Intelligence Suite.
The document discusses a trading bot app called My Cash Bot that is connected to an inside option broker. It provides instructions for depositing funds into both the bot and broker accounts. It then wishes users good luck and profitable ventures. It also provides information about international money transfer service TransferWise, how it saves money on fees compared to banks, its positive reviews, and supported countries and currencies.
Coming to America: How to Set Up Shop in the U.S.Ott Ilves
This document introduces the panelists for a discussion on successfully moving a business from Europe to the United States. The panelists are the co-founders of TransferWise, Pipedrive, and Falcon Social, who will share their experiences and lessons learned in topics such as choosing US markets, maintaining company culture across offices, and avoiding common mistakes. TransferWise is a peer-to-peer money transfer service founded in 2010 in London that opened an office in New York in 2015. Pipedrive is a sales CRM software company founded in 2010 in Estonia that opened its first US office in Menlo Park, California in 2011. Falcon Social provides social media management software founded in 2010 in Copenhagen that opened
Hiring great people and maintaining a positive company culture takes significant effort but is essential for growth. Some key points:
Great talent is scarce and must be actively recruited through one's network. Candidates are attracted to exciting missions, good compensation, and new challenges.
Hiring is time-consuming as interviews cannot be outsourced or rushed. It is tempting to prioritize work over hiring, but this hinders growth.
When hiring, assess if candidates can do the work, involve multiple reviewers, and make timely negative decisions. Look for self-starters who will improve team averages and shape desired culture.
Culture is shaped by consistent actions, requires nurturing, and people should be hired to
This document is a deposit note from TransferWise confirming a 1,000 GBP deposit that was exchanged to Indonesian Rupiah. The deposit was made on July 11, 2016 at 22:20 GMT. After deducting a 14.78 GBP fee, the recipient in Indonesia received 16,766,779.38 IDR based on an exchange rate of 1 GBP to 17018.31 IDR. The deposit details include the recipient's Indonesian bank account number and name, as well as the UK account and details where the original 1,000 GBP deposit was made.
TransferWise is a new money transfer service that allows individuals and businesses to transfer money between countries at a lower cost than traditional providers like banks and Western Union. It uses a peer-to-peer model to facilitate currency exchanges locally in each country, keeping costs low. TransferWise charges 0.5% on most routes with no hidden fees, compared to 4-6% charged by traditional providers. It aims to provide fully transparent pricing based on real mid-market exchange rates. The company was founded in 2010 by former Skype employees and is backed by prominent investors like Peter Thiel.
Bob Williams- Business Strategies of Past and FutureErika Marr
The document discusses how the rate of change in technology is accelerating and disrupting business strategies and jobs. Some key points:
- Jobs will be redefined or eliminated at an increasing rate, with 50% of US jobs at risk of automation by 2020 according to one study. Industries like manufacturing, food service, retail, and finance are especially at risk.
- Organizations will need to flatten structures with fewer employees taking on more roles. Speed of response and requirements for agility will increase.
- Education and job skills will need to continually adapt to focus more on skills like critical thinking that are hard to automate. Lifelong learning will be important.
- To prepare, businesses should integrate
Successful digital transformation has more to do with people than technology. Presented at Scot-Tech / Digit's Digital Future's conference, 23 Feb 2017
The document discusses how Chicago has built an ecosystem to become a top technology center. It outlines the size and importance of Chicago's technology industry. It then describes how Chicago lacked connections between different technology players in the past. However, it has now built an ecosystem through connecting different parts of the industry, collaborating on shared goals, communicating opportunities, opening collaboration with universities, influencing government, and finding funding sources. The Illinois Technology Association has played a key role in driving this ecosystem, growing from 100 to 700 members in 5 years.
Craig Rispin for Crowe Horwath 14 April 2016 - BaliCraig Rispin
The document discusses how technology is changing exponentially faster than people think linearly. It summarizes a book about how technology will transform the work of human experts and professions. It also discusses a study on why strategic plans tend to fail due to a lack of understanding future trends.
The document discusses how businesses must adapt to constant disruption in today's digital world. It notes that the business model, data model, and platform model have all changed, and that conditions are more fluid with technology evolving at an exponential rate. Businesses need to be adaptive to succeed and have short-term plans instead of long-term strategies. The document advocates for creating an "adaptive business" that can continuously innovate and adapt in response to changes, rather than seeing digital transformation as a project with a clear start and end.
By 2015, 1.19 billion people or 35% of the global workforce will be mobile. This document discusses how technology has made it easier than ever for entrepreneurs to start businesses by finding niches, sourcing products, building brands, accepting payments, outsourcing tasks, and managing global teams. The author, Mohamed ali BELHADJ, expresses gratitude for these opportunities now available to entrepreneurs.
Thought Leader Session Epicenter May 3rd 2016Joakim Jansson
Presentation in English held at Epicenter in Stockholm the 3rd of May 2016. How to Lead Digital Transformation in a Large Company. Includes an overview of our methodology for digital transformation. The Digital Maturity Matrix.
Digital Transforming the Philippines in the world of AI, Data and 4IREarl Martin Valencia
Earl Valencia is the founder of Valence Enterprises, which aims to incubate and accelerate ideas, companies, and leaders that use technology and innovation to "democratize exclusivity" across Asia, especially the Philippines. Some key goals include promoting outsourcing services from the Philippines to Silicon Valley, creating financial technology startups, and educating leaders on digital transformation. Valencia discusses both opportunities and challenges for the Philippines given emerging technologies, and suggests focusing on skills training, diversifying the outsourcing industry, developing digital infrastructure, inspiring startups, and collaborating across sectors.
LISTEX 2018 Winter Exchange: Jonathan Andrew - Digitisation: Opportunities to...listex_uk
Digitisation is a seemingly all-encapsulating process of transformation and change. The shift from the analog and the physical toward digital products and services offers huge scope for reinvention and creativity in exploiting the potential of Big Data. How can digitisation's promise be truly realised? Which strategies are likely to deliver in marketing while avoiding the hazards of investing resources in a confusing line-up of ever evolving platforms, apps and media channels? This presentation provides insights into effectively leveraging digitisation as a tool for your business’s growth.
On October 13, 2016, Tom Haak of the HR Trend Institute gave a keynote at "HR on the Move 2016", organised by AOG School of Management. This is the pack of slides he used.
This document discusses how organizations can thrive during digital disruption by reinventing their core offerings, building real online relationships, and bringing their brand purpose to life. It emphasizes the importance of relevancy to new consumers, transitioning from products to platforms, humanizing big data, and treating customers like people rather than numbers. Two case studies are presented: Online Relationship Managers, which used personalized assistants to build digital relationships; and Home Hunter, a mobile-first home lending process that automated complex paperwork. Both were recognized for innovative customer-centric designs and experiences. The conclusion emphasizes imbuing company values, partnering where needed, enabling deep organizational change, and keeping real people at the center.
Winning Business Models for Mobile Remittances by Hugo Cuevas-Mohr, Mohr Worl...Mahindra Comviva
The right business model is the primary success factor to grow the share of the mobile and other digital channels. The presentation covers successful business models in the digital remittance space by Hugo Cuevas-Mohr, Mohr World Consulting
Learn about how remittance challenges have grown as electronic payment usage has continued to grow. Learn about how the movement to electronic payments and remittances has created benefits for accounts payable but created a cash application challenge for those in accounts receivable. Created by Centreviews Business Intelligence Suite.
The document discusses a trading bot app called My Cash Bot that is connected to an inside option broker. It provides instructions for depositing funds into both the bot and broker accounts. It then wishes users good luck and profitable ventures. It also provides information about international money transfer service TransferWise, how it saves money on fees compared to banks, its positive reviews, and supported countries and currencies.
Coming to America: How to Set Up Shop in the U.S.Ott Ilves
This document introduces the panelists for a discussion on successfully moving a business from Europe to the United States. The panelists are the co-founders of TransferWise, Pipedrive, and Falcon Social, who will share their experiences and lessons learned in topics such as choosing US markets, maintaining company culture across offices, and avoiding common mistakes. TransferWise is a peer-to-peer money transfer service founded in 2010 in London that opened an office in New York in 2015. Pipedrive is a sales CRM software company founded in 2010 in Estonia that opened its first US office in Menlo Park, California in 2011. Falcon Social provides social media management software founded in 2010 in Copenhagen that opened
Hiring great people and maintaining a positive company culture takes significant effort but is essential for growth. Some key points:
Great talent is scarce and must be actively recruited through one's network. Candidates are attracted to exciting missions, good compensation, and new challenges.
Hiring is time-consuming as interviews cannot be outsourced or rushed. It is tempting to prioritize work over hiring, but this hinders growth.
When hiring, assess if candidates can do the work, involve multiple reviewers, and make timely negative decisions. Look for self-starters who will improve team averages and shape desired culture.
Culture is shaped by consistent actions, requires nurturing, and people should be hired to
This document is a deposit note from TransferWise confirming a 1,000 GBP deposit that was exchanged to Indonesian Rupiah. The deposit was made on July 11, 2016 at 22:20 GMT. After deducting a 14.78 GBP fee, the recipient in Indonesia received 16,766,779.38 IDR based on an exchange rate of 1 GBP to 17018.31 IDR. The deposit details include the recipient's Indonesian bank account number and name, as well as the UK account and details where the original 1,000 GBP deposit was made.
TransferWise is a new money transfer service that allows individuals and businesses to transfer money between countries at a lower cost than traditional providers like banks and Western Union. It uses a peer-to-peer model to facilitate currency exchanges locally in each country, keeping costs low. TransferWise charges 0.5% on most routes with no hidden fees, compared to 4-6% charged by traditional providers. It aims to provide fully transparent pricing based on real mid-market exchange rates. The company was founded in 2010 by former Skype employees and is backed by prominent investors like Peter Thiel.
Enabling value delivery at TransferWiseAlvar Lumberg
Transferwise is a company that brings fairness to finance by moving money internationally. It was started by two guys, Edgar and Alvar, with a single webapp and has since grown to move £1 billion in the first quarter of 2016. For speed of delivery, Transferwise operates as independent autonomous teams with full ownership over their code and systems. Their DevOps approach involves teams being responsible for building, running, and monitoring their own services from idea to retirement with rapid feedback from production.
Payment - Presentation by Taavet Hinrikus, Co-Founder of TransferWise at the NOAH 2014 Conference in London, Old Billingsgate on the 13th of November 2014.
This week was the first of my personal Giving Back campaign. I had the very humbling chance to lecture in an International Business School in South of France. 3 classes, 5 hours, sharing my experience as an expat, what to expect, what to watch out for, the highs and lows of living in a different country, the struggles and the rewards - personal and professional, etc...
Decision support system for financial liquidity planningErik Kaju
This document summarizes a Master's thesis on developing a decision support system for financial liquidity planning at TransferWise. The thesis aimed to build a minimum viable product using information technology to potentially enhance TransferWise's liquidity planning process. It analyzed both internal factors like account balances and external factors like exchange rates and volume trends that influence demand. Time series analysis and computational models were used to generate visualizations and forecasting algorithms. A prototype was implemented and tested with the next steps proposed to include more factors and enhance the algorithm based on efficiency tests compared to human forecasting.
Best practice-ek: NEObankok, FinTech bankok és egyéb digitális kiskedvencekFinTechAkademia
Napjainkra a digitális technológiák okozta disintermediation elérte a pénzügyi iparágat is. Egyre több fiatal jön újabb és újabb megközelítésekkel. Ebből született a fintech. Mi történik ma valójában? Platformosodás, uberizáció, P2P megoldások. Mit tanulhatunk a YouTube, a Skype, a Facebook példáiból? Mi az új megközelítés a Transferwise, a Venmo, a Loot, az Earnest, a Holvi, a Robinhood, vagy a Revolut példáikban?
The Mission Driven Startup - how building a culture around your cause can help build a product that grows itself
#Startup, #Technology #Growth #FinTech
Alvar Lumberg has 10 years of experience in software development and has been an active proponent of Agile and XP methodologies for 5 years. He helped start two online communities called minut.ee and cafe.ee. In his free time, he enjoys activities like hiking, bicycle touring, and photography.
The 10x Effect - Unlocking the Business Transforming Secrets of Exponenital10x Nation
Our world is on the precipice of a major paradigm shift in business.
The age of cumbersome corporate giants is coming to a close. And the age of the agile exponential business is coming online.
The pace and scope of growth in technology has made the status quo model of scarcity-centered business almost completely obsolete.
On the flip side, these ever-accelerating technologies are allowing abundance-minded businesses to do far more with far less.
Embracing exponential practices like cloud computing, crowd-sourcing, and staff-on-demand have allowed a new generation of companies to experience unprecedented growth, scalability, and agility.
But how can embracing these exponential changes affect positive change in your business?
20 most innovative companies in Fintech IndustrySumit Roy
Global fintech financing has more than trebled in the past three years to an estimated US$3 billion annually and the level of innovation in the financial services sector has been unprecedented over the past 12 months. The level of spend and intensity of focus will – and already has – led to the development and release of products and solutions that will change the way customers view and interact with their financial services
Presentation at FPA Conf (Naperville, IL Sept 1, 2015)Jeffrey R. Carter
The document summarizes the growing startup scene in Chicago. It notes that Chicago has seen a 101% increase in venture capital funding from 2013-2014, compared to 85% in Silicon Valley. Recent exits include a $800 million exit for PayPal in 2013 and a $350 million exit for Nordstrom in 2014. The document highlights resources for startups in Chicago like accelerators, coworking spaces, and angel investor groups. It provides tips for angel investors, such as typical deal structures, industries that angels like/dislike, common mistakes angels make, and the benefits of investing through a fund to gain exposure without as much work.
This document discusses the concept of Silicon Cape, an initiative aimed at fostering an ecosystem in South Africa's Western Cape region that would attract entrepreneurs, startups, talent, and investors to create a high-tech innovation hub. It outlines some of the key ingredients already present in the region, like universities and lifestyle, and argues that with the right people and environment, the Cape could become a technology powerhouse on par with Silicon Valley. The initiative is positioned as a non-profit effort to promote the region through branding, highlighting startup activity, engaging with government, and accelerating investment to help South Africa become a net exporter of intellectual property and talent.
This document provides tips for fundraising from startup founders Roland Yau and Sze Lok Chan. It discusses generating competition to create urgency for investors, fundraising in parallel rather than sequentially, having a clear fundraising narrative focused on what you do and why it's compelling, and prioritizing relationships with people over firms. It also notes how the pandemic has changed fundraising, with examples of deals done virtually during this time. The tips emphasize being fully prepared before fundraising and cultivating connections with investors in advance.
Leading into the Third Industrial RevolutionRobin Teigland
This document discusses emerging trends in technology, business, and society that are driving changes in how value is created and knowledge is shared. These trends include the rise of mobile access, cloud computing, big data, 3D printing, cryptocurrencies like Bitcoin, crowdfunding, and sharing platforms. Existing institutions and organizations face challenges in keeping up with the pace of change enabled by new technologies and more collaborative/open models of innovation. Questions are raised about how assumptions around value creation and money may need to change in the future.
The Canary in the Coalmine - What governments need to learn from SocialGerrie Smits
Doing social media right is one thing. But the underlying dynamics of social and the impact it has had can teach us much more about where the world is heading. So governments shouldn't just figure out what to do on Facebook, but ask more fundamental questions.
I gave this talk at Social Media Week Rotterdam 2015.
Huy Nguyen Trieu gave a presentation on opportunities in financial technology and blockchain. Some of the key points discussed included:
- Fintech is an exciting area as technology continues to transform many sectors, including finance, which facilitates commerce. Innovations in fintech will exceed expectations.
- While the vision for technologies like blockchain is clear, making them a reality will take longer than expected as consensus and regulation need to be addressed. It may be difficult for institutional finance to disrupt.
- There are opportunities in both developed and developing markets, though developed markets face challenges of inertia and preference for incremental changes over disruption. Developing markets can leapfrog technologies.
- Exciting fintech companies
Venture capital is a major driver of Israel's startup economy. Some key points:
1) Israel has over 4,000 high-tech companies and receives around $2 billion in venture investments and $2.5 billion in mergers and acquisitions annually.
2) Successful venture capital funds in Israel can generate returns of 30x on their investments by backing startups that go on to IPOs or acquisitions worth over $300 million.
3) For a startup to attract venture capital, it needs a viable business model, a solution to a real problem, and a capable founding team with a realistic plan for scaling.
The Evolution From Management From Leadership to CreativeshipMonster
We’ve evolved from Management to Leadership, and now need to evolve to Creativeship, defined as the necessity to create an organizational culture that can compete and thrive in this new era.
The combination of technological advances (including social media), globalization, shifting economic drivers, government intervention, vastly different motivational drivers within different generations, and the emergence of social responsibility is leading to a pronounced shift in the definition of leadership.
Over the past 25 years, we have seen the shift from managing things, data, process (management) to leading people (leadership).
Going forward, leaders will now need to focus on Creativeship – defined as creating sustainable cultures.
This presentation will push you to think differently on how best to flourish in this era of speed, technological advances, and innovation.
Key take-a-way points include:
* Why you need to link your employment brand to your product or service brand
* Importance of thinking global
* Why and how to leverage social media
* Best practices to boost innovation, speed, technology, engagement, purpose, inclusion, collaboration, and engagement
This document discusses digital transformation and dealing with digital disruption. It outlines several models of digital disruption, including the glass house, the package, the frog, the gatekeeper, the traveler, the participant, and the cyborg. It emphasizes that disruption is real and companies must be prepared to transform by developing a vision, digital leadership, innovation practices, and a culture open to change. The key takeaway is that disruption is happening and companies should proactively model and plan for transformation rather than reacting to changes.
The document discusses how the internet has negatively impacted various aspects of society and culture. It argues that the internet prioritizes fast profits over quality, atomizes attention, is not truly democratic, and promotes groupthink over dialogue. However, it suggests that brands could play a positive role by focusing on purpose rather than just sales, and that new creative processes are needed to build a better digital future.
Multiple-channel business model
Bridging service innovation in China
Abstract:
Since the 1960s, design has shifted from manufacturing, market, and now to a customer-focused era. We have undergone the Industrial Age and the Information Age, and now are at the “Smart Age”. In western worlds, these three ages were iterated one after another. However in China, this evolution
was accelerated by “joint innovation”. In this intersected age, neither just having online nor offline model can fix the issues that we have in user experience and service. With this, we witness service design with multiple-channel business model emerging in front of people’s eyesight.
Innovation:
At this great SDN event, Cathy and Xue will provide a glimpse of the unique characteristics of service innovation process in china for guests from all parts of the world through interaction and co-creation. With their 13 years of abundant project experience, they hold a deep interpretation and sharp sense of connections and challenges among industries. Additionally, they have gained a wealth of insight on trends and road paths in China while rubbing shoulders with many industry leaders. No doubt their sharing will amaze the audience and ignite a round of heated discussion.
Funding ideas in a globally connected world – a social approachTomé Duarte
Crowdfunding allows groups of people to financially support projects and ideas by individuals or organizations. It provides a free and inexpensive way for projects to get funding through online platforms, with the ability to reach a wide audience and gather supporters. While it has seen successes in helping fund startups, creative projects, and other ventures, some questions remain around its long term impact and how to best leverage its social aspects.
This document provides lessons and advice for starting a new business or startup. It discusses raising money, hiring great teams, and time management. Some key points:
- Raising money is challenging - most VC funds only 6 out of 1,000 plans and 60% of funded startups fail or are acquired.
- When raising money, have a clear vision and concise plan. Don't be desperate and it's worth waiting for the right investor.
- Hiring is critical - seek a mix of generalists and specialists. Have senior leaders interview and avoid inflated titles.
- Time management is important for entrepreneurs. Balance "either/or" thinking and launch when ready.
Building Businesses of The Future To Change The World_Sodan Selvaretnam_Drape...ChangeTheMachine
The document outlines a presentation on building businesses of the future. It discusses how businesses have transformed from relying on economies of scale and slow innovation to an environment with increased opportunities for entrepreneurs and shorter lifecycles for companies. The presentation emphasizes developing a vision for changing the world, using data and observation to guide decisions, and focusing on fundamentals like business models and execution over hype. Key pillars for building the future are identified as vision, data, creativity, and execution.
Building 21st Century Businesses for Success_Sodan Selvaretnam_Draper Univers...ChangeTheMachine
This was a talk given by Sodan Selvaretnam at Draper University on July 18, 2016. This presentation focusses on the changing business landscape, tools to succeed in building businesses and an internal + external focus to sustainably win the markets of the future.
I Was A Guest Lecturer at Yeditepe University MBA Program in TurkeyFahri Karakas
Dr. Gulzhanat Tayauova has invited me to her MBA class at Yeditepe University.
I presented on "Creativity, Imagination, and Innovation". It was an intense lecture, a bit long, but I ended up covering a lot of topics from blockchain to Metaverse.
You can find the slides of this presentation.
Enjoy!
Entrepreneurship: Global Transformation EngineDonna Harris
1. The document discusses how entrepreneurship has fueled major industrial revolutions throughout history including the current Internet revolution.
2. It notes that we are nearing a time when anyone, anywhere can create the next massively high growth company due to declining startup costs and the availability of resources online.
3. Early stage venture investing is also undergoing disruption in favor of entrepreneurs through more transparent and standardized processes as well as new models like crowdfunding and syndicates.
4. Socially driven disruption is upending major industries like education, healthcare and energy by applying peer-to-peer models, presenting opportunities around the world.
Our changing world: Four trends set to impact how we lead in the future. A presentation by Futurist Adam Jorlen for the Holos Group Real Leadership Program in Melbourne, Australia July 2012.
Similar to Digital Disruption NZ 2016 conference - Becoming an ambidextrous organisation b (20)
Digital Disruption NZ 2016 conference - Becoming an ambidextrous organisation b
1. It’s
Ours.
Insights from Kiwibank’s
digital business journey
Digital Disruption Summit, August 17 2016, Auckland
• Digital disruption moving into new industries
• Why this is happening – the five forces driving an internet step-change
• What this means for organisations
• How Kiwibank is responding
peter.fletcher-dobson@kiwibank.co.nz @peterfd
10. Perils of being on the wrong track
from here…
…to hereHow do
organisations
move
Traditional organisations can’t keep up with competitors using business,
and operating, models on exponential trajectory
14. 2. APIs enabling platform businesses
Companies like Facebook, Twitter and Xero used APIs to turn killer apps
from products into platforms
Graph by ProgrammableWeb
26. What if…?
• FX was as instantaneous and free as a “cross-border email”
• 70% of small landowners globally are protected from unscrupulous dictators
• Half a trillion dollars in remittance fees instead of going in transaction fees went
to people who needed the money
• Musicians were automatically and directly paid as soon as their music was
downloaded
• The provenance of any produce or product was instantly and immutably
trackable
28. Act like a genius
“The test of a first-rate intelligence is the ability to hold
two opposed ideas in mind at the same time and still
retain the ability to function.” F Scott Fitzgerald
29. Being an ambidextrous organisation
Horizon model from The Alchemy of Growth, Baghai, Coley and White, 2000
29
1
“Optimise
the
business”
2
“Evolve new
capabilities”
3
“Invent
future
business”
Growth
Horizon 1
Known
Horizon 2
Partially known
Horizon 3
Unknown
Time to
impact
40. Take outs
1. World is changing at an exponential rate – more change in next 30 years
than in past 100
2. We believe New Zealand is ideally placed to leverage these global changes
3. Not about a digital strategy – but a strategy for a digital world
4. Being ambidextrous the new normal for organisations
5. Use constraints to maximum advantage
6. You can’t plan your way to or wait for the perfect place
Millennial company by age
Two years older than Facebook, four years younger than Google
Grown from 0 customers to 900,000 since 2002
Now in teenage years as a maturing business
Purpose evolved from breaking a cartel of Australian banks to become strategically important bank for NZ
Control of NZ capital in NZ
Delivered through Kiwis making kiwis better off and delivering independence. To our customers and NZ
There have been a bunch of industries and businesses disrupted by digital
Financial Services is the next
90-100 FinTech start ups circling, in this case, Wells Fargo.
From payments, to insight to lending and more
Global Fintech investments in 2015 grew by 75% to US$22.3 billion
In Asia-Pacific, US$4.3 billion
China US$1.97 billion
India US$1.65 billion.
Why?
Technology advances – particularly in the financial industry. Digital currencies; artificial intelligence; quantum computing are driving innovation at speeds rivalling Moore’s Law.
Barriers to entry– plug and play models are lowering barriers to entry in number of industries being reduced constantly by the availability of robust but inexpensive global platforms and services. In comparison traditional supply chains for many industries, particularly finance, are often slow and unwieldy
What is means: If you’re around for only a decade then you have a choice of either fast and furious or evergreen
Fortune 500 company takes 20 year
Google 8 years
Facebook 5 year
Uber 3 years
Occulus rift 2 years
Gordon Moore in 1965.
Computer technology growing by powers of 10 – progressing more each hour than it did in entire first 90 years
Computer speed (per unit cost) doubled every three years between 1910 and 1950, doubled every two years between 1950 and 1966, and is now doubling every year.
1910 minutes per operation – now its billions of calculations per second
Aggregating information data via APIs to disrupt industries by turning products into platforms – without having to own any assets or even employees (Uber)
Mondo got banking licence in August 2016
Digital only start up
Built tech stack and business in 18 months based on APIs
In any other bank a link saying API on public site would go to a press release…
In Mondo it goes into the API
Customers can log in and create new products and services
Like a bank giving the keys to IT department to customers – which of course is impossible
Truly disruptive; on different trajectory and absolutely confronting to encumbents
IBM Watson
Ingested 600,000 pieces of medical evidence
2m pages of medical journals
Search 1.5m patient records
Would take a human 160 hours reading a week – week is only 168 hours long
Watson successful diagnosis for lung cancer is 90%, human doctors 50%
Saved life of Japanese leukaemia patient this year
Job examples
Lawyers – Ross
Psychologist – Ellie
HR – Flatpi
Webdesigner
34 billion devices connected to the internet by 2020, up from 10 billion in 2015.
IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 billion.
Nearly $6 trillion will be spent on IoT solutions over the next five years.
Tom Coates has a number of sensors scattered around his home to help identify and track all of this information.
These include several Belkin WeMo switches to help control the lights, as well as a Twine device to track temperature and moisture.
Blockchain disrupts trust on the internet
Been around 8 years
Combined with other forces it will move the internet from place to transfer content and information to transfer of assets and value
Major stepchange
The Blockchain is a new technology first seen with Bitcoin that creates digital trust between people who don’t know each other.
Previously a trusted middle party – bank, lawyer, auditor, stock exchange
Previously a database, central record or ledger.
Expensive, slow, potential for mistakes or corruption
Decentralised network
Transaction given to the network to validate
Some members of the network validate the transaction using maths – solving cryptographic puzzle in effect
Transaction appended to a block, sealed and added to chain of blocks
All members get copy of the Blockchain
To alter you would need to alter each member’s copy
Immutable; instantaneous; P2P, transparent
Decentralized ridesharing service — what some are now calling the ‘Uber killer’. It cuts out the corporate middlemen — and make government regulations obsolete — by transparently providing rider and driver with clear information about the other party to each transaction, including a strong reputation and ratings system where riders and drivers ‘level up’ after community-vetted good behavior on the platform.
With Slock.it, the unused bicycle in the shed gets a new lease on life.
Parking spots can be sublet on demand.
Airbnb apartments become fully automated.
Slock.it bridges the blockchain and the physical world by making smart contracts enforceable:
It's the future infrastructure of the Sharing Economy.
ASX looking at Blockchain to replace existing clearing and settlement system. Sydney SX looking at same. Instantaneous clearing, no need to hold billions of dollars overnight to clear.
Five forces are overwhelming.
And it’s clear that many of us have been struggling to keep up.
Take a leaf out of this book.
Beauty of being a strategy adviser is that while you can’t rewire your own brain, you can persuade your organisation to do just that
As Kiwibank has grown we have more regulatory and operational overheads. Can’t ask same people to run and also transform their business
We have new constraints with technology change - Core Banking replacement being one
How do we Optimise, evolve and reinvent at the same time
If you look at the model with wrong mindset it looks like a linear progression to reinvention. But it’s not. You have to do all three at once.
And if you attempt to rewire your business you’ll probably find like me that’s a real issue for a lot of people in your organisation
This is a way of dealing with the unknown
The more certain you are of the outcome the more you can predict a result – the less certain the less predictable
It’s about having a culture; mindset and operating model that can be fast, iterative across the spectrum but tailored for different outcomes
Because this exponential change is so new, many leaders still have the mindset of putting in place a plan (normally three years) to gradually build your way to a place where you have everything ready to transform.
Yeah?
But it’s like my first (and last!) bungy jump last year where, at this point, I actually asked the guy (with his thumb in my back) is now the right time?
So you can’t plan it or wait for it. Particularly now of all times in business. You have to be bold, gutsy and just do it. And it’s scary.
For Kiwibank even more so as we are also replacing our core banking engine, which will take time and a lot of it resource. We’re in a constrained environment.
But that’s forcing us to look at different ways of achieving our digital aims.
Creating operating model and culture that can deliver to Horizon 2 and 3 outcomes
Changing operating model
Using Spotify-inspired squad, guild, chapter model
Agile processes, working out loud
Designing from the outside in
Fast, iterative
Blurring the line between IT and Business
Embracing fintech.
Banqer came from start up weekend.
Been connected with them from then – but really just trying to get out of their way.
We wanted a financial literacy offering for school children and they had the better idea.
We’re open to doing a lot more with fintech.
We are also partnering with Government to help reinvent how you can join a bank digitally.
So a bit like Mondo, but with video selfie and biometric technology to create a digital ID process that will enable customers to join and be up and transacting purely through their smartphone.
We’ve had a squad working on reinventing how Everyday banking may work in the future.
In a platform driven world you may actually do your banking with a bot on Facebook.
And we’re looking even further out to change the conversation around Kiwisaver.
It was just a dollar number in your internet banking – with GMI’s Kiwiwealth we’ve done a first in New Zealand by incorporating robo advice into Kiwisaver to show customers what that dollar figure really means for their retirement
And how they can change it at the click of a button.
New Zealanders love tech and are world leaders in mastering technology and often creating unique use cases. It’s no accident we lead the world in electronic payments, our smartphone penetration is in the top 10%. We split the atom for goodness sake.
The table stakes are accepting that this change is already happening and at a pace that is rendering old business models obsolete.
Constraints can be a blessing – makes you think differently. For us it’s more about how we partner more effectively and don’t go internal. Go where the customers are.
Also accept there is never a perfect time. You will never be ready. Just jump.