Open Insurance - Unlocking Ecosystem Opportunities For Tomorrow’s Insurance I...Accenture Insurance
For early adopters, open insurance offers new revenue streams, increased customer engagement and continued market relevance.
Learn more: https://www.accenture.com/us-en/insights/insurance/open-insurance
By 2020, the world could look quite different than it does today. What is driving these unprecedented shifts in our global society? How will government adapt to keep up with the changing needs of its citizens?
To learn more, visit: http://deloi.tt/1ITr9eh
Data-driven cognitive technologies will enable personalised education and improve outcomes for students, educators and administrators. Ultimately, education experiences will be transformed and improved when data can accompany the students throughout their life-long learning journey.
What is the future of education? Find out soon from our next #IBMfuturEd study.
- Learn to understand what knowledge graphs are for
- Understand the structure of knowledge graphs (and how it relates to taxonomies and ontologies)
- Understand how knowledge graphs can be created using manual, semi-automatic, and fully automatic methods.
- Understand knowledge graphs as a basis for data integration in companies
- Understand knowledge graphs as tools for data governance and data quality management
- Implement and further develop knowledge graphs in companies
- Query and visualize knowledge graphs (including SPARQL and SHACL crash course)
- Use knowledge graphs and machine learning to enable information retrieval, text mining and document classification with the highest precision
- Develop digital assistants and question and answer systems based on semantic knowledge graphs
- Understand how knowledge graphs can be combined with text mining and machine learning techniques
- Apply knowledge graphs in practice: Case studies and demo applications
Open Insurance - Unlocking Ecosystem Opportunities For Tomorrow’s Insurance I...Accenture Insurance
For early adopters, open insurance offers new revenue streams, increased customer engagement and continued market relevance.
Learn more: https://www.accenture.com/us-en/insights/insurance/open-insurance
By 2020, the world could look quite different than it does today. What is driving these unprecedented shifts in our global society? How will government adapt to keep up with the changing needs of its citizens?
To learn more, visit: http://deloi.tt/1ITr9eh
Data-driven cognitive technologies will enable personalised education and improve outcomes for students, educators and administrators. Ultimately, education experiences will be transformed and improved when data can accompany the students throughout their life-long learning journey.
What is the future of education? Find out soon from our next #IBMfuturEd study.
- Learn to understand what knowledge graphs are for
- Understand the structure of knowledge graphs (and how it relates to taxonomies and ontologies)
- Understand how knowledge graphs can be created using manual, semi-automatic, and fully automatic methods.
- Understand knowledge graphs as a basis for data integration in companies
- Understand knowledge graphs as tools for data governance and data quality management
- Implement and further develop knowledge graphs in companies
- Query and visualize knowledge graphs (including SPARQL and SHACL crash course)
- Use knowledge graphs and machine learning to enable information retrieval, text mining and document classification with the highest precision
- Develop digital assistants and question and answer systems based on semantic knowledge graphs
- Understand how knowledge graphs can be combined with text mining and machine learning techniques
- Apply knowledge graphs in practice: Case studies and demo applications
Digital economy and law keynote by Jude UmehJude Umeh
Setting the Scene Keynote address at the Digital Economy and Law Conference, organised by ACEPI (the Portuguese marketing association), in Lisbon, November 2013
When, Where & How AI Will Boost Federal Workforce Productivityaccenture
Accenture developed an economic model to understand how AI will impact the U.S. federal workforce, through automation and augmentation. Learn more: https://accntu.re/3hsRG8O
Manufacturing is changing at a rapid pace and Industrial Tech startups are popping up everywhere.
What do you need to benefit from these developments and to ride the wave of change in manufacturing.
Creating the Intelligence Driven Digital Enterprise Accenture
“Artificial Intelligence, Automation and Cognitive Enterprise are no Longer a Tech Dreamer’s Imagination” Keynote Presentation on the impact of AI and Robotics on businesses and society
Cognizant Community Europe 2017: Mastering Digital: Navigating the Shift to t...Cognizant
Executives gathered at Cognizant’s flagship European thought leadership conference heard how digital technologies in general and AI in particular are poised to generate significant economic growth.
Companies are blurring the line between business and personal—blazing a new trail for future growth. Accenture outlines five critical tech trends, from artificial intelligence, extended reality to data veracity and explains how Oracle can help enterprises embrace them.
www.digitalistmag.com – People, businesses, and societies are interacting in ways previously unimagined, reinventing business models and forever altering how the world economy operates. To adapt, thrive and innovate in this new Digital Economy, it is imperative that organizations understand the opportunities and threats that will impact the future of business.
This presentation is a compilation of 99 facts, quotes and predictions on the major innovations and transformations that are defining the Digital Economy, future of work, new customer experience expectations, and need for resource optimization. Each fact represents a key insight, and suggests an opportunity to focus and change to become a more viable, sustainable and growing future business.
SustainTech framework - how emerging technologies can help meet the demand fo...Lapman Lee ✔
SustainTech - how emerging technologies can help meet the demand for transparency and trust in ESG investments to meet United Nations Sustainable Development Goals (SDG)
Going Digital: General Electric and its Digital TransformationCapgemini
How can a company that is over a century old transform itself to thrive in a digital economy?
For GE, responding to change is part of its modus operandi. This is a company that has famously made change a core capability and a constant in its history. For over 120 years, GE has ploughed forward under a banner of “Building, powering, moving and curing the world. Not just imagining. Doing.” This constant focus on innovation and transformation has made the company the only one to still remain in the Dow Jones Industrial Index since the original index was established in 1896.
GE is betting big on software and analytics to bring about its transformation, with Jeff Immelt stating: “I took over an industrial company, now it will be known as an analytics company”. GE’s focus on data analytics was clear back in 2012 when it set aside up to $1.5 billion for small take-overs to boost its presence in analytics. GE currently monitors and analyzes 50 million data elements from 10 million sensors on $1 trillion of managed assets daily to move customers toward zero unplanned downtime.
GE’s digital transformation is not the result of being in the right place at the right time. Instead, it is the result of a structured approach that involved a strong top-down digital vision, capability development, achieving all-round buy-in and a constant focus on innovation.
While many digital natives, from FaceBook to Uber, continue to take much of the limelight, this 120-year-old giant of the corporate world shows that digital agility is not just confined to the new Millennial corporates.
The Grand Challenge Project is currently underway as a collaboration between the RCA School of Design and CERN.
The Grand Challenge is a unique project that involves all 1st-year School of Design Students from the Fashion, Textiles, IDE, GID, Service Design, Product Design and Intelligent Mobility Programmes; about 380 students, the biggest students cohort ever involved in an RCA project.
Running for 8 weeks in partnership with scientists from CERN, the project is exploring four key themes (Health and Wellbeing, Digital Disruption, Energy, Infrastructure and the Environment; Social and Economic Disparity).
This is a talk being given at the start of the second week of the project to share some of the key insights from 2018 Future Agenda projects that will help to provoke debate and innovation across the four themes.
Our Technology Vision team partnered with Accenture Research to survey 6,381 executives across 9 roles and 18 different industries in 25 countries to pinpoint the emerging technology developments that will have the greatest impact on companies, federal government and public service agencies, and other organizations over the next three years. Explore the most significant trends affecting federal government today. Learn more: https://accntu.re/2xui27M
Digital, Data & Analytics, Disruption in DealsAnand Rao
Presentation at the PwC Midwest Deals Summit by Dr. Anand Rao, John Sviokla and Andrea Fishman.
The presentation looks at impact of digitization, data and analytics and the disruption they cause in retail, healthcare, agribusiness, and financial services. We look at how this is leading to more deals across the spectrum from large M&A's to private equity to venture capital
AI & India : The potential to be the next global centre of innovationUmakant Soni
The combination of a large and rapidly growing mobile-internet connected population along with startups being able to access their data along with open-source intelligence research means they can leverage decades of research, apply it to data, and pipe the results to build context-aware, predictive and extremely personalised business models.
This can be built on intelligent process automation and forecasting frameworks for speed and precision. Overall, these businesses will have potential for step-changes in operational efficiency and effectiveness in understanding and fulfilling customer needs.
This is especially so in India, where small screens on many smartphones can create vast pools of data to power AI. By further automating business decisions through machine learning, and surfacing them through smart, intelligent interfaces, these startups will disrupt older technologies and traditional businesses – based on heuristical approaches – and can emerge as “new category leaders”.
As demand for digital talent reaches a crescendo, CIOs are increasingly embracing an Uber-like approach to filling key technical roles throughout their organizations.
Digital economy and law keynote by Jude UmehJude Umeh
Setting the Scene Keynote address at the Digital Economy and Law Conference, organised by ACEPI (the Portuguese marketing association), in Lisbon, November 2013
When, Where & How AI Will Boost Federal Workforce Productivityaccenture
Accenture developed an economic model to understand how AI will impact the U.S. federal workforce, through automation and augmentation. Learn more: https://accntu.re/3hsRG8O
Manufacturing is changing at a rapid pace and Industrial Tech startups are popping up everywhere.
What do you need to benefit from these developments and to ride the wave of change in manufacturing.
Creating the Intelligence Driven Digital Enterprise Accenture
“Artificial Intelligence, Automation and Cognitive Enterprise are no Longer a Tech Dreamer’s Imagination” Keynote Presentation on the impact of AI and Robotics on businesses and society
Cognizant Community Europe 2017: Mastering Digital: Navigating the Shift to t...Cognizant
Executives gathered at Cognizant’s flagship European thought leadership conference heard how digital technologies in general and AI in particular are poised to generate significant economic growth.
Companies are blurring the line between business and personal—blazing a new trail for future growth. Accenture outlines five critical tech trends, from artificial intelligence, extended reality to data veracity and explains how Oracle can help enterprises embrace them.
www.digitalistmag.com – People, businesses, and societies are interacting in ways previously unimagined, reinventing business models and forever altering how the world economy operates. To adapt, thrive and innovate in this new Digital Economy, it is imperative that organizations understand the opportunities and threats that will impact the future of business.
This presentation is a compilation of 99 facts, quotes and predictions on the major innovations and transformations that are defining the Digital Economy, future of work, new customer experience expectations, and need for resource optimization. Each fact represents a key insight, and suggests an opportunity to focus and change to become a more viable, sustainable and growing future business.
SustainTech framework - how emerging technologies can help meet the demand fo...Lapman Lee ✔
SustainTech - how emerging technologies can help meet the demand for transparency and trust in ESG investments to meet United Nations Sustainable Development Goals (SDG)
Going Digital: General Electric and its Digital TransformationCapgemini
How can a company that is over a century old transform itself to thrive in a digital economy?
For GE, responding to change is part of its modus operandi. This is a company that has famously made change a core capability and a constant in its history. For over 120 years, GE has ploughed forward under a banner of “Building, powering, moving and curing the world. Not just imagining. Doing.” This constant focus on innovation and transformation has made the company the only one to still remain in the Dow Jones Industrial Index since the original index was established in 1896.
GE is betting big on software and analytics to bring about its transformation, with Jeff Immelt stating: “I took over an industrial company, now it will be known as an analytics company”. GE’s focus on data analytics was clear back in 2012 when it set aside up to $1.5 billion for small take-overs to boost its presence in analytics. GE currently monitors and analyzes 50 million data elements from 10 million sensors on $1 trillion of managed assets daily to move customers toward zero unplanned downtime.
GE’s digital transformation is not the result of being in the right place at the right time. Instead, it is the result of a structured approach that involved a strong top-down digital vision, capability development, achieving all-round buy-in and a constant focus on innovation.
While many digital natives, from FaceBook to Uber, continue to take much of the limelight, this 120-year-old giant of the corporate world shows that digital agility is not just confined to the new Millennial corporates.
The Grand Challenge Project is currently underway as a collaboration between the RCA School of Design and CERN.
The Grand Challenge is a unique project that involves all 1st-year School of Design Students from the Fashion, Textiles, IDE, GID, Service Design, Product Design and Intelligent Mobility Programmes; about 380 students, the biggest students cohort ever involved in an RCA project.
Running for 8 weeks in partnership with scientists from CERN, the project is exploring four key themes (Health and Wellbeing, Digital Disruption, Energy, Infrastructure and the Environment; Social and Economic Disparity).
This is a talk being given at the start of the second week of the project to share some of the key insights from 2018 Future Agenda projects that will help to provoke debate and innovation across the four themes.
Our Technology Vision team partnered with Accenture Research to survey 6,381 executives across 9 roles and 18 different industries in 25 countries to pinpoint the emerging technology developments that will have the greatest impact on companies, federal government and public service agencies, and other organizations over the next three years. Explore the most significant trends affecting federal government today. Learn more: https://accntu.re/2xui27M
Digital, Data & Analytics, Disruption in DealsAnand Rao
Presentation at the PwC Midwest Deals Summit by Dr. Anand Rao, John Sviokla and Andrea Fishman.
The presentation looks at impact of digitization, data and analytics and the disruption they cause in retail, healthcare, agribusiness, and financial services. We look at how this is leading to more deals across the spectrum from large M&A's to private equity to venture capital
AI & India : The potential to be the next global centre of innovationUmakant Soni
The combination of a large and rapidly growing mobile-internet connected population along with startups being able to access their data along with open-source intelligence research means they can leverage decades of research, apply it to data, and pipe the results to build context-aware, predictive and extremely personalised business models.
This can be built on intelligent process automation and forecasting frameworks for speed and precision. Overall, these businesses will have potential for step-changes in operational efficiency and effectiveness in understanding and fulfilling customer needs.
This is especially so in India, where small screens on many smartphones can create vast pools of data to power AI. By further automating business decisions through machine learning, and surfacing them through smart, intelligent interfaces, these startups will disrupt older technologies and traditional businesses – based on heuristical approaches – and can emerge as “new category leaders”.
As demand for digital talent reaches a crescendo, CIOs are increasingly embracing an Uber-like approach to filling key technical roles throughout their organizations.
The rapidly shifting technology environment raises serious questions on how to help their companies capitalize on the transformation under way. Advancing technologies and their swift adoption are upending traditional business models. So, today we bring you Five Hottest Tech-Enabled Business Trends in 2017.
Mining intelligent insights with ease: AI/ML for Financial ServicesAmazon Web Services
This year, the focus goes beyond technology to mining business insights around how cloud enables strategic industry trends such as Open and Virtual Banking and Insurance, Security and Compliance, Data Analytics and AI/ ML, FinTech and RegTech, Surveillance and more through sharing of best practices and use cases. In sessions led by customers, partners, industry leaders and AWS subject matter experts, you’ll learn how AWS helps financial institutions to focus on the innovation and outcomes that truly drive business forward. Business stakeholders, market makers, and technology owners will all learn something new, valuable and actionable.
The Value of Signal (and the Cost of Noise): The New Economics of Meaning-MakingCognizant
It’s a new era in business, in which growth will be driven by finding meaning and insights in data. Recent research demonstrates what separates winners from losers and how to rise to the top as a "meaning maker."
Create the engagement your customer wants and the outcomes your business needs. We had this published behind an email wall, but now making it public for everyone.
10 dynamics that will change the market by 2025Iterate.ai
Presentation created by our CEO/ Co-founder, Jon Nordmark. Take a look at how technological advancements and trends will cause 2025 to look vastly different!
10 technical trends that will dramatically change our daily lives by 2025Jon Nordmark
Technical advancements and trends will cause 2025 to look vastly different from today. This is a description of dynamic tech megatrends that are evolving fast.
This deck explains why and how AI is going to show up inside more and more consumer products. Why consumer products will have brains and memories. Why startups are flourishing and are dangerous to large companies. Why "Digital Me's," "Synthetic Me's" and "Bionic Me's" will emerge and why a large number of products will double as healthcare and wellness products. It also explains why new software development techniques will change, turning creative designers into hardcore developers.
BIG DATA is having an enormous impact on the profile of workforces around the world. If you've ever seen the technology and experienced the impact it has on the pace of innovation in a business then the predictations made by McKinsey Global Institute will come as no surprise ( and just in case you've been on holiday for around two years, McKinsey is suggesting that by 2018 the US will face a shortfall of close to 200,000 analysts and 1.5 million managers with the right skills. In this presentation I outline the impact of BIG DATA on workforce design. I hope you find it informative and fun to read. Ian.
An Conghui, president of Zhejiang Geely Holding Group and CEO of Geely Auto Group, explains the future of flying cars and the value of an international brand.
For Greg Lehmkuhl, president and CEO of Lineage Logistics, temperature-controlled supply chains for perishables are one of the world’s next great platforms.
As more and more companies in a range of industries adopt machine learning and more advanced AI algorithms, the ability to provide understandable explanations for different stakeholders becomes critical. If people don’t know why an AI system made a decision, they may not trust the outcome.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
1. strategy+business
ONLINE FEBRUARY 22, 2018
The Bionic Company
Businesses need to grow their behavior, cognitive, and
network capital to create and capture value that competitors
can’t dislodge.
BY MILES EVERSON AND JOHN SVIOKLA
2. www.strategy-business.com
2
Miles Everson
miles.everson@pwc.com
is vice chairman of PwC US and
the global advisory leader of the
PwC network. He oversees the
firm’s capabilities in consulting,
deals, and forensics. He is based
in New York.
John Sviokla
john.sviokla@pwc.com
is a principal with PwC US
and its marketing leader. He is
the coauthor of The Self-Made
Billionaire Effect: How Extreme
Producers Create Massive Value
(with Mitch Cohen; Portfolio, 2014).
During the heyday of the Industrial Revolution, few firms understood the intri-
cate dynamics of financial capital — companies that pioneered better approach-
es to business economics had a strong competitive advantage. As the 20th cen-
tury unfolded, two additional types of equity became important: human capital
(the return gained from the appropriate development and deployment of staff
and contractors), and natural capital (the manageable value of land, water, and
other environmental resources). Business success came to depend on managing
these three forms of capital effectively.
Today, with the accelerating increase of technological innovation, three more
forms of capital have become critical to creating value: behavior capital (devel-
oped by tracking ongoing activity), cognitive capital (the value inherent in algo-
rithms), and network capital (the connection points, with people and machines,
that a company can deploy). Each of these forms compounds itself in an expo-
nential way, and each also reinforces the others’ growth. We sometimes refer
to them as collectively as BeCoN capital, because they are most effective when
marshalled together. But they also are as poorly understood as financial, human,
and natural capital were at the dawn of the 20th century.
Companies that manage all six forms of capital are what could be called bionic
corporations: Some of them have gained immense value in very short amounts
of time. For example, five of the most highly capitalized companies in the U.S.
stock market are bionic: Apple, Alphabet (Google), Microsoft, Facebook, and
Amazon together account for about 13 percent of the capitalization of the entire
U.S. stock market. Bionic companies have grown rapidly without relying solely
3. www.strategy-business.com
3
on physical assets such as people and land, or even on managing funds and in-
vestments effectively. Instead, they have grown by building and linking digitally
based cross-boundary platforms that make the most of their BeCoN capital.
Let’s look more closely at the three new forms of wealth accumulation that
bionic companies deploy.
• Behavior capital is the collection and modeling of data that tracks the be-
havior of people, companies, nature, and man-made things. As an Apple watch
captures an ongoing heart rate, a GE aircraft engine records data on fuel perfor-
mance, and Google captures everything about everyone on its platform, the us-
ability of that behavioral data increases. Apple, GE, Google, and their customers
can use that information to make models of the behavior of the people and ma-
chines, and therefore improve the value of their respective activities.
• Cognitive capital is the set of algorithms (some transparent to onlookers,
others opaque) that represent the codified knowledge flows of individuals and
the enterprise in a bionic world. These algorithms are becoming sophisticated
enough to make many decisions on their own, or to start a machine-learning
process that can lead to automated, continually improving routines. For ex-
ample, the giant hedge fund Bridgewater uses artificial intelligence-based al-
gorithms to make some decisions. Its cochairman, Ray Dalio, has joked that
he is trying to reduce his staff down to one employee, and thus run entirely on
cognitive capital.
• Network capital is the set of connection points that an enterprise can use
to develop and execute a successful strategy. For example, Netflix has devel-
oped, over the years, a large group of followers who have gotten into the habit
of watching shows there — and who exchange messages with one another on
social media about what they’ve watched. This network increases the value of
Netflix’s original series, and consistently contributes to the value of its pro-
gramming. Similarly, GE held an open innovation–style competition for an
engine bracket design that would cost less than US$7,000; although its own
engineering team took part, the winner was a 21-year-old from Indonesia.
As with financial capital, each of these assets can grow in exponential fash-
ion. The exact rate of growth may vary, but it’s nonlinear; the assets grow more
rapidly than your expectations. They are also mutually reinforcing — or can at
4. www.strategy-business.com
4
least be designed to reinforce one another. You get faster growth when you put
these forms of capital to work together.
How can your company, which may be dominated by its “physical” native
composition, accomplish something similar? By finding ways to raise the value
of your own behavior, cognitive, and network capital. For example, in 2016,
when Amazon entered the auto parts retail business, its established brick-and-
mortar competitors were complacent. They assumed their customers would
always want a personal connection with the experts in their stores. But then
Amazon offered 30 percent higher premiums to auto parts manufacturers,
using network capital to guarantee itself access. The online retailer also pairs
third-party service providers in parallel with specific product sales, and tracks
its customers’ purchases (behavior capital) to drive algorithms that changed
prices and offers on the fly (cognitive capital). Major auto retailers lost signifi-
cant market capitalization.
The venture capital firm SignalFire, with about $380 million under man-
agement, has built a superior position through its BeCoN assets. SignalFire
maintains an extensive database of several types of talent: software engineers,
data scientists, and designers, among others. It has more than 10 million engi-
neers in the database and it estimates that it has profiled about 85 percent of all
the software engineers practicing in English. Its algorithms analyze where each
individual went to school, how well they did, where they worked, how success-
ful the company was, and what contributions they have made to academia or
to open-source projects through sites such as Bitbucket and GitHub. SignalFire
uses this information as a key input into its investment decision making —
along with company performance metrics — to make sure it is backing the
best teams on an absolute and comparative basis. These are teams that have not
only strong credentials but also proven track records, even if their backgrounds
are a bit unusual. SignalFire can also use these three forms of capital to predict
which people are likely to leave their employers soon, and to find connections
with those individuals. Imagine what type of advantage this gives to a firm
that might be interested in investing in technology companies.
CB Insights ingests massive amount of data to predict future trends. It pro-
cesses millions of articles, patent filings, and other documents, mixing them
5. www.strategy-business.com
5
together in one massive data management system and delivering results to its
analysts, who then publish the conclusions they reach about technological and
financial dynamics. CB Insights’s high levels of behavior and cognitive capital
and the robustness of its networks have led to the development of tools it is fa-
mous for: For example, its market maps allow anyone to look at an economic
sector (such as agricultural technology, life sciences, or construction) and see
at a glance who the top competitors are, and what they are investing in. This
enables them to be more up-to-date and faster, with a more productive staff
and more significant impact. The company’s growing network of sources and
subscribers continues to make it more influential.
GE’s aircraft engine business uses sensors built into its engines and turbines
to generate high levels of behavior capital (i.e., describing what the engine is
doing). Machine-learning algorithms conduct diagnostics and engine controls,
thus providing cognitive capital. GE’s engines around the world are in touch
with one another, generating network capital that allows insights from one en-
gine to be relevant to all. GE’s operations help it accrue and reinvest all three
forms of capital: For example, its store of data about engine behavior fans out
to staff and customers on the ground, who know more about the engine’s be-
havior than the pilots do. When it combines these assets with cognitive capital,
embedded in its software routines, GE can deliver extraordinary engine main-
tenance service with high reliability at a very low cost, requiring fewer extra re-
placement engines parked around the globe in case of breakdown. GE’s pricing
model reflects this advantage; the company sells its engines not by the unit, but
Incumbent companies that do not
develop their BeCoN capital will
find themselves on the wrong side of
the next wave of industrialization.
6. www.strategy-business.com
6
by the hour of use, just like cloud providers in the IT field do. This approach
helps the company improve its designs and make more efficient use of its field
service and design talent.
Incumbent companies that do not develop their BeCoN capital will find
themselves on the wrong side of the next wave of industrialization. If you are an
executive in an old-style company, a good place to start your BeCoN develop-
ment is by asking yourself about each of these three forms of new capital in turn.
• What do you know about your customers’ behavior (or that of the end us-
ers in your sector)? Do you capture it, analyze it, and model the ways it might
change? If not, why not?
• What can you automate using AI and advanced analytics? How can you
use systems that respond in real time to give customers faster service, better
products, and a more powerful experience?
• How can you build a network in which you are able to not only manage
your customers but leverage your deep knowledge of their behavior, provid-
ing service from other companies in your business ecosystem as well as your
own, packaged in a way that meets your customers’ needs? If you are first in
the demand chain, with the largest network, then you have a deep competitive
advantage.
Finally, while the three new BeCoN forms of capital are critically import-
ant, don’t forget about the other three. FiHuNa capital — your financial val-
ue, the human talent you develop and draw on, and the natural resources you
control — will also be critically important in the years to come. As you make
the most of behavior, cognitive, and network capital, you will reinforce your
growth in general, for all six forms of capital. Companies that haven’t built up
their BeCoN assets won’t be able to catch up. +