Companies once deemed “too big to fail” are increasingly exposed to failure. The threat of disruption is everywhere. Startups are taking on the Goliaths in every market. Scores of malls across the United States are in collapse. Many household brand names are losing ground or even shutting completely. Regardless of industry, businesses face digital Darwinism, the evolution of technology and markets. Disruption is just a matter of when, where and why. To compete, executives must make tough decisions but more so, they must look to new horizons for new insight and direction. Whether companies thrive or cower in the face of digital Darwinism is a choice.
These days, when migrants arrive at a refugee camp, one of the first things they ask for is access to WiFi and electricity to recharge their cell phones. Their smartphone is as basic a resource for survival as food and water. This is a vivid reminder of the fact that we are fully immersed in a digital world.
2016 was a big year for crowdsourcing. In our final edition of What’s New for the year, we clearly see how crowdsourcing is being used to create transparency and provide citizens with an active voice in our local governments. Crowdsourcing continues to play an important part in new product development for large and small companies, and our new capacities to collect scientific and locational data is proving to be game-changing. Check out the latest news stories from around the world.
The keyword “Industry 4.0” is no longer an empty cliché or a black box; it is currently probably the most important topic within the German economy. Not only will existing processes be revolutionized – but also new businesses and business models will arise. More and more companies have already started to tap into its potential.
Synack’s Jay Kaplan discusses how the cybersecurity startup he heads mitigates concerns stemming from the practice of using crowdsourced hackers around the world to identify vulnerabilities in the systems of private companies and government agencies that serve as customers. Synack’s safeguards include rigorous vetting and tracking, as well as placing high “bounties” on the most serious vulnerabilities.
Connectivity, collaboration, sustainability and inclusiveness were the key themes of the opening session of the high-level Leadership Summit, sponsored by TRA, UAE and moderated by Jeremy Wilks of Euronews, media partner of the Leadership Summit.