Imagine you can walk into a shop, order an item, have it customized, and after a couple of hours, you pick it up. In fact, imagine you can go into a cell phone shop, order an iPhone, and have it customized with your favorite features, such as; the camera quality, battery life, your preferred level of processors, etc. With this you get to be part of the production team and pick up your phone in a couple of hours. As a result of digitization, this figment of imagination is actually real and happening today. This digital revolution has completely redefined … Continue reading THE DIGITAL OEM

Network Effect can simply be described as when every new user or additional customer that comes onto a platform adds value to that product or service for the existing customers. Meaning the more users, the better the value of the product to the customer. Nfx.com furthers explains that with network effect, “Every new company makes the others stronger”. According to Wikipedia, a network effect (also called network externality or demand-side economies of scale) is the effect described in economics and business that an additional user of goods or services has on the value of that product to others. When a … Continue reading NETWORK EFFECT IN THE DIGITAL AGE

Most of us go through life defined by the norms around us. For example, if the norms around us say life is black or white, which is all we see and live by. If it says, life is lived within a box, indeed which is where we will be and live in. This is what is typically known as living the “Status quo” or “business as usual”. In fact, decisions, conclusions, and solutions (as made by individuals, companies and even nations) are created, professed and executed based on these norms and life as they know it revolves around these norms. However, when … Continue reading INNOVATION IS NOT A ZERO SUM GAME

If you have been sleeping or watching television in the last year or so and not being reading or building your digital knowledge, skill and capabilities, then you are losing to machines or robots. As you may know, machines or robots don’t sleep or watch television. Indeed robotic automation or robotizationis the new “technological utopia” and it’s taking over jobs. The future of work has changed. The term robotic automation or robotization refers to the automation of industrial and business processes using robots, of various guises. Robotic automation software refers to a class of software products used in the clerical … Continue reading THE NEW AGE OF WORK

Wikipedia describes technological singularity also known as “the singularity” as a hypothetical future point in time at which technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization. The most popular version of the singularity hypothesis called intelligence explosion, an upgradable intelligent agent (such as a computer running software-based artificial general intelligence). This will eventually enter the self-improvement cycles and cause an “explosion” in intelligence resulting in a powerful super-intelligence computer that surpasses all human intelligence. The first use of the concept of a “singularity” in the technological context was by John von Neumann.  Stanislaw Ulam reports, … Continue reading WHY THE NEXT 20 YEARS WILL BE INCREDIBLE

Organizations that will win the future in my opinion are those that will build a combinatorial culture of innovation and execution whiles seeing technology as an enabler. According to Wikipedia, Culture is an umbrella term which encompasses the social behavior and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities and habits of the individuals in these groups. Humans acquire culture through the learning processes of enculturation and socialization, which is shown by the diversity of cultures across societies. Livescience.com describes Culture as the characteristics and knowledge of a particular group of people, encompassing … Continue reading THE COMBINATORIAL CULTURE OF INNOVATION AND EXECUTION