New-age fintech challengers are chipping at “traditional banks” from all sides and slowly dismantling the protective walls built up by the incumbents over the past century. The banking and wider finance industry is facing these upstart digital banking innovation challengers across the spectrum of payments, cash, lending, money transfer, investment management, and lending, among other areas. Here’s a look at our multi-part assessment that helps you to understand where you are now and where do you want to go.
Our new analysis of the construction technology ecosystem finds emerging trends, constellations of solutions, and an ever-increasing universe of technology use cases that are disrupting the way we plan, design, and execute projects. Here’s a look at our multi-part assessment that helps you to understand where you are now and where do you want to go.
Oil & Gas
The oil and gas industry, historically, has been fueled by innovation. Reflection seismography, which first revolutionized petroleum exploration in the 1920s, prompted oilfield discoveries worldwide and filled billions of barrels of oil. Fluid catalytic cracking, discovered in 1937, served to advance refining and still produces most of the world’s gasoline. More recently, horizontal drilling and hydraulic fracturing (fracking) led the commercial exploitation of massive, unconventional oil and gas resources that were once considered uneconomic.
As the industry faces continued pressure to streamline operations and reduce costs due to overcapitalization, budget overruns, and production oversupply, our multi-part assessment will help you to understand where you are now and where do you want to go and in defining or executing your organization’s innovation strategy.
Food, Beverage & CPG
Innovation will be more important than ever as we move toward the next normal given changing consumer needs and occasions. Companies can rethink their innovation agendas to more efficiently address those needs and drive growth. However, many executives see barriers to boosting innovation performance, including the complexity of multifunctional organizational dynamics and the difficulty of predicting consumer preferences and behaviors. In addition, these innovations seem to be changing faster than ever. Disruption due to the pandemic lends even greater urgency to ensuring that innovation strategies adapt well to changes in consumer needs and retail environments. Here’s a look at our multi-part assessment that helps you to understand where you are now and where do you want to go.
Since the start of the First Industrial Revolution, manufacturing has been the force pushing industrial and societal transformation forward. Today, we’re in the midst of another industrial revolution, as a new generation of sophisticated technologies is transforming manufacturing into a highly connected, intelligent, and ultimately, more
productive industry. The man-powered shop floor of the past is being replaced by smart manufacturing facilities where tech-savvy workers, aided by intelligent robots, are creating the products of the future.
Arising from its roots in the US, biotechnology today is a global enterprise. Cutting-edge tools are transforming traditional models of drug discovery and development and diagnostic testing. They are enabling the potential for largescale production of renewable fuels, biodegradable materials, safer industrial chemicals, and food crops grown under harsh conditions. The practice of technological innovation in the industrial era – the systematic application of ideas, inventions, and technology to markets, trade, and social systems – is now being joined with the code of life through rapid DNA sequencing and synthesis technologies.
Insurers can surely develop a competitive advantage by looking at how leading technology and consumer-product companies accelerate product development and improve customer experience. Our intent here is to support our insurance clients globally in understanding and engaging with their end consumers.
Property & Casualty
We live in a transformative age, an age of change. Traditional insurance business models are being challenged by new thinking, new competitors, new ways of working, and new challenges.
Insurers are already under pressure to change now. The next wave of macro and micro changes – global, local, industry, and market-specific – promises increasingly complex risks and new, currently unpredictable demand for effective ways to provide resilience in these uncertain times.
Health innovation is to develop new or improved health policies, systems, products and technologies, and services and delivery methods that improve people’s health, with a special focus on the needs of vulnerable populations. Especially this becomes a critical need during these COVID times. On the other side, the following challenges are confronting Healthcare that fuels the need for innovation even further.