Industry
The status quo is changing for most industries as boundaries blur between fields due to innovation, disruption, and digitally-driven change. That’s why keeping abreast of emerging trends in sectors outside your own is vital, not only because your organization’s competitive landscape may be changing, but because there are universal, strategic lessons to learn from the opportunities and threats convergence poses for every marketplace. We examine emerging trends and the impact of evolving tech in key fields such as healthcare, financial services, telco, energy, mobility, and more to help you capitalize on the possibilities of the future while managing the challenges of today.
Recently Published
In this Advisor, we look at how some specific Industry 4.0 technologies can create advances within regulated industries.
This Advisor proposes an architecture for the delivery of a connected health service that may pave the way for future connected health systems.
Regulated industries should not pull back in their quest toward digital transformation but should instead find a way to embrace it. To begin, regulated industries should consider the questions explored in this Advisor.
In the digitized world of financial data, there are truly enormous volumes of heterogeneous structured and unstructured data across siloed data stores. Managing such complexity is beyond human cognitive abilities or comprehension; hence, AI-based smart machines are required to assist human cognition and decision making. We believe that if AI is to achieve its promise, financial institutions are going to have to address a range of challenges.
Joel Nichols discusses the barriers and challenges facing regulated industries as they attempt to implement Industry 4.0 technologies and change their culture. The article examines the questions that regulated industries must address as they embrace digital transformation and the advances that specific Industry 4.0 technologies can yield. The author argues that although digital transformation may require more time in regulated than in nonregulated industries, “the impact of regulated industry transformation on producers and consumers alike ultimately will be greater than that of the nonregulated sector.”
Executive Update
FDIC 370: The Challenges Banks Face
The “Recordkeeping for Timely Deposit Insurance Determination” rule from the US Federal Deposit Insurance Corporation (FDIC), or FDIC 370, seems simple but, as we explore in this Executive Update, it presents several challenges for covered institutions (CIs).
This article takes agility out of its normal domain of product development into the world of research, where its use is not at all obvious. They outline the cultural blockers, note the obvious mismatches to ordinary agility, and describe how they adapted both the ceremonies of traditional agility and their own culture to form an effective final mixture.
Lean companies develop their capabilities and processes continuously as part of their culture. Continuous improvement allows them to align their activities flexibly, according to business strategy. Due to this holistic alignment, these companies achieve relatively high-performance levels compared to their competitors.