While corporations of all types confront the disruptive technologies upending their respective industries, it’s important for leaders to assess how best to harness such tools to accomplish effective innovation, Pivot Factory CEO and Founder Michael Leadbetter told CEOWORLD Magazine in a recent interview.
The publication examined five ways corporations can leverage a range of cutting-edge technologies for their businesses including Artificial Intelligence (AI) and machine learning.
The article also explores areas of science that are seemingly light years beyond most people’s comprehension, such as quantum computing.
Advancements are coming at us so fast, it may be hard to keep pace, which is understandable. Leadbetter recommends leaders reflect on how improvements in science and computing best fit their approach to business, before making any hasty decisions.
“Digital transformation is typically focused on (1) creating new business models (2) adding technology to an existing product (3) using technology to make the core business more efficient,” Leadbetter told the magazine.
Advancements are coming at us so fast, it may be hard to keep pace, which is understandable.
“Digital Transformation Assessment,” he added, “should include understanding your key organization and business challenges, and what actions to take to be able to innovate effectively and systemically.”
The article also highlights the Internet of Things—a term used to describe the interconnectivity of a vast assortment of devices via the internet—and forthcoming 5G networks, which promises speeds 20 times faster than 4G, the current broadband network cellular technology. To learn more about these technologies and how they may affect your industry, head over to CEOWORLD Magazine.
Pivot Factory is an advisory services firm that focuses on the trends of disruption, and how companies can react through innovation.
Leadbetter also hosts Pivot Factory Podcast, which features interviews with innovators and thought leaders of various industries, resulting in a thought-provoking discussion about how businesses must grow exponentially, or get left behind.