Scott Amyx Speaking on Why the Internet of Things Will Each Your Lunch
Voxxed Days Belgrade 2016
According to an Accenture study of 1,000 large enterprises, big companies struggle with innovation. The biggest barrier is not a lack of vision but because, by definition, big companies are mature. Organizational structures and processes are in place to guide the company towards efficiency. Seasoned managers steer their employees from pursuing the art of discovery and towards engaging in the science of delivery. Employees are taught to seek efficiencies, leverage existing assets, and listen to their best customers. Such practices and policies ensure that executives can consistently deliver positive earnings to Wall Street, but they also minimize the types and scale of innovation that can be pursued successfully within an organization. No company ever created transformational growth by doing what they do a tiny bit better and a tiny bit cheaper.
Never before are startups well positioned to eat the lunch of big corporates through emerging technologies such as IoT, AI/Machine Learning, Robotics and FinTech.