Category: Success Stories

Schlumberger Drills Deeper to Innovate Oil and Gas Sector

Amid the global pivot to a “new” energy economy – solar, wind and electric – tales of the rapid obsolescence of the oil and gas industry are simply inaccurate. In fact, “traditional” energy players such as oil and gas companies are still crucial even as we transition to renewable energy and electric vehicles. Established oil and gas companies such as Schlumberger now realize that change, innovation and disruption are central for long-term success. Technology developments translate to either opportunities for those who adapt or risks for those who do not. In keeping up with their principle of putting “knowledge, technical ... Read more

Volkswagen Bank: Financing the Cars of the Future

The automotive industry as a whole is facing an unprecedented wave of innovation and potential change, from connected cars to ridesharing to autonomous vehicles. Over the next couple years, the ways in which consumers own and use vehicles may be dramatically reshaped – and so will the ways in which they shop for and finance them. One of the leading providers of automobile financial services, Volkswagen Bank in Poland, a subsidiary of Volkswagen Financial Services, is already ramping up efforts to come up with new car-buying experience to meet shifting clients’ preferences. With that in mind, executives from the bank ... Read more

Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends

Here at SVIC we recently designed and executed a custom immersion program for investment firm Allectus Capital. Allectus is a great example of how any business can discover something new in Silicon Valley; even though the majority of the firm’s $300 million portfolio is in tech sector investments, its executives still found plenty of new insights into areas like blockchain and digital transformation during their trip to the bay area.   With Allectus based out of Sydney, Australia, the majority of its investments are in the UK and the Asia-Pacific region. So the company’s one-day immersion program with SVIC was ... Read more

Tetra Pak in Silicon Valley: Robotics and the Mindset of the Entrepreneur

Food packaging manufacturer Tetra Pak describes innovation as “a mainstay” of its survival and growth. And nearly 70 years on from its founding, Tetra Pak is among the world leaders in its industry. Tetra Pak’s commitment to discovering new ideas extends to running R&D and innovation centers across the globe. They also have an “open-door policy” for inventors who want to submit projects for assessment and possible development and support from the company. But Tetra Pak does not stop there. A vital part of Tetra Pak’s strategy is visiting Silicon Valley to learn about new technologies and trends. Three high-level ... Read more

Thomson Reuters Learns to Listen like a Lean Startup

Thomson Reuters is a truly global corporation. Present in over 100 countries, it employs some 45,000 people worldwide. Included among them are innovation specialists, technologists and data scientists. The organization even has innovation labs in several cities and a Technology Center in Toronto. CEO Jim Smith has said he believes the center will become “one of Canada’s largest technology hubs.” But even with such resources at its disposal, Thomson Reuters – like all companies in the information services sphere – has of late found its work disrupted. That includes its legal content and research business, the second-biggest area of revenue ... Read more

Mobile OS Disruption: 3 Key Insights from the Surging Rise of Android [Video]

 In 2009, the Android mobile operating system had less than three percent of market share. Symbian had over fifty percent of market share. By the end of 2017, Android’s market share had soared to close to ninety percent while that of Symbian had tumbled to effectively zero.  This dramatic exchange in market share provides valuable insights for business leaders concerned about disruptive digital technologies. What key insights can be derived from this cautionary tale that is the Android/ Symbian Greek tragedy? 1. Do Not Ignore Edge-case Scenarios An edge case refers to any event that occurs at extreme (maximum ... Read more

Banking Disrupted: Collaboration with Fintechs

When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding across 81 FinTech deals since 2012. But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market. At the same time, technology continues to evolve ... Read more

Banco Santander Mexico Sees Fintech Future in Silicon Valley

One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization. The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like ... Read more

SAP in Silicon Valley: Inspired to Innovate

For enterprise software maker SAP, coming to SIlicon Valley was all about learning how to innovate. The four-day trip was a chance to see up close how some of the world’s leading tech companies apply the principles of entrepreneurship to achieve remarkable results. What’s more, SAP saw how the latest technologies are being applied to build the economy of the 21st century. It was an experience sure to prove invaluable as the European multinational continues to grapple with its own journey of digital transformation. Day one of the tour served as a short introduction to the world of Silicon Valley; ... Read more

Volkswagen sees opportunities, competitors in Silicon Valley

An one-day immersion tour of Silicon Valley, which included visits to Google, Tesla, and other auto-industry companies, was just the tune-up Volkswagen Ireland needed when they came to visit us last week. This was an eye-opening experience for the top executives that made the visit. Concepts that were once abstract were suddenly brought to life: artificial intelligence, automation and the sharing economy all came together throughout the week. Startup engagement was definitely high on the agenda. Like many other international companies, Volkswagen is grappling with digital transformation. Looking for partnerships with early stage companies, as a means to accelerate the ... Read more