Tag: digital transformation

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

Nima Shomali On Optimizing Firms For Corporate Innovation

The term corporate innovation often brings to mind well-known tech titans like Google, Amazon, and Apple. The idea that large, non-tech legacy corporations like shipping companies or FMCG manufacturers can innovate as efficiently and as effectively as these companies may sound far-fetched, but this is the reality such firms are facing today. Massively disruptive technological trends are upending entire industries, turning market dominance upside down. For corporations to survive and thrive, they must develop a culture of innovation. Nima Shomali, Managing Partner at Acceleration Technology Partners, understands this need for corporate innovation all too well. Working with non-tech legacy corporations, ... 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

Digital Leadership for Digital Transformation

In this guest post, Scio+ CEO Casper Tribler provides an original definition of digital transformation. He goes on to say that successfully achieving digital transformation does not depend on mastery of technology. Rather it requires an organization’s leadership to articulate a clear digital strategy for the future. Data-driven decisions are key in disruptive times such as ours, where digital transformation is “a never-ending endeavor”. Our ability to digitally transform companies, governments, healthcare, education, legal systems, law enforcement, communication, finance etc. are pushing forward new digital strategies and increased focus on digital leadership. Such leadership is required across all levels of the ... Read more

How Corporations can be Innovation Powerhouses (Whitepaper)

To stay alive in this highly competitive global economy, every company needs to become an innovation powerhouse. The time when innovation is done strictly inside the R&D department is over. To keep up with the fast cycles of technology, corporations must embrace a fluid startup framework. How can large organizations build a startup within their enterprise or partner with external startups to accelerate corporate innovation? Large organizations need to redesign their organization structure, immerse themselves with thought leaders and startups, and adopt an innovation culture. In this report, “The Innovation Powerhouse” by Andy Zhulenev, Vice President at Silicon Valley Innovation ... 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

Building Corporate Ecosystems for Innovation

In his recent SVIC webinar, lean startup coach Tristan Kromer describes a corporate ecosystem as the “landscape” within a company. This includes a host of factors such as culture, processes and resources. All of these can help or hinder the process of generating and implemented new ideas. Watch Tristan Kromer’s presentation on “Corporate Startup Ecosystem and Innovation Obstacles” in our on-demand video here. In today’s era of digital disruption corporations face the need to innovate like never before. Competition from tech startups, as well as digital platforms like Uber and Airbnb, have put traditional businesses on the back foot. These ... Read more