Disruptive innovation invalidates existing business models. That’s why it’s become so important for business executives around the world.
Technology is evolving along an exponential curve, and entire industries are collapsing as new (mostly digital) business models provide better outcomes for fewer dollars.
Disruptive innovation generally comes from the edges of industries, not the center. It comes from ‘adjacent markets’ often catching executives by surprise.
Patrick explains the topic and provides two (2) models and a strategic framework for executives to both anticipate and PROFIT from disruptive innovation.
The explosion of big data technologies and the Internet of Things (IoT) have led to dramatic advancements in artificial intelligence and machine learning.
These technologies are fueling innovation in predictive analytics, autonomous driving, image recognition, virtual reality, and countless other fields.
Patrick has accumulated dozens of case histories and success stories in a variety of different industries, allowing him to explain the trends in a way that people understand.
His technology keynotes don’t get into technical specifications. Instead, they highlight trends and strategies for business executives to exploit within their own respective business models.
Bitcoin was the first application of blockchain protocol. Since 2009 when it was officially launched, the bitcoin blockchain has never been hacked.
This distributed public ledger technology is now finding its way into hundreds of different applications. In particular, supply chain management, capital formation, and digital identity are leading use cases. Its popularity is part of a larger trend from centralized to decentralized structures.
Ironically, the industries that are most threatened by blockchain technology (banks and insurance companies) are the ones investing most aggressively in its development. Patrick explains both the risks and opportunities for business executives.
Overview:
The recent summit featuring the keynote speaker has received overwhelmingly positive feedback from attendees, highlighting the speaker's thorough preparation and engaging presentation style. Reviewers praised the relevance of the content, particularly its applicability to the agricultural sector and small businesses. Attendees found the practical tips and case studies particularly valuable, with many expressing eagerness to implement the strategies shared.
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Overall, the event was deemed a success, providing valuable insights and actionable strategies for participants.
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