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The Umpqua Innovation Lab
business technology trends - Eight business technology trends to watch - Information Technology - Applications - The McKinsey Quarterly
Technology alone is rarely the key to unlocking economic value: companies create real wealth when they combine technology with new ways of doing business. Through our work and research, we have identified eight technology-enabled trends that will help shape businesses and the economy in coming years. These trends fall within three broad areas of business activity: managing relationships, managing capital and assets, and leveraging information in new ways. The Internet and related technologies give companies radical new ways to harvest the talents of innovators working outside corporate boundaries. Today, in the high-technology, consumer product, and automotive sectors, among others, companies routinely involve customers, suppliers, small specialist businesses, and independent contractors in the creation of new products. Outsiders offer insights that help shape product development, but companies typically control the innovation process.
private banking innovation
Private banking in general, and Swiss Private Banking in particular, is undergoing a series of massive changes. Net new money is weak, margins deteriorate, and a number of regulations – both foreign and domestic – are to be adhered to in much stricter ways than before. On top, client demands are rising, and alternative providers […]