Great article! What a surprising application of 3D printing! I would have never thought of a possibility to use this technology in food manufacturing. It is really impressive that Barilla embraced this megatrend so well. I am very curious to see whether the relatively high costs of the technology will become an obstacle for the more widespread adoption of additive manufacturing in the food sector. It is so far definitely more expensive than traditional production methods but offers amazing customization advantages and might be very useful for more niche, high-end or functional product lines. Also curious to see how fast the industry will manage to make te technology less costly and more efficient…
What an interesting article Taito! It’s on a topic very similar to mine so I am thrilled to hear your views as an expert! I have come to a very similar conclusion, that the construction industry is very slow to innovate and that 3D printing might be an amazing way to make it move slightly faster and solve some of the most important operational problems in the sector. You also brought up a very important point I had not thought about before – that regulators play a really important role in construction. I really hope that they will also embrace the change and not become the bottleneck in the innovating process… 🙂
Very interesting article! Doing research on the construction industry, in a different context, I ran into a very similar observation – that the sector is extremely slow to innovate. I guess there is so much inherent risk to this highly cyclical industry that it is very reluctant to take on additional risk related to innovative projects. But the change is inevitable and it was fascinating to see how it might happen through open innovation. But I also agree with you that very often M&A might be a better idea. Maybe collaboration with outsiders through open innovation could be the first step (identifying potential directions of innovation) followed by finding suitable acquisition targets…
That is fascinating! Thank you for sharing. It seems that (and I hope that) the use of machine learning may bring us closer to making wind and solar technologies profitable, even without subsidizing. I am wondering whether this opportunity may encourage governments to financially support also ML projects in this field, in addition to supporting energy projects directly. It sound like it could be a very reasonable long-term approach. Curious to see!
Wow! This is really interesting! Similarly to you, I didn’t expect machine learning would be of much use for a high-end fashion brand. It is a very clear fit for mass retail, but not necessarily for luxury products… And you brought up a very interesting example of how it can turn out successful by using machine learning not to standardize but to customize and personalize. That’s an evidence that ML can help you not only manage your supply chain but also make your customer feel special. And according to all the studies, customization is still what most of the luxury-brands’ consumers want: https://www.forbes.com/sites/njgoldston/2017/12/29/what-you-need-to-know-about-luxury-consumer-trends-for-2018/#5511a6221eb7. Will all the high fashion companies use something similar? Really curious how this trend will develop. Thank you for sharing!
Really interesting article! Thank you for sharing! One thing that came to my mind was whether it will be more difficult to adopt crowdsourced innovation in banking than in other industries. Banking is obviously really focused on security and also a reputational business. While crowdsourcing seems like an amazing tool to enhance innovation , it leaves some of the control over product development outside of the company. If something goes wrong the blame is inevitably on the bank even though it may not technically be responsible for the issue. One example of such risk is the controversy over voice-controlled banking: https://www.bbc.com/news/technology-39965545. I’m wondering how quickly they will be able to gain their customers’ trust… I personally won’t be using Alexa for banking any time soon But I will keep an eye on this super interesting subject. Thanks again for bringing it to my attention!