Kevin Stein, CEO of TransDigm Group (“TDG”), a leading “designer, producer and supplier of highly engineered aircraft components,” gazed out his office window, playing back his conversation with CFO Michael Lisman from November 8, 2018. The debate du jour: does General Electric's innovation in Additive Manufacturing pose a threat to TDG's dominance of their end-market?
With Nike pushing Flyprint, Adidas working with Carbon 3D, and New Balance tapping into Formlabs for partnership, why is this seemingly commoditized footwear market looking to 3D printing?
LEGO has been using open innovation for the past 10 years to bring new playsets to market. As they strive to stay relevant while the line between toys and consumer electronics starts to blur, how will they revamp their strategy and consequently product development process to accommodate?
Hundreds of millions of people play and watch League of Legends. Will the game will be sustainably popular (like basketball) or will it follow the path of other electronic games in the past and give away to newer concepts? In this long-term context, it is crucial that the game developer utilizes open innovation to support game updates and an ecosystem of players, teams, fans, and platform partners.
Amazon is relying on open source innovation to build the capability of its cloud based voice service platform. The voice service is set to be the next biggest technological innovation that will change the way we control devices, interact with machines, and handle information. Amazon is providing a Alexa skills development platform for the third party developers to increase the utility of Alexa and the consequent consumer benefits. What are the next challenges for Amazon's Alexa?
Intelligence agencies are considering open innovation to better predict geopolitical trends and to better respond to the new face of terrorism. Is this a great idea or a misguided attempt at forecasting the future?
American health insurer Cigna must balance the benefits of machine learning with the internal challenges that arise during implementation and the external ethical implications inherent to the healthcare industry.
(Image Citation – https://www.cigna.com/guideme)
Banks can regain lost trust through a virtual assistant that will be customers true ally in managing their finances
Can the benefits of open innovation in investment management outweigh the costs? In this piece, we quickly examine the benefits of such an approach agains the backdrop of a traditional asset manager and one of the biggest struggles Quantopian, a firm pioneering in the space, faces.
Telehealth has recently emerged as a convenient alternative to the traditional in-person health care appointment. Teladoc, the oldest and largest telehealth company, provides 24/7 access to physicians worldwide via audio or video consultations. Patients use the Teladoc website or mobile […]
