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You are in an unfamiliar terrain, looking somewhat like a lunar landscape. Turning around, you observe craters and oddly-patterned star formations. Your hands are in thick blue gloves. All of a sudden, you hear a scream – a wild high-pitched tone. And then you see the source: a three-eyed creature rapidly approaching you. You panic and respond to the best of your ability: you rip off your helmet and gloves and return to your room. This is a realistic scenario from a virtual reality video game. The complexity of the 3-D simulation, aided by multiple data points and, increasingly, sensors from the player’s body, requireRead More →

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The first iPhone was launched on June 29, 2007, and the world has never been the same since. The speed and convenience with which we now communicate created the new levels of urgency, including the urgency to understand and participate in further unbridled innovation. Since the launch of the iPhone, many companies have adopted the so-called Digital One company strategy with the idea to integrate social media, mobile technology, fast analytics and cloud data storage. Social media alone creates change and not just because of all the new tools connecting billions of individuals worldwide. People use social networks to gain immediate access to information thatRead More →

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JP Morgan’s announcement last week “to pull the plug” on all of their thousands and thousands of Bloomberg terminals is last week’s leading example of the sweeping disruption facing investment managers from innovation (the contract value exceeding tens of million U.S. dollars each month). Many still struggle to wrap their head around the situation with social media platforms like LinkedIn buzzing with discussions about whether pulling the plug on Bloomberg is feasible or advisable. Yet, here is fact: while Bloomberg rested on its laurels and celebrated its founder’s New York mayoralty, the competition was not sleeping, but working hard. And now, the competition is soRead More →