EVERAGING TECHNOLOGY FOR EFFICIENCY · The process of translating an idea or invention into a good...
Transcript of EVERAGING TECHNOLOGY FOR EFFICIENCY · The process of translating an idea or invention into a good...
LEVERAGING TECHNOLOGY FOR EFFICIENCY
Marco Vulpiani
Partner Deloitte Head of Valuation Services - Financial Advisory Innovation Leader - Italy
LEADING ENTERPRISES, IN PARTICULAR THOSE WITH INTERNATIONAL PRESENCE, MUST FACE A
LARGE VARIETY OF INTERRELATED CHALLENGES
2
Increasing customer
expectations about service/product
quality
Increasing cost pressure
Growing concerns on environment
and resources lack
Increasing customer centricity
and complexity/ volatility in
customer demand
Rapid technological
improvements
Increasing pressure from global competition
Increasing data availability and
difficulties in data management
THERE IS NOT A UNIQUE RECIPE TO FACE SUCH CHALLENGES, BUT WE CAN SAY – WITH NO
DOUBT – THAT ENTERPRISES MUST INNOVATE IF THEY WANT TO SURVIVE
3
Innovation gives the
enterprise the
opportunity to face
such challenges,
survive and
differentiate
themselves, while
generating revenues
and constructing a
huge competitive
differentiator
Those who did not innovate… (… and those who did)
12 years
2004 2008 2012 2000
2004 2008 2012
5 years
2000
6 years
2004 2008 2012 2000
I think film's
coming back
People like coming
to our store to rent
movies
Never change a
winning team
THERE ARE MANY DEFINITIONS OF INNOVATION, BUT EVERYONE HAS ONE COMMON ELEMENT
4
Fresh
ideas
that
generate
value
An “innovation” is an idea that yields value in the
form of new or improved functionality or
quality, reduced cost, better or more widespread
availability, a price increase for the seller, a price
decrease for the buyer, better margin for the
seller, or some combination of any or all of these
InnovationLab
Innovation is the specific
instrument of
entrepreneurship… the
act that endows resources
with a new capacity to
create wealth
Peter Drucker
Innovation is the execution of
new ideas that create
business value
Innovation is the combination of
“invention” plus
“commercialization
Innovation is new products, business processes and organic changes that
create wealth or social welfare
Innovation is about
executing the idea […]
converting the idea into a
successful business
The process of
translating an
idea or invention
into a good or
service that
creates value or
for which
customers will
pay
An innovation is the implementation of a new or
significantly improved product (good or service),
a new process, a new marketing method, or a
new organizational method in business practices,
workplace organization, or external relations
Innovation connects what is
possible to what’s valuable
to our employees, customers
and shareholders
Innovation is a
mindset in your
business; your
employees are
always focused on
continuous
improvement and
constantly thinking
outside of the box
YET INNOVATION IS NOT ONLY ABOUT IDEAS
5
Environment Marketplace
TODAY, ONLY CHANGE IS CONSTANT, AND THE RATE OF CHANGE IS INCREASING FASTER THAN THE
PACE OF MOORE’S LAW
6
x
If in 1994 Internet would have run at the speed of an
ant, today it would be fast as a Space Shuttle…
…Innovation is not a competitive tool but
the new game rule
Artificial Intelligence
Industrial Biology/ Genetics
Additive Manufacturing/ 3D Printing
Robotics
Internet of Things/ Wearables
Quantum Computing
EXPONENTIAL TECHNOLOGIES CAN HELP ENTERPRISES IN WINNING THE CHALLENGE OF
EFFICIENCY AND COMPETITIVENESS
7
ENTERPRISES CAN AND SHOULD LEVERAGE ON EXPONENTIAL TECHNOLOGIES, FOLLOWING THE
EXAMPLE OF THE «GOOD ONES»
8
Partnership with StayWell Health Management to offer
employees the use of a wearable device, which
measures the number of steps taken every day
Internet of Things/ Wearables
Benefits
• Increased daily productivity
• Increased employers health and decreased absences
• Decreased health care spend by 3.5 percent and realized an estimated $3 return in health care costs savings for each dollar invested in the wellness program
• Achieved an ROI of 3:1
CASE STUDY
ENTERPRISES CAN AND SHOULD LEVERAGE ON EXPONENTIAL TECHNOLOGIES, FOLLOWING THE
EXAMPLE OF THE «GOOD ONES»
9
Robotization of fulfillment centers, with robots picking,
packing, and shipping products in more than 18 million square
feet of warehouses
Robotics
Benefits
• Increased stocking and order picking productivity and rates, order accuracy, order fulfilment rates and speed of order turnaround time
• Better Engagement of Workers
• Inventory accuracy and security
• Flexibility and scalability
• Electricity savings and improved quality of life
• Reduced training time
• The ‘wow' factor
CASE STUDY
ENTERPRISES CAN AND SHOULD LEVERAGE ON EXPONENTIAL TECHNOLOGIES, FOLLOWING THE
EXAMPLE OF THE «GOOD ONES»
10
Additive Manufacturing/ 3D Printing
Benefits
• Free Design
– Realization of any kind of shape
– Increase of shape complexity with no additional cost
• Weight reduction and Performance increase
– Lighter Product, more homogenous, precise and resistant
– Mechanical performance better than welded piece
• Cost reduction
– Less waste of energy and materials
– Faster Realization
– Zero emissions
CASE STUDY
Realization of aeronautical components through AM, in particular
through the aggregation of special metal alloys powders
HAVING SAID SO, ENTERPRISES MUST FOLLOW THREE MAIN STEPS IN ORDER TO FACE TODAY
CHALLENGES
11
We talked about…
Challenges faced by today’s leading enterprises, in particular multinationals
Innovation as an essential driver in facing and winning such challenges
Innovation as an open ecosystem encompassing ideas, technology and incubators and with direct relations to internal and external environment
Exponential technologies as players with a leading role in fostering innovation in companies
Creating and leading an innovation ecosystem
Leveraging technology as distinctive element, and applying the right level of technology to products and services
Cultivating continuously an innovation culture, internally and within the business community
Lesson learnt
12
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its
member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed
description of DTTL and its member firms.