Insights

COVID-19: The Digital Transformation Catalyst of Banking Business Models

The banking industry faces change, probably in a never known pace and relevance than before. Although COVID-19 had a positive impact on some banks due to a high increase in asset trading volumes and associated commissions, it also acts as a transformation catalyst. COVID-19 is assumed to substantially change the consumer behavior towards a cashless society. The trend towards a hybrid banking customer is continuing.

Introduction to the Circular Economy

The environmental issues humanity is experiencing on the planet nowadays are unprecedented and require new innovative solutions from businesses, which have mostly been operating in a linear manner.

4 Inspiring Ideas to Overcome Challenges when Testing Innovative Business Models

Following our recent article about the most common challenges faced by companies when testing innovative business models, we decided to highlight 4 inspiring initiatives that seem to be effective practices to overcome these challenges.

What we Have Learned About Testing Business Models

A superior business model is the base of sustainable business success. Studies show that 90% of business ideas change several times before achieving commercial success and over two new products/solutions out of three fail to meet customer expectations.

7 Steps to Prepare Your Business Model for Post-COVID-19

Uncertainty and risk will remain high. How can we deal with these difficulties? COVID-19 has influenced many industries and companies. Together with our customers, we discussed an approach to tackle this uncertainty.

The 5 steps for Implementing Digital Business Models

The increasing popularity of creativity methods such as Design Thinking and the St. Gallen Business Model Navigator have led to a state where companies are now well equipped to generate many innovative ideas. The better the first step of business model innovation is mastered, the clearer it becomes that the true challenges for companies lie in the following phases: translating ideas into validated business model concepts and turn them into profitable businesses.

Business Model Innovation from the CES 2020

The CES Las Vegas is the first global show of the year for companies thriving on the business of consumer technologies. As passionate innovators, we looked at the innovations presented at this year’s show and analyzed them from our business model innovation point of view.

Business Models – Definition and Reason

When you read about anticipated changes due to IoT, Industrial IoT, or Industry 4.0, you inevitably come across the term business model. Usually, it is the conclusion based on the changes anticipated by the IoT: You have to innovate or change your business model. But more often than not, that’s all you get and you’re left to figure out how to do that on your own.

How Omya Built a Focused AI Strategy in Industrial Minerals

Omya wanted a clear plan for using artificial intelligence across its operations. In a four-phase project we assessed readiness, set goals, selected pilot uses and built a scale-up roadmap. The result is a ranked list of AI priorities and a governance model that keeps efforts aligned.