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Lessons All Companies Should Learn From Disruptive Startups| Andrey Kunov|

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Uploaded on May 16, 2017

Andrey Kunov, CEO of SVIC, discusses how to turn disruption threats into innovation opportunities.

He says that Silicon Valley has organized executive briefings to give a perspective on what’s happening over the last few decades with large companies. About 18 startups will be presenting during the course of the day.

The lifespan of SAP500 companies has greatly reduced globally and especially in the US. The reason for this is the emergence of new digital companies which have disrupted traditional businesses.

This disruption is fueled by an increasing amount of venture capital that has been poured into these start-ups despite reduced capital in the last couple of years. It is amazing to see how much money has recently been put into all these new start-ups.

Silicon Valley brings large companies there to help them to understand what’s going on there in terms of new technology.

In a matter of 10 years many leading companies in Silicon Valley such as Netscape, SGI, SUN, etc. have gone. He says Silicon Valley is not only disrupting other industries but it is disrupting itself, leading the process of self-destruction.

He believes that this disruption can be called the 4th industrial revolution. The unique thing about this revolution is that it is a combination of 3 different worlds-physical, digital and biological.

The reason for organizing a conference on AI is that it has a bigger potential than to just become a technology trend. AI will unify and empower other technology trends to become a huge wave. This wave will have a great disruptive innovative potential. Hence paying attention to AI is important.

How do large companies react to these trends?

He quotes Meg Whitman “We’re living in an ideal economy and competitive advantage of any business would come from their ability to turn ideas into value faster than competition”.

Large, established businesses innovating in different ways. Some efforts are superficial, some advanced, lots of ways they do that externally. Silicon Valley becomes a part of the process for them. They help them in technology scouting, start-up scouting, discovering new opportunities in Silicon Valley, etc.

They also observe how large players are innovating. Some examples of it are:

1. Shedding physical assets for digital ones. Or restructuring the existing assets to make them more digital in value creation. Example: Apple, instead of outsourcing everything that is not essential to their core business, all other business functions are outsourced.

2. Internal Organization of these companies: Many companies are trying to become conglomerates of smaller business units that act independently of each other.

3. Portfolio Management: Distributing risks vs returns according to different business units. Google is a particularly interesting example. Amazon is also pursuing a similar corporate strategy.

There is a lot to learn for big businesses at Silicon Valley. They need to engage with the startup community in Silicon Valley because it has a number of early stage technology companies being interested in that type of community.

Silicon Valley is trying to establish a dialogue between large established corporations and start-ups. These dialogues are built so that value can be exchanged between 20th-century business, mostly legacy businesses right from all over the world and 21st-century disruptive leaders. This can be a very valuable dialogue for both sides.

They are helping large establishments learn valuable insights by interacting with start-ups and communicate with the new gen of AI based companies at Silicon Valley.

To know more about AI Executive Briefing please visit: https://siliconvalley.center/ai-for-b...




To know more about Silicon Valley Innovation Center please visit: https://siliconvalley.center

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Write to us: info@svicenter.com

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