Reimagine. Scale.

Most companies recognise the threat from outside disruptions, especially when competing in the age of digital and AI. This is hardly surprising with more than 1,000 Unicorns valued at $4 trillion, and the average life of a Fortune 500 company being 15 years and falling.

Established companies must reimagine and scale new AI-driven products and services at start-up speed to avoid being beaten at their own game by disrupters. How can this be done? One approach is to rapidly try to implement AI into an existing business model, products and services. However, as multiple studies of digital transformation over the past decade shows, “changing the engine whilst driving down the freeway” usually doesn’t end well and at best deliver significantly less outcomes than expected.

There is another way. Companies can reimagine and build their own unicorn within the organisation as they already have built-in ideas, capital, intellectual property, customers, brand, goodwill, distribution channels and talent. They can deliver these in an AI-driven competitive era by establishing a “start-up” inside the organisation. This new venture business requires a reimagination of the company with a “digitally native” and AI-driven mindset.

The team at Technology Connect can help your organisation establish a new venture factory, encompassing a rapid incubation period to launching your new venture. We can also help you scale this new venture and build an investment governance model containing a portfolio of new ventures to eliminate the disruptive threats in the market.

If you want to know more about how we may help your organisation launch new AI-driven ventures, then connect with us. This is what we do!