The concepts of open innovation, conducting pilots, and working effectively with startups to commercialize technologies are foreign to many companies, including Fortune 500 companies, which many would find surprising. There is often an impedance mismatch in the interactions between both entities — there’s alignment on the overarching goal, but the…

The world is experiencing a “black swan” event — an extremely rare event with very severe impacts. COVID-19 has caused unparalleled disruptions to our lives and to many businesses. It is testing every organization’s nimbleness to react to a rapidly changing landscape. Darwin’s evolutionary theory is now unfolding before our…

Our factories are still labor-driven, and labor shortage is real Contrary to popular belief, manufacturing and other industries are still very labor intensive. In fact, there are about 345 million people on the factory floor today, but only less than 2 million industrial robots. In this 21st century, humans still…