During the same period, most business model innovators have managed to produce consistently profitable returns with average revenue gain between 100 and 500 percent. The keys to these success stories have been connectivity and convergence with 50 percent of new start-ups launched on mobile platforms.
This new rapidly evolving business landscape emerged from Frost & Sullivan's Growth, Innovation and Leadership (GIL) 2015: Europe in London where 250 industry leaders met to learn and share new strategies for innovation.
The main theme was introduced by Senior Partner Dorman Followwill: "To succeed and prosper in today's challenging market environment," he said "companies must focus on business model innovation as this is the way to significantly higher returns and to consolidate growth."
Nina Bjornstad, Country Manager at Google for Work UK&I, and Professor Mark Caulfield, Chief Scientist of the 100,000 Whole Human Genome Sequencing Project led by Genomics England, enthused the audience with their ground-breaking keynote addresses showcasing global leadership in connectivity and convergence.
The global trends in connectivity and convergence - presented by Senior Partner Sarwant Singh - demonstrated that increased connectivity is influencing businesses to devise new strategies and uncover fresh revenue opportunities.
The new analysis of the top 50 multi-billion dollar technologies inspired the audience with an interesting workshop managed by Practice Director Ankit Shukla.
The conference concluded with the "Legends of London". Some of the most innovative leaders in Britain's capital city stimulated the debate about the future for the UK in 2020. A reference to immigration was almost inevitable following the Bank of England Governor Mark Carney's comments.
GIL will return to London in May, next year. In the meantime, Frost & Sullivan's GIL will continue its journey with stops in Cape Town, Africa on 15 August, Monaco on 22 October and Frankfurt on 17 November.
To pre-register for GIL Europe in 2016 or to attend the acclaimed Frost & Sullivan's conferences around the world, please contact Chiara Carella, Corporate Communications, at [email protected]
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
•The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
•The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
By: N. Peter Kramer
