How to build your digital innovation footprint in Asia
Emerging and developing Asia will contribute 57.4% of global GDP growth in the medium term, generating $10.1 trillion in new annual economic activity by 2025. China alone will contribute 31.2% of global GDP growth during this five-year period, with China’s GDP growing by $5.5 trillion during this period.
Open innovation playbook
China is at the forefront of digital innovation yet foreign companies are often unprepared to participate due to a lack of local innovation capabilities. Open innovation strategies provide a solution. The term ‘open innovation’ was coined by Professor Henry Chesbrough of UC Berkeley in 2003 to illustrate how companies incorporate external ideas and expertise to advance their innovation goals.
AI for manufacturing - Chinese market AI adoption trends
General artificial intelligence is a frontier research discipline to build computerized systems that perform tasks requiring human intelligence. In contrast, Industrial AI is concerned with the application of such technologies to address industrial pain points for customer value creation, productivity improvement, cost reduction, site optimization, predictive analysis and insight discovery.
5 mistakes to avoid for a successful implementation
Every year more and more products are entering the IoT space, and billion of products are connected to the Internet. If you are considering implementing IoT within your organization, or developing a new connected product, read on to ensure you are not making these five common mistakes.
The future of IoT payments
The main characteristic of IoT payments is that they are triggered by IoT devices with a high level of autonomy, based on data that the device collects and analyzes. A person using a mobile app to make an account-to-account bank transfer is not considered as an example of an IoT payment since the person is manually operating the payment process.