COMPASS MAGAZINE #14
COMPASS MAGAZINE #14
#14COVER STORY

INDUSTRY RENAISSANCETransforming invention, learning, production and trade

A profound societal transformation is underway on a scale not seen since the great European Renaissance. Then, Gutenberg’s printing press made books, and the knowledge they contained, available to all. Today, the new book is the experience. Digital technology, which enables virtual experiences, is enabling an Industry Renaissance that is shaking all sectors of society with new ways, both real and virtual, of inventing, learning, producing and trading.

#14RESEARCH

COMPOSITES IN DEMANDAs applications increase, researchers seek faster methods for producing composite parts

In the 60 years since composites were introduced, their remarkable strength-to-weight ratio and resistance to heat and corrosion have made them the go-to material for many high-performance applications. As both aerospace and automotive OEMs focus on high-volume production challenges, however, researchers are working to accelerate the pace for producing and certifying advanced composite parts.

#14INDUSTRY

HOME & LIFESTYLECUSTOMER-FOCUSED CREATIVITY

Product designs that focus on features and functions are no longer enough to meet consumers’ expectations. Today, successful product innovation starts with understanding consumer needs and wants, and then crafts experiences that make the consumer’s life easier or more enjoyable. As a result, consumer goods organizations are abandoning a focus on what they can make and innovating by considering the experience from the user’s point of view.

#14INDUSTRY

TRANSPORTATION & MOBILITYBESPOKE FOR ALL

With consumers demanding automobiles that reflect their lifestyles and personalities, the Transportation & Mobility (T&M) industry is under intensifying pressure to increase the level of vehicle customization it can offer. This shift requires manufacturers – both OEMs and their suppliers – to become significantly more agile and responsive. Today, new software solutions for digitalizing the extended enterprise are helping companies to anticipate customer demands and collaborate efficiently to achieve mass customization.

#11COVER STORY

THE RISE OF PLATFORM BUSINESSHow digital networks are changing competition

Whether we have purchased a book through Amazon or watched videos on YouTube, most of us have used a digital platform – an online framework for social and marketplace interactions. From Alibaba to eBay to Google, platform dealings have become part of everyday life for consumers. Now businesses are creating these high-value exchange environments to facilitate interaction with one another and, in the process, a pivotal change in the way businesses compete.

#11COVER STORY

BIG PROFITS FROM BIG DATAPlatforms create another potential revenue stream with platform-generated data

Platforms collect data from many sources, with multiple benefits for the platform provider and member companies. The data they generate can enable the platform company to make smart business decisions, while opening new markets to its members. Whether a platform operator chooses to analyze the data itself or sell it to others for analysis, the data represents money to be earned.

#11COVER STORY

COMPLEMENTARY GROWTHOffering related products and services can help platforms keep expanding

A typical product line has linear growth – a direct result of a product or service sold to increasing numbers of consumers. A multisided business platform that connects customers or groups with multiple products or services, however, allows for complementary growth. By first creating a healthy ecosystem, multisided platforms are benefiting from additional revenues by expanding into unexpected areas.

#11COVER STORY

EXPERT OPINION Businesses are moving to platform-powered ecosystems

B2B platforms are very different to launch and to scale from B2C platforms. Ironically, 15 years ago, many people felt that B2B platforms would be more successful than B2C platforms. The opposite happened, partly due to the fact that many large firms were not prepared to relinquish control of their business relationships to a platform, or could not agree to governance principles. Small firms were rarely connected to the Internet at the time and, therefore, could not participate.

#11BUSINESS

MATE RIMACYoung Croatian inventor aims to electrify the entire world of transportation

Starting as a young boy who wanted to build the world’s fastest car, Mate Rimac is now CEO and founder of Rimac Automobili, a Croatian technology company that manufactures high-performance electric vehicles and supplies electric propulsion systems to top global manufacturers of cars, ships and airplanes. Compass spoke with him about the challenges of a startup and his mission to change the future of transportation.

#11SOCIETY

CIRCULAR CITIES Reducing, reusing and repairing to eliminate waste

Cities consume 75% of the world’s natural resources and produce 50% of its waste, according to the Ellen MacArthur Foundation, a UK-based nonprofit organization that promotes the reduction, reuse or recycling of everything. As urban populations grow and the challenges of supply and removal get bigger, policymakers, educators and businesses are working toward a “circular economy,” which seeks to minimize consumption and maximize reuse of products, components and materials.

#11EDUCATION

EDUCATION AND RESEARCH IN 3DLifelike learning helps students achieve while expanding the boundaries of knowledge

For decades, industries worldwide have steadily advanced their businesses with increasingly sophisticated 3D virtual models that accelerate discovery, enable collaboration and improve quality. Although 3D also is proven to help both students and researchers accelerate their quests for knowledge, the technology has been slow to permeate education and research. Compass looks at three new projects that are changing that trend, using 3D to help students succeed in school and improve their job prospects, as well as helping researchers accelerate the pace of medical discovery.

#9COVER STORY

HYPERCONNECTED BUSINESSAlways-and-everywhere connectivity is re-inventing every aspect of business

As mobile devices proliferate, individuals generate data trails that businesses can use to instantly fulfill every whim. Things, too, are getting connected through the Internet of Things (IoT), raising the level of customer experience. The result is a hyperconnected world where communities collaborate to solve challenges and every company must rethink its fundamental assumptions about the business it is in, the services it provides and its relationships with customers, competitors and the world at large.

#9COVER STORY

PLACEMENT GETS PERSONALMarketing tech delivers customized messages to each consumer

You Google “green stilettos.” Minutes later, the pages you surf all feature advertisements for high heels. How? Your browsing ‘cookie’ relayed your search to an ad placement algorithm, which processed automated bids from companies eager to sell just what you want to buy. Personalized advertising is just one way that hyperconnected technology is enabling 1:1 marketing … and the bots will only get smarter.

#9COVER STORY

THE VOICE OF EXPERIENCEArnaud Ribault, Executive Director, Global Sales & Marketing, DS Automobiles

As the luxury division of PSA Group, DS Automobiles - a company launched in 2015 - is a 21st century brand. So we wanted to develop a system of communication, distribution and sales of the 21st century. Our customers are all connected, and this is their way of life. If we want to be with them we have to be in their environment, and so we have an ongoing digital conversation with our customers, primarily on Facebook, Instagram and Twitter. 

#9BUSINESS

THE FUTURE OF WORKWith automation poised to put millions out of work, economists debate if growth can create enough new ones

Since the 1970s, automation has eliminated the jobs of millions of bank tellers, retail cashiers, travel agents, airline front-desk workers and manufacturing employees. With the jobs of truck drivers, airline pilots and even medical doctors now at risk as well, it sometimes feels as if every human job except those of computer coders is destined to disappear. Compass examines the jobs at risk and the forces at work.

#9EDUCATION

TECHNOLOGY AND TRAININGPrograms to help displaced employees learn new skills face a wide variety of challenges

As automation and technology replace more jobs in more industries, displaced workers are finding that the programs intended to help them retrain are riddled with gaps and inconsistencies. In some parts of the world, available training doesn’t match available jobs. In others, funding and accessibility are inadequate. Everywhere, however, the challenges – and the numbers of people in need of help – are poised to multiply exponentially.

#9INDUSTRY

TRANSPORTATION & MOBILITYA UNIQUE EVOLUTION

XYT, originally founded in 2007 as France Craft, builds light modular vehicles that consist of only 600 parts, versus the typical 6,000 to 10,000. Using a modular design approach, the vehicles can be personalized and upgraded simply by replacing the modular components. Compass spoke to Simon Mencarelli, CEO and co-founder of XYT, about what makes the startup and its vehicles unique, and what they may indicate about the automotive market’s future.

#15BUSINESS

RADICAL REINVENTIONBusiness model innovation transforms established industries in surprising ways

Globally, entrepreneurs who are frustrated with ‘business as usual’ are leveraging digital technologies to create entirely new business models, such as an automobile manufacturing company with no factory and a satellite-launch company with no massive rockets. By breaking the rules, these innovators are disrupting industry after industry and forcing traditional industry leaders to rethink their business models.

#6INDUSTRY

ARCHITECTURE, ENGINEERING & CONSTRUCTIONCUSTOMIZED EFFICIENCY

The Permasteelisa Group, based in Italy, is a leading worldwide contractor in the engineering, manufacture and installation of architectural envelopes and interior systems. Compass spoke to Permasteelisa IT project manager Federico Momesso and communication manager Massimiliano Fanzaga about how the company is adopting more standardized technologies and processes to better meet the construction industry’s growing demand for customized building systems on short timelines.

#5PANORAMA

JOAN ROCAMixing flavor with emotional experiences

Take three brothers’ unique culinary skills, add a generous pinch of passion, blend avant-garde techniques with traditional Catalonian flavors, and what do you get? El Celler de Can Roca in Girona, Spain – the highest ranked restaurant in Restaurant Magazine’s 2013 list of “The World’s 50 Best Restaurants” and holder of three Michelin stars. Compass spoke to head chef Joan Roca to discover the secret ingredient to the success he has created with brothers Josep (wine director) and Jordi (pastry chef).

#4INDUSTRY

FINANCIAL & BUSINESS SERVICESINNOVATIONS IN INVESTING: Radical changes in market conditions require new solutions

Amin Rajan, chief executive of CREATE-Research, a research boutique based in London, UK, orks with financial institutions in general and asset managers in particular to improve their innovation processes. Rajan’s latest study focuses on innovation challenges for asset managers who invest US$65 trillion in assets worldwide, yet lag in innovation. In an interview with Compass, Rajan spelled out his recommendations for adapting to this new era.

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