In a survey of executives from 91 companies with revenue greater than $1 billion across more than 20 industries, Innosight asked: “What is your organization’s biggest obstacle to transform in response to market change and disruption?” Forty percent of survey respondents blamed “day-to-day decisions” that essentially pay the bill, but undermine our stated strategy to change.” It was by far the most prevalent response. The next most popular answer, at 24 percent, was “lack of a coherent vision for the future.”
44% of younger users (those ages 18 to 29) say they have deleted the Facebook app from their phone in the past year, nearly four times the share of users ages 65 and older (12%) who have done so.
The biggest and most noticeable jump comes in Netflix hours watched – a number which we believe may be too good to be true. While we have not seen the exact methodology of these calculations, we do know that in December it was announced by Netflix that users were watching approximately 140 million hours per day. This works out to roughly 100,000 hours per minute according to our math, which is still mind-boggling.
Define a minimum viable product (MVP) and subsequent incremental steps that will deliver the required features one by one up to the completion of the work, possibly using agile methodologies such as Figure 11 fees due to suppliers that will only be paid out on the completion and verification of each of these steps. It is also recommended that the product be made available to experimental users without waiting for all steps to be completed in order to identify any problems, critical factors or risks as soon as possible.
|Keep calm and use an API||Avoid biases at all cost|