By: Jim Darrin, CEO
I am excited to announce today that Valence has joined the 5G Open Innovation Lab (5G OI Lab) ecosystem as a Technical Partner. This is an incredibly important milestone for the company given our focus on the next decade of digital transformation. Since the beginning, Valence has operated under the belief that yes, “software is eating the world” and that every company, enterprise, non-profit — you name it — will both feel the impact but more importantly be able to embrace this ongoing transformation.
Our three-prong thesis is simple: the trend of (1) increasingly capable cloud software platforms from Google, Microsoft, Amazon and more plus (2) improved and lower cost hardware platforms from robotics companies, VR headsets (we see you Oculus!), and more plus (3) always-on, high-speed internet access to every part of the physical world will create a cocktail of innovation opportunities like we have not seen before. And 5G is a critical ingredient. This is where we play as Valence: in the middle of that mix is enormous opportunities for companies to build solutions, think of new business models, improve user experiences and more. …
By Steven Fiore
For the last few years “Digital Transformation” has been the buzzword du jour. Behind the phrase itself, was a fundamental desire for businesses to innovate in the digital age and there are plenty of statistics demonstrating why:
56% of CEOs say digital improvements have led to increased revenue.
Digitally mature companies are 23% more profitable than their less mature peers.
Digital-first companies are 64% more likely to achieve their business goals than their peers.
The problem is innovation can be confusing and disruptive, contributing to some more disturbing statistics like:
Of the $1.3 trillion spent on digital transformation in 2018, an estimated $900 billion was wasted when initiatives didn’t meet their goals. …
By Greg Shaw
With the dramatic shift for entire companies and industries to work remotely, we have identified some common challenges or pitfalls that may occur. It’s important to realize the current situation is very different from team members working remotely occasionally or even part of a team working remotely. The undefined timeline of entirely remote workplace environments means we need to consider each aspect of the development strategy from a new angle: from ideation, to agile work streams to deployment.
This article highlights some of the learnings we have found to be helpful at Valence and around the industry. …