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. …
By Chaitra Nerurkar, with valuable contributions from Nadir Hashmi
The phrase Digital Transformation is commonly used today, referring to everything from an overhaul of a legacy system — to leveraging online systems to engage with customers. As champions of digital transformation, our team at Valence believes in the power of smartly planned and efficiently executed digital transformations to enhance business strategy; we believe that digital transformation is a driving cornerstone of business today. However, it is imperative that individuals understand the definition, the potential impact as well as the processes that lead to success.
Effective digital transformation puts business strategy ahead of digital strategy, whilst interweaving the two. Successful digital transformation solves business problems by focusing on the customer — for example, by decreasing costs, or increasing value — and using technology solutions that cut through business functions, industries, processes to affect change. …
By Renee Christensen
Now that we are firmly immersed in 2020, what digital technology trends are gaining traction as necessities to future success? With businesses facing many external challenges, every company can use an edge in understanding where to invest their resources for the future. The elephant in the room to address is obviously the economic impact of COVID-19 but there are other challenges to keep in mind as well such as the compounding impacts of climate change, the re-hashing of global trade agreements, and the growing consumer-income gap.
Daniel Newman, a contributor to Forbes Magazine, recently called out several trends emerging in the last few years which have reached their tipping point to the mainstream. He notes that while AR/VR, IoT, cloud and edge computing “will continue to be foundational to our collective digital transformation journey”, below are several newer trends which are poised to have a significant impact in 2020 and beyond. I want to highlight three of these trends, as well as touch on AR/VR, since our team has seen concrete evidence of these taking hold and delivering real value to the bottom…
By Jaime Swindle
Our team is excited to showcase our recent Virtual Reality (VR) project designed and developed for Nestlé Purina on Oculus’s breakthrough tether-less headset, the Oculus Quest. We partnered with Nestlé Purina to create a VR training application that enables their colleagues to experience virtual tours of their factories and immerses them in a high fidelity 360-degree environment that takes them step-by-step through the manufacturing process.
By providing a VR factory tour at new staff orientations, Nestlé Purina was able to asynchronously train employees, maintain the manufacturing staff’s focus on production, and dramatically save on travel costs. …
By Ben Parkison and Greg Shaw
Last month, Oculus and Nestle Purina showcased our work at the Oculus Connect 6 Conference (aka: OC6) which we attended in San Jose CA.
OC6 opened with a Keynote by Facebook Founder and CEO, Mark Zuckerberg. In this opening, Mark shared why he believes Virtual Reality is the universal computing platform everyone will use in the future. Here are some important takeaways we noted from our time at OC6.
Empathy Training Using VR
Through the research and understanding of what makes a great connected human experience, Oculus is finding ways to apply the three dimensions on closeness in human relationships (Frequency of interaction, Diversity of Interactions, and Impact of the Experience) to VR. This leading research will enhance and improve not just social VR experiences but also business interactions. …
By Glen Lewis
In the March 13th Harvard Business Review article “Digital Transformation Is Not About Technology,” the authors outlined “Five Key Lessons” that helped them lead their organizations through successful digital transformations. Lesson #2 stated:
“Organizations that seek transformations…frequently bring in an army of outside consultants who tend to apply one-size-fits-all solutions in the name of “best practices.” …our…organizations [approach was] to rely instead on insiders — staff who have intimate knowledge about what works and what doesn’t in their daily operations” (Behnam Tabrizi, 2019).
I would offer that using consultants is not a poor idea — using the WRONG consultants is. …
By Yuri Brigance
This year’s TC Robotics & AI conference had all the proof we need that consumer robotics, powered by the latest Machine Learning science, is quickly becoming a booming industry with lots of investor interest behind it. New ML architectures and techniques are coming out almost every month. It was interesting to see how these algorithms are being utilized to create a new wave of consumer tech, as well as large numbers of service offerings springing up to make ML more user friendly.
There are two particular trends that are very noticeable in this new and growing ecosystem. …
By Ben Parkison
We couldn’t be more excited to attend VOICE Summit 2019 this week in Newark, NJ! Personally, I’m eager to deliver my session on Building Voice Solutions for the Enterprise and engage with voice experts on the latest perspectives, developments, and trends in this exciting space.
In my last two posts, I shared how consumer engagement with voice drives demand in the enterprise space, and how the technology is set to evolve rapidly in the next few years to allow features such as speaker recognition and emotional awareness. …