Virtualization is the norm in many businesses, and AI is playing a valuable role in adopting new equipment in a seamless manner. Cloud-based operations often rely on provisioning virtual hardware in response to changing demand, and AI is at the core of making these decisions.
Why are Startups adopting faster than Corporates?
We need a different approach to innovation and implementation when comparing Startups versus Corporates. To quote Steve Blank: “In the last few years, we’ve recognized that a startup is not a smaller version of a large company. We’re now learning that Corporates are not larger versions of Startups.”.
Corporates have to be afraid of things like
Reputational damage – When a client or corporate data is involved in the product development process, failures may damage the brand and reputation.
Lost investment– Many start-ups fail, so the investment risk for corporates is high compared to their usual investment projects.
Misaligned employees – Corporate employees are trained to follow processes and tend to regard failure as jeopardizing their career. They might feel threatened by the start-up’s unfamiliar culture and remain overly protective of the status quo.
Unsure outcome – When projects include unfinished products or work with start-up entrepreneurs and inexperienced teams, results are difficult to predict.
Maturity misalignment – When corporates engage with start-ups that are proposing a new business model or a new technology that the corporate enterprise is not yet ready to adopt or to experiment with, this inherently leads to a fruitless collaboration