Most people think of business innovation as a single ‘aha’ moment that changed the course of history. However, a closer introspection suggests that instead of being moments of inspiration, innovation arose due to a series of coherent steps being taken on a step-by-step basis. If one studies the most innovative companies around today, a common theme will emerge. The names of the companies would be Google, Facebook, Tesla, Amazon and IBM. The theme common to theme all is the enormous data warehousing capabilities they all possess and making use of to glean effective business insights. The most innovative companies are thus not the ones, with the best minds, but simply as a result of possessing the largest treasure trove of data. This trend should alarm policy makers who would want a competitive business scenario, because these data giants are leveraging the same to grow further.


Uploaded Date:17 February 2018

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