This article explores AI and the some of the potential applications, implications and costs for unprepared industry.

It has been two decades since scientists learned to mimic the ability of the gecko to adhere to any surface reversibly. The critical question is whether this biomimetic technology has found commercial application.

Looking back at historic economic downturns, companies who commit to innovating have won in the long run.

A box or carton or even an aluminum can does not represent a subtle change in protective packaging but rather a potential disruptive shift as the wine industry looks to improve its environmental footprint.

Clients trying to understand how their business is evolving can benefit from taking a step back to look at the current state of intellectual property. A patent landscape analysis helps Nerac clients quickly assess their position within a technology area in terms of their business objectives. The insights can help support critical decisions on new product introduction, go-to-market strategy and market positioning, structural cost adjustments, and more.

Threats to your business: What keeps you up at night?

The systematic and periodic collection, analysis, and synthesis of data related to market actors’ actions, reactions, new product/technology developments, IP filings, and major business news, as well as significant material financial changes and changes in strategic direction.

Nerac’s review of a large number of reports (2016-2017) clearly indicates that no matter what the industry sector, the biggest challenge to a successful digitalization depend on the capabilities of a company’s employees and their ability to transform the organization.

Chaos theory proposes that a butterfly flapping its wings in South America can cause a tornado in Kansas. The “Amazon Effect” is when the digital marketplace grabs significant market share from brick-and-mortar stores. Like the butterfly, this ripples across the supply chain and can cause major chaos for unprepared industries.

Innovation is not a buzzword – it is critical to any company that wants to compete in today’s marketplace. If you really want to innovate you need to understand what it takes, on the management level, the team level, and the information level.