The investment opportunities for growth in AI, Robotics and Automation will be greater than that of the internet companies like Facebook, Google or Amazon. This was the position of William Studebaker, President, Chief Investment Officer, and Managing Partner at ROBO Global, LLC. He was a featured speaker at the ACG event hosted at the Windows over Minnesota on the 50th floor of the IDS building in downtown Minneapolis.
Minnesota DEED Trade Office hosted a Smart Water Round Table event at the Uponor corporation on May 10th, 2018. Featured were a host of IoT companies showcasing their work in smart water solutions. The audience and speakers who attended came from as far away as Europe and South America. This event came on the heels of the Minnesota IoT Fuse conference. The solutions they covered spanned a vast array of topics including: precision agriculture, water treatment, smart cities, transportation, city infrastructure optimization, etc. The companies also represented specializations in hardware & sensors, data aggregation and analytics, and business model development.
The 2018 IoT Fuse Conference was an amazing event to participate in. It featured a large roster of speakers and covered all layers of IoT stack from hardware, platform, and industry companies. Minnesota is one of the largest and fastest growing IoT ecosystems in North America and is positioned to become a global center of IoT expertise. The opportunity at hand is for Minnesota to recognize the lead it currently has and begin a larger regional initiative to develop it the ecosystem to systematically build, support and attract each layer of the industry by creating true regional advantage for the industry to flourish. It must also understand the growth opportunities of both the immediate horizontal or cross sector integration opportunities to existing industries , in addition, to the vertical sector develop that will eventually occur as IoT itself becomes its own complete sector. Global competition and other US cities are not sitting still and may be more aggressive in their attempts to become a global leader.
Understanding the new frontiers in corporate strategy and innovation was a key theme University St. Thomas Spring Seminar focusing on Risk Leadership. The event was hosted April 25, 2018 on the UST campus located in downtown Minneapolis Minnesota. The event featured keynote speakers and several breakout tracks focusing on Risk Leadership and Risk Managment. The attendees were primarily senior practitioners from twin cities corporations, as well as, SMEs from consulting firms and university students are in the UST Risk Management programs.
The Alliance for Corporate Growth hosted their monthly lunch at the Hilton Gallery on April 17th, 2018. This event was focused on several local companies that specialized in advanced food technologies. Their stories on how they are revolutionizing the food industry and paving the way for an entirely new age of healthy food was inspiring.
Some of the major challenges facing society is the level of overall illness that has been created by the current agriculture and food industries that are more focused on profits than actually on the nutrition and health of their products they are selling to consumers. Another global challenge is the exponential population growth rates in many countries around the world. This increase places huge food production and transportation issues for the industry. One statistic shared stated that in the next 40 years we will have to grow 4000 times the amount of food that we have in the past just to feed the world’s population. The talk also covered more Trends that are impacting the food industry overall. Continue reading “ACG – Food Technology”
CornerHouse hosted its annual fundraiser at the Golden Valley Country Club this week. It is hard to describe the emotional impact of attending this event and listening to parents and children tell their stories of abuse and struggles of lifelong healing on the other side of tragedy. The stories also bring forward key points that abuse is happening in almost every neighborhood and community and many times it is people very close to the children and not strangers. We must all be aware of this and watch for the signs. The courage of these individuals to get up and share their experience is amazing. The need to drive awareness to these issues is paramount as is the work that CornerHouse does everyday.
The event grew quite a bit in size from last years topping around 400 people in attendance and more who likely donated but couldn’t make the event. Several families and police force units announced contributions of over $5000 dollars to the cause. The event opened with an overview of the crisis that included over 20,000 incidents of child abuse reported in Minnesota last year. This not only impacts the children but the entire family. CornerHouse has expanded into family services over the years to meet the needs of the family in concrete with the core mission of supporting the children. The also provide critical interviewing services with the children to support the police in the prosecution of the predators involved in the crimes. CornerHouse is also known worldwide for having some of the best approaches and processes to this space. They have trained centers like themselves in every county in Minnesota, every state in the US, and in many countries around the world.
Being deeply embedded in the community is critical in the operations of these type of support centers. CornerHouse recently announced its expansion from Hennepin into the Rodgers area. Expanding their reach is fantastic but will bring new challenges in terms of scale, bandwidth, and overall risk of sustainability. This is where they need the support of funding from all of us. They are also looking for a new Executive Director to lead in the development of the next chapter of the organization. This person needs to be both visionary and with a strong business background as CornerHouse has tremendous opportunities to grow from a small local service provider into a national and global leader on many business fronts. If you know of qualified business people that would be interested in this new role, please connect them with the organization and their talent search firm of CohenTaylor.
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See more images of the event and speakers in the Gallery
In this blog we will take a look at some top trends in globalization that are facing national and corporate strategies. Globalization had massive momentum before the 2008 economic recession. While many economies have recovered and are growing there are new forces today that are creating challenges to continued global integration.
- The rise of nationalistic goals and causes has created more international tension and is slowing collaboration for united efforts towards shared opportunities and global challenges.
- Many existing agreements like UK Union (Brexit), Trans-Pacific Partnership (TPP), and North America Free Trade Agreement (NAFDA) are falling apart without a new solution to advance the relationships.
- Companies are increasing learning of the difficulties to understand localization of new markets, partnerships and navigating foreign policies. Size alone may not be enough to successful globalize vs. regional relationship and relevance.
- Population growth in BRIC to ICASA is creating new billion+ people markets and equal number of ecological challenges. These areas of opportunity will be disrupted by their own sustainability crisis. Compounding this trends is that the shift to urbanization is no where near complete in these countries and yet their cities and infrastructures are already beyond capacity.
- Development of the middle class is a global concern for both developed and developing nations. Economic growth without opportunity for an aspiring middle class has proven to be unsustainable long term.
- Growing populations have a near term crisis of improving education to make the emerging workforce relevant, as well as, the need to develop new services for their aging populations.
- Corporate involvement in Social causes and infrastructure will increase in terms of time, investment and focus in all regions. Stability, prosperity and livability are key to corporate survivability.
- The competition for natural resources will become ever more at the forefront of all strategies. Both in securing and security the resources a nation has, but to also secure the relationships and collaborations needed to exchange resources with others. This also drive innovation in shifting to new forms of sustainability to reduce critical dependencies on current resources. This will continue to create new opportunities or disruptions for companies that either can or cannot respond to the demand.
- Last century was dominated by the growth of global vertical players. Today the rise of horizontal players and integrators will generate new forms of partnerships and disruptions for the classic business models that will reform business ecosystems.
- The disruptive power of new digital currencies could unseat may traditional financial business models. It does offer potentially a long term promise of a more integrated and audible world of finance, there is still the shorter term maturation and security issues that economies will have endure if they begin down that path.
- While trade and migration are under strain, the rise of data exchange continues to expand exponentially. This is creating new opportunities to understand the worlds big data insights to make better decisions and investments.
- The dark side or dark web continues to rise along with the growth of data exchange. Global investment in securing digital transactions and traceability will be required to maintain stability of markets and economies.
Sources: Harvard, McKinsey, Inc