Technology solution providers have made enormous progress in recent years, but innovation by itself is no guarantee of a successful venture unless investors see value in the potential use cases for the end product.
Sometimes there is a lack of familiarity with a new technology among the investment community, or it could be a market disconnect, for example if the stakeholder benefiting from the new service is not the one who signs off on payment for it. It is said that utility executives and digital solution start-ups speak a different language, which can delay projects so long that investors are deterred.
The European Chamber of Digital Commerce was initiated this year to address the pressing issues of profitability through proper alignment of technology, policy and financial markets. Specialties include artificial intelligence, statistics, financial modelling, randomisation algorithms, and big data.
This webinar focuses on such alignment as the major key to profitability. Other factors enabling businesses to thrive and shape the digital future include diversity, mitigating risks such as cybersecurity in an increasingly globalised business climate, and swift access to the right information and resources in a rapidly advancing industry.
Key take aways on alignment:
- How do we align disruptive tech innovation to a specific market sector?
- How do we align tech innovators with investors and funding?
- How do we align the tech companies’ offerings with the needs of the customer?
Ria Persad is the Founder & CEO of StatWeather and President of the European Chamber of Digital Commerce. She was recognised by Platts Global Energy Awards as one of the top 7 leaders for Lifetime Achievement and as the International Power-Gen and Renewable Energy Woman of the Year.
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