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New Technologies: Destruction Or New Opportunities? Or Both…

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Abstract

When people mention ‘new technologies,’ they are typically referring to the ones that transform, or create, business models, and have a deep impact on the organization and/or its processes. Other technologies could also be complex but are in fact just a day-to-day technical upgrade. New technologies are all about innovation together with disruption and cut across the entire organization. While the first key step is to start the process, the change itself needs to be managed more cautiously and steps must be taken to ensure it is methodical, coordinated, and instituted step-by-step. In this article, I will share our experiences in practice and walk through what we have done in the artificial intelligence domain.

Suggested Citation

  • Derungs, Thierry, 2018. "New Technologies: Destruction Or New Opportunities? Or Both…," Journal of Financial Transformation, Capco Institute, vol. 48, pages 104-111.
    • Handle: RePEc:ris:jofitr:1617
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    More about this item

    Keywords

    new technology; innovation; wealth management;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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