Keep up to date with Digital Business Trends and what is happening in TheNTWK Community with our Newsletter. Learn from others and share your experiences at TheNTWK, the hub of knowledge for digital business models.
Microsoft Hires Sam Altman Hours After OpenAI Rejects His Return
The announcement capped a tumultuous weekend.
"The board of directors of OpenAI, the high-flying artificial intelligence start-up, said in a note to employees on Sunday night that its former chief, Sam Altman, would not be returning to his job while naming his second interim replacement in two days.
Hours later, in another head-spinning move, Microsoft said it was hiring Mr. Altman and Greg Brockman, OpenAI’s president and a company co-founder who quit in solidarity with Mr. Altman. The two men will lead an advanced research lab at Microsoft. Emmett Shear, the former chief executive of Twitch, will replace Mira Murati as interim chief executive of OpenAI.", - shared The New York Times.
We invite you to a discussion in our community about this weekend's news.
Ecosystem Governance: Ensuring Fairness and Fostering Trust
How do we ensure fair governance in managing ecosystem relationships? To establish fair governance, a platform firm must:
- Manage relationships with ecosystem partners.
- Educate partners on ecosystem governance.
- Avoid conflict of interest.
- Institute a partner program.
"Platform firms need to establish fair governance, particularly in managing their relationships with partners in the ecosystem."
Landscape 2023: Start-ups Drive the Circular Economy
Who's powering the circular economy?
Check out this infographic from Circular Republic featuring these key areas of innovation:
♻️ Circular inputs
♻️ Product-as-a Service
♻️ Sharing platforms
♻️ Product lifetime extension
♻️ Resource recovery
♻️ Circularity enablers
Forrester’s Top 10 Emerging Technologies in 2023 and Beyond
Find out Forrester Research reports on the top ten emerging technologies and when companies can expect them to deliver a return on investment:
< 𝟮 𝗬𝗘𝗔𝗥𝗦 👉 generative AI, autonomous workplace assistants, conversational AI.
𝟮-𝟱 𝗬𝗘𝗔𝗥𝗦 👉 decentralized digital identity, edge intelligence, explainable AI, TuringBot.
>𝟱 𝗬𝗘𝗔𝗥𝗦 👉 extended reality, Web3, zero-trust edge.
Competition vs Collaboration: Rethinking How Businesses Innovate and Grow
The 𝗪𝗼𝗿𝗹𝗱 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗙𝗼𝗿𝘂𝗺 predicts that nearly half of the companies on the S&P stock exchange will disappear in the next ten years: "There is enormous pressure on businesses today to create more and more value. Technology is accelerating at a rapid pace, redefining how and what consumers buy in the process.
At the current churn rate, almost half of the companies on the S&P’s stock exchange will be gone in the next 10 years. These seismic shifts in the marketplace have left organizations with a clear choice: transform at speed or risk total disruption."
Going forward, business innovation will depend on competing by collaborating through ecosystem strategy. Find out the advantages of ecosystem business models over traditional business models and why going alone is no longer enough.
What Leaders Need to Know About Spatial Computing
In an HBR article last week, Cathy Hackl describes spatial computing and outlines its use cases, showing clearly how the convergence of technologies and collaboration across parties is enabling companies to advance in augmented experiences and blend the physical and virtual environments.
She paints a picture on how spatial computing (note: only one mention of metaverse) will change how we interact in the future and how it is a new "platform" for experiences and requires ecosystems for success.
How do you think this will change how we collaborate and connect?
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