Track 3 session 3 - st dev con 2016 - flex - modern product developmert for iot solutions

PRODUCT DEVELOPMENT AND INNOVATION

Greg McNeil

VP & GM – Flex Innovation Labs

The world has changed

By 2020, the Intelligence of Things

will bring 50 billion connected devices to

market, creating $7.1T in TAM.(versus an estimated 10 billion connected devices today)

Cisco 2013 & IDC 2014

Intelligence

Age

152x every

years

Information

Age

252x every

years

Modern

Age

402x every

years

2010

Source: World Bank, Maddison Project, De Long- UC Berkeley

Industrial

Age

1002x every

years

100

1,000

10,000

Ave

rag

e w

orld

GD

P p

er

ca

pita

($

US

D)

0

10

20

30

40

50

1880 1900 1920 1940 1960 1980 2000

Electricity (46 yrs)

1873

Telephone (35 yrs)

1876

Radio (31 yrs)

1897Television (26 yrs)

1926

PC (16 yrs)

1975

Mobile (13 yrs)

1983

Web (7 yrs)

1991

Faster

technology

adoptionYears until

used by 25% of

U.S. population

Ye

ars

Source: Economist 2014

The Opportunity is in Every Sector

Potential

economic

impact in

2025

e.g.10-20% chronic

disease cost reduction

$2 TRILLION

e.g. 2.5-5% operating

cost savings

$500 BILLION

e.g. 25% vehicle damage

cost reduction

$200 BILLION

e.g. 10-20% increase

in crop yield

$100 BILLION

e.g. 100% connected

device growth

$1 TRILLION

e.g. 25% cloud-driven productivity from

reduced IT infrastructure footprint

$2 TRILLION

Source: McKinsey Global Institute

“Mindless habitual behavior is the enemy of innovation.”

Rosabeth Moss Kanter

Viable

Environment

Shared

V

ES

INVENTION

Creation of a new idea or method

without understanding of

markets

Invention, Innovation and Improvement

V

ES

9

V

ES

INVENTION

Creation of a new idea or method

without understanding of

market

INNOVATION

Application of better solutions that meet

new requirements or existing market needs

Invention, Innovation and Improvement

V

ES

V

ES

IMPROVEMENT

Doing the same things better –usually more

efficiently

INVENTION

Creation of a new idea or method

without understanding of

market

INNOVATION

Application of better solutions that meet

new requirements or existing market needs

Invention, Innovation and Improvement

V

ES

V

ES

Creation of a new ideaor method without

understanding of how it will make things better

INVENTION

Application of better solutions that meet new requirements or existing

market needs

INNOVATION

Doing the same things better – usually more

efficiently

IMPROVEMENT

V

ES

“Innovation is the ability to convert ideas into invoices.”

L. Duncan

V

ES

FLEX INNOVATION LABSCUSTOMER

Viable Prototype

Shared Specification

Ideation

V

ES

V

ES

Viable Prototype

Shared Specification

Flex-led Ideation

V

ES

“Failure is the opportunity

to begin again more intelligently.”

Henry Ford

V

ES

20

“We don't know who discovered water,

but we're certain it wasn't a fish.” John Culkin

V

ES

21

V

ES

ENGAGEMENT

22

SPACEV

ES

23

V

ES

RESOURCES

“Do you know what my favorite renewable fuel is?

An ecosystem for innovation.”

Thomas Friedman