Artificial intelligence, machine learning, augmented and virtual reality, blockchain and deep data analytics: these and many other innovative technologies are changing the way we live, work, shop and play. More than ever before, entrepreneurs are willing to think outside the box and are disrupting the status quo.
As companies embrace these new opportunities, however, they also face significant challenges — from being able to leverage their data effectively to ensuring the privacy and security of their customers’ information. In a world where businesses are under intense scrutiny and one misstep can ruin a brand’s reputation, businesses need to be agile, responsive and forward-thinking if they want to survive and thrive.
Both opportunities and challenges were at the forefront of discussions at the eighth annual Web Summit in Lisbon, Portugal — one of the largest technology gatherings in the world. Participants were energized, not only by what’s happening today, but also by how things once thought impossible are on the cusp of becoming reality.
In this KPMG report, we share insights from the Web Summit by looking at the conference through the lens of a number of questions that were debated over the week. These questions reiterated a number of themes that speak to the heart of innovation ecosystems, regardless of whether you are a startup or a world-leading Fortune 500 company in your industry: innovation opportunities, financial support, adaptability and agility, productivity and corporate responsibility. In this report, we share speaker perspectives on these themes to provide insights and industry best practices to entrepreneurs and companies juggling the same issues.
Web Summit included numerous sessions that spoke to participants with businesses at every stage of development and the broader innovation ecosystems. Panels ranged from interviews with CEOs and founders of companies that have seen enormous success, to sessions discussing opportunities in specific jurisdictions, the intricacies of attracting or working with venture capital firms and the disruptive technologies changing the faces of different industries.
Throughout the event, however, a
>> Download the full report Success without compromise
In today’s business environment, success isn’t a guarantee. But for entrepreneurs and companies with the right knowledge, mindset and customer-focus, anything is possible.
The professionals in KPMG’s Venture Capital practice can help you take your business to the next level. We know there is an infinite world of possibilities out there for smart entrepreneurs and startups, and while growing a business may not be easy, we will work closely with you to avoid the pitfalls that have brought down many new organizations and help you to seize opportunities for success.
There are new innovations on the horizon waiting for their opportunity to turn the business world on its head. Regardless of what the future holds, there is no doubt that it will continue to evolve around change, innovation, and creativity. For startups able to focus their strategy and vision around people’s evolving needs and are well prepared, there will be plenty of opportunities to grow into the next generation of leaders.