This summer, we hosted the second annual Data Company Conference, where technology leaders from some of the world’s largest companies came together virtually for a gathering of ideas and insights around responsible innovation.
We’ve compiled the top takeaways from the event. If you weren’t able to join us, you can view the recordings here.
Transformational automation is key to closing the innovation gap
The day kicked off with our CEO Jedidiah Yueh, who set the stage of this year’s event by examining the growing imbalance between digital natives and digital laggards—what he refers to as the innovation deficit—and ways in which to overcome that to drive business growth.
Twenty years ago, Yueh said, one in five of the world’s largest companies was a technology company. A decade later, two out of five were technology companies. Fast forward to today, the world’s top five companies in the S&P 500 are tech companies. Their valuations have ballooned by more than 6x from $1.3 trillion combined to more than $8 trillion combined, with companies like Apple worth more than $2 trillion.
The secret engine powering the tech divide, Yueh explained, lies in productivity investments and transformational automation. The most successful companies today, like Microsoft and Apple, outshine large enterprises in three areas: speed, quality, and security. They’re automating the process of innovation, rather than automating a business process or just a few activities.
Listen to the full presentation here.
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