Silicon Valley Innovation Center | Digital Transformation

When someone says Silicon Valley, the first thoughts are fast growth, large profit, and constant innovation. Here are developed today’s greatest inventions. Not so long ago, they also were small. But they continuously replace a year or two old devices with the new. Much more advanced inventions. In recent years, tech advancement has been so significant that has completely disrupted businesses and lives. Many wonder what their secret is? What drives them to be so much better and more innovative than others? The answer is simple — the culture of innovation. Let’s tap into the Silicon Valley culture of innovation to see how they do it. Silicon Valley’s culture of innovation The main strength of tech companies lies in their culture of  innovation . They have a constant desire to progress and be better than others, but they also want to surpass themselves, to be better every day. They develop skills, accept the challenge and take the risk. They are always ready for act...

As has been said many times - employees are the most valuable asset of any company. If your goal is a success, you need to have skilled and engaged employees. However, you also need to retain your top talent in your company. You invested in them, so you cannot easily let them go to your competitors, isn't it? However, retaining of talents is not an easy task. They know how much they are worth and expect to give them more than competitors would give them. Only in this way, they will stay loyal to you. Here are five tips how you can retain your top talents. Use transformational leadership style A transformational leader supports employees, takes care of them and motivates them to follow him voluntary instead of forcing them to work what he says. He builds a culture of change and cooperation where all can freely express their ideas and thus contribute to the company's progress. He focuses the team building, talent development, and collaboration. If you are able to reach ...

The application of digital technology in the oil and gas industry offers significant opportunities for these sectors to streamline their production and increase revenues. The operation strategies of oil and gas companies are in serious need of an overhaul, given that the price per barrel for these fuel sources has been cut in half over the past few years. The application of digital technology like IoT can make the sector once again into a profitable industry by interconnecting assets and collect data to optimize upstream and downstream processes. IT solutions for the oil and gas industry have been transforming the sector over the past several decades. However, investment in information technology in oil and gas is quite low compared to exploration, development, and maintenance of assets. If IT solutions for the oil and gas industry were to increase even a single-digit percentage, the impact on efficiency and thus profits would be massive. The best way the sector can take ...

Innovation is the basis of the sustainable competitive advantage. Only those who continuously innovate can stay long on the market. However, innovativeness is possible just if a company is capable of creating capacity for innovation and applying the digital business transformation. Digital business transformation boost innovation As business environment is changing, the companies need to change as well. Those who do not conduct changes cannot expect the business success. In this regard, a company continually needs to innovate and thus improves its business performance. However, to accomplish that, companies need to create a capacity for innovation and adopt new digital solutions to boost innovation. Exceptional effects can only be achieved through disruptive innovation such as new digital solutions that have brought many changes. The digital business transformation has reshaped the way of doing business. It also has increased customer expectation. They are now much more dem...