Paul Brody is a Global Innovation Leader in BlockChain Technology and a Solution Leader in the Industrial Internet of Things at EY. Paul has spent more than 15 years in the electronics industry and has done extensive research for his clients on technology strategy. Paul understands that technology is deeply rooted in strategy, but it gets complex as new technologies and disruptions arise in our modern world. For example, the moment self-driving cars are perfected, it will cause a huge disruption in our economy, so how can we navigate through it? Find out more on this week’s episode.
03:15 - How would Paul characterize the impact technology is having on established businesses today? 04:25 - How does Paul get his clients to recognize that technology plays an important role in business strategy? 06:10 - Failure is still seen as a taboo in large organizations, but we need a bit of failure in order to create innovation. 07:35 - Large organizations have not been able to differentiate between good failure and bad failure. 08:15 - What insights does Paul have on companies who try to encourages a ‘failure culture’? 11:15 - In Silicon Valley, it’s quite common for entrepreneurs to fail and then go back to traditional businesses. Businesses even welcome them with open arms! 16:20 - What kind of industries is Paul paying close attention to? 21:40 - What are some of the warning signs that show a company is not ready to handle a complete 10x in productivity of their industry? 22:50 - It’s getting harder to tell whether companies are prepared for drastic change in their market. 22:52 - For companies that are serious in getting ahead, there are two factors they have to consider and follow through on. Paul explains further. 24:00 - Most people became interested in BlockChain due to Bitcoin, but Paul got involved with BlockChain for different reasons. 27:15 - Paul is not a big believer in big data or in the data-mining model. 29:50 - What advice would Paul give to intrapreneurs listening to this show? 34:30 - Are business models really evolving or is it just a repeat of a tried-and-true method? 37:35 - Bank crises have been a staple of Western economies. This is way technology like BlockChain and trust in the Bitcoin have become rampant. 39:00 - What advice would Paul give to his kids on how they should position themselves in such a dramatically changing world? 41:40 - Machines will do a lot of the leg work for us, but they can not replace that very intimate and personal human interaction. 44:35 - What has Paul changed his mind about recently? 45:55 - What does Paul do to remain creative? 48:20 - What does Paul attribute his success to in life?FULL SHOW NOTES: http://innovationecosystem.com/high-stakes-industrial-innovation:-a-view-from-silicon-valley-with-paul-brody/
