Dr Calie Pistorius is the Chief Executive and Principal Consultant of DeltaHedron Ltd, a UK-based business consulting firm with a global reach specialising in the management of technological innovation, with a focus on the strategic business opportunities and threats presented by emerging technologies. He is a former Chair of NACI, former Vice-Chancellor of the University of Hull in the UK and former Vice-Chancellor of the University of Pretoria, where was also the Director of the Institute of Technological Innovation. He is registered as a Chartered Engineer in the UK and holds a PhD degree in electrical engineering from the Ohio State University, a masters degree in the management of technology from the Massachusetts Institute of Technology, a bachelors degree in electronics engineering from the University of Pretoria and is an alumnus of Harvard Business School.
Emerging technologies – strategic business opportunities and threats
Technological innovations and emerging technologies bring new opportunities. There are many examples of those who have created a new future with new technologies, spawning new industries, new markets and new sources of prosperity. There is a business risk in not pursuing these opportunities or yielding the field to established or new competitors, either by not embracing the new, steadfastly clinging to the old or fumbling the transition. On the other hand, there are also business risks in that new innovations and emerging technologies can lead to the obsolescence, replacement or demise of mature technologies and destroy established companies, industries and business models. There are also many examples of those who have perished because they have been in denial, ignored the precursor indicators or misread the signals, deployed ineffective strategies or whose organisational cultures could not adapt to the technological change and transition. This paper will explore how the assessment of the opportunities and risks posed by emerging technologies can be addressed as part of a broader approach to the management of technological innovation.