Dear readers, we are proud to announce that ParisTech Review partners with PSL Université Paris and becomes Paris Innovation Review.
The partnership between PSL and ParisTech Review, which gave rise to the Paris Innovation Review, reflects a shared vision: for developed economies, as well as for institutions with a global vocation, innovation is the very key to power. Yet one does not simply decree innovation. Innovation dynamics, on the other hand, can be enabled, by enhancing exchanges between disciplines, between institutions, between cultures, between public and private stakeholders, between researchers and entrepreneurs. An institution like PSL is an exchange enabler. Such is also the vocation of Paris Innovation Review.
Parrot's adventure began in 1994 with voice-controlled organizers. It never became a huge commercial success, but the technology involved was recycled into hands-free car kits, and Parrot quickly became a major player in this market. After that, it started manufacturing communication products for the general public. In 2010, a toy drone controlled by smartphone was launched; this success made Parrot one of the leading manufacturers of consumer drones. Three lessons can be drawn from this experience.
The Chinese healthcare system is facing numerous challenges, which means great opportunities for those western players in the industry who have relatively mature solutions and experiences to offer. However, China is increasingly designing its own way, fully leveraging the power of digitization to bridge the gaps.
Fintech? Over one thousand start-ups, all over the world, whose attempt to disintermediate the financial systems is a key challenge for banks and other financial institutions. A lot of money has already been invested and governments, through incubators, are now in the game. What does the global landscape look like?
Over a number of years, the legal industry has been affected by a troubling change that looks every day less like a science fiction story. Lawyers and legal experts are witnessing the rise of digital services that integrate increasingly complex functions of the legal sector. The rise of Legal Tech has spawned a proliferation of startups focusing on the development of new technologies. Hence, secular jobs, which should have been spared by new technologies, are at the forefront of an assimilation phenomenon by artificial intelligences. Will robots wear court dresses in a near future?
Why does a company like L'Oréal spend 10 times more on advertising than on research? The answer lies within a strategic competition, proving extremely tough in the personal beauty and care sector. This advertising arms race has a cost, paid by consumers. Economists are beginning to take a serious interest in these cases where the more intense the competition, the higher the prices.
The sinking of the British steel industry has resulted in confusing, and sometimes contradictory debates. The politicization of these challenges tends to obscure questions having primarily to do with industrial strategies. Strategies of the concerned companies of course, but also those of States and Europe.
For over a century, cars were made of four wheels, a steering wheel and a driver. And what if everything changed? The explosion of social and technological innovation has transformed the automotive sector into a laboratory of the future. Two trends emerge: the technology race and the “step on the side” approach. With one unifying concept: sustainable mobility.
As long as laws and regulations are not changed to promote further diversity in crowdfunding, the industry will very likely focus on products that have already proven their feasibility. This is unlike in the West, where platforms such as Kickstarter or Indiegogo can promote projects even before their first proof of concept. Entrepreneurs in China can therefore see in crowdfunding an alternative to venture capital in scaling up, or use it as a way to test their markets.
The cofounder of the company that created the world's first computer-animated feature film lays out a management philosophy for keeping Pixar innovative.
With the emergence of new, often disruptive, forms of personal mobility, the automotive industry is facing a drastic change in its role and its relationship with consumers, end-users and society in general. New forms of partnerships are also emerging. Innovation and technology are crucial drivers for these changes, while automotive suppliers are its key actors, alongside OEMs, new industrial players and service providers.
The current price of 50-60 dollars per barrel limits the number of new wells that can be drilled at an economically reasonable price. As a consequence, the drilling activity in the United States collapsed by 50%. Now that OPEC has stopped playing its regulatory role, American unconventional oils may well be the main balancing factor on the market. At the same time, the industry has already begun to adapt very quickly and the possibility of lower costs will play a very important role in this evolution.
Overcoming the pessimism that permeates many visions of the future of the news media, today we find ourselves in a period of intense activity, i.e. in the “creative” phase of a Schumpeterian moment. Many startups no longer rely on advertising and are refocusing on the service provided to the reader. Crowdfunding has freed up initiatives and is allowing for experimentation. Brief.me, a daily newsletter launched in 2014, was born of such experimentation.
Regulating FinTech? Better say forcing their way into the market. Revolution ahead in the European banking business! Since the pressure on banks is high on different grounds, it is very likely that PSD II levels the field and FinTech will profit disproportionally over traditional payment stakeholders and potentially win the race.
Autolib' is a technical, operational and commercial success. This electric car-sharing service which started in Paris and operates in several French cities is now going global: the latest city where the scheme has been adopted is Indianapolis. This rather risky venture was made possible by the alliance between a giant and a startup. Here is its story.
Agriculture and the food industry are quickly entering the era of platform economics. The rapid development of digital interfaces is not exclusively a matter of matching supply and demand. Collaborative platforms have emerged alongside marketplaces, some dedicated to finance, others to exchanging services. Professionals are reinventing and rediscovering older forms of solidarity. Finally, private individuals are also getting in to the game, radically overhauling everyday practices and rewriting codes.
Clextral is an engineering company located in Firminy near Saint-Etienne, France. It employs 275 people including 80 engineers, sells its machines in 88 countries and has subsidiaries and offices on every continent. What's the secret?
With the Model S, Tesla offers not only “the best car in the world,” but also an object from the Silicon Valley, closer in its architecture to a mobile electronic device than to a car, in the conventional sense. The electronics and system architecture but also the streamlined user experience: everything is designed in a framework where models are smartphones and tablets. The result is a car that draws its attractiveness from its own features, including its mechanical performance, and from the enchanting experience it promises, more than from simply rational, technical and economic features. Electronics and automotive technology, the best of both worlds, and beyond! This performance owes much to the personality of Elon Musk and to the culture of the company, which shares both the qualities and defects of a start-up. Will this culture survive to a change of scale?
Automakers are facing four changes that will altogether change the automotive experience in the few years to come. These four innovations, brought from the consumer electronics industry, include Connectivity, Artificial intelligence, Sensors, and Interface. Each of these four disrupting factors, taken independently, is a powerful wave on its own. When combined, they will redefine the industry.