Fusion Strategy
How Real-Time Data and AI Will Power the Industrial Future
Published on 12. March 2024
Book
Hardback
256 pages
978-1-64782-625-3 (ISBN)
Description
Two world-renowned experts on innovation and digital strategy explore how real-time data and AI will radically transform physical products-and the companies that make them.
Tech giants like Facebook, Amazon, and Google can collect real-time data from billions of users. For companies that design and manufacture physical products, that type of fluid, data-rich information used to be a pipe dream. Now, with the rise of cheap and powerful sensors, supercomputing, and artificial intelligence, things are changing-fast.
In Fusion Strategy, world-renowned innovation guru Vijay Govindarajan and digital strategy expert Venkat Venkatraman offer a first-of-its-kind playbook that will help industrial companies combine what they do best-create physical products-with what digitals do best-use algorithms and AI to parse expansive, interconnected datasets-to make strategic connections that would otherwise be impossible.
The laws of competitive advantage are changing, rewarding those who have the most robust, data-driven insights rather than the most valuable assets. To compete in the new digital age, companies need to use real-time data to turbocharge their products, strategies, and customer relationships. Those that don't risk falling on the wrong side of the next great digital divide.
Fusion Strategy is the way forward.
Tech giants like Facebook, Amazon, and Google can collect real-time data from billions of users. For companies that design and manufacture physical products, that type of fluid, data-rich information used to be a pipe dream. Now, with the rise of cheap and powerful sensors, supercomputing, and artificial intelligence, things are changing-fast.
In Fusion Strategy, world-renowned innovation guru Vijay Govindarajan and digital strategy expert Venkat Venkatraman offer a first-of-its-kind playbook that will help industrial companies combine what they do best-create physical products-with what digitals do best-use algorithms and AI to parse expansive, interconnected datasets-to make strategic connections that would otherwise be impossible.
The laws of competitive advantage are changing, rewarding those who have the most robust, data-driven insights rather than the most valuable assets. To compete in the new digital age, companies need to use real-time data to turbocharge their products, strategies, and customer relationships. Those that don't risk falling on the wrong side of the next great digital divide.
Fusion Strategy is the way forward.
Reviews / Votes
Advance Praise for Fusion Strategy:"Fusion Strategy will be the definitive way for industrial companies to win against new competitors." - Indra K. Nooyi, former Chairman and CEO, PepsiCo; Member of the Board, Amazon
"I would strongly recommend that executives in industrial businesses read this book and learn how to integrate hardware and software to create customer value." - Vimal Kapur, CEO, Honeywell
"Fusion Strategy is a masterpiece. . . ." - Linda Yates, founder and CEO, Mach49
"Fusion Strategy will become part of the vocabulary of how we think about winning." - Marc N. Casper, Chairman, President, and CEO, Thermo Fisher Scientific
"Fusion Strategy is going to be central to unlocking value creation and securing the future success of every company." - Shailesh Jejurikar, Chief Operating Officer, Procter & Gamble
"A compelling vision for the next wave of digitization . . . . This is a great book." - Jeff Immelt, former Chairman and CEO, General Electric; Venture Partner, New Enterprise Associates
"Reading Fusion Strategy has been a truly mind-expanding experience for me." - Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, India
"Govindarajan and Venkatraman have pointed corporations toward a North Star during some of the most challenging times." - Kinya Seto, President and CEO, LIXIL, Japan
"Fusion Strategy is essential reading for all our managers." - Anish Shah, Managing Director and CEO, Mahindra Group, India
"Fusion Strategy is an important book for our leaders as it makes the case that real-time insights have now surpassed assets as the most valuable competitive advantage that every company must seek." - N. Chandrasekaran, Chairman, Tata Sons; former CEO, Tata Consultancy Services, India
"Fusion Strategy moves beyond the buzzword hype around data and AI and brings much-needed clarity and strategic direction to the backbone of our economy-the industrial sector." - Marc Bitzer, CEO, Whirlpool Corporation
More details
Language
English
Place of publication
United States
Product notice
Cloth over boards
Illustrations
Illustrations
Dimensions
Height: 237 mm
Width: 161 mm
Thickness: 22 mm
Weight
496 gr
ISBN-13
978-1-64782-625-3 (9781647826253)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Vijay Govindarajan | Venkat Venkatraman
Fusion Strategy
How Real-Time Data and AI Will Power the Industrial Future
E-Book
03/2024
Harvard Business Review Press
€33.99
Available for download
Persons
Vijay Govindarajan (VG) is widely regarded as one of the world's leading experts on strategy and innovation. He is the Coxe Distinguished Professor at Tuck School of Business at Dartmouth College and a former Marvin Bower Fellow at Harvard Business School. He is the author of the bestselling books Reverse Innovation and The Three-Box Solution.
Venkat Venkatraman is the David J. McGrath Jr. Professor in Information Systems at the Questrom School of Business, Boston University. He is considered one of the foremost authorities on how companies develop strategies to win with digital technologies.
Venkat Venkatraman is the David J. McGrath Jr. Professor in Information Systems at the Questrom School of Business, Boston University. He is considered one of the foremost authorities on how companies develop strategies to win with digital technologies.