Only the strong (ideas) survive
Digitization is teamwork — extending beyond company limits. In this context, wisdom is not written in stone — rather, there is a “validated learning” and insights are assessed and if need be corrected time and time again. Many methods for developing digital business models, products, and services originate in the start-up field and are largely the result of inadequate resources. Nevertheless, established companies can adapt them for themselves, because the development of digital solutions needs to progress at a rapid pace, as technological development is occurring in ever shorter cycles today. The processes involved in software development cannot be compared with the time periods that a mechanical engineer needs to develop a new generation of machines. In the past it took years to reach product maturity, but today agile teams provide initial prototypes after just a few months.