Technology Magazine July 2021 | Page 96

LIBERTY GLOBAL VENTURES

Liberty

Global – Our Purpose
" Cloud has driven the acceleration of new businesses , the acceleration of new innovations and the acceleration of more competition . And it has become impossible for even the largest corporations and the largest Research and Development ( R & D ) budgets to keep up with the level of innovation that ' s happening .”
" Look at the turnover in the Dow Jones exchange over the past 30 years . Many of the companies on the premier global trading exchange 30 years ago don ' t exist today . They ' ve been disrupted and replaced . The same thing will be the case 30 years from now . As the pace of innovation accelerates with cloud , compute efficiency , ubiquitous broadband connectivity and distributed workforce , every company , every industry , is faced with a greater threat of disruption .”
" To the extent a company isn ' t in the slipstream of this rapid innovation cycle , they are at some level being disrupted . It is vital to recognise how this accelerated cycle of innovation and concept creation is moving and prepare your organisation to keep , at minimum , the same pace .”
" How do large corporations , in particular , with a certain level of maturity prepare for that disruption ? I believe it ' s important to foster this culture of innovation , where
94 July 2021