Explore P&C Global’s quantum computing breakthrough in risk management. Unlock transformative solutions with us.

At A Glance

35%

Reduction in Decision-Making Time

$50M

Approximate in Annual Savings

The article “The Incumbents’ Deep-Tech Strategy Playbook” from MIT Sloan Management Review provides key insights and recommendations for incumbent companies looking to engage with deep-tech ecosystems. Here are the key findings and recommendations for a senior executive audience:

Deep Tech Defined

The Power and Potential of Emerging Technologies ​

Deep tech, defined as the innovative use of emerging physical technologies enabled by digital technologies, is poised to solve large-scale problems, and create transformative growth opportunities for businesses. By leveraging these advanced technologies, leaders can address significant challenges and reshape entire markets. For instance, synthetic biology, a deep tech field, could impact industries that account for as much as 30% of global gross domestic product by 2030.

Commercial Success in Deep Tech

The Role of Established Companies

The commercialization of deep tech often requires the strategic involvement and operational support of established companies. A prime example is the development of mRNA vaccines. Pfizer’s partnership with BioNTech, a university spinoff, led to the development of a record-profit-making COVID-19 vaccine. This example illustrates how established companies can leverage their resources and expertise to bring deep tech innovations to market successfully.

Pioneering the Future of Robotics

Boston Dynamics stands as a testament to the transformative power of deep tech in the realm of robotics and engineering. Garnering worldwide attention with their series of captivating YouTube videos, they’ve showcased robots with capabilities that were once thought to belong solely to the realm of science fiction. 

From Cheetah, a robot that can outpace the world’s fastest human, to Atlas, a humanoid adept at parkour, and SPOT, a versatile robot capable of navigating complex terrains and performing tasks like opening doors and stacking dishwashers, Boston Dynamics has consistently pushed the boundaries of what’s possible. 

By focusing on tasks that are too hazardous, monotonous, or challenging for humans, Boston Dynamics is not only advancing the field of robotics but also redefining the interface between humans and machines.

Navigating the Deep Tech Landscape

Risks and Strategic Approaches

The journey to successful commercialization is fraught with risks. Investing in deep tech too early can be counterproductive, but delaying too long or choosing the wrong approach can also be detrimental. At Boston Dynamics, for example, the intricate nature of their technology meant that the path to commercialization was often uncertain. Yet, their commitment to addressing design challenges and enhancing robot mobility, perception, and intelligence has positioned them as leaders in the field.

The authors propose a three-step deep-tech playbook to help executives identify and execute their deep-tech engagement strategies. The first two steps involve assessing the urgency to act on challenges and the innovation momentum of the surrounding ecosystem. The third step, which is not detailed in the summary, presumably involves formulating and executing a strategy based on these assessments.

P&C Global's Deep-Tech Playbook: A Comprehensive Guide for Engagement — We’ve developed a deep-tech playbook to help our clients identify and execute their deep-tech engagement strategies. This playbook is based on our extensive experience in the field and our understanding of the unique challenges and opportunities presented by deep tech.

Quantum Computing at P&C Global

Revolutionizing Industries and Staying Competitive

For instance, consider the field of quantum computing, a deep tech area with the potential to revolutionize industries from cryptography to pharmaceuticals. By following our playbook, a company could assess the urgency of integrating quantum computing into their operations, formulate a strategy for engagement, and then execute that strategy to stay ahead of the competition.

Case Study

Transforming Risk Management with Quantum Computing

We recently embarked on a transformative journey with a top 20 globally-ranked financial institution, leveraging the power of quantum computing to revolutionize their risk management processes. The path was not without its challenges, but our deep-tech playbook guided us through.

Overcoming Challenges

From Apprehension to Implementation

The client’s traditional computing methods were struggling to efficiently process the vast amounts of data involved in their risk assessments. The first hurdle was the client’s initial apprehension about the unfamiliar technology. We addressed this through comprehensive education sessions, demystifying quantum computing and illustrating its quantified potential. Next, we faced the technical challenge of developing a quantum algorithm tailored to the client’s needs. Our team of experts worked tirelessly, testing, and refining the algorithm until it could process data in a fraction of the time taken by traditional methods. The implementation phase presented another set of challenges, including integrating the new technology with existing systems and training the client’s team to operate it and recruiting a world-class team to continue its product development and innovation. We provided hands-on support throughout this process, ensuring a smooth transition.

Tangible Outcomes

Efficiency, Savings, and Strategic Advantages

The result? A 35% reduction in decision-making time, translating into annual savings of approximately $50 million. Furthermore, the improved accuracy of risk assessments potentially saved the client up to $200 million in avoided risky investments.

Conclusion

Embracing the Deep Tech Revolution with P&C Global

This engagement underscores the transformative potential of deep tech when leveraged strategically, despite the challenges. We are at the forefront of this revolution, ready to guide you through the complexities of deep tech integration. The future is here, and it’s powered by deep tech.

We are here to help you navigate this complex landscape. We invite you to leverage our expertise and our deep-tech playbook to unlock the transformative potential of deep tech for your business.

Reach out to P&C Global today and let’s shape the future together.

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