We learn so much from the founders, creators and innovators we have the pleasure to work with in our Oracle for Startups and Oracle for Research programs. Having a front-row view into the world of startup and research innovation ecosystems provides a wealth of insights, information and learnings. In a highly unpredictable 2020, we got a few guesses right with last year’s predictions piece. Here are my thoughts on things I believe we’ll see happen in 2021.
Food insecurity and hunger aren’t new issues. But just like everything else, they’ve been accelerated because of Covid. Due to pandemic shut-downs, social distancing and job losses, 50 million new people have entered into poverty conditions and food insecurity in 2020. And those numbers are conservative. In our increasingly virtual world, with less quality food easily available, the numbers will only increase. But there’s hope.
I think 2021 will see ingenuity and strategic partnerships sprout due to the fast-rising need, human awareness and compassion. The private sector will join forces with the government to see the beginnings of change. Companies like Whole Foods, Walmart, Uber and others will partner with innovative founders and builders to provide solutions that can be boosted by our government. We are seeing it with the innovators and researchers we work with at Oracle for Startups and Oracle for Research. In fact, I believe our programs will see a 20% increase in technologies trying to solve for food insecurity and food sustainability.
It might not be the most glamorous industry, but it’s ripe for disruption. We’re seeing it with many startups that are advancing their solutions with Oracle’s cloud products and expertise. With its complete digital solution for healthcare construction, startup ATLAS is making sustainable, cost-effective and scalable facilities available to improve global healthcare access. Denmark-based Concur uses IoT and sensors to provide real-time quality and insights about concrete—making “dumb concrete smart.” And Reconstruct uses its 3-D visual platform to make remote construction monitoring possible.
“Startups are co-innovating with us, complementing our cloud offerings like Primavera to drive new possibilities for our customers,” said Burcin Kaplanoglu, Executive Director, Innovation Officer, Oracle Global Business Units.
Whether it’s innovations in brand-new construction, or rethinking and optimizing building space for a new remote-working world, this industry will see massive innovation this year. In the United States, we saw a slowdown within the supply chain for construction, but an increase in demand for new building and home improvement, which created a huge spike in construction. The industry will remain strong through 2021 and will create areas of innovation opportunities as people need to collaborate, design and execute on projects.
The agreement between Israel and the United Arab Emirates (UAE) will unleash innovation and business opportunities not just for these unique ecosystems but worldwide.
Israel is the Startup Nation, but the UAE has been earning its own technology and entrepreneurial chops. Look for benefits to go both ways. Israel gets access to the UAE’s investors and the ability to collaborate on tech, and vice-versa.
While Israel has traditionally focused on the United States and Europe, the UAE has ties to the east. As Dr. Sabah al-Binali, GCC VC Partner and Head of the Gulf Region at OurCrowd, said recently: “We can help Israeli businesses enter new markets in the Muslim world, including the huge opportunities in Malaysia, Indonesia and Pakistan.”
Israeli startups are known as pioneers. Driving agritech, AgroScout’s AI drone platform is boosting crop production and food sustainability. We’re also seeing sharp increases across the Middle East with innovators like Awini App (Riyadh), Reengen (Istanbul), and Mawlny (Jeddah). Growth from startups joining our program from the Middle East is up 297% YoY. Their collective innovation and collaboration will unlock and unleash new business opportunities across the globe.
Cloud-based high-performance computing (HPC) capacity is allowing even small startups to compete with established players in fields that require storage, processing, and analysis of massive amounts of data. Think biomedical research, video streaming, AI analysis, and advanced engineering. Data volumes are exploding. The global datasphere will grow from 35 zettabytes in 2020 to 175 zettabytes by 2025, according to IDC. That’s an incomprehensible 1 + 21 zeros. Consider that nearly 30% (and growing every year) of that data requires real-time processing, and you understand why startups are claiming their place at the HPC table.
The number of AI, machine learning, and big data companies enrolling in our Oracle for Startups program has grown more than 20% this year. Among them, AI and analytics startup Kinetica is tapping Oracle Cloud HPC capacity to analyze huge datasets, including drone data collected on the San Francisco Bay to combat pollution.
The board of directors is one of the most integral parts of a startup’s internal management structure. These individuals have great responsibilities, including fiduciary and ethical duties, to act in the best interest of the company. It’s an honor and a privilege that requires dedication, discipline and integrity. Unfortunately, the role has also become lax in today’s capital-flushed investing world where seemingly anyone with a checkbook can qualify as a board member. And even some seasoned venture capitalists have come into question.
We’ve seen many epic fails where sound board governance didn’t prevail. But it is happening with lower profile startups, and it can greatly harm innovation for the startup and the ecosystem. Growth-at-all-costs mantra is a failed experiment. Yes, more money can help build a competitive moat, but it can also lead to blind spots and stupidity.
Sound business principles and fiscal responsibility will make a return. That starts with board members leading with integrity. I alluded to this in last year’s predictions. So, pardon my wishful thinking for this year.
From disrupting industries with gatekeepers—think healthcare, government, education—to startups partnering with corporates, partnerships will play a critical role in driving innovation in 2021. To break through in highly regulated and bureaucratic industries, innovators are going to need partners as key allies both within those specific industries and with big tech.
We’ve seen it with healthcare and medtech startups seeking technical advice for architecting highly secure and complaint environments. Or startups needing advice and credibility to penetrate government and financial customer ecosystems. Startup ingenuity will always be a primary driver, but momentum and progress accelerates with the right partners.
Today’s cloud technologies are becoming increasingly more commoditized and portable. And while cloud providers are showing their strengths (think Oracle and HPC), the strategy of using multiple cloud providers is the future. Think of recent outages that have taken down a big chunk of the internet and many businesses. With a multicloud strategy, these businesses could have shifted resources to another infrastructure provider and not missed a beat.
“A cloud failure should not become a disaster. Never again,” said Laurent Gil, CPO and Co-Founder at CAST AI, a startup in our program. “You can rest easy knowing that your infrastructure is never down.”
Public clouds have tremendous benefits—but lock-in should never be one of them. Price-performance, interoperability and security will drive your partner selections.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
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Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
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10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
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General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
