But the crux of the CES challenge is separating real paradigm shifts from parlor tricks. Once you’ve made that distinction, you are left with a view of technologies poised to disrupt all sectors over the next 18 to 36 months – and THAT can be terrifying. THAT is what makes CES simultaneously uncomfortable and unmissable.
Still, smart business leaders know how to be comfortable with being uncomfortable. They recognize the value of pushing their teams outside their comfort zones, realizing that if they don’t, they could soon find themselves off of the Fortune 500.
As past CES events reveal, companies big and small have placed bold, and undoubtedly uncomfortable, bets. Understanding those bets – and the technology disruptions making them necessary – are the real reasons for attending. If you’ve decided to make the leap, here some of the many types of opportunities to watch for:
Disruptive business models
New business models create the ultimate discomfort, driven in part by fear that a clever startup like Uber, AirBnB or Dollar Shave Club will come out of nowhere to unseat an industrial-era model that has worked for decades (or even a century). Keep an eye out for signs of emerging models in your particular niche. Past examples include:
- Telcos and TV OEMs attempting to monetize (in a privacy-friendly way) the goldmine of data flowing through their pipes and across their screens.
- Automobile manufacturers – always front-and-center at CES — communicating their experiments with ride sharing models.
- Dish Network has been particularly aggressive with its built-in, ad-skipping DVR technology and more recently the launch of its SlingTV at CES 2015.
A recurring CES theme, unlikely alliances cause even the sharpest competitive business leaders to utter, “Why didn’t I think of that?” or “What do they get that Idon’t get?” Examples of briliant past alliances include:
- Ongoing collaboration between competitors Toyota and Ford on telematics systems (making major announcements at CES 2016 and 2017).
- Ford and DJI’s partnership on a developer challenge aimed at equipping first-responders with F150s and DJI drones capable of taking off from and landing on a moving vehicle.
- Amazon’s collaboration with many, many partners in 2017 to integrate Alexa into everything from cars to refrigerators.
Organizing for innovation
Many enterprises still struggle with how to structure for innovation – including how to craft the right formula for incentivizing employee and partners to participate. CES has shone spotlights on vendors and brands that have done this well. For example:
- Samsung’s C-Lab, launched over six years ago, has used CES to debut new C-Lab products since 2016. Expect three new C-Lab products to debut at this year’s CES.
- Many brands employ various strategies to leverage the speed and innovation of the startup community, including shark-tank style competitions, where award decisions are made in back-room meetings at CES.
- Startups themselves have increasingly been leveraging crowdsourced funding via Kickstarter, Indiegogo, and other platforms as an alternative to (or in addition to) more traditional sources of funding. They come to CES’s Eureka Park Marketplace to build buzz for their idea and drive interest in their crowdsourcing campaigns. Combined with trends that lower barriers to entry like 3-D printing and support from retailers like Amazon, breakthrough innovation can now be achieved through multiple paths.
Not all of these efforts will be successful, and that’s okay. Failure is uncomfortable, but again – it’s part of the CES draw. Risk takers embrace innovation and experimentation. And they accept the discomfort of making gut decisions from limited data. They’re not afraid to make bold moves — because even if they fail, they learn (much faster than those who play it safe and comfortable).
If necessity is the mother of invention, getting comfortable with discomfort is the father – and we’ll see them both at CES 2018.