BIOGRAPHY
Creating a New Business Based on Data – Incubating the Venture, Pivoting, and Overcoming Challenges

Philippe Armand will talk about Michelin’s approach to transitioning from products to services. He will share the journey of building a new digital business for a novel market. Philippe will discuss how the team pivoted and will share insights and challenges on:

  • Leveraging data for the Mobility data program – incubating the venture and shielding it from the company
  • Pivoting to new territory and changing customers – managing the lag effect and working to understand a very different customer for a very different business
  • Lessons learned in building new digital businesses and operating in a new market
  • Having the skills and the humility to learn from scratch anew
  • Starting with what you have but acknowledging that you may need reinforcements
  • Having the relevant solution ready at the right time
  • Pros and cons of being a late mover vs a first mover educating the market
  • Digital Innovation and Business Transformation
  • Gamechanging Innovation and New Business Models