A Quote by Antoine Arnault
The luxury industry is being radically reshaped by technology-driven innovation.
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Every innovation makes its appearance as a 'luxury' of the few well-to-do. After industry has become aware of it, the luxury then becomes a 'necessity' for all.
If the whole U.S. was like Silicon Valley, we'd be in good shape. But now, the entire U.S. is not driven by technology, is not driven by innovation.
Technology for technology's sake is not innovation. What we in the industry have to be concerned about is what products do, as opposed to what the processing power is.
Sustainable solutions based on innovation can create a more resilient world only if that innovation is focused on the health and well-being of its inhabitants. And it is at that point - where technology and human needs intersect - that we will find meaningful innovation.
I don’t really like the Hollywood blockbuster bandwagon that exists right now. The industry and the advent of all the technology, has kind of lost its way. It’s become very franchise driven and superhero driven.
If you look across the economy, if you have multiple players in an industry, you have more customization, more innovation, greater choice for consumers. The more you have consolidation, the less likely you are to invest in innovation. It becomes all about driving down cost and mass production. And that's not good for innovation in an industry.
Innovation is what we're going to need for the future, and that's always been a part of the technology industry.
We live in a technology-driven world so I want to ensure our educational system teaches in a technology-driven way.
The beauty industry is always led by innovation. When you think about over the past three or four years, some of the best innovation in our industry has come from Korea.
Generally, the technology that enables disruption is developed in the companies that are the practitioners of the original technology. That's where the understanding of the technology first comes together. They usually can't commercialize the technology because they have to couple it with the business model innovation, and because they tend to try to take all of their technologies to market through their original business model, somebody else just picks up the technology and changes the world through the business model innovation.
I have always been interested in following the technology that I feel are presenting themselves as true industry and innovation.
Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry.
I think, particularly in our tech industry, this is an industry that has violent innovation and then commoditization, and it's a cycle of innovation/commoditization.
The mania started with insomnia and not eating and being driven, driven to find an apartment, driven to see everybody, driven to do New York, driven to never shut up.
The way the world is going, it's technology driven. And it isn't just driven by the old super powers, it's driven by the far east and new emerging economies.
The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich people, only to become, after a time, an indispensable necessity taken for granted by everyone. Luxury consumption provides industry with the stimulus to discover and introduce new, things. It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been gradually raised.
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