The key for most companies in a rapidly digitizing world is to take stock of what Silicon Valley has to offer for their own circumstances and then to chart a course accordingly.

Source: How should you tap into Silicon Valley? | McKinsey & Company

Take a look at this McKinsey post and don’t get discouraged by the large North American bank, GE and Walmart examples. Their “Practical Playbook” isn’t that practical for many organizations and probably not yours. But there are other ways to capitalize on today’s innovative technologies, at a fraction of the traditional costs, while mitigating much of the traditional risks.