This is often the case, for example, in highly regulated industries where the regulation mindset bleeds over into every decision that is made.
This "black box" issue can be problematic in highly regulated industries such as financial services, in which regulators insist on knowing why decisions are made in a certain way.
And the reality is that it is probably not going to get adopted in the U.S. When you think about a public utility, people think about the pervasive regulation of either governmental or very slow, highly regulated industries like the old AT&T telephone network and energy utilities.
Nof: Our focus is typically on startups with B2C business models operating in highly regulated industries, or creating new markets altogether - where no regulation currently exits.
Like many ambitious startups trying to disrupt highly regulated industries, there can be a temptation to trailblaze first and check on regulations later.
Manufacturing value chains in highly regulated industries that rely on German suppliers and manufacturers are making rapid strides with Industrie 4.0 today.
Manufacturers in highly regulated industries often follow EU rules anyway, in some cases even in the US.
Others, and this is especially true in highly regulated industries like finance and aviation, need to plan on substantial resistance to change.
If you're in automotive, you might look at other highly regulated industries, like healthcare and finance, which manage to experiment considerably despite stringent regulatory environments.
Except in highly regulated industries, companies have historically treated interactions with governments, media, and the public as an afterthought in setting strategy.
