June, 2018

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Living Labs and Open Innovation

HYPE Innovation

"Living labs" is a label applied to an array of very different innovation infrastructures that did not make it in the Jargon Madness finals of Forbes but is nonetheless “trendy, but confusing.” In this post, you will learn what it means and how linging labs is a usefuly concept for open innovatino programs.

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A really worthwhile report on Innovation not to be missed from Innovation Leader.

Paul Hobcraft

There has just been a highly useful benchmarking report released by Innovation Leader with KPMG LLP sponsoring this and providing some of their collective insights into the different aspects of “ Benchmarking Innovation Impact 2018″ At present, you can download the report before it might slip behind a paywall at some later stage. I would take advantage while you can.

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The Innovation Sophistication Index

Destination Innovation

How can you assess how innovative your business is? The Innovation Sophistication Index is a list of just 24 statements. For each statement you score one point if you fully agree with it for your organization. Please try the list below now. If your score is less than six then you are probably at Stage 1. This is the Launch phase where the need for innovation is recognised but not much has been achieved so far.

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Two answers you need to improve innovation success

Jeffrey Phillips

I was talking recently with a colleague who had been working in corporate innovation for quite some time. He was discouraged because he felt his innovation activities were really insightful, and had resulted in a product offering that had great value for customers. But in the end the business decided not to commercialize his idea. As we dissected the opportunity and the outcome, two issues became clear.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Where to Get New Ideas… How About the Romanian Food Festival?

IdeaScale

Our family had so much fun at the Smithsonian’s Military Invention Day three weeks ago, we decided to hit the town again and join up with fellow IdeaScale colleague, Matt Paulson , and his family and head to Potomac, MD for the Romanian Food Festival. Matt spent two years in Romania with the Peace Corps. It’s where he met his wife Sara (also a Peace Corps Volunteer), and he still has fond memories of and relationships from what became his second home.

Ideation 162
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Why your idea management programme is so helpful for strategic cost-cutting

Exago

As business models being are challenged, organisations need to become more adaptable and resilient, naturally also by becoming more efficient and cutting inadequate costs. This change must happen from the bottom up, with the right leadership and sponsorship, to separate the good from the bad costs, at both micro and macro levels. Innovation managers can, and should lend a hand to address this shared challenge.

More Trending

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So I keep asking myself ?What is the role of social media in innovation??

Paul Hobcraft

Social media haunts us all. For many years you first become aware, then very aware and then fully aware that social media is changing our lives. Let me confess: I am not alone I am sure but I seem to be presently suffering from Social Media Return Dilemma. There I’ve said it, it is out in the open, “ I suffer from SMRD”. To be honest I am struggling with social media in innovation, struggling to get my head around it for my business, for me for a long time.

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Ten Ways to use Lateral Thinking for Creative Problem Solving

Destination Innovation

Short video with ten tips and techniques to help you use lateral thinking for idea generation and creative problem solving. The post Ten Ways to use Lateral Thinking for Creative Problem Solving appeared first on Destination Innovation.

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Scale gives way to speed

Jeffrey Phillips

With apologies for the use of a tired phrase, there is a new game in town and it will dramatically impact how, why and where you do innovation work. The new game, as demonstrated by a number of emerging disrupters, is captured in the book Unscaled and discussed at length in this nice blog post - one I wish I could have written. There are a couple of overlapping points here, but the main idea is that scale as a competitive weapon is increasingly passe.

Agile 134
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Engaging People in Innovation

IdeaScale

Engaging people in innovation is at the heart of what we do at IdeaScale. No innovation program succeeds if they’re not constantly working to increase the number of new ideas in their community, the amount of conversation and collaboration that can happen in the comments, refinement and beyond, or generating new interest so that new members are joining all the time.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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Why your idea management programme is so helpful for strategic cost-cutting

Exago

As business models being are challenged, organisations need to become more adaptable and resilient, naturally also by becoming more efficient and cutting inadequate costs. This change must happen from the bottom up, with the right leadership and sponsorship, to separate the good from the bad costs, at both micro and macro levels. Innovation managers can, and should lend a hand to address this shared challenge.

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The Power of Problem Exploration

HYPE Innovation

"‘Houston, we’ve had a problem here." John Swigert’s famous words, delivered in a voice as calm and clear as the mountain air in his native Denver, Colorado. But to the Apollo 13 mission controllers thousands of miles below in Texas, this fired the starting gun in a race against time. At 3:08 a.m. UTC on April 14, 1970, an explosion in the main oxygen tanks and the failure of a major part of the electrical system suddenly put the Apollo crew’s lives at risk.

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Imaginatik Releases Innovation Central Spring 2018 to Drive Front-Line Engagement

Imaginatik

New mobile experience makes ideation easy for employees across the enterprise. BOSTON – June 14, 2018 – Today Imaginatik, the #1 ranked leader in corporate innovation management according to Forrester Research, announced a major update to its industry-leading Innovation Central software , empowering enterprises to maximize their ROI from breakthrough and continuous innovation programs.

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Get Innovative Solutions with the Ideas Exchange Method

Destination Innovation

Image by Geralt on Pixabay. The Ideas Exchange is a brainstorm method which I use with larger groups. It is easy to run, quick and effective. This is the procedure: 1. The problem is clearly stated. 2. Everyone is given two coloured cards (or post-it notes). Say one white and one pink. 3. Working silently and individually they write down a sensible idea to solve the problem on the white card and a bizarre, crazy idea on the pink card. 4.

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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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Innovation and the rapidly changing world of photography

Jeffrey Phillips

We've reached a couple of interesting milestones in a very short period of time, and it behooves us to pay attention to the changes in what has been an important industry - photography. For innovators, it's been easy to kick Kodak around, for having missed the transition to digital photography while owning many of the patents. However, Kodak by itself isn't the whole story in the world of photography.

Change 113
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Common IdeaScale Use Cases

IdeaScale

IdeaScale recently spent some time talking to our customers about how and why they’re using IdeaScale and we found that those interviews highlighted a few common IdeaScale use cases in the process and we decided to share four of them here. Of course, these are just a few of the ways that IdeaScale customers utilize IdeaScale. Others will use it for sustainability ideation, employee quality of life, business model innovation, social change, and more, but these were some of the key use cases that

Ideation 133
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Transforming cost-cutting into growth in your innovation programme

Exago

In times of uncertainty, when business models are challenged, companies are bound to cut costs, to become more agile, robust and adaptable to change. Managers can support these efforts, namely within the corporate innovation programme. The post Transforming cost-cutting into growth in your innovation programme appeared first on Exago.

Agile 133
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Creativity in Innovation: An Introduction for Innovation Managers

HYPE Innovation

As an innovation manager you have the enviable task of stimulating creativity across the organization, and channeling it towards the strategic goals of the company - ultimately creating breakthrough innovations. Lots of techniques exist for small-group creativity workshops, but stimulating creativity in online environments is relatively new. Let’s look at some advice and see how it translates to this world.

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How Mature Companies Are Scaling Transformational New Businesses

Scaling transformational innovations in large companies is challenging due to ‘Company Fit’ issues, which arise when the resources, processes, and priorities (RPPs) of the core business are not aligned with the needs of the new business. Many companies have learned how ambidexterity—the ability to both ‘exploit the present and explore the future,’ can help them address these issues for ideation and incubation of new innovations, but scaling transformative business innovations remains a challenge

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Innovation Management ? Definition, Processes, Frameworks and More

Viima

Innovation, innovation, innovation! There’s hardly a business event or conversation you can have without hearing the term.

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We Need To Revive Innovation And Entrepreneurship In America. Here’s How We Can Make It Happen

Digital Tonto

We need to solve some deep-rooted problems and reverse some long-standing trends Related posts: 4 Things We Need To Do To Boost Innovation And Entrepreneurship. America Can Win Manufacturing In The. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Putting the coordinates into your innovation World

Guide 4 Innovating

Innovation can be fairly complex in what needs to be pulled together, as often it ‘flies’ in contradiction to the normal organizations ways and wishes to work in structured, efficient ways. Innovation can often be rather chaotic and discovery driven. One of the useful ideas of using an external resource is to put additional coordinates into your innovation world, they see contradictions in a different way and can assist in working through the conflicting signals, so as to help align

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3 Reasons Healthcare Needs Idea Management

IdeaScale

It’s hard enough to keep up in a complex industry like healthcare. But just wait till healthcare is disrupted as dramatically as retail or music has been over the past decade. Clearly the healthcare industry has long been a competitive vertical (on numerous fronts: from patient services to technology and edge disciplines), and its complexity makes it harder to disrupt than others, but there is no denying that the challenges have accelerated.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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The Problem With Problems

Leanstack

On his drive back to the office, Steve can’t help but replay his last conversation with Mary in his mind. Is it really possible to build what customers want (what Mary described as a mafia offer) just by interviewing customers? He ponders. Sure enough, when he gets back to his office, he finds an email from Mary waiting in his inbox. As promised, she had sent him an extensive list of resources for navigating the problem/solution fit stage.

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Brainstorming Techniques - How to Brainstorm by Yourself

HYPE Innovation

In general, people tend to brainstorm in groups. That particular method of generating ideas has become a standard solution for teams trying to solve problems. However, due to globalisation, organisational challenges, time, and resources, you see more and more companies organising idea campaigns in the cloud where participants are brainstorming and coming up with ideas on their own.

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How To Lead Digital Transformations

Faisal Hoque

A digital transformation strategy aims to create the agile capabilities of fully leveraging the possibilities and opportunities of new technologies and their impact faster, better and in more innovative way in the future. The post How To Lead Digital Transformations appeared first on Faisal Hoque :: Entrepreneur | Author.

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Marketers Need To Start Preparing For The End Of The Digital Age And The New Era Of Innovation

Digital Tonto

Earning consumers' trust and creating more impactful experiences will be key Related posts: We Need To Stop Chasing The Last Big Thing And Start Preparing For the Next One. Content Is Crap And Other. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Marketing 101
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Implementing Intelligent Document Processing Solutions: Why It Works

See how companies like yours are tackling some of today’s most common business problems using AI-assisted automation for document processing. Manually capturing, extracting, and processing data within documents is a costly and outdated practice that’s holding your company back. IDP takes document processing to a whole new level so you can understand and use your data more effectively than ever before.

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3 Ways Your Innovation Strategy Could Use a Productive Out

BrainZooming

“The more bad ideas the better. If you work really hard on coming up with bad ideas, sooner or later, some good ideas are going to slip through.” – Seth Godin (June 19, 2018). “ Failure is an option here. If things are not failing, you are not innovating enough.” – Elon Musk (Sometime before June 19, 2018). You’ve heard it, and maybe even said it, or wished it.

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What You Need to Know About Crowdsourcing

IdeaScale

It’s June and that means it’s thesis season! Every spring at IdeaScale, we start receiving requests from undergraduate and graduate students around the globe who are researching crowdsourcing and its potential application in the business world. It is fascinating to hear their project titles and pitches and we try and take the opportunity to share as much information as we can from our IdeaScale resources.

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3 Types of People You Need in Your B2B Networking Group

Innovators Alliance

We all know the value of business-to-business networking groups; they present opportunities to expand your knowledge, learn from the success and failures of others, foster strong relationships, and share your own business experiences. A networking group, regardless of the size, is only as good as its people. Every member has something valuable to offer : they can empathize, offer advice, and act as a sounding board for ideas.

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Innovation and the Goalkeeper?s Fear of the Penalty

HYPE Innovation

Some football-related thoughts as the world turns its attention to the 2018 FIFA World Cup over the next few weeks. There’s a famous 1972 film by German director Wim Wenders called "The Goalkeeper’s Fear of the Penalty," which, if nothing else, is a great title for a movie. It’s a powerful metaphor for the anxieties that go with any role we must play.

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.