Innovation Excellence
JULY 16, 2019
Estimates that attempt to quantify failure rates for innovative products and services typically sit in a range somewhere between 70-95%. As an innovator, I find this an uncomfortably large number, especially given how much time and money we invest in innovation processes, consumer research and market modeling. But as disappointing as these numbers are, the reality.
ImagineNation
JULY 7, 2019
Innovation consulting can be a lonely place for a woman to play, especially in a conventional, male-oriented, and competitive marketplace like Melbourne is today. Making networking a key way of enhancing my intellectual, emotional and social capital, consciousness and creativity. Involving going out of my way to meet people with different business and life experiences, backgrounds and perspectives.
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Jeffrey Phillips
JULY 15, 2019
Lately, many commentators are given to sweeping claims about seismic change. We are either in the 3rd or the 4th industrial revolution, depending on the commentator. It can be hard to keep up. However, where there is smoke there is often fire. These commentators are correct in the sense that we are entering a time where the Internet of Things (IoT) and the data generated by billions of IoT devices will create radically new opportunities for innovation.
Digital Tonto
JULY 31, 2019
Innovation isn't about ideas. It's about solving problems. The better questions you ask, the better problems you can identify. Related posts: Becoming A Successful Executive Doesn’t Prepare You To. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].
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.
Exago
JULY 17, 2019
According to CEOs, innovation culture is the pillar of business innovation, but it isn't always an easy feat. We share the 10 (+1) ingredients to build a collaborative innovation culture in your organisation. The post The 10 (+1) ingredients for building a collaborative innovation culture appeared first on Exago.
Digital Tonto
JULY 3, 2019
The truth is that our most fervently held beliefs are often wrong. That’s why we need to make the effort to overcome the flawed machinery in our minds. Related posts: The New Era Of Cognitive. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].
Business Innovation Brief brings together the best content for business innovation and strategy professionals from the widest variety of industry thought leaders.
IdeaScale
JULY 31, 2019
Innovation is universally regarded as positive, but in a business context, “good” usually has to be backed up by hard data. Unsurprisingly, companies committed to innovation want to be able to measure its impact, but many companies are unsure how to do that. Different organizations will ultimately choose different metrics, but businesses that get the most from measuring innovation impact are the ones that choose innovation metrics that are aligned with their organizational goals.
Jeffrey Phillips
JULY 26, 2019
I've read yet another good and insightful piece on success in digital transformation, which relies on an unfortunate metaphor - one about "breaking the rules". I've been around consulting just long enough to have "broken the rules" in the business process re-engineering wave, the ERP wave, the CRM wave, the Six Sigma wave, the innovation wave and now the digital transformation wave.
IdeaScale
JULY 24, 2019
For innovation leadership to be more than just empty words, companies must understand innovation, determine the best ways to encourage it, be willing to put resources behind it, and understand the importance of the word “practices” in the term “best practices.”. Best practices can’t just be words on a page either. They have to be put to work every day if they are to have any effect.
Paul Hobcraft
JULY 25, 2019
As a report, the 2019 Global Innovation Index (GII) is a whopper, at 450 pages, although 50% of this is detailed economic profiles and data tables for each country within the index. This GII report investigates and reports on 129 countries and then analyzes and ranks them accordingly. When you are caught up in generating innovation within a business these sorts of reports can often pass you by as not so relevant to your everyday job of innovation.
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.
Innovation Excellence
JULY 11, 2019
“If you hear a voice within you say, ‘You cannot paint,’ then by all means paint, and that voice will be silenced.” — Vincent Van Gogh Here’s an interesting question. Why is it that, while artistic tools have become so advanced and provide artists with the opportunity to become so much more productive, the.
IdeaScale
JULY 17, 2019
Critical thinking involves going beyond cursory reasoning as sufficient proof that something is as it seems. It is one of the most important skills anyone can have, whatever their profession and whatever their position in the corporate hierarchy. A Deloitte study of Technology, Media, and Telecom (TMT) companies found that the number one skill high innovators say they’re working on is critical thinking skills – and these are companies that work on the leading edges of technology.
IdeaScale
JULY 2, 2019
We all know intellectually that sometimes projects fail, but that doesn’t necessarily make it easier when it’s our project that fails. If you have ever had to scrap a project, you’re in good company. Over one-third of projects fail , either not meeting their business intent, missing timelines, or going over budget. If you think of startup businesses as projects, nine out of ten of them fail.
IdeaScale
JULY 9, 2019
At the intersection of modern technology and advertising, digital marketing is one of the fastest changing industries in the world. And to stay relevant in digital marketing, you need to be innovative. And perhaps one of the most competitive and technology-dominated industries is digital marketing. Digital marketing is dominated by the duopoly of Google and Facebook, who receive 57% of digital marketing ad spending in the US.
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.
Innovation Excellence
JULY 30, 2019
Change your company’s structure to get bigger and better ideas. Just about everyone wants more creativity and innovation these days. But what’s the secret to getting it? While most companies agree that innovation is vital, few actually spend time creating structures or devising rewards systems hinged on creativity. Many leaders also struggle with the fact that innovation comes from culture, something.
InnovationManagement
JULY 8, 2019
No matter the decade in which you grew up, the future promised one thing: flying cars. And yet generation after generation has been disappointed as our technological progress that has given us everything from angry birds to nanotechnology, but… still no Bladerunner vehicles. The post The Three Roles You Need to Have on Your Innovation Team appeared first on Innovation Management.
Digital Tonto
JULY 7, 2019
The truth is that ideas need ecosystems to support them and that doesn’t happen overnight. To make an idea viable in the real world it needs to continually connect outward, gaining adherents and. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].
Paul Hobcraft
JULY 11, 2019
Source: World Economic Forum, Future of Jobs Report 2018. We all need to begin to grapple with what is redefining work in knowledge, skills, our experience, and our necessary abilities to be viable and useful. We continue to hear and begin to see the effects of the Fourth Industrial Revolution. It continues to impact skills, tasks, and jobs. The implications are a growing concern that both job displacement and talent shortages will impact business dynamism and societal cohesion.
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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
Braden Kelley
JULY 22, 2019
For decades when business people and aspiring entrepreneurs came up with an idea and became serious about commercializing it, they would, by default, create a business plan.
IdeaScale
JULY 10, 2019
Blake Woods, of Lake Trust Credit Union. The financial services sector isn’t known for people-first approaches. Even with the gloss of “fintech” entrepreneurs, once you get past the flashy apps, the customer is often just another product in the end. Lake Trust Credit Union, which aims to serve some of the most financially disadvantaged communities in America, has decided to buck that trend and use human-centered design instead.
Jeffrey Phillips
JULY 18, 2019
In my last post I wrote about a big transition in innovation that will occur in the near future - when the tipping point is reached and most innovation is focused on smart, connected devices as opposed to dumb products. Currently, most of the innovation that is created is focused on new software applications or on new physical products, but with little integration between them.
Idea to Value
JULY 8, 2019
Everyone knows instinctively that innovation feels risky, especially compared to large, established transformation projects (like IT implementations or operational restructuring). Yet how risky is innovation actually? According to research by Deloitte’s Doblin practice, in the majority of companies, only one in 25 innovation projects actually provides a tangible return on investment.
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
Digital Tonto
JULY 14, 2019
A leader’s role is not to plan and direct action, but to inspire and empower belief. Related posts: Transformation Is Always A Journey, Never A Destination. A True Transformation Takes More Than. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].
Paul Hobcraft
JULY 3, 2019
I do like to capture thoughts within Mind Maps. I am never sure if they work for others as the map maker does see things in his or her own way. In the end, it is seeing the other person getting it, that light bulb moment. I have a group of Ecosystem Mind maps but I thought I’d share this one here to trigger further the thinking that needs to go into building an Innovation Ecosystem.
Braden Kelley
JULY 27, 2019
As many of you may already know, recently I joined Oracle to help build a new innovation and digital transformation offering that leverages design thinking and other tools to engage prospective North American customers of Oracle in human-centered problem-solving focused … Continue reading →
IdeaScale
JULY 30, 2019
No matter the size, every company (and person!) needs an easy form of digital communication. The internet is now the greatest and most popular platform to advertise and share your business. Social media isn’t just for teenagers sharing photos with their friends anymore; it can be a great platform for your company to advertise and share information while staying up to date with news and ideas from all over the world.
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Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.
Jeffrey Phillips
JULY 31, 2019
Just one more post about the importance of speed and agility and I'll leave this tired trope alone. It took over 50 years for a reasonable majority of US households to obtain landline telephone service. It took less than 10 years for a majority of households to obtain cellphone services and less than a handful of years for a majority of households to access and use Facebook.
Digital Tonto
JULY 17, 2019
The future will be driven by humans collaborating with other humans to design work for machines that creates value for other humans. Related posts: 4 Things Every Leader Should Know About Applying. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].
Paul Hobcraft
JULY 1, 2019
When we are really innovating we are actually working on the Work-to-be-done, it is a far more exciting activity than constantly focusing on work done, that we need to do to refine, it, to make it more productive, efficient and effective. This work is done, certainly needs doing, no question but it is the “work-t- be-done” that gets the pulse racing.
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.
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