April, 2019

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Here Is Why Companies Often Do A Lousy Job Innovating

Ankush Chopra

Does it come as a surprise to you if I tell you that most organizations are lousy at innovation? How else do you explain the fact that some great ideas languish in organizations whereas some poor ideas reach the market? How else do you explain that so many people whine that their organizations do not value their great ideas? Let’s take a look at a well-known example: How Fat-Free Oil Failed In 1968, when F.

Company 68
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What I'ved learned so far about digital transformation and innovation

Jeffrey Phillips

Lately I've been drinking from the firehose. It seems every day there are new reports on digital transformation and innovation. My good friend and collaborator Paul Hobcraft is constantly reviewing new reports and creating insights of his own, which inundate me with more information. At the same time I've had the honor of chairing the Innovate Carolina conference , where the theme considered the interplay of innovation and digital transformation, and I'm teaching a class at NC State on digital t

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How Crowdsourcing Can Enhance Innovation Performance

IdeaScale

Crowdsourcing is becoming increasingly popular in today’s business world. Defined by the Merriam-Webster dictionary as the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, it clear to see why a company would want to engage in the use. One of the main reasons why crowdsourcing is increasing in popularity throughout the business world is due to the positive influence that it has on innovation performance.

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How Do You Create an Innovation Culture?

HYPE Innovation

This is the second part of a two-part series in building an innovation culture. Make sure to read Part 1: What You Need to Know Before Creating an Innovation Culture here !

Culture 267
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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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Extending innovations value- appreciating the whole system.

Paul Hobcraft

There is always a time to reflect. It is when you have those spaces within your daily work you must take a view, a break, consider something that builds your energy up some more, to make it more resilient. Do you stop and reflect, do you “veg” out, do you seek alternative points of stimulus or find something completely different to go and do, read a book, listen to music, take a walk, climb a mountain or simply tune-out.

System 229
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Are You Prepared to Run a Digital Business for the Digital Age?

Braden Kelley

In our digital age, all companies must change how they think, how they interact with customers, partners, and suppliers, and how their business works on the inside.

Change 211

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For interesting innovation, ignore your instincts

Jeffrey Phillips

I've been around the block for a while, and every once in a while I'll tell the folks on my team who are younger than me what's likely to happen with a specific strategy or project. Since they are young and a bit wet behind the ears, it often comes as a surprise to them that I can predict with some degree of certainty what's likely to happen. What they don't realize is that I have the blessing of past experience, and from that experience I can recognize patterns and previous behaviors, and inter

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Getting Board Buy-In for Your Innovation Project

IdeaScale

For innovation to thrive in a company, it must be prioritized at every level. It’s not uncommon for corporate boards to lack strong expertise in the areas of innovation and technology. Taking an innovation project from idea through execution is challenging, and there can be obstacles at several places along the journey. When there is company-wide buy-in for an innovation project however, these challenges can be overcome more easily, and there is far less chance for the project to go uncompleted.

Project 185
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4 Things That All Managers Should Know About Digital Transformation (But Most Don’t)

Digital Tonto

Fewer than a third of digital transformations succeed, but it doesn’t have to be a sucker’s bet Related posts: How Experian’s Digital Transformation Brought Its Business To An Entirely New Level. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Nesta’s Landscape of Innovation Approaches

Paul Hobcraft

You sometimes need to kick yourself. Well in my case that seems to be increasing by the day. I have to confess I have drifted in and out of checking on Nesta , based in the UK. Different reasons, different focus areas partly although innovation keeps us together, well me checking in on them, I’m not so sure it is the same their end. Nesta is an innovation foundation.

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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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Innovating at Cloud Speed

Braden Kelley

Innovation in the software industry continues unabated. No longer do we have to program computers directly in ones and zeroes, with cumbersome paper punch cards, or even to craft every line of code by hand.

Software 123
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How to Stop Killing your Staff

Destination Innovation

Are you the kind of boss who gets in at 7.30 am, works hard till 7 pm and expects all your people to do the same? Are you finding it hard to recruit people who want to? Trust me when I tell you that this approach is not so good. There is considerable evidence that in office work, long hours do not lead to increased output. And there are negative consequences to overwork.

How To 198
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Why taking your best shot is all wrong in innovation

Jeffrey Phillips

I was speaking with a prospective client recently and was dismayed to hear them talk about innovation in a manner that seems to suggest innovation is a "one and done" activity. Then a good friend introduced me to the book Loonshots, which I haven't read, but did listen to a podcast about. I'm not here to review Loonshots, but I do want to debunk the idea of innovation and its connotation to "shots" of any kind.

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Examining the State of Crowdsourced Innovation in 2019

IdeaScale

The average number of years a company spends on the Fortune 500 list is dropping. World-class corporations spend less time at the top than they once did. Fifty years ago, a company on the Fortune 500 list could expect to stay there for 33 years, but by 1990, that tenure had shrunk to 20 years. By the year 2026, forecasters expect that the average length of time spent on the Fortune 500 will be 14 years.

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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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Here’s What You Need To Know To Compete In An Ecosystem Driven World

Digital Tonto

To thrive in an ecosystem, you have to connect and build up the nodes around you Related posts: Today, You Need More Than A Market Strategy, You Need An Ecosystem Strategy. It’s Ecosystems, Not. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Strategy 130
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So CX + DX needs IX for the transformations we need

Paul Hobcraft

We are on the brink of a transformation, a global one that connects us into information, knowledge, and insights in ever-powerful ways. thanks to the digital internet. We are also exploring the use of Artifical Intelligence (AI) more than ever. BCG suggests that nine out of ten companies in their recent survey for the report “The Most Innovative Companies 2019” are investing in AI.

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Innovation, Change and Transformation in London – Part One

Braden Kelley

I’m off to London tomorrow for my London Business School class reunion.

Change 166
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Change the Point of Attack – Insights from Nelson

Destination Innovation

On October 21 1805, the French and Spanish fleets, consisting of 33 ships under the command of Admiral Villeneuve, were intercepted by a British fleet of 27 vessels under Admiral Nelson, off the coast of Cadiz in Spain. What followed, the battle of Trafalgar, was to determine the balance of power on the high seas and across Europe for the next century.

Change 198
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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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Collaboration is the new competitive advantage

IdeaSpies

In 1985, a relatively unknown professor at Harvard Business School named Michael Porter published a book called Competitive Advantage , which explained that by optimizing every facet of the value chain , a firm could consistently outperform its competitors. The book was an immediate success and made Porter a management superstar. Yet more recently Porter’s thinking has been called into question, most notably by Rita Gunther McGrath in her book The End of Competitive Advantage , which argu

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Does Your Idea Management Software Go the Distance?

IdeaScale

Ideas are more than brainstorming. It’s easier to begin a project than to take it to fulfillment and easier to rest on your laurels than to keep pushing. We’ve all learned this, whether it’s that new hobby or a newly launched business, and it also applies to ideas. In the beginning stages, collecting ideas is easy. But does your idea management software help your team when the hill begins to slope upward?

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When Should You Collaborate and When Should You Compete?

Digital Tonto

You collaborate to reveal, but compete to develop and build. To build a great enterprise, you need to learn to do both zealously Related posts: 3 Paradigm Shifts That Will Drive How We Compete In. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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5 innovative ways to hack your business model

Board of Innovation

Innovation is often associated with the creation of new products and services. However, this type of innovation fails to provide the highest return on investment. Take a look at these 5 unique business models and learn why innovating your business model is a great investment. The post 5 innovative ways to hack your business model appeared first on Board of Innovation.

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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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Future of Work Freedom-Centric Leadership

Tullio Siragusa

Future of Work Freedom-Centric Leadership. Last summer I was looking to find a way to bring the freedom-centric culture of my company, Nearsoft to the public. A group of us started to put together some meetup groups with the intention to educate companies and people about the value of freedom at work. We wanted to share the impact freedom can have on the quality of life for people, as well as the health of the bottom-line.

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Ten Top Tips on Patenting Your Novel Idea

Destination Innovation

A patent can be taken out on almost any new implementable idea. It is not just about protecting your idea. Your patents are part of your Intellectual Property (IP) and can be valuable assets. Often a start-up company will be bought for its IP rather than its products or sales revenues. Here are some tips on patents. You do not need a working prototype before a patent application is filed.

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How AI and LMS are positively disrupting the workplace.

IdeaSpies

Artificial Intelligence (AI) is dominating the workforce more than ever and at a rapid pace – the rise of AI and automation is greatly redefining our future and the future of working. A report commissioned by Google indicated only 9% of Australia’s listed companies are making sustained investments in automation, compared to 20% in the US. While many fear AI, it should in fact be viewed as an opportunity to positively transform the workplace.

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Understanding Open Innovation

IdeaScale

Historically, research and development departments within organizations were solely responsible for coming up with innovative ideas. Traditionally, corporate innovation has been an inside job, with few exceptions. Things have changed with the digital revolution, however, and the boundaries shielding organizations from outside ideas have become more permeable.

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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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Here’s What You Really Need To Know About Quantum Computing

Digital Tonto

The quantum era will open up new worlds of possibility, enabling us to manage almost unthinkable complexity and reshape the physical world. Related posts: IBM Is Building A Network To Drive The. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Laws in the driverless future: what to expect

Board of Innovation

The future of mobility is a much-discussed topic as the automotive industry races to get to Level 5 automation (no driver required). But a somewhat less-discussed issue around autonomous vehicles is how governments will shape public policy once cars become 100% hands-free. The post Laws in the driverless future: what to expect appeared first on Board of Innovation.

Policies 107
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What is a Job-To-Be-Done (JTBD)

Leanstack

You’ve probably run into the jobs-to-be-done framework/theory. I did several years ago when I first stumbled into the Milkshake Study popularized by Clayton Christensen. I was immediately intrigued and had more questions than answers. I read up everything I could find and even worked alongside several JTBD thought leaders and practitioners including Bob Moesta, Chris Spiek, Tony Ulwick, and Alan Klement.

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The Maginot Line and the Fall of France

Destination Innovation

Image by Jean-LouisBourgogne from Pixabay. After their experiences in the first World War the British and French High Commands assumed that any new war with Germany would be similar to WW1 – a massive static engagement between two huge armies. So the French built the Maginot Line, named after the French Minister of War, André Maginot. It ran along the entire French border with Italy, Switzerland, Germany, and Luxembourg and consisted of massive defensive fortifications.

Agile 189
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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.