Sat.Mar 07, 2020 - Fri.Mar 13, 2020

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Open Innovation Helps in the Fight Against COVID-19

InnovationManagement

The Coronavirus is having an equal impact on companies, giant conglomerates, and startups. Companies are dealing with the crisis in various ways - let's look at how in this article. The post Open Innovation Helps in the Fight Against COVID-19 appeared first on Innovation Management.

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Anticipate and Think Exponentially

Daniel Burrus

Technology-driven change will continue to accelerate at an exponential rate. Now that quantum computing has recently entered an early phase of application, exponential change will accelerate. Therefore, it is time to turn accelerating change into an advantage by leaning to anticipate and think exponentially! Anticipatory Mindset Takes Advantage of Exponential Tech.

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8 surprising benefits of remote workshops

Board of Innovation

Thinking about a remote session? From improved efficiency and faster experimentation to introvert bravery, here are a few reasons why a digital collaboration might be a great choice. The post 8 surprising benefits of remote workshops appeared first on Board of Innovation.

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Six Things I wish I had known before I accepted the position of Chief Innovation Officer

Destination Innovation

Image by Mhouge from Pixabay. I was pleased and proud to be appointed to the position of CIO (Chief Innovation Officer). It seemed like a great opportunity to join a dynamic executive team and help drive the growth and ambition which inspired the company. Unfortunately, things did not work out well and there are some hard lessons to be shared. Here are some things I wish I had anticipated.

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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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The Coronavirus is a Forcing Function for Financial Services Innovation

Innovation Excellence

“Some people don’t like change, but you need to embrace change if the alternative is disaster.” –Elon Musk The Coronavirus is having a big impact in financial services, and is going to have an even greater impact on innovation. Why? Because the Coronavirus has made digital innovations essential to running a business no longer optional.

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Five Innovators You’ve Never Heard Of

IdeaScale

According to recent statistics, half of all inventions happen by accident and two-thirds of patents arise from collaboration. There’s plenty of innovation going on, but do you know who invented the products and services you use every day? All innovations begin with an idea that is subsequently shaped into reality. However, even when inventions are used frequently, sometimes there is little knowledge about the inventors behind the innovation.

More Trending

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The Four Currents of a Culture of Innovation

Innovation Excellence

I’ve been doing a lot of thinking these days about “culture of innovation” — trying to get down to the root of what the heck it’s all about. It’s easy to wax poetic about the topic these day (and a lot of people do), but too much of the stuff I’ve been reading sounds like.

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How Do Your Employees Feel about Your Innovation Strategies?

IdeaScale

Innovation is at its best when everyone in your organization is involved in the process. Are your employees engaged with your company’s innovation strategy? Employees who are directly engaged with what’s going on in the company will feel a stronger need to innovate than their disengaged counterparts. Where do your employees fall on the innovation spectrum?

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How a Big Data Strategy Can Fight Insurance Fraud

mjvinnovation

At the same time, insurers have also understood that they need a Big Data strategy for various purposes. Not all, however, already use tools to detect fraud. That’s exactly what we want to help you reflect on with this article. Continue reading and understand how Big Data can help insurers avoid headaches and financial damage! What is Big Data.

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Famous Person Anagram Quiz

Destination Innovation

Test Your Skill at Anagrams with these ten short puzzles. Each answer is a famous person. Please enter your answer in the box. 1. Which terrorist might be said to be A BAD MAN, NO LIES? (5, 3, 5). OSAMA BIN LADEN (1957-2011) was a founder of the terrorist group Al-Quaeda and the mastermind behind the 9/11 attacks. 2. Of which famous playwright might this be said, WE ALL MAKE HIS PRAISE?

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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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Seeking out knowledge that feeds our innovations

Paul Hobcraft

The more we embrace change and recognize innovation demands more of our time, the more we must seek out knowledge that ‘feeds’ innovation. And the more we ‘push’ for learning, the greater chance we have of thriving in a challenging world. The expectation ‘bar’ needs to be raised from those practicing innovation, I feel the constant need is for those working within innovation; they have this real need to raise their game significantly.

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Practicing for an emerging future

Jeffrey Phillips

I'm writing this in the stages of the corona virus outbreak in the United States where we've finally decided to take the virus and its impact seriously. While the virus may not be as deadly as some other viruses, it is clearly contagious. I think after weeks of ignoring it or wishing it away, or waiting for a miracle cure, we've finally decided to do what must be done - that is, more social distance to reduce the spread.

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When tough times are ahead, you should double down on innovation

Idea to Value

As I’m writing this, the last couple of weeks have been quite eventful around the world. There’s a lot of uncertainty and even panic regarding the coronavirus, its current and potential impact on our economy, and of course, its effects on people all around the world. As a result, we’re seeing more and more action being taken to mitigate the spread of the virus.

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Is Creativity & Innovation Learned or Hard Wired?

Leapfrogging

One of the longest standing questions in the field of innovation lies in the debate surrounding whether or not “creativity” is an innate trait or whether it’s something that can be learned. The answer has big implications. If you think creativity can be learned, you can then train people to be move innovative. If you don’t then you can forget about helping people or working with people who aren’t predisposed to creative thoughts.

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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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Innovating During a Crisis

Innovation Excellence

We are living in interesting times. There is probably nobody out there whose personal and business life has not been impacted at least to some degree by the current COVID-19 pandemic. Indeed, in the time between writing this and it publishing, I suspect a lot will have changed. To that point, it remains to be seen.

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How supply chains and ecosystems will be shaped by the corona virus

Jeffrey Phillips

Right now the global economy is in a bit of an uproar over corona virus and its impact on people, businesses and economies. Starting in China, the virus has significantly slowed the production of goods from a core portion of China, which will have knock on effects to supply chains in Europe and in the US. Travel and trade will likely slow, as governments try to contain or mitigate the spread of the virus.

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Collaboration During Pandemics Through The Modern Digital Workplace

Acuvate

The COVID-19 pandemic has become a huge global crisis and is growing at an exponential rate – with no signs of slowing down. As per recent reports , there are over 170,000+ confirmed across 100+ countries. And new cases are being reported every day! Governments and organizations are taking immediate and drastic measures to contain it and ensure the safety of people.

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Innovation in the Family

Leapfrogging

One of the longest standing questions in the field of innovation lies in the debate surrounding whether or not “creativity” is an innate trait or whether it’s something that can be learned. The answer has big implications. If you think creativity can be learned, you can then train people to be move innovative. If you don’t then you can forget about helping people or working with people who aren’t predisposed to creative thoughts.

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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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When tough times are ahead, you should double down on innovation

Viima

As I’m writing this, the last couple of weeks have been quite eventful around the world. There’s a lot of uncertainty and even panic regarding the coronavirus, its current and potential impact on our economy, and of course, its effects on people all around the world. As a result, we’re seeing more and more action being taken to mitigate the spread of the virus.

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When Pundits Say That Robots WIll Take Our Jobs, Remember These 4 Things

Digital Tonto

There are some things that a machine will never do. Machines will never strike out at a Little League game, have their hearts broken or see their children born. That makes it difficult, if not. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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51 Strategy Statistics And 3 Key Lessons To Help You Succeed

Cascade Strategy

At Cascade, we love data. Having the numbers to help see where you are, assess what's happening, understand how you got there, and decide what to do next, is a core principle behind the Cascade system and why we built it in the first place. Strategy and its implementation are wide concepts that cover a lot of ground, and although pretty much everyone intuitively agrees that a) having a good strategy, and b) implementing it well, are obviously good things for an organization, it's not always easy

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How to Spot Inflection Points In Business Before They Happen with Rita McGrath and Alex Osterwalder

Strategyzer Innovation

Bestselling author and longtime professor of management at Columbia business school, Rita McGrath, joins Strategyzer co-founder Alex Osterwalder for a fascinating discussion on our StratChat webinar series about her latest work ' Seeing Around Corners: How To Spot Inflection Points in Business Before They Happen'.

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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.

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Elevated Consciousness Improves Relationships

Tullio Siragusa

Elevated Consciousness Improves Relationships. For a relationship to be successful, it is equally important to know yourself as it is to know your partner. You need to know all your abilities as well as weaknesses and embrace them. You must be aware of the things that agonize you, make you happy or sad, and above all you need to love yourself for what and who you are.

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How to Find the Idea at the Right Time

InnovationManagement

One of the things that was surprising to us at IdeaScale was that many of our customers came to us looking for idea management software not because they didn’t have enough good ideas, but because they simply needed a place for those ideas to live. How could that be the main reason? The post How to Find the Idea at the Right Time appeared first on Innovation Management.

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Real Life Examples of the 7 Wastes of Lean

Kainexus

Eliminating waste is at the heart of the Lean Business methodology. The goal of Lean is to spend more of your time creating value for customers by reducing or eliminating everything else - the waste. Several common types of waste have been identified and together represent the “ 7 Wastes of Lean ” (sometimes expressed as "8 types of waste, including the additional "waste of human potential" or "waste of talent").

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Chasing Invincibility: Lessons Learned from Top Organisations Around the World

Strategyzer Innovation

No company is invincible. Those that come closest are the ones that constantly reinvent themselves before their business models become obsolete. This need for reinvention is more pressing than ever. 60 years ago, the average lifespan of a company listed in the S&P 500 index was 50 years, today, it is 15 years. By 2027, the average company could last just 12 years on the S&P 500.

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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 Eternal Temptation of the Low Hanging Fruit

Innovation Excellence

By Francesco Pagano & Costas Papaikonomou Spoiler alert. This is a rant, but it’s a short one. Maybe it’s a mini therapy session for a lot of innovators out there. It started with a small comment on LinkedIn, which triggered a response. A nerve, an open nerve was exposed. There must be a reason why.

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Digital Transformation and Its Impact on New-Product Management for Manufacturers

InnovationManagement

For the manufacturer undertaking new-product development, Digital Transformation means smart new products with embedded software. Digital products in turn require software and hardware development teams to work together – a hybrid project – which ultimately leads to combining software development methods with the more traditional gating process that manufacturers use.

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Social Media Strategic Response Plan

Rebel & Reason

Social media has been around for over 20 years and currently, there are about 3.8 billion active users. Brands have been leveraging these platforms for years to amplify their business values, products, or missions. Today, companies have the potential to reach far more fans than traditional advertising would allow. With this much reach, however, it is possible that you may attract a few reactive or combative individuals who are ready to rumble. .

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Interview with Jeremy Gutsche, the author of Create the Future

Viima

This time around we’re going to have a slightly different kind of post. I recently had the opportunity to read Jeremy’s new book and interview him. I hope you’ll find the discussion interesting and useful!

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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.