Sat.Dec 08, 2018 - Fri.Dec 14, 2018

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Breaking Taboos – Two Lessons for Innovators

Destination Innovation

During WWI there was tremendous demand for bandages and sterile dressings for Allied wounded on the Western Front. The US company, Kimberly-Clark, developed a new cotton-like material from wood-pulp. It was highly absorbent. They manufactured this in large quantities to supply gas-mask filters and field dressings. When the war ended in 1918 the company was left with large stocks of materials which the military no longer needed.

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The Six Million Dollar innovation fallacy

Jeffrey Phillips

A few days ago I wrote a blog post about the relevance of the Six Million Dollar man to innovation , noting that the show was based around rebuilding Steve Austin, making him better, stronger and faster. Many corporate innovation organizations need the Six Million Dollar man treatment. Every firm needs to be innovating more effectively, faster, with better outcomes and increasingly with more partners.

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How To Create Something Truly Original

Digital Tonto

Despite what many say, truly original work doesn’t emerge fully formed from a brainstorm or sudden epiphany Related posts: How To Create Transformational Change, According To The World’s Most. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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The Need for Digital Innovation Platforms

Paul Hobcraft

I want to offer some thoughts that need us all involved in innovation to think about as we finish out 2018. If you are frustrated with your current innovation process then read on. If you are not, then simply “click away” and certainly my best wishes by ignoring a very changing innovation world that we are all undergoing. The reality is we are all moving towards becoming “Digital Enterprises” Digital transformation is deepening into an enterprise-wide movement. and is mod

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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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Imaginatik and the Oil and Gas Technology Centre to Co-Present During Poster Session at the World Open Innovation Conference

Imaginatik

Imaginatik will be attending the 5th Annual World Open Innovation Conference (WOIC) in San Francisco, CA on December 13th and 14th. We’ve partnered with our valued customer, The Oil and Gas Technology Centre (OGTC) to develop and submit an open innovation paper describing our work together and the resulting economic impact. Our paper was selected to present during the Poster Session on December 13th.

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Is Lean Management doomed in the age of Innovation?

Exago

It has been 30 years since the term Lean Management – a long-term approach that seeks to achieve incremental process changes to improve efficiency and quality – was first coined. Some say that Lean Management has now become obsolete; others talk about a ‘post-Lean’ world and say it is fated to die. Yet in other circles, Lean Management still seems to be alive and well, with its potential to be fully revealed.

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How to Keep Your Creative Team Fresh & Inspired

IdeaScale

Creativity is about more than just art. Creativity is how we get great innovation, but encouraging creativity in a structured environment, like work, can be a bit tricky. Fortunately, with a little creativity of your own, you can get the ideas flowing. Here are a few ways to encourage creativity as part of your innovation strategy. Issue A Challenge.

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The Genomics Revolution Is Beginning Now Moving At Full Steam

Digital Tonto

Not since the early days of the digital revolution have we seen a technology accelerate with such velocity Related posts: The 3 Big Technologies To Watch Over The Next Decade—Genomics, [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Lesson 4 from true innovation managers: quality and quantity of ideas hangs on people’s engagement

Exago

To mark Exago's 11th anniversary, we have put together our clients' pieces of wisdom to truly bring innovation together. This is lesson 4. The post Lesson 4 from true innovation managers: quality and quantity of ideas hangs on people’s engagement appeared first on Exago.

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How to shape your innovation strategy in only 5 days

Board of Innovation

Go from the blank page on Monday to multiple innovation blueprints on Friday. The post How to shape your innovation strategy in only 5 days appeared first on Board of Innovation.

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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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Maintaining an Innovation Mindset as Your Business Grows

IdeaScale

There’s something to be said for stability, but also innovation. If you’ve ever seen a plant grow, you know that new shoots are flexible and willing to go nearly anywhere and try nearly anything to get at the resources they need. But, over time, shoots become rooted to the ground, their bodies thicken, and they settle into stability. In some cases, they even stop growing.

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Organizational Pathways to Business Model Innovation

Innovation Excellence

For several reasons, such as disruptive threats, digitalization or blurring industry boundaries, established companies are increasingly forced to create new business opportunities, i.e. to come up with adapted or even entirely new business models. Moreover, developing a ‘business model innovation capability‘ seems particularly vital in the light of ever decreasing life cycles.

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Intrapreneurship at Telefonica: innovation calls, and lean-startup development at the menu

Rapid Innovation in digital time

Susana Jurado is Head of Innovation Portfolio-Product Innovation at Telefónica since 2015. She has developed expertise in Early Stage Innovation model, and the Lean Startup methodology, co-authoring the Lean Elephants whitepaper.

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Interview #1: Creativity and The Art of REframing (Vlad Dumitrescu-Petric?)

Innovation Walk

Vlad Dumitrescu-Petric?, REframe co-founder and trainer Back in November 2018, Innovation Walk had the pleasure to interview Vlad Dumitrescu-Petric? , co-founder of REframe. Originally from Bucharest (Romania), Vlad teaches this creative thinking concept inspired by personal development, psychology, and renowned creative minds. Check out our conversation to discover more about the REframe workshop and Vlad’s perspective on creativity and innovation. 1. “Creativity” is a word w

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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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A Love Note to Lurkers

IdeaScale

There was a lot of talk at this year’s Open Nation about the number of lurkers in IdeaScale communities: those community members who sign on, create a profile and view pages, but then don’t take further action like suggesting ideas, reviewing ideas, refining ideas, etc. For those of you familiar with the 90-9-1 rule of the internet, this makes a lot of sense; 1% of the participants in any digital system will be adding the most value, 9% adding some value and the other 90% are simply viewing the

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How to build effective strategy even in constant change

Innovation Excellence

Strategy is More Important than Ever Many have pronounced “Strategy is dead.” Citing the speed with which new technologies are emerging and the perpetual changes to market conditions, consultants and executives alike are claiming that it is no longer possible to craft a meaningful long-term strategy. “Strategy” must be adaptable and ever-evolving. The word has.

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How Interconnected Devices Are Re-Shaping Businesses

Faisal Hoque

IoT isn't something you can ignore and hope that it just goes away. The organizations that will take the time to apply IoT to gather data, analyze it, and turn it into actionable insights will gain a competitive advantage over those that don't. The post How Interconnected Devices Are Re-Shaping Businesses appeared first on Faisal Hoque :: Entrepreneur | Author.

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Idea capture tools encourage useful ideas from staff

IdeaSpies

A software tool/digital platform that’s easy to use would make it easier for your staff to contribute ideas. A recent Employee Innovation Survey asked employees what would make it easier for them to contribute ideas. The top response was 45% wanting a software tool/digital platform that’s easy to use, with lower management particularly in favour at 59% as well as organisations with 5,000 plus employees at 64%.

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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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How Education Can Advance and Innovate Your Business

InnovationManagement

Education is a powerful vehicle for professional growth. It’s now more affordable, and recent technological innovations have made it easier for employees to acquire and advance their skillsets.

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Top 20 Innovation Articles of November 2018

Innovation Excellence

Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are November’s twenty most.

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Five Steps to Change Your Thinking

Daniel Burrus

When you make changes, are they coming at you from the outside in or inside out? In my 30 years of working with top leaders from business, health care, government and education, I have found that the majority of change comes from the outside in. When a new law is passed, you have to make changes in order to comply with it; when a competitor comes in offering lower prices, you probably have to change some aspect of how you do business; and when a new technology comes out that changes customer beh

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Incentives work to encourage ideas

IdeaSpies

Young employees in particular would contribute many more ideas with incentives. We recently revealed the results of an Employee Innovation Survey. The purpose of the survey was to determine if employees have a voice in helping their organisations succeed. Innovation was defined simply in the survey as “implementation of ideas that add value”. There are many employee engagement surveys but not employee innovation surveys.

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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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Using the VC Mindset for Successful Innovation

Peer Insight

When our clients are in a position to make tough choices on which path to take for growth (especially in slow-moving, scaled organizations), we tell them put on their Venture Capitalist hat and imagine that they’re investing in a startup. This helps them re-imagine and re-prioritize the risks associated with launching new products, services and business models in new ways, which is sometimes hard for organizations that aren’t used to growing in this way.

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Examining the Future of Work

Innovation Excellence

At Siemens ConneCTs 2018 I had the opportunity to sit down with Dr. Norbert Gaus, Head of R&D in Digitalization and Automation, and Barbara Humpton, Chief Executive Officer of Siemens USA and one of the topics of conversation that emerged was a collision of different insights and aspects surrounding the future of work. A couple.

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How Customer Experience Affects a Company’s Revenue

InnovationManagement

Customer experience is perhaps the single most valuable and emphasized component of business operations. Both B2B and B2C companies greatly value the concept of creating exceptional customer experience as the bottom line of achieving revenue growth.

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Legal Innovation: 5 Experts Predict Future Challenges and Opportunities | Collective Campus

Collectivecamp

In spite of the growing uptake of technology based solutions by firms, the truly disruptive technologies revolving around AI and blockchain for instance, that will be making waves for the next few decades are still, arguably, in their infancy.

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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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Lessons from The Story of a Wise Man and the Boys who Loved To Drum

Rmukesh Gupta

I would like to tell you a short story. There was once an old wise man who after retiring from his work decided to buy a house in his old village and moved there to live his life in a peaceful setting. All was well until it wasn’t. Once the school started, there were a few boys who used to walk past his home on their way to school. They would drum on the metal garbage bins that were near the window of the wise man’s bedroom.

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You Don’t Have an Innovation Problem, You Have a Trust Problem! (Part 2)

Innovation Excellence

Through my 2008-10 doctoral research, I found that the biggest problem that non-innovative companies have is lack of trust. In fact, whenever I was invited to speak to a company about their innovation needs, it didn’t take more than 20 minutes and 16 questions to find that they don’t have an innovation problem, they have.

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Context, Context, Context

Focused Momentum

Strategic planning efforts can produce high levels of anxiety in organizations. Worry is caused when new thinking changes the status quo leaving large numbers of folks concerned about the value of what they contribute in the new set of priorities. Since usually a smaller number of folks have been part of crafting the new strategic direction, the majority lack a deep understanding of the need to embrace a new direction.

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Product Hunt Columbus Recap – Grypmat, Yubi Beauty, and Shuffle!

Taivara

Event Recap. Product Hunt Columbus – Grypmat, Yubi Beauty, and Shuffle. DECEMBER 4, 2018 — This Product Hunt Columbus event was an extra special one. Not only was it a great turnout, but the companies presenting were one-of-a-kind. On November 15th, TIME Magazine released their list of the 50 Best Inventions of 2018. Both Grypmat and Yubi Beauty were named on the list!

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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.