Sat.Jan 18, 2020 - Fri.Jan 24, 2020

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Avoiding Analysis Paralysis: When to Make a Decision

New Markets Advisors

I recently spoke with the newly appointed Head of Product for the innovation lab at a large financial services company. Given that she had… Continue reading on New Markets Insights ».

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How to Build a Future-Proof Strategy

HYPE Innovation

The third in HYPE's series on the ten most-often-asked questions about strategic foresight, this post offers guidance, practical tips, and examples of how to build future-proof strategies. Usually, a strategy boils down to four elements: a vision, strategic goals, strategic choices, and key means of execution (e.g., strategic initiatives or must-wins).

Strategy 191
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Five Principles of Innovation Measurement

InnovationManagement

What gets measured gets managed. Innovation is not serendipity; it’s a managed process of transforming novel ideas to achieve their business value. You can only manage what you measure. The post Five Principles of Innovation Measurement appeared first on Innovation Management.

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Innovation isn’t supposed to be fun

Viima

Gary Pisano, a Harvard Business School Professor, wrote an excellent article in HBR last year on the hard realities of what innovative company cultures actually look like, which I highly recommend every aspiring innovator to read.

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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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Recognizing different innovating capabilities to develop and grow

Paul Hobcraft

A firm’s ordinary capabilities are the ones that enable us to perform efficiently and effectively, those essential routines and practices that often require having a high level of technical need supporting these activities. In contrast, dynamic capabilities are those higher-level competencies that determine a firm’s ability to integrate, build, and reconfigure both the resources and skills to possibly shape, they have the power to transform, and then be deployed to meet rapidly changing business

Resources 211
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Innovation Building Block #3: Discovery, exploration and novelty

Jeffrey Phillips

I'm writing a series of posts about what I consider to be the fundamental building blocks of innovation. The building blocks I'm writing about are core to doing innovation well over a period of time. The first building block I wrote about was creating a bias for innovation in your culture. The second was on gaining the context for innovation - identifying an emerging opportunity or a problem.

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How innovation impacts work: Technology as game-changer and life-changer

Innovation Excellence

“The job your child will do doesn’t exist yet”, said the young principal from one of Singapore’s most prestigious private schools in a conference I attended ten years ago. Ten years from now a good number of today’s jobs will not exist, a good number of entirely new jobs will be created and ALL jobs.

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Governing innovation extensively doubles revenue growth

Exago

A recent report by Accenture has found that fewer than one in eight companies govern innovation extensively. More importantly, those that do have achieved twice the revenue growth of those that don’t. The report, which examines how innovation is and will likely be governed in the future, found that only 12% of companies govern innovation […]. The post Governing innovation extensively doubles revenue growth appeared first on Exago.

Report 264
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Innovation isn’t supposed to be fun

Idea to Value

Gary Pisano, a Harvard Business School Professor, wrote an excellent article in HBR last year on the hard realities of what innovative company cultures actually look like, which I highly recommend every aspiring innovator to read. The bottom line? The inspiring and comfortable attributes, such as freedom, low hierarchy, and tolerance for failure that are associated with innovative company cultures are universally appreciated, accepted, and adopted.

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Cracking the complexity code

Paul Hobcraft

There was a good article within the McKinsey Quarterly published way back in 2007 entitled “Cracking the complexity code,” written by three authors Suzanne Heywood, Jessica Spungin, and David Turnbull. It still has a lot of relevancy in my mind today. They lead this article with “one view of complexity that holds that it is largely a bad thing- that simplification generally creates value by removing unnecessary costs.

System 227
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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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Identifying the Value of Crowdsourcing: A Talk with Dr. Zoe Szajnfarber

IdeaScale

Digitization is a game-changer across all industries, affecting companies large and small. Traditional approaches to creating innovation strategies are no longer providing effective solutions. Instead, companies are adopting a way of solving problems known as open innovation. One method for practicing open innovation is through crowdsourcing, the process of sharing ideas across industries to solve a common problem.

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Demographics is your destiny

Jeffrey Phillips

In a short break from my recurring posts on innovation building blocks (see articles on innovation bias , f inding important unsolved problems and discovery and exploration ) I was motivated to write today about demographics and destiny. As a person who really enjoys understanding how the future will unfold, there are few more important trend lines and signals than demographics, yet far too many companies ignore the clear signals that demographic change indicate.

Trends 214
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Why Fears About China Are, Mostly, Overblown

Digital Tonto

Many predict that China will dominate the 21st century in much the same way that America dominated the 20th. Yet I’m not so sure. First, American dominance was due to an unusual confluence of forces. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Mentoring Is the Secret to Innovation Say Silicon Valley’s Top VCs and Entrepreneurs

Leapfrogging

Mentoring transforms big ideas into high-impact innovations. Having worked with dozens of the Fortune 1000 companies , coached startups, and founded three companies, I can say there’s a universal truth when it comes to innovation: big ideas are just ideas until they deliver real value to the world. That’s why just about every venture capitalist, entrepreneur, corporate innovator and university researcher is searching for the same thing: the formula for identifying, developing and s

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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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Exploring the Connection between Idea Management and Customer Experience

IdeaScale

Managing the innovation process can help you improve customer experience with your brand.?. Delivering top customer experience is a main goal of companies across all industries. The key is standing out from the competition, but this isn’t always easy. The solution is to combine customer data with product information to form innovative ideas. This process, known as idea management, is what drives business and improves the customer experience.

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The Anatomy of Innovation

BrainZooming

By Emma Alvarez Gibson. It was a cold, rainy night in upstate New York, and I was snug inside the spacious studio loft that my friends Frank and Mae (names have been changed to protect the guilty) built on their property. Their setup is legit by any standard: a drum kit, keyboards, a bass, a couple of guitars, a good variety of smaller percussion instruments, and many microphones and speakers.

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Innovation is Not Supposed to be Fun

Innovation Excellence

Gary Pisano, a Harvard Business School Professor, wrote an excellent article in HBR last year on the hard realities of what innovative company cultures actually look like, which I highly recommend every aspiring innovator to read. The bottom line? The inspiring and comfortable attributes, such as freedom, low hierarchy, and tolerance for failure that are associated with innovative company.

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Don’t Make a New Year’s Resolution. Create a Start-Stop-Continue Plan Instead.

Leapfrogging

Real change requires more than just doing something new. It also involves stopping what doesn’t work and continuing what’s already working well. When I work with leaders and organizations looking to create change and innovate , I always tell them the same thing: strategy is as much about what you don’t do, as it is about what you decide to do.

Resources 100
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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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The Future of Email Marketing: Trends and Predictions for 2020

InnovationManagement

The importance of email marketing when spreading the word about a product or service cannot be overstated. Studies show that for every dollar spent on your email marketing campaign, you can get up to $44 as your ROI. This is 44 times more than other marketing channels like TV ads. The post The Future of Email Marketing: Trends and Predictions for 2020 appeared first on Innovation Management.

Trends 107
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The Personal Benefits of Optimism

IdeaSpies

If optimistic, you will feel healthier. An optimistic spirit can bring significant benefits, including happiness, joy, act.

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When It Comes to Recognition It Pays to “Think Small.” Here’s Why.

Tembosocial

Oscars, Emmys, ACTRAs, the Palme d'Or.who doesn't love a big awards celebration? From the red carpet to the afterparty, entertainment awards are a really big deal - so much of a big deal, in fact, that they often generate news and controversies of their own.

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Time to Take a Social Media Vacation

Innovation Excellence

A lot of professionals I know relieve stress with a few minutes on Facebook.com after they finish a phase of a project or need a break from their tasks. Welcome to Facebook.com where you can bliss out on cute kitten photos, catch up with old friend, find a novel product, or play defense from aggressive.

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Reimagined: Building Products with Generative AI

“Reimagined: Building Products with Generative AI” is an extensive guide for integrating generative AI into product strategy and careers featuring over 150 real-world examples, 30 case studies, and 20+ frameworks, and endorsed by over 20 leading AI and product executives, inventors, entrepreneurs, and researchers.

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Innovation Differentiators: Information and Implementation

InnovationManagement

What separates the great innovators from the industry laggards? What empowers long-standing hierarchical organizations like LEGO to make big, creative bets that pay off (like the LEGO Movie) while other once-great brands like Tower Records, Pan Am, or Pets.com have all gone away? The post Innovation Differentiators: Information and Implementation appeared first on Innovation Management.

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5 Ways to Make Your Business More Sustainable

Entrepreneur - Innovation

Going forward, environmentally conscious practices will be entrepreneurship's hottest innovation.

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Risk Taking Can Unlock Your Fullest Potential

Tullio Siragusa

Risk Taking Can Unlock Your Fullest Potential. Taking risks in life is essential for living it, at its fullest. Most of us believe that taking chance is something associated with our early years of life when we did not have much to risk. When you don’t have a family, don’t have responsibilities for others, you have plenty of time to waste on taking chances with your life.

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Is Germany the World’s Most Innovative Country?

Innovation Excellence

The latest Bloomberg Innovation Index is out (2020 edition), and Germany has risen to first place, breaking South Korea’s six-year winning streak, while the U.S. fell one notch to No. 9. “Innovation is a critical driver of growth and prosperity. China’s move up the rankings, and the U.S. drop, is a reminder that without investment.

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The Big Payoff of Application Analytics

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.

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Former LEGO Exec: 5 Habits of Successful Corporate Intrapreneurs

Innovation Leader

David Gram, formerly a leader at LEGO Ventures and LEGO Creative Play Lab, outlines five habits that set corporate intrapreneurs up for success. The first one: Accept that people will hate your project.

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ITONICS at DTIM 2020 in Berlin

ITONICS

Improve today, what will fail tomorrow! Visit us from February 17th – 18th at the DTIM 2020 in Berlin! Besides exciting keynotes, our brand new Cloud software and an exclusive booth party with beer bar and cool music awaits you. Cheers! The post ITONICS at DTIM 2020 in Berlin appeared first on.

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Hold the Front Page! The Rise of Robot Journalists

IdeaConnection

The growth of robot or automated journalism - news stories written by artificial intelligence software.

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Four Strategies to Being Fully Present in any given Moment

Innovation Excellence

Premise: Earlier today, I came across a blog post on The School of Life blog about the difficulty of being in the present. You can read the entire post here. It so happens that I’ve been having a conversation with my wife and son recently about the same topic (which is a slightly better way.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib