Sat.Oct 05, 2019 - Fri.Oct 11, 2019

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A Real Life Example of the Power of Giving Feedback

Idea Champions

Most Fortune 500 companies have some kind of corporate strategy in place for ratcheting up their innovation efforts. Consultants are hired. CEOs give pep talks. And internal initiatives are launched. To the casual observer, it all looks good, but few of these initiatives ever amount to anything In fact, research indicates that 70 percent of all change initiatives fail.

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What Pundits Predicting the Future Always Seem to Get Wrong

Innovation Excellence

Peter Thiel likes to point out that we wanted flying cars, but got 140 characters instead. He’s only partly right. For decades futuristic visions showed everyday families zipping around in flying cars and it’s true that even today we’re still stuck on the ground. Yet that’s not because we’re unable to build one. In fact.

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Accelerating Innovation in the Energy Transition Journey

Paul Hobcraft

[link]. What fascinates me presently is the energy transition currently being undertaken, due to the enormous amount of innovation options being considered and applied. New technologies are changing the very nature of how energy is going to be produced and delivered over the next ten to twenty years. When you consider how vital energy is to society anywhere in the world, you realize what a significant time this is to curb the carbonization and radically resign the system based on renewables and

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Today’s CIO: The Chief Innovation Officer

Daniel Burrus

Today’s world of business is not just changing—it’s transforming. The difference is that change is doing something in an incrementally different way, while transformation is doing something so drastically different that it becomes a qualitative shift. The fact that we began watching movies on VHS tapes that we’d have to rewind, then moved to DVDs that we didn’t have to rewind, followed by Blu-ray discs for enhanced quality—that’s a change.

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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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Effective Digital Managers Build Ecosystems for Innovation

IdeaScale

The digital workplace is increasingly faster-paced, with a speed-to-market mindset that doesn’t allow a leisurely pace or ignorance of digital advances. Speed-to-market is a primary driver for innovation.?. Harvard Business School Professor Linda A. Hill talked to the Harvard Business School publication Working Knowledge about embracing the digital transformation and creating an innovation management strategy based on “ecosystems” of innovation.

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Wrong Diagnosis means Wrong Remedy

Destination Innovation

We tend to revere our clinicians as towering experts in their fields. So how often do you think doctors misdiagnose? How often might your doctor tell you that you have some illness or condition, but it’s not right? For example, a doctor might diagnose the flu, but the patient really has something much more serious – like Lyme Disease. You might be surprised.

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Recipe for innovation lab success, valid across the firm?

Innovation 360 Group

It turns out many of the findings are possible to adopt for innovation efforts across your company. In a recent article in HBR, Simone Bhan Ahuja summarizes his experiences with corporate innovation labs: [link]. First a short TLDR of Simones article: Up to 90% of innovation labs fail to deliver on their promise ( up to 90%, one expert says ). Pitfalls for innovation labs according to Simone: Lack of alignment with the business.

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Could Your Innovation Strategy Use a Leg Up?

IdeaScale

Give your team a step up. Innovation can be hard work. However, if your innovation strategy results in lots of hard work for little reward, then it’s time to step back and consider whether you need to give your team a leg up on the process. Here are a few ways you can help get your innovation strategy back in the running. Have A Full Process Everyone loves brainstorming and coming up with ideas.

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The WeWork Debacle Is Just A Symptom Of A Much Larger Problem

Digital Tonto

Why would investors value a conventional real estate business model like a software company? Because Silicon Valley investors tend to misjudge the physical economy. Related posts: 5 Business Lessons. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Responsible Innovation in Healthcare – Unlocking the Power of Users

Innovation Excellence

Meet a remarkable woman. Lisa Crites, an American broadcast journalist was 42 when she was diagnosed with breast cancer. Following a mastectomy she was advised not to shower because of the risk of bacterial infection to her surgical drains from tap water. Her frustration at not being able to shower led her to experiment with.

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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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Get to Know the Female Entrepreneurs Who Are Reshaping the Business World

Entrepreneur - Innovation

From our October/November issue, these powerful women are making their mark on business (and history).

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Understanding the Design Thinking Process

IdeaScale

Design matters, no matter the product. Who is your customer? Any business can answer this question, in many cases in detail and almost effortlessly. How often do you ask that question when developing your product? That’s what design thinking is all about, and it offers powerful new tools for innovation strategy. Thinking With Design Design thinking draws from user experience thought processes and has three pillars: empathy, ideation, and experimentation.

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Pursue Independence and Fulfillment Instead of Happiness

Tullio Siragusa

Pursue Independence and Fulfillment Instead of Happiness. According to studies and research it has been proven that being dependent can lead to situations which could affect one’s psychological well-being. For example, as a young adult sharing an apartment with your parents you will experience less privacy, and will often be obligated to follow certain rules, and accept decisions which may not be well-aligned with your life’s plan.

Survey 75
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How Embarrassing Moments Lead to Creative Genius

Carla Johnson - Innovation

October 11, 2019 I still remember it like it was yesterday. It was my first “real” job – I was the marketing director for a mid-size architecture firm. Every Monday started the same, with a meeting in the conference room. Just me and the five partners of the firm. I felt completely out of my league. They were well-traveled, experienced. The post How Embarrassing Moments Lead to Creative Genius appeared first on Carla Johnson.

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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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Strategy vs Tactics - What's the Difference?

Cascade Strategy

You've probably heard these two terms used in various business contexts over the years. And perhaps you didn't really give them much thought. Or perhaps you did, and weren't quite sure what the difference between them really was, or why that even matters. Either way, we're here with the definitive guide to the difference between strategy and tactics.

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Five Innovation Workshop Questions

InnovationManagement

There are a lot of best practices that we recommend to our customers: start with the end in mind, adopt criteria to drive ideation, use at least seven channels to communicate with your end user, respond to ideas with positive feedback and questions. But there’s another piece of simple advice that we give to all of our customers when they’re preparing an innovation challenge: seed your community with a few ideas before you launch.

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Are Petrol Stations the Future of Starbucks?

Innovation Excellence

Recently the Seattle Times published an article from the Washington Post highlighting a gas station in Maryland that has made the bold move of turning off its gas pumps and installing electric charging stations in their place. Which got me thinking… Given that in the early days of automobiles you had to go to the.

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8 Emerging Business Intelligence Trends To Look For In 2020 And Beyond

Acuvate

Over the last decade, the business intelligence world has transformed in several ways. Data exploded and was recognized as the new oil. Organizations understood the value of data and shifted from simple spreadsheets to interactive BI dashboards and visualizations. We also witnessed several challenges including transforming data into actionable insights, ensuring data quality, being compliant with emerging regulations like GDPR and shortage of talent.

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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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The 20 Mistakes New Corporate Innovators Make

Innovation Leader

Being tapped to lead innovation inside a big, established organization is a tough assignment. Here are the 20 most common mistakes that we see new corporate innovators make.

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Pursue Independence and Fulfillment Instead of Happiness

Tullio Siragusa

Pursue Independence and Fulfillment Instead of Happiness. According to studies and research it has been proven that being dependent can lead to situations which could affect one’s psychological well-being. For example, as a young adult sharing an apartment with your parents you will experience less privacy, and will often be obligated to follow certain rules, and accept decisions which may not be well-aligned with your life’s plan.

Survey 48
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How to Manage Early Stage Innovation

Innovation Excellence

Product concepts are the lifeblood of your company. Flowing through your company’s system, like blood through the veins of a human body, new product concepts are the future of your company’s health and the source of its growth. Unfortunately, many companies lack a strategic planning process for innovation, or they manage it poorly. Too many.

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We Can No Longer Live Our Lives Without Augmentation

helloFUTURE

We’ve nearly reached the point – or have passed the point in some cases, where we can no longer operate without augmentation. When was the last time you took a break from looking at your phone or disconnecting from social media? As I’ve said before, we are already cyborgs to a degree, and although we… The post We Can No Longer Live Our Lives Without Augmentation appeared first on hellofuture.

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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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How Revolut delivers a great customer experience

Board of Innovation

8 ways challenger bank Revolut makes banking seamless for customers with their UX-optimized, digital-only services. No, this post isn’t sponsored. The post How Revolut delivers a great customer experience appeared first on Board of Innovation.

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yet2 Insights: The Future of Health and Nutrition

Yet2

The following article is the first in a series of blog posts looking at the future of different industries. These insights are a result of a break-out session during yet2’s global team offsite, where yet2 technology consultants from all three regions (US, Europe, and Asia) gathered together to discuss the trends and developments in health/nutrition, IoT (Internet of Things), Energy, and Artificial Intelligence (AI).

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Top 20 Innovation Articles of September 2019

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 September’s twenty most.

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The fast track to a life well lived is feeling grateful

Rmukesh Gupta

For the Ancient Greeks, virtue wasn’t a goal in and of itself, but rather a route to a life well lived. By being honest and generous, embodying diligence and fortitude, showing restraint and kindness, a person would flourish – coming to live a life filled with meaning and finding an enduring, as opposed to ephemeral, happiness. Today, that view hasn’t much changed.

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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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All Your Innovation Questions, Answered

Innovation Leader

We answer questions on corporate innovation submtted by listeners. Get advice on H3 innovation, going from good to great, and spreading innovation company-wide.

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Big Techs in the insurance market: how to use a User-Centrism strategy to address them?

mjvinnovation

We are talking about big players in the high-tech world that, to a greater or lesser extent, have been operating in sectors that they were not initially created for. One of the markets that is feeling the pressure of Big Techs is insurance. In this article, in addition to considering and reflecting on who the Big Techs are and how they operate. We present a User-Centrism’s strategy that can be used as a powerful tactic to address them.

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Four Ways to Run Projects

Innovation Excellence

There are four ways to run projects. One – 80% Right, 100% Done, 100% On Time, 100% On Budget Fix time Fix resources Flex scope and certainty Set a tight timeline and use the people and budget you have. You’ll be done on time, but you must accept a reduced scope (fewer bells and whistles).

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The Winning Formula for Financial Process Improvement – How TSYS is Defining the Future of Fintech

Qmarkets

There has never been a more critical time for financial firms to prioritize innovation. Rapidly changing customer behaviours, disruptive digital technologies, and the emergence of agile fintech start-ups means that disruption is an ever-present danger. To counter these challenges, companies are increasingly focused on creating a culture of innovation to achieve financial process improvement.

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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.