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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

Then innovation can finally play its true part in discovering, leveraging and delivering new value and impact. We have to recognize the days of simple product innovation are dwindling. Innovation is benefitting from the 4 th Industrial Revolution. We can shift our often-linear thinking as Industry 4.0

Industry 289
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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

The prospect of new innovation potential will eventually work through into the world of Industry 4.0 We have to recognize the days of simple product innovation are dwindling. We can loop, explore, connect, build scenarios, test assumptions, build digital twins to just the product and manufacturing impact.

Industry 213
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The problem of scaling can confuse those innovating.

Paul Hobcraft

how can we reverse engineer scaling up? Scaling up comes from focusing on real points of value, these being optimizing, enhancing, digitalizing and streamlining on a continuous basis and digital process design does this well. Getting scaling right is hard and having it available at the right time even harder. We then adapt our scale.

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The gulf between innovation goals and execution

Jeffrey Phillips

From the data presented it's clear that "innovation" is still defined very narrowly, as improvements to existing products and services. In other words, most of these executives and their teams are just scratching the surface, when right underneath the surface a range of innovation options and outcomes is just waiting to explode.

Survey 100
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What is Innovation in Business and How Can it Build Business Longevity?

Qmarkets

According to CultureAmp research, ‘Nearly 8 out of 10 of highly engaged employees regard their companies as having a culture that nurtures innovation’ 5. Gathering Employee Ideas In business innovation an organization’s employees are truly their biggest asset.

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What is Innovation in Business and How Can it Build Business Longevity?

Qmarkets

According to CultureAmp research, ‘Nearly 8 out of 10 of highly engaged employees regard their companies as having a culture that nurtures innovation’ 5. Gathering Employee Ideas In business innovation an organization’s employees are truly their biggest asset.

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Crowdsourcing Internal Innovation

Collective Innovation

The most common types of sustaining innovation are: Application Innovation : This is when you find a new use for an existing product, tapping into a new base of customers and potential. Product Innovation : Creates a difference with an existing product line and existing market, usually through features.