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Confirmation bias: Looking for information to prove you are right

Idea to Value

A 2001 study also showed that people who have already made a decision (so have a set view or opinion on a subject) will seek out information which confirms this view. Some people have likened confirmation bias to a sort of “Yes-Man” of the brain, which wants to agree with the prevailing opinion in the brain.

Data 229
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Disruptive Innovation: Drones

Collective Innovation

The story of drones is much like the story of any other disruptive innovation. These proved helpful in the Gulf War and by 2001 the technology had advanced to the point that the drones could be outfitted with Hellfire missiles. These drones were quite large and very expensive and would occasionally get shot down or just crash.

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Will big data solve the innovation gap?

Jeffrey Phillips

However, I'm not so sure about disruptive needs and opportunities. Therefore, companies that focus on machine learning and algorithms in the front end may perfect their incremental innovation and completely ignore disruptive innovation. 2001 promised a journey by an intelligent AI and astronauts to Jupiter.

Big Data 170
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How 3 companies used disruptive innovation to transform their industries

Idea Drop

Christensen, the term ‘ disruptive innovation ’ refers to a new entrant into a market who eventually disrupts and outperforms the established players. Here we look at three examples of disruptive innovation and how each company used it to transform their industries. Coined by Clayton M.

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Make Digital Disruption Your Biggest Competitive Advantage

Daniel Burrus

In 1983, I identified digital disruption as one of twenty technology-driven Hard Trends that would increasingly shape the future at an exponential rate, and at the same time drive economic value creation. Today, as more and more industries and businesses become disrupted, it is important to understand that digital disruption happens in waves.

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So What Exactly Should Kodak Have Done?

Destination Innovation

Business commentators and writers commonly quote Kodak as an example of a company that was destroyed by disruptive innovation. Kodak entered the digital camera market late but by 2001 they were number 2 in the USA behind Sony. Between 1982 and 2001 Kodak spent more than $20 billion on R&D averaging about 6% of revenues.

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Business model innovation: a core capability for disrupting your industry

hackerearth

In 2001, Apple introduced an array of products and services beyond hardware and software. Whether you want to steer breakout growth, revive a trailing core business, tackle industry disruptions, or protect your company against industry decline, business model innovation is the key. Source: McKinsey. Overvaluing past models.