article thumbnail

Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

Magretta, 2002). WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). Magretta 2002). A business model innovation is defined as the conscious change of at least two dimensions of the introduced “Magic Triangle”. And what does the customer value?

article thumbnail

Digital Twins: what it is, how it works, and the advantages of this technology

mjvinnovation

What Digital Twins Technology is and How It Works. Originally, this term was coined by Dr. Michael Grieves in 2002. The situation changed in the 2010s, with the development of IoT, Artificial Intelligence, Big Data, and Cloud Computing. So, what is this technology? Benefits that Digital Twins can offer to businesses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Even in unfavorable situations overwhelming success and sustainable competitive advantage can be created by many small improvements, innovations and changes of the holistic approach with which a company aspires to reach its vision. Together the changes in different dimensions of a company’s business model can add up to massive improvements.

article thumbnail

How the current patent system actually hurts innovation (and how patent trolls are being fought)

Idea to Value

Originally, patents had a simple purpose: By filing a patent, an inventor or company showed how their new technology worked, in exchange for legal protection for the duration of the patent. billion , predominantly for the approximately $4 billion worth of patents it possessed around smartphone technology. Does this system still work?

System 100
article thumbnail

Patent Quality and Utility Essential to Patent Owners

Anaqua

As we prepare our 2018 year in review of the USPTO patent and publication statistics, we see a year where patent quality and utility to the patent owner is more important than ever. We are seeing the emergence of new technologies, such as autonomous vehicles, and we had the USPTO release its 10 millionth patent. percent from 2017.

article thumbnail

2018 Patent Analysis: Patent Quality and Utility Essential to Patent Owners

Anaqua

As we prepare our 2018 year in review of the USPTO patent and publication statistics, we see a year where patent quality and utility to the patent owner is more important than ever. We are seeing the emergence of new technologies, such as autonomous vehicles, and we had the USPTO release its 10 millionth patent. percent from 2017.

article thumbnail

A brief history of work, innovation and skills in the UK

Wazoku

Advances in mechanisation, mass production and, more recently, technology have shaped where and how we work, as well as what we produce. Promoting change of any kind was seen as a threat to the established order. A new era of work and technological change. At the same time the economy changed.