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The characteristics of data-driven business model development and how to succeed

The BMI Lab Blog

The experience of recent years shows that companies often overestimate the value of their own data and their own ability to generate revenue from it. In practice, very few companies can establish a sustainable business model based on data. To start, we need to detail what a data-driven business model actually is.

Data 52
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Innovation and digital transformation of the healthcare industry

hackerearth

The patients used monitoring devices at home to send medical data to the clinic, which used special software to identify patients who needed interventions. Health data is being migrated to the cloud instead of being stored on paper or on immovable digital records. This reduced the frequency of unnecessary hospitalizations.

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Innovation by numbers: Lessons to learn from the CIA and Netflix

Innovation 360 Group

A number of scientists had developed a piece of open software, Cytoscape. This caught our attention, and we started to experiment with this software and grounded theory, in order to analyze the huge amount of data that we were collecting as part of a highly complex assignment.

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Hackathons—HR’s best friend

hackerearth

The talent management and performance review processes are certainly not what we’d refer to as all in a day’s work. The event held in San Francisco in 2014 drew over 100 professionals collaborated to come up with solutions to improve employee engagement. Wipro held an internal hackathon for its employees in June 2014.

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7 Habits of Highly Innovative Companies

ITONICS

Even though it took 7 months for the founders to persuade Bosch leadership that their vision is doable, the startup developed a software with machine learning and analytics integrated within the networks of the retailer and the IoT application. Interestingly, Gmail , Google News , and AdSense evolved out of 20% projects. Fail forward.

Company 57
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Innovation Inspiration – Driving Sustainability at Ford, ESB, and Solvay

Qmarkets

And with global warming showing no signs of abating (last year was the hottest since 1880 according to data from NASA and NOAA, and this year is on track to be the hottest ever), companies have no time to spare in the all-consuming quest to develop innovative solutions for humanity’s many shared challenges.

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Six Internal Innovation Sources You should know

ITONICS

According to the 2014 ‘’Proven Paths to Innovation Success’’ study conducted by PwC’s strategy team, companies are intended to raise the portion of their R&D budget for innovation from around 40 percent up to 60 percent for the outlook of the next 10 years. A central R&D body is an effective source for transformational innovation.