Remove Agile Remove Big Data Remove Collaboration Remove Open Innovation
article thumbnail

Recognizing the Building Blocks of Innovation

Paul Hobcraft

To look forward, I would argue we always need to look back and account for the progress made in managing innovation over the years. The idea encouraged exploring the organisation’s boundaries and engaging with customers, suppliers, and partners to co-create and co-innovate. The transformation journey is still part way complete.

article thumbnail

Jumping to a fresh cycle of innovation design

Paul Hobcraft

In my opinion, it needs to be based on the thinking around the shift from products to solutions, from transactions to building far more value-adding ongoing relationships, from a supplier of product services into highly valued network partnerships, exploring innovation across all options. It adjusts and you learn.

Design 232
Insiders

Sign Up for our Newsletter

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

article thumbnail

Applying the Three Horizon Thinking to a Fresh Perspective of Innovation Design

Paul Hobcraft

So the thinking intent of searching for a new innovation design had some framing assumptions that can leverage where we are to move towards a new future. In my view, we must go way beyond “open innovation” as we practice it today. Where is innovation within this?

Design 138
article thumbnail

Choosing your direction of travel

Paul Hobcraft

You do get tired of hearing “we are looking to become a value-creating solution provider”, yet the willingness to really create collaborative networks is still stuck in the “us and them” mentality. The thinking through on the contribution around innovation needs to be changed. Struggling with legacy and old models.

article thumbnail

Open and Closed Innovation: what are the differences?

mjvinnovation

When we think of Open Innovation, it is tempting to associate it with the opposite of Closed Innovation, the traditional one, generated by our own efforts in organizations, without the aid of external entities and agents. What is Open Innovation? Do not follow this path. Check out below.

article thumbnail

Change the Bank: banking industry rules are changing

mjvinnovation

Agile Mindset. Agile Methodologies provide a fundamental turning point for this mindset. UX, DevOps, Blockchain, Data Science, IoT, RPA, Data Lake, and Big Data are just a few examples of technologies that will provide: Systemic availability. How to do this? Interoperability. Modularization of services.

Change 52
article thumbnail

Open Banking: what it is, how it works and why invest ASAP

mjvinnovation

The strength of this wave lies in the use of emerging technologies such as Big Data and Artificial Intelligence to optimize the consumer experience and fill gaps in the financial system. Also the big techs, tech giants, are eyeing the financial industry and dare threaten the banks’ hegemony. What is Open Banking.