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Social Networks and Big Data: the best strategy for getting to know your customers

mjvinnovation

This is because the volume of daily data produced in these virtual environments is a real gold mine for companies prepared to prospect for it. Keep reading to understand how you can benefit from the combination of Social Networks + Big Data. Big Data and unlimited data inputs.

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Intel Disrupted: Why large companies find it difficult to innovate, and what they can do about it

Steve Blank

In the 21 st century it’s harder for large corporations to create disruptive breakthroughs. Disruptive innovations are coming from startups – Telsa for automobiles, Uber for taxis, Airbnb for hotel rentals, Netflix for video rentals and Facebook for media. Over the last decade, Intel missed two important disruptive trends. Their most profitable segment is very high-end processors used in data centers in servers and the cloud.

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

Paul Hobcraft

The 3H informs the decisions to be taken, by recognizing their importance to the future and ‘frame’ resource allocation, identify current capability gaps to resolve. I would argue this fits within a constellation of partners all working towards delivering innovation that is highly valuable, radical, disruptive and distinctive. We need to design our systems to be highly agile. There is huge value in applying the three horizon framework into your thinking.

Design 131
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The Perfect Conditions for Entering A New Innovation Era in 2017

Paul Hobcraft

There is a time where each business has to become highly adaptive, agile, open and mutually dependent on others to deliver in this ‘connected’ world to exploit these conditions and explore the opportunities that will emerge. As we learn the value and power of these tools we become more fluid, more flexible and agile but equally more influenced. The Business Model seems to have a reduced shelf life, we are witnessing more disruption and transformation of existing formats.

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System of Engagement

Information Playground

Earlier this month David Goulden wrote about pushing information technology beyond yesterday's function.  Therefore the amount of data managed in a system or record grows fairly predictably, and business intelligence algorithms explore this data with relative ease. A system of engagement interacts with external endpoints that generate orders of magnitude more data. Data privacy built into the solution.

System 64
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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Accelerating dynamics and pace of disruption in most industries, in particular triggered by the pervasion of new technologies, lead to decreasing life times of existing business models. Recent research has confirmed successfully disrupting as well as outperforming companies to be significantly more engaged in business model innovation. Platform business models tend to affect – oftentimes disrupt – multiple industries over time.

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So Where Is Innovation Heading?

Paul Hobcraft

Of course, this shift requires really big changes in strategy, operations, the organization and in each individuals orientation. These are big data analytics, the fast adoption of new technologies, mobile products and capabilities and digital design.See the above for the complete list on where innovation is heading, it makes interesting viewing. This agility needs the tools of testing, feedback, and adaptation to accelerate the innovation process.

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Banking Transformation: Insights from Lloyds and Santander UK

Planview

These heightened demands will require banks to go beyond a product lens and create customer experiences that are data-driven, consistent across channels and complete with personalized advice,” reports Deloitte.

Agile 59
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Digital Transformation Use Cases in the Oil and Gas Industry

Acuvate

While the COVID-19 pandemic has caused severe social, economic, and financial disruption across the globe, the oil and gas (O&G) industry seems to have been the hardest hit. Thus, building a culture of innovation that supports technological disruption is challenging to achieve.

Data 52
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Is your company up for disruption? Possibly not

David Marks

Disruptive technologies and upstarts are wrecking havoc far and wide, they warned, and (unless you hire us) you will be the next to go. They now tweet, on mobile, collect big data and learn deeply (Current technology terms have an unwittingly infantile twang) Yet there is more to it. The best way to express this is with the rebel within’s disruptibility curve.

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5 Digital Transformation Use Cases for the Government and Public Sector

Acuvate

In today’s highly disruptive and digital-driven world, governments and public sector institutions at all levels are leveraging newfound opportunities to use data and emerging technologies to empower citizens and build more transparent, efficient, agile, and cost-effective services and programs.

Agile 52
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5 Digital Transformation Use Cases in the Automotive Industry

Acuvate

The automotive industry is on the brink of significant technological disruption. Today’s drivers expect real-time and contextually meaningful information at their fingertips while on the road. Drive agility and efficiency with low-code app development.

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Change: Why Transformational Leadership Matters Now More Than Ever

Faisal Hoque

Artificial intelligence, augmented reality, big data, multi dimensional printing, robots designed to interact physically with human beings in a collaborative environment, are just a sampling of the power and pervasiveness of technological disruption. They’re agile by choice.

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Change: Why Transformational Leadership Matters Now More Than Ever

Faisal Hoque

Artificial intelligence, augmented reality, big data, multi dimensional printing, robots designed to interact physically with human beings in a collaborative environment, are just a sampling of the power and pervasiveness of technological disruption. They’re agile by choice.

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Change the Bank: banking industry rules are changing

mjvinnovation

As with most disruption, those who do not adapt will die. This strategy solves a big challenge that banks have: providing excellence in service and improving processes. Agile Mindset. Agile Methodologies provide a fundamental turning point for this mindset.

Change 52
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Creating Digital Entrepreneurs 

etventure

Making a decision which results in failure can cost a leader their job – so taking risks is a big gamble. Employees and leaders simply do not understand the changes in today’s business context – arising from the combination of new technology, changing customer expectations and disruptive competition. When we think about digitization, we think about technologies, processes and business models.

Agile 56
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Insurtech: what it is, examples and how to seize opportunities

mjvinnovation

Notice the term “transformation”: that’s right, the Insurtechs – startups that work within this concept – are revitalizing a well-established industry to make it even more vibrant, sustainable and agile. Quite in line with what we already know from the Digital Transformation concept, the Insurtech phenomenon is grounded by Big Data, Artificial Intelligence (AI) and the Internet of Things (IoT) – most of the capital invested goes into these areas.

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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. They also facilitate the collection and sophisticated analysis of exponential volumes of data. An infinity of transactional data passes through their systems all the times.

Data 40
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The Challenges being Faced by Innovation Consultants

Paul Hobcraft

When clients were pushing down prices it made sense to offer general solutions but the disruptive forces occurring in clients markets are requiring far more the return to crafting individual solutions. This sits less well in a time where demand for unique innovation is required to offset these disruptive forces coming from often unexpected sources. The need for ecosystems, platforms, the greater use of analytics, big data and reliance on technology.

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What Are Innovation Solutions?

eZassi

At this point in history, we are in the midst of the Fourth Industrial Revolution and it is becoming increasingly clear that industries that have been historically viewed as safe and immovable are just as vulnerable to disruptive technology and solutions. Fortune 500 companies that continue to struggle with utilizing innovation solutions and moving forward in an environment ruled by disruptive competitors will be left behind. Innovation Solutions. What Are Innovation Solutions?

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7 Habits of Highly Innovative Companies

ITONICS

Large corporations have taken steps towards being more agile and adapting to the rapid pace of digitization by improving their oftentimes long innovation processes and giving more autonomy to employees. Another big business, Daimler Financial Services , invested several million dollars to run a Startup Intelligence Center (SIC). Of course, failure can be damaging to daily business but only letting a room for risk can lead to disruptive innovation. Innovation.

Company 40