article thumbnail

Choosing your direction of travel

Paul Hobcraft

Yet, lying within the walls of these large Pharmaceutical and Chemical companies is such a rich dataset that stays behind their ‘closed’ walls. Product innovation from discovery to market is still the biggest drag on industry performance. The productivity release and efficiency gains radically alter the cost structures.

article thumbnail

Capabilities and Leadership Close the Skills Gap in Manufacturing

Innovation 360 Group

In order to prepare for the coming skills shortage in manufacturing, business leaders must assess their current capabilities, refine their market strategy, build a culture of innovation, and ensure that they have the most effective leadership styles in place. . Productive innovative thinking is not inspired or sporadic.

article thumbnail

Game Changers: How Citizen Science and Gamification Are Transforming the Business World

Qmarkets

Real-time technologies, artificial intelligence, and big data capabilities exponentiate the amount of information that can be collected for both short and long-term projects. Open innovation can be used to crowd-source trending ideas, as well as keep up to date with incremental product innovations.