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Innovation dies at the handover

Idea to Value

The classic example here is an idea developed by a team of “innovation specialists” based on Design Thinking, tested with potential customers to validate demand, and then given to a development team to code and ship. After all, the Design Thinking team can’t code, but they can come up with the concept.

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Viable intermediary

Idea to Value

For example, how did dinosaurs evolve into birds that could fly? The company might not consider this risk to be viable, and therefore the innovation is stalled due to the sunk costs of the previous business. This ability to survive is its viability. Let us take a very simplified explanation.

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What is Lean Innovation? Components and Examples

Moves the Needle

Reviews, social media, mobile devices and so on mean that the quantity of information customers have on products, services, support issues, and ethical behavior makes them agile than the companies who serve them. Competition is now global. Agile methodology provides this structure.

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Top RPA Use Cases In Different Industries

Acuvate

Here’s a breakdown of the Top RPA Use Cases across industries that you should be aware of: Banking. RPA has enabled banks and financial institutions to improve compliance, work timelines, accuracy, quality of processes and efficiency of back-end operations besides saving time. Controls and credit review. Invoice Processing.

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How to Keep Innovating During an Economic Crisis

Innov8rs

Embrace a different mindset about those obstacles, and think about the situation in three ways: Acknowledge reality: Accept that everyone is struggling, even the major tech companies and big banks. Review your company's innovation practices, reassess your approach, and build capacity for the future.

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The Revolution is Here: Generative AI and Project Management

Planview

As chatbots pervade all aspects of our digital lives — from banking to education to shopping — those who plan and run projects for a living will expect the same intelligence, ease of use, and real-time explanations from our project management solutions.

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How KBC Bank Used Crowdsourced Innovation to Create Massive Employee Engagement

Planview

On the off chance an idea is shared, it gets lost in translation due to informal processes or too many hoops to jump through to reach a decision maker. KBC Bank, a European bank and financial services leader , is an example of a company that experienced disruption first hand. Don’t be one of those companies.