Will big data solve the innovation gap?

RTI Innovation Advisors

For many companies, I think there is a relatively significant gap between what they actually generate as compelling new products and what they wish they generated. The gap is real, and it means that many companies aren't as profitable or as competitive as they'd like to be. Lately, with the advent of "big data", machine learning and other factors associated with data and more intelligent processes, the argument has been made that these capabilities will solve the innovation gap.

Predicting relationships with big data innovation – Red hot business models

Leapfrogging

But did you know that companies can predict your perfect match based on the data that you provide them? And they’re creating disruptive business models in the process. Data showed people paired up around or joined the ranks of the newly single on the dates listed below.

Predicting relationships with big data innovation – Red hot business models

Leapfrogging

But did you know that companies can predict your perfect match based on the data that you provide them? And they’re creating disruptive business models in the process. Data showed people paired up around or joined the ranks of the newly single on the dates listed below.

The Automotive Industry’s Big Data Challenge (Part 1)

Corporate Innovation

In this two-part series, we will discuss the big data challenge facing the automotive industry. The pieces are the result of my work in the industry helping corporations with their innovation and big data strategies. To be effective in the information business, automakers must change their perspective and start thinking about an overall process for big data in and around the car. Automakers must become serious about big data .

The Automotive Industry’s Big Data Challenge (Part 1)

Corporate Innovation

In this two-part series, we will discuss the big data challenge facing the automotive industry. The pieces are the result of my work in the industry helping corporations with their innovation and big data strategies. To be effective in the information business, automakers must change their perspective and start thinking about an overall process for big data in and around the car. Automakers must become serious about big data .

Automakers Must Partner Around Big Data

Corporate Innovation

By extensively utilizing data, and paying attention to detail Tesla has changed the conversation on the type of personalized experience car owners (drivers and passengers) should expect from an automaker. Tesla has taken a lesson from Apple, Google, Facebook and Amazon, four companies that obsess about connecting pieces of data and using it to better understand their consumers and tailor their services to provide the right experience.

Automakers Must Partner Around Big Data

Corporate Innovation

By extensively utilizing data, and paying attention to detail Tesla has changed the conversation on the type of personalized experience car owners (drivers and passengers) should expect from an automaker. Tesla has taken a lesson from Apple, Google, Facebook and Amazon, four companies that obsess about connecting pieces of data and using it to better understand their consumers and tailor their services to provide the right experience.

The Automotive Industry’s Big Data Challenge (Part 1)

Corporate Innovation

In this two-part series, we will discuss the big data challenge facing the automotive industry. The pieces are the result of my work in the industry helping corporations with their innovation and big data strategies. To be effective in the information business, automakers must change their perspective and start thinking about an overall process for big data in and around the car. Automakers must become serious about big data .

Are Corporate Innovation Centers The Last Hope for Companies Too Big To Fail?

InnovationManagement

Companies once deemed “too big to fail” are increasingly exposed to failure. The threat of disruption is everywhere. Disruption is just a matter of when, where and why. Whether companies thrive or cower in the face of digital Darwinism is a choice.

Either You Drive Disruption Or You’re Outpaced By It

Game-Changer

Every single industry, domain and business is being disrupted by emerging technologies such as artificial intelligence, big data, virtual reality, augmented reality, blockchain, internet of things, drones and 3D printing. You have to disrupt yourself, before someone disrupts you.

The Innovation-Driven Disruption of the Automotive Value Chain (Part 2)

Corporate Innovation

Companies in the automotive value chain are faced with a challenging future. Figure 1 shows the top 20 R&D spenders in 2014, based on data compiled by PwC, where we see (in red) that six of the top 20 companies are incumbent automotive OEMs. Company. Company.

The Innovation-Driven Disruption of the Automotive Value Chain (Part 2)

Corporate Innovation

Companies in the automotive value chain are faced with a challenging future. Figure 1 shows the top 20 R&D spenders in 2014, based on data compiled by PwC, where we see (in red) that six of the top 20 companies are incumbent automotive OEMs. Company. Company.

The Industry 4.0 Advantage

Daniel Burrus

is far more interlinked than revolutions before, allowing for improved company communication and collaboration. Big Data and Analytics. allows for streamlining, collecting and comprehending data from many different sources, including networked sensors, production equipment, and customer-management systems, improving real-time decision making. Universal data-integration networks in Industry 4.0 Elements of high-speed data analytics coupled with A.I.

5 Ways FinTech Will Disrupt Your Company

Spigit

A thoroughly modern, hybrid fusion of Wall Street and Silicon Valley, FinTech – or financial technology – has often been hailed as the next big thing. Now, it promises to bring further disruption and fundamentally alter the way businesses grow, manage their finances and most importantly, meet the needs of their customers. Leveraging Big Data. The post 5 Ways FinTech Will Disrupt Your Company appeared first on Spigit.

Business Model Strategies & Tools for Disruptive Digital Innovation

Leapfrogging

Want Disruptive Digital Innovation? At some point every industry and every organization will face disruption. Your company may be at similar risk if you find yourself asking: Why are my margins shrinking? Disrupt using data.

Tools 158

Is your company up for disruption? Possibly not

David Marks

For the best part of the past decade consulting firms and doom mongers have been heaping scorn on established companies and large corporations. Disruptive technologies and upstarts are wrecking havoc far and wide, they warned, and (unless you hire us) you will be the next to go.

The Innovation-Driven Disruption of the Automotive Value Chain (Part 3)

Corporate Innovation

In a previous post I wrote about the disruptive innovations that have been introduced by Tesla Motors (Tesla) and Uber and presented the steps the automotive industry should be taking in order to address the startup-driven disruption. Disrupting the Automotive Industry is Expensive.

The Innovation-Driven Disruption of the Automotive Value Chain (Part 3)

Corporate Innovation

In a previous post I wrote about the disruptive innovations that have been introduced by Tesla Motors (Tesla) and Uber and presented the steps the automotive industry should be taking in order to address the startup-driven disruption. Disrupting the Automotive Industry is Expensive.

Will Your City Be a Smart City Soon?

Daniel Burrus

Politicians are seeing the real benefits and cost savings that smart city initiatives can provide, and as citizens we need to get used to the idea of our towns collecting and making use of more and more data to reshape the world around us for the greater good.

A new value chain for next-generation mobility

Corporate Innovation

In my book, The Big Data Opportunity in Our Driverless Future , I make two arguments: 1) that societal and urban challenges are accelerating the adoption of on-demand mobility, and 2) technology advances, including big data and machine intelligence, are making Autonomous Connected and Electrified (ACE) vehicles a reality. Without making this shift, automakers run the risk of being disrupted. Hertz), and logistics companies (e.g., Data services provider.

The Business Case Alternative: How to Support Disruptive Innovation at a Large Company

The Inovo Group

There is not much written in this article that hasn’t been written about numerous times before, but it does provide a concise summary of many of the issues large companies face and some of the reasons they are not good at disruptive innovation.

Analysis Of The Next-Generation Mobility Value Chain

Corporate Innovation

In the previous post I described a new value chain that will connect companies providing on-demand mobility and three emerging models for the realization of this value chain. Fleet maintenance is already emerging as a major issue for ride-hailing companies.

Disaster: CEO’s Ignoring Digital Innovation

Gregg Fraley

And, introduces disruptive approaches to customer value. Analytics contribute to a spectrum of sophistication with advanced analytics, data visualization, machine learning, cognitive computing, artificial intelligence , etc. A big part of the conversation is going to be about How.

Companies betting big on open innovation

hackerearth

At lower risk and often lower costs, companies can use this strategic tool to explore new opportunities for growth. When companies leverage the power of brilliant minds everywhere, success can’t be far behind.

The Life Sciences Industry: Decision Making from Batch to Continuum

IdeaScale

Digital capabilities and big data is transforming everything from discovery to commercialization. In the same survey they are reported to be more worried than CEOs of other sectors about disruption to their Industry.

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.

Why Your Company Needs Data Analytics

Daniel Burrus

Data analytics is the science of extracting patterns, trends, and actionable information from large sets of data. Think of business intelligence as the ways in which companies use data to improve their management and operations.

Data 80

The Evolution Of Project Management — Trends For 2018

AureaWorks

EVM integrates cost, schedule and scope to create data points to be used to evaluate progress. Agility has disrupted traditional delivery methodologies, and companies are learning that they need to blend agile and waterfall to deliver results.

Ready? Security Robots at Your Local Mall, Store and Neighborhood?

Linda Bernardi

Knightscope is one such company. We ran out of time and some of my questions were left unanswered, and frankly my questions made the guy pause and think: “Is she worried about my company, in this case Knightsope, intruding on her privacy? Who has access to this data?

Video 31

What do most innovative companies have in common?

hackerearth

The most common aspect of some of the innovative companies is that they are also high-performing organizations. In innovative companies, innovation is not sporadic. Over 79 percent successful, innovative companies encourage innovative behavior throughout the organization.

LEAN 82

7 Habits of Highly Innovative Companies

ITONICS

It is the lifeblood of our global economy, a survival skill and a strategic priority for any company worldwide. We looked at some of the most innovative companies and their unique practices and filtered out seven key habits that are applicable to business and beyond. Innovation.

How Should Your Business Find the Next Big Thing?

IdeaScale

Disruptive or incremental innovation? The reality of innovation is usually far less dramatic, with hundreds of people at dozens of companies chipping away at a rock and discovering, to their surprise, that all those years of chipping have yielded a beautiful statue.

Video 148

Technology leads, innovation exploitation is lagging

Paul Hobcraft

It is highly reliant on manual systems with people often disconnected from the real innovation engagement making decisions on inadequate data or insights. This merging of cloud, big data, social, and the internet of things is becoming the new system of discovery according to some.

The Perfect Conditions for Entering A New Innovation Era in 2017

Paul Hobcraft

The Business Model seems to have a reduced shelf life, we are witnessing more disruption and transformation of existing formats. A good platform requires a high quality of liquidity in content, resources, data, the potential for dollar capture and knowledge flow.

Key Issues in Innovation Management – Revisited – Part 2

Tim Kastelle

Although, this is highly individual to each company, there may be some common cornerstones – such as the “ Three Horizons ” concept – structuring this way. Most companies are not targeting mobile products and capabilities in their innovation efforts.