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Has innovation changed over the last ten years?

Paul Hobcraft

Today, innovation is seen as an open process, where organizations leverage external sources of knowledge, ideas, and feedback to enhance their innovation performance 1. Open innovation is the practice of sharing and using external and internal ideas to create value 2.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

Innovation is the unlocking mechanism. New materials are making our assets more durable and resilient, and data and analytics provide the valuable feedback needed to build even better services and performance in the future. The products and services are enhanced through the digital capabilities that boost their value and worth.

Industry 290
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Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

Each sales person has to gather data and input their reports and forecasts. Lessons are learned, and changes are made to constantly improve the sales process. This is reasonably straightforward for incremental innovations but particularly hard for radical innovations. Does the customer need our product?

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So Where Is Innovation Heading?

Paul Hobcraft

They point out that since 2014, only four types of innovation and that are all related to digital, have grown increasingly in importance in their pursuit by companies. So the need to innovate comes from digital as the source. It will fundamentally change the type of resources innovation requires.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

It is equally holding a new form of innovation back, one that is highly collaborative where partners come together to work on more complex problems. Collaborators can achieve solutions only by being “fully” connected up, comfortable with their data, understanding and contribution, both within their knowledge and insights.

Industry 213
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Reinnovation of the Major Automotive Players Through Eco Systems, Openness and Platform Design

Innovation 360 Group

For a deeper understanding of blockers and what you can do to innovate in conservative industries have a look at the blog post about the four paradoxes, including The Dr Winterkorn Paradox. Who are the winners – and what can we learn from them? is the average answer for R&D cost control for radical innovators and 3.07

System 40
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Reinnovation of the Major Automotive Players Through Eco Systems, Openness and Platform Design

Innovation 360

For a deeper understanding of blockers and what you can do to innovate in conservative industries have a look at the blog post about the four paradoxes, including The Dr Winterkorn Paradox. Who are the winners – and what can we learn from them? is the average answer for R&D cost control for radical innovators and 3.07

System 40