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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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Digital Technology MoshPit

Gregg Fraley

New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). Data Analytics. Social Media.

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Seeking more Energy Transition Ecosystem Success Stories in 2024

Ecosystems4Innovating

Let us remind ourselves where those collaborations between different stakeholders deliver real change in radical, innovative solutions. Smart Grid and Energy Management : Utility companies are partnering with technology firms to build smart grids and implement energy management solutions.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

Then innovation can finally play its true part in discovering, leveraging and delivering new value and impact. We have to recognize the days of simple product innovation are dwindling. Innovation is the unlocking mechanism. The products and services are enhanced through the digital capabilities that boost their value and worth.

Industry 289
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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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Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

Each sales person has to gather data and input their reports and forecasts. What will this innovation compete with? Can we crack the technology? This is reasonably straightforward for incremental innovations but particularly hard for radical innovations. What technology challenges do we face?

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

To do this, technology adoption and diffusion across the ecosystem needs to improve dramatically. 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. We have to recognize the days of simple product innovation are dwindling.

Industry 213