Wed.Apr 19, 2017

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The backdrop of digital transformation and its consequences

Paul Hobcraft

Digital transformation is now omnipresent and has the potential to reshape the way all organizations operate. The customer has become absolutely central to this transformation and the drive towards the 4th Industrial revolution is driving this transformation wholesale across all industries and services engaged in business. Let me outline some of the challenges in my opinion that might help us all form a clear view of the digital transformation journey, recently researched.

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Why Diversity Matters in Innovation Management

HYPE Innovation

"Oh, I've never thought about it that way!". Have you ever said this to a friend or a colleague at work? Or has anybody ever said this to you? Probably. We don't always share the same opinion or the same point-of-view with other people in our private or business environment. We typically also don't share similar backgrounds, know-how, experiences and skills.

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Do You Know What Open Innovation Is?

IdeaScale

In case you hadn’t heard, open innovation was defined by Henry Chesbrough as “a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology.”. But what does that really mean? It means that great ideas can come from anywhere. It means that open innovation can happen within an organization (the next great product idea can come from marketing ) or it means you can look outside

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Inside the Mind of Jeff Bezos

Braden Kelley

It is not too often that the leader of a Fortune 500 gives you an insight into how their company achieves competitive advantage in the marketplace in a letter to shareholders, instead of launching into a page or two of … Continue reading →

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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4 Things Every Entrepreneur Should Know Going In

Digital Tonto

A startup isn't a smaller version of a big company, It's a search for a sustainable business model. Related posts: 3 Things That Will Eventually Kill Your Business. 5 Business Lessons From The. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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50 Research Methods for Innovation Infographic

Open Innovation EU

A few weeks ago entrepreneur Valer Pop, CEO of LifeSense Group told his startup story to us at the High Tech Campus. After having a successfull career at Holst Centre, Valer decided to start his business with just a small idea: solving unwanted urine loss. He was working on this idea at Holst Centre, but after meeting co-founder Julia Veldhuijzen, Valer and she decided to start up their own business and create specialized medical underwear to help 400 million women worldwide.

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99 Mental Barriers for Innovation Infographic

Open Innovation EU

Many of our students work on innovation projects for SME. When asked to organize an ‘open innovation session’, students enthousiastically start to read details about open innovation, open sessions and different ways of creating an open innovation-mindset within SME. We usually point them to the excellent work of Lee et al (2010) , an article that points out that SME usually prefer to be open in the exploitative stage of an innovation process (rather then the explorative stage of inno

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How to measure innovation output (part one)

Idea Drop

How to measure innovation output is a question that continues to perplex executives from across the business world. It’s a simple enough question, but the answer is far from straightforward. We live in a data-driven era where focus on tangible metrics is imperative to establishing successful initiatives and processes. The importance of measuring these initiatives and establishing appropriate metrics is widely understood to be the key to developing and growing.

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Success – the Enemy of New Work

Mike Shipulski

Success is the enemy of new work. Past success blocks new work out of fear it will jeopardize future success, and future success blocks new work out of fear future success will actually come to be. Either way you look at it, success gets in the way of doing new work. Success itself has no power to block new work. To generate its power, past success creates the fear of loss in the people doing today’s work.

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How to measure innovation (part two)

Idea Drop

In part one of this post , we introduced the recurrent problem of how to measure innovation output. We touched on the necessity of having appropriate metrics in place, the various challenges involved and the importance of setting objectives. In part two we will be sharing some recommended innovation metrics to use as a guide and how to go about implementing these metrics.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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Innovations in Automation Demand Employee Upskilling and Soft Skill Development

Innovation Excellence

Overall, there exist about five million fewer manufacturing jobs today than in 2000, a problem that government leaders have been ignoring by “recklessly putting their heads in the sand,” according to Martin Bryant of the Manchester Digital council.

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The 18th Camel

Idea Champions

A father left 17 camels as an asset for his three sons. When the father passed away, his sons opened up the will. The will of the father stated that the eldest son should receive half of 17 camels while the middle son should receive one third and the youngest son one ninth. As it was not possible to divide 17 into half or 17 by 3 or 17 by 9, the three sons began to fight with each other.

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Identifying High Potentials in Your Organization

Michael Roberto

Many organizations seek to identify their high potential employees. They provide them good opportunities for growth and development and interesting work assignments. Firms typically invest a great deal in their high potential employees. A r ecent article in Harvard Business Review suggests that many firms may be going about this process all wrong. They might not be selecting the right people as their high potential employees.

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Want to Innovate? Get Hungry!

Idea Champions

Illustration: gapingvoid. MitchDitkoff.com. Build the appetite with storytelling.

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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.