Wed.Oct 20, 2021

article thumbnail

You don’t need to invent everything new to be innovative

Idea to Value

A lot of innovation teams think that in order to be innovative, to be really creative, you have to be completely original. That means, that you need to create everything yourself. Even if it means starting from zero, where parts of what you need already exist in the market and can be used freely. This could not be further from the truth. And innovation teams which try to do everything themselves end up wasting a huge amount of time and resources because they reject ideas and knowledge which was

article thumbnail

Crowdsourcing During a Pandemic and Different Innovation Roles

IdeaScale

Overview: In 2017, Davidson College redesigned its innovation program for more transparency, engagement, and democracy. The process was designed to bring in and launch as many ideas as possible, built on the IdeaScale platform. This became particularly important when the COVID pandemic impacted the campus, leading to rapid change. Building An Inclusive Innovation Practice.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Prevent your Innovation from being Shelved Forever

Strategos

How many of your company’s ideas are stuck? How often does the exuberance of ideation become the fatigue of realization? We often see this. Great ideas turn into great innovations, but if they do not address an immediate and apparent market need, they are allowed to atrophy “in the lab” Not too long ago, one of our clients in the chemical industry had this exact problem.

article thumbnail

The Chief Innovation Officer’s Three Core Roles

Wellspring

In recent years, the position of Chief Innovation Officer (CINO) has gone from a footnoted curiosity to a mainstream trend. And now we have data-driven evidence that CINOs play an important role in driving growth for their companies. In Wellspring’s 2021 R&D and Innovation Agenda report, the presence of a CINO was one of several factors that correlated strongly and positively with superior corporate performance.

Trends 98
article thumbnail

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.

article thumbnail

7 Essential Ingredients of a Crowdsourced Innovation Campaign

InnovationManagement

Many companies are introducing Innovation as a Service, which means an internal group acts as a consultancy that can solve problems for business owners. These innovation teams bring a number of skills to the table, including research, communications, project management, networking, and much more. Many have also adopted a “proudly found elsewhere” solution approach, which uses crowdsourcing to ask the entire workforce or even beyond the walls of the organization for solutions to existing problems

article thumbnail

007 Leadership Skills we can Learn from 007 (James Bond)

Rmukesh Gupta

This is my 750th blog post on this blog and I wanted to write about something that I absolutely love. I absolutely love watching movies and have been a James Bond movie fan almost since the first time I watched him on screen (since Sir Sean Connery brought this to life). I was watching the trailer of the latest movie in the franchise – No Time to Die and got reminiscing about all the different Bond movies that I have watched in the past.

More Trending

article thumbnail

The Power of Diverse Thinking | Matthew Syed

Rmukesh Gupta

Really enjoyed the short RSA Short Video about the importance of cognitive diversity. Hope you like it too. Watch the video here.

Video 59
article thumbnail

How to Reduce Employee Turnover in Manufacturing

CMOE

Manufacturing is a tough industry. Not only are there high demands in quality and quantity, but there are also challenges in retaining talent. Manufacturing is one of the top four industries hit hard by turnover. According to the U.S. Bureau of Labor Statistics, manufacturing had a 44.3 percent turnover rate in 2020. When comparing the separation rates from 2016 to 2020, manufacturing turnover rates consistently increased year after year, rising from 27.2 percent to 44.3 percent.

How To 52