Fri.Apr 26, 2019

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What is your Waterproof Teabag?

Innovation Excellence

Consider for a moment these self-contradictory innovations: The solar-powered flashlight The inflatable dartboard The underwater hairdryer The waterproof teabag The concrete liferaft At first sight they look silly but each contains the germ of an interesting idea. You can charge up a solar-powered flashlight in daylight and then take it into a cave.

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Nesta’s Landscape of Innovation Approaches

Paul Hobcraft

You sometimes need to kick yourself. Well in my case that seems to be increasing by the day. I have to confess I have drifted in and out of checking on Nesta , based in the UK. Different reasons, different focus areas partly although innovation keeps us together, well me checking in on them, I’m not so sure it is the same their end. Nesta is an innovation foundation.

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The Gospel for the 2019 Agenda – Innovation

InnovationManagement

About ten years ago, four out of ten people in the world had a Nokia cell phone. We can only imagine how the CEO of Nokia ten years ago would have reacted if someone told him that in 2018 not one of us would have a Nokia.

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Importance of Innovation – What it Means for Businesses and Society at Large?

Viima

According to McKinsey, 84% of executives say that their future success is dependent on innovation. Although innovation may sound like a buzzword for some, there are many reasons why companies put a lot of emphasis on it.

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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.

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How To Leverage Your Strategy Reviews?

Ankush Chopra

It is common knowledge that if you want to succeed in a business career, you must demonstrate your mettle again and again. But to prove that you are a heavy hitter, you need to stand on the home plate; if you never get to the home plate, the world will never know your batting average. It is not surprising then that half the work in your climb to career heights is in getting to the home plate.

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The Innovators’ DNA in a Design Infused Company

Be-novative

Whether a company has ten or hundred thousand employees, it has access to an untapped resource of unique, diverse and broad perspectives and insights that employees of these companies don’t share effectively. Any company with a customer service has employees who make hundreds of observations each and every day, and generate new learnings, either consciously or sub-consciously.

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Know that your customers’ needs will change

Beyond the Obvious

A big part of my business is being aware of, and responding to, the life cycles of my industry and my customers. Some of these are easy to see; you only need a cursory understanding of the effect of OPEC on gas prices in the early ’70s to understand why cars became more fuel efficient […].

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Our top 5 favourite innovation blogs

Idea Drop

We’ve discussed in the past how crucial new ideas are to the innovation process. However, those ideas don’t always have to come from inside your own head. In fact, learning about new things and the way others do business is a fantastic way to find the inspiration you need to create something new. Education is […]. The post Our top 5 favourite innovation blogs appeared first on Idea Drop | Idea Management Software.

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Vision: the superpowers of Machine Learning

mjvinnovation

*Vision Image: Marvel/Disney. Created by Tony Stark, the android is such an advanced artificial intelligence that it has awakened self-consciousness in the events of Avengers: the Age of Ultron. In our Data Science universe, it represents Machine Learning. Machine learning is nothing more than a model of data analysis. The method starts from the premise that the machine can learn from the data collected, that is, it is able to identify patterns and make decisions on its own, with little human in

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The Innovators’ DNA in a Design Infused Company

Be-novative

Whether a company has ten or hundred thousand employees, it has access to an untapped resource of unique, diverse and broad perspectives and insights that employees of these companies don’t share effectively. Any company with a customer service has employees who make hundreds of observations each and every day, and generate new learnings, either consciously or sub-consciously.

Design 40
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From Data to Decisions: Maximizing Retail Potential with AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and guest speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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18 Reasons to Develop a Culture of Innovation in your Company

Braineet

Find out why having a strong culture of innovation is absolutely essential to thrive - and survive - in the digital age.

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Business Practice 101 – Old School Is Out

The Human Factor

image source. Contributed post –. Companies that have been successful in the past are probably reluctant to change. But, in today’s technology-driven world, change is needed. And if you’re stuck in the old way mentality, chances are your business is not going to survive for very long. SEO companies are driving the Internet right now. For your business to succeed, you need to get people to your website.

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Design Thinking: The Irony of Making Big Bets on a Test & Learn Methodology

Michael Roberto

I was interviewed recently for an article titled, "How to make the case for design thinking" by Stephanie Overby. The piece was just published by The Enterprisers Project this week. Here's an excerpt, in which I make the point that some organizations make big bets on adopting design thinking. going against the very philosophy of the methodology. which is to test, experiment, and learn - iterating often to get better faster.

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Creating A Safe Warehouse

The Human Factor

Contributed post-. One of the more important parts of your business is the warehouse, and this is always likely to be the case. It is not only where the products themselves will generally get produced, but somewhere where a lot of the magic happens for your business in general. Because of this, you will always want to make sure that you are doing whatever you can to keep it working in the best possible way, and one of the most important elements of this is ensuring safety at all times.

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How Mature Companies Are Scaling Transformational New Businesses

Scaling transformational innovations in large companies is challenging due to ‘Company Fit’ issues, which arise when the resources, processes, and priorities (RPPs) of the core business are not aligned with the needs of the new business. Many companies have learned how ambidexterity—the ability to both ‘exploit the present and explore the future,’ can help them address these issues for ideation and incubation of new innovations, but scaling transformative business innovations remains a challenge

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Are You Offering Your Customers The Best Service There Is?

The Human Factor

Contributed post –. Customers need to be treated correctly, and handled with care. And whilst we all have our own opinions about the phrase, ‘the customer is always right,’ the sentiment remains the same: the people who come through your doors to buy from you are the people who make you your money, and help to advertise you in the most effective way known to man.

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Tips that will Help you to Throw a Successful Business Event

The Human Factor

Contributed post –. The idea of hosting a full event can be intimidating to say the least. There are a lot of parts involved and you also have to coordinate a lot of different people as well. You really shouldn’t let this scare you off, and there are a lot of things that you can do to make it easier on yourself. Set Your Own Goals. Think about it, do you want to attract the local media?

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6 Ways Entrepreneurs Can Use Their Phones To Support Their Business

The Human Factor

image source. Contributed post – Running your own business can be incredibly hard work, especially if it is something you have never done before. With so many different things to stay on top of and things to remember, it’s a wonder anyone gets anything remotely productive done. Luckily, smartphones are here to make our lives so much easier.

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