Wed.Jan 27, 2021

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What’s the Difference Between Open vs. Closed Innovation?

IdeaScale

There are a multitude of approaches to innovation management. One key factor, however, is “open” innovation versus “closed” innovation. While the names are slightly misleading, they’re important to understand as you approach your change management strategy. “Closed” Innovation: What To Know A better name for closed innovation might be “close innovation.

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Your competition is not who you think it is

Idea to Value

Most companies don’t know who their biggest competitor is. When asked, they might list another company providing the same goods or services. Often, ones which are a similar size to how large they are now. Or in some cases, they may list smaller, younger startups who provide a new innovative product which appeals to their target customers. But in most cases, this is not a company’s real competition.

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Bitcoin and Blockchain: A Small Glimpse Into Big Digital Disruptions

Daniel Burrus

Several of us likely remember the Bitcoin boom around the end of 2017, when thousands of individuals bought Bitcoin, seeing the value of their dollar skyrocket for a brief period. This sent the banking industry into a tailspin, desperately trying to understand this new concept of a digital currency system, and areas of the government even began to prepare a way to legislate this unfamiliar system.

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#2,086 – Slapmasks

Greatest. Idea. Ever.

Tired of losing your mask? Or looking for a convenient place to put it while hiking as you toggle it on and off? Well then, you need a Slapmask. A new kind of mask that you slap onto your wrist when you’re not using it. Women’s Health explains: “Say the words slap bracelet to any ’90s kid and they’ll wax nostalgic about the once trendy accessory.

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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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Designing Circular Business Models: From Ideation to Implementation

The BMI Lab Blog

In the current environment, we see that more and more companies are looking for ways to innovate their business models in order to create sustainable alternatives to current solutions. Implementing a circular ecosystem that solves an environmental problem while offering an attractive value proposition to customers is the ultimate goal. As discussed in the previous article, the Circular Navigator is a helpful tool for this.

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#2,088 – Quest

Greatest. Idea. Ever.

The other day former Presidential candidate turned NYC mayoral candidate Andrew Yang tweeted about some advice he gave to a young man he had met who just broke up with his girlfriend. Someone then tweeted out that Andrew Yang was basically just going around Brooklyn doing side quests. The comment immediately resonated with me and got me thinking. Considering that the whole world is literally turning into a video game right now thanks to QAnon conspiracy theorists and Reddit day traders why not c

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6 Common Workplace Problems and Possible Solutions

The Human Factor

Every organization goes through seasons or moments of challenges but how you deal with them determines your success. Challenges are learning platforms and should be embraced positively. They expose the weak points in a company which aid in building better structures. Even with the best plans and tools, expect shortcomings. Here are some common employee problems. source.

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#2,087 – Outsite

Greatest. Idea. Ever.

You may have your roots firmly planted somewhere. Friends, family, a job, or other commitments that keep you in one area for a long period of time. But there are others among us who are more nomadic. Who are single. Unattached. Able to work remotely. Willing to pick up and hop from city to city, month to month. And those people now have an intriguing new weapon in their arsenal: Outsite.

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3 Ways To Increase Productivity At Work

The Human Factor

Having a workweek full of commitments and complicated tasks can overwhelm your mind. You may find it hard to be productive during the times you most need to be, and that is normal. Whether there are other things your mind is focusing on, the task is proving difficult, or you entirely lack motivation, these three tips will boost productivity at work. .

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Innovation 101

Gregg Fraley

Kick Start Ideas That Lead to Growth. Three Hour Virtual Training, February 5th, led by Innovation Master Trainer Gregg Fraley. Dodge the Pitfalls & Establish an Innovation Cycle. There are more pitfalls in an Innovation Initiative than the moon has craters. Getting started is challenging because there is a great deal of conflicting advice in the form of books, consultancies, methods, and anecdotal stories.

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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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Change Your Business To Create Future Success

The Human Factor

source. Your team is valuable to you. What they do for your company is what ultimately defines its success. People with a self-paying opinion, their own ideas, inspiration, achievements and challenges, both within the company and outside it. These people are not only a means of creating business results, but a tremendous resource that needs to be well understood and nurtured in order for them to continue to produce and promote the company as much as possible.

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#2,085 – GameStop Is Just The Beginning

Greatest. Idea. Ever.

GameStop is no longer just a place you buy video games. Now it is the game. All thanks to Reddit inspired day traders i.e. millennials with Robinhood accounts who are hellbent on screwing over established Wall Street players who shorted the stock. To them there’s no real plan here. Most of them have no idea what they are doing or why. Don’t know a single thing about GameStop’s actual financial situation.

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How To Improve Your Money Management

The Human Factor

Businesses or individuals that do not have organized money management plans in place may suffer from financial losses. Having an unorganized financial setup or lack of expertise may prevent your business or personal goals from becoming a success. . To prevent this from happening, it is beneficial to integrate useful and expert money management tools.

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11 Questions To Ask Your IT Provider To Avoid Network Nightmares

The Human Factor

Businesses are starting to recognise that providing all their IT requirements in-house is no longer cost-effective. It makes much more sense to outsource the job to a third-party and get them to do it instead. . However, results can vary. While some IT providers and managed service providers are excellent, many of them leave a lot to be desired. . In this post, we introduce some of the questions you should ask next time you go shopping for IT services.

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How Retailers Are Transforming Customer Experiences with Data & 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.