July, 2021

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The Power of the Outsider Mindset

Destination Innovation

Elon Musk. What do the following people have in common? Levi Strauss, Henry Ford, Estee Lauder, Walt Disney, Elon Musk, Arianna Huffington, Sergey Brin? They are all famous entrepreneurs who founded successful new businesses. But also they are all immigrants or the children of immigrants. According to the Entrepreneurs Network , while just 14% of UK residents are foreign-born, 49% of the UK’s fastest-growing startups have at least one foreign-born co-founder.

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The Truth About Automation, Jobs And Prosperity

Digital Tonto

When we use machines to perform tasks formerly done by humans we unlock multiple effects. The most obvious, of course, is that somebody is out of a job, less obvious are how technology affects. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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How Design Thinking Promotes Innovation

IdeaScale

It’s well known that design thinking is a creative problem-solving process, which focuses on reaching solutions that were previously inaccessible. To the trained eye, this may ring a bell as a common goal of innovative thinking as well. In reality, design thinking is a process that overlaps with traditional innovation in many different ways, making it extremely useful for innovative ideation.

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Disruption is not a strategy

Idea to Value

If you ask a number of startups what they are hoping to achieve, undoubtedly you will encounter one that is going to “Disrupt” their industry. Disruption is what Uber, Airbnb, Amazon and the iPhone did to their industries. Disruption is cool. Disruption is sexy. And unfortunately, hardly any of these companies even know what disruption really is.

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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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Our innovation era: creative destruction or destructive creation- which?

Paul Hobcraft

I keep coming back to the dilemma often faced in innovation- do we practice “creative destruction” or “destructive creation? We are entering some perilous times in climate change and what this will mean in destruction in what we know, what we value and what we are used to. I can’t imagine when Joseph Schumpeter outlined his groundbreaking efforts for explaining “ creative destruction ” he or anyone else could imagine this being flipped around to what we are facing more of today

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Innovation in the Legal Services Sector

HYPE Innovation

While product-oriented innovation is well-established as a business practice, innovation in service-oriented sectors, such as legal, accounting, and consulting, has had a slower progression – until now. Workforce disruption due to the pandemic, coupled with the rapid adoption of digital workplace technologies, are creating unique, exciting opportunities for service-focused innovation.

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4 Things Every Business Leader Should Know (But Most Don’t)

Digital Tonto

The truth is that leadership is the art of managing the ambiguous, or as Stanley McChrystal has put it, “a complex system of relationships between leaders and followers, in a particular context, that. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Why an Innovation Roadmap Tool is Still Key to Driving Your Long-Term Business Success

Leapfrogging

Over the last 25 years, I’ve spent thousands of hours and run hundreds of innovation sessions designed to help business executives across all industries to develop better strategies which will enable them to stay ahead of the competition when it comes to developing the most innovative products and services to serve their customers. ? . One of the most important tools in my arsenal as an innovation consultant is the Innovation Roadmap Template , a tool that provides a visual representation o

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Kill a stupid rule: an amazing way to reduce red tape

Idea to Value

A few years ago I had a very interesting discussion with Lisa Bodell , CEO of Futurethink and bestselling author of innovation books Kill the Company and Why Simple Wins. She told me about how most employees waste far too much time in meetings and answering emails. They were too busy to get any real work done throughout the day. In effect, busyness is getting in the way of their business.

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The Cascading Innovation Effect.

Paul Hobcraft

Visual source; [link]. We need to think about a choice-cascade integrative model for innovation. Often we fail to understand our role in contributing to innovation; we need a cascading effect. Here I want to explain my thinking behind this and provide the visual cascading steps I feel help us succeed in innovation. For me, the “cascading effect” for innovation is “ a sequence of events in which each produces the circumstances necessary for the initiation of the next”.

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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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How Government Stakeholders Identify and Embrace Innovation

IdeaScale

The path to identifying and adopting innovation in government is complex and non-linear. Government innovation teams and non-profits will have to work closely to communicate needs, coordinate ideas, and anticipate challenges before they arise. The Challenges Of Government Innovation. Governments face a few specific challenges that any innovator in the space will need to be aware of, whether inside government or working with it.

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The cost of delaying innovation

Jeffrey Phillips

Right now, as we (hopefully) emerge from the COVID pandemic in late summer 2021, there is a real debate underway in a lot of corporations. The debate is about whether or not to fund innovation work, and if the decision is positive, how much to spend or invest in innovation. The debate is fueled by the fact that during COVID few really new or interesting products were created, and by the sense that customers are beginning to demand something new and different from the same old products and servic

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How To Prepare Your Organization For Transformation In A Post-COVID World

Digital Tonto

In Built to Last, management guru Jim Collins suggested that leaders should develop a “big hairy audacious goal” (BHAG) to serve as a unifying vision for their enterprise. He pointed to examples such. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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How to Use the Innovation Matrix Template to Create New Products or Services for Your Business

Leapfrogging

Depending on your industry, size and company structure, driving innovation within your business can be a huge undertaking. Some companies are founded with innovation in mind, while others may have struggled to innovate from the very beginning. Innovation, and coming up with new products and services for your business to stand out in the market is one of the most important things you can do to ensure its success. . .

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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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Why mind wandering is good for your creativity

Idea to Value

If you want to become more creative, one of the most effective things you can do is become more comfortable letting your mind wander. It sounds simple, but there is a wealth of research which shows the creative benefits of letting your thoughts flow freely. Mind wandering, or daydreaming, often occurs when you are not focussed on a specific task in front of you.

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Our innovation era: creative destruction or destructive creation- which?

Paul Hobcraft

I keep coming back to the dilemma often faced in innovation- do we practice “creative destruction” or “destructive creation? We are entering some perilous times in climate change and what this will mean in destruction in what we know, what we value and what we are used to. I can’t imagine when Joseph Schumpeter outlined his groundbreaking efforts for explaining “ creative destruction ” he or anyone else could imagine this being flipped around to what we are facing more of today

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IdeaScale Integration With MS Teams Helps Streamline the Idea-Sharing Process

IdeaScale

IdeaScale now has a Teams integration that makes it simple to submit ideas straight from your chat. Here’s how it works. Over the past year, both due to necessity and the more natural process of remote work becoming more popular, Microsoft Teams has taken center stage as the collaboration software of choice. Now, IdeaScale has developed an integration that makes it even more useful and effective, especially for brainstorming sessions, innovation committees, and open innovation initiatives.

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The Ultimate Guide to Jobs To Be Done Theory

Viima

Like a fine-tuned instrument, successful innovation needs perfect calibration and careful adjustments, over and over again. Maybe you’ve already tried recalibrating your innovation efforts but to no avail. What went wrong and what to improve next? Successful companies focus on optimizing around the customer’s real needs. But how to do that? How to discover their underlying needs?

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Anyone Can Have A Vision. Building Competence Is Often More Important

Digital Tonto

Plenty of people have visions. Elizabeth Holmes had one for Theranos, but its product was a fraud and the company failed. Many still believe in Uber’s vision of “gig economy” taxis, but even after. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Where do You Stand on the Road to Innovation? Use the Innovation Matrix to Help Drive Your Next Innovation Initiative

Leapfrogging

A little self-awareness goes a long way. For most organizations struggling to innovate for their customers and in their markets, chances are there is a lack of genuine self-understanding and assessment around what’s getting in the way and why. In my 25 years leading innovation initiatives, I have found that big challenges arise when there’s misalignment between commitment to innovation and actual competence to develop new solutions. . .

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How to tell when it is the right time to walk away

Idea to Value

It is one of the most painful things to do. But at the same time, one of the most important. Walking away from an idea or project which is just not working. In some cases this can mean literally moving on and walking away, to another team or project. But in most cases, walking away means moving your focus to something different. Every innovation team or creative person will encounter a situation where no matter how much effort you put in, it seems like the idea is going nowhere.

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The Cascading Innovation Effect.

Paul Hobcraft

Visual source; [link]. We need to think about a choice-cascade integrative model for innovation. Often we fail to understand our role in contributing to innovation; we need a cascading effect. Here I want to explain my thinking behind this and provide the visual cascading steps I feel help us succeed in innovation. For me, the “cascading effect” for innovation is “ a sequence of events in which each produces the circumstances necessary for the initiation of the next”.

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Implementing Intelligent Document Processing Solutions: Why It Works

See how companies like yours are tackling some of today’s most common business problems using AI-assisted automation for document processing. Manually capturing, extracting, and processing data within documents is a costly and outdated practice that’s holding your company back. IDP takes document processing to a whole new level so you can understand and use your data more effectively than ever before.

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Help IdeaScale Identify the Future of Innovation

IdeaScale

IdeaScale is gathering trends to inform their view of the future of innovation. To do that, they are asking futurists, innovation leaders, entrepreneurs, and other forwarding-thinking business leaders to answer at least one of three questions in their Future of Innovation Campaign. Change happens fast. Technology creates opportunities at lightning speed, which presents companies with more ways of making money than ever before.

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What is the New Model for Innovation Success?

InnovationManagement

In this series I’ve been critically examining the significant changes impacting the corporate innovation competency, which leads to how organisations drive future growth and impact. The post What is the New Model for Innovation Success? appeared first on InnovationManagement.

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Red pill or Blue pill innovation

Jeffrey Phillips

As readers of this blog (and you know who you are) are bound to know by now, I am a movie fanatic. I love good movies, average movies, older movies and so forth. I like movies that I can quote, and also like movies that are based on my favorite books. I am one of those people who is constantly astounded when I say " African or European swallow " and people give me a blank look.

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Innovation Funnel Management System: The Secret Tool to Drive Innovative Product Development in Your Business

Leapfrogging

There were over 200 different concepts for new products and services written on multi-colored post-its and stuck on every conceivable surface across the conference room in my client’s office. The innovation session had been going on for most of 2 days, yet the participants didn’t look tired. In fact, they were energized. But how on earth were we going to cut down over 200 ideas into a few that the company could bring forward?

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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The Ambiguity Effect bias

Idea to Value

Why do so many companies keep making the “wrong” decisions time and again? And what impact does this have on innovation projects? It may be linked to a cognitive bias called the Ambiguity Effect bias. The ambiguity effect is a cognitive bias that describes how we tend to avoid options that we consider to be ambiguous or to be missing information.

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How Artificial Intelligence Can Create Real Value for your Business

Daniel Burrus

Whether we ask Amazon’s Alexa to play our favorite song or shout “Hey, Google” before asking the device a question to help our child with their homework, artificial intelligence (A.I.) has been in the spotlight more frequently in the past few years in consumer applications. In past articles, I have identified the implementation of artificial intelligence (A.I.) as being “helpfully cool”; however, its application in industries of all sorts is exponentially revolutionizing how we both think and wo

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Winpak Case Study: Connecting Employees Across Multiple Continents and Languages

IdeaScale

Overview: Winpak, a global packaging company, noticed that its innovation outreach efforts were limited to those who were able to attend at specific times and places and rarely from its 2,500 frontline workers. They developed an innovation platform, called 25hundred Innovators , to lift the voices of those workers, transcending both language and geographical barriers.

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Create a Team of Master Problem Solvers

InnovationManagement

Problem-solving is an essential skill as an innovator. If problems stump your employees, how can your organization ever innovate for customers? Luckily, problem-solving skills can be learned, and as a leader you can create a team of master problem solvers and innovators. The post Create a Team of Master Problem Solvers appeared first on InnovationManagement.

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Reimagined: Building Products with Generative AI

“Reimagined: Building Products with Generative AI” is an extensive guide for integrating generative AI into product strategy and careers featuring over 150 real-world examples, 30 case studies, and 20+ frameworks, and endorsed by over 20 leading AI and product executives, inventors, entrepreneurs, and researchers.