September, 2017

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Jumping to a fresh cycle of innovation design

Paul Hobcraft

I have argued in the past that innovation management needs to radically adjust and needs to be designed differently, it needs to be highly adaptive. In my opinion, it needs to be based on the thinking around the shift from products to solutions, from transactions to building far more value-adding ongoing relationships, from a supplier of product services into highly valued network partnerships, exploring innovation across all options. instead of delivering on discrete elements; this requires man

Design 232
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3 Tactics that Make Innovation Management Easier

IdeaScale

IdeaScale learns from all its best customers, but in our latest interview with Redwood Credit Union we learned three things that make innovation management easier: Pre-Populate Your Campaign. When RCU launched their first campaign that asked for ideas that would help improve the member experience, they seeded that campaign with ideas that they had received in the past.

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Platform models are the new order of business need

HYPE Innovation

We have seen the incredible rise of platforms that have become part of our everyday lives. Be these Apple, Google, eBay, Amazon, Android, Facebook, Microsoft, Alibaba, Salesforce, Uber, Airbnb, PayPal and many more, all becoming some of the hottest companies in value, as they have built out their business on powerful platforms for us to simply connect into and draw down what we value.

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The False Promise of “Free” Innovation Software

Imaginatik

This week, I was talking with one of our clients about additional ways to leverage our innovation software. I soon learned they had been offered an innovation platform from a competitor for three years, for free. They were tempted to take the offer of “free.” For a day. But then they thought about what they need the platform to do, namely: COLLECT ideas, through engaging employees and other stakeholders.

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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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Every Company Needs an Innovation Coach

Braden Kelley

Innovation is not a solo activity. While the rare lone genius may be able to invent something on their own (although still always inspired by others), nobody can innovate by themselves. Innovation by its very nature, requires collaboration.

Company 168
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3 innovation types: evolution, preventative and creative

Jeffrey Phillips

I was thinking over the weekend that for years we've positioned innovation incorrectly. Too often we position innovation as creating a new and valuable offering or solution, ready when customers are ready to demand new products and services. In other words, we've positioned innovation as something to do to prepare for future business, future needs and future demands.

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Breakthrough Innovation or Disruptive Innovation?

IdeaScale

A breakthrough can be an even bigger deal than a disruption. Aren’t breakthrough innovation and disruptive innovation the same thing? It’s a common question when building innovation strategy. After all, the car, the telephone, the smartphone, the electric car, the solar panel, weren’t these all breakthroughs that were also disruptive?

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3 Ways to Assess and Improve (Open) Innovation Structures

HYPE Innovation

In a previous post I was telling you about engineering an open culture and how tricky this task can be. As research shows, the structures for innovation and open innovation are just as prone to failure, despite sizable investments and the best of intentions. And by structures I mean the physical spaces where innovation takes place and the formal reporting relationships (levels of hierarchy, managers’ span of control, communication patterns) within them.

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How innovation can help you conquer the new generations

Exago

A Gallup report shows that US companies lose $350 billion in revenue every year due to employees’ disengagement. In fact, 70 per cent of your employees are probably disengaged. Yet full participation is an emotional commitment that cannot be forced. With the Millennials and Generation Z joining the workplace, the challenge rises: no longer can we believe that it is enough for a company to provide the work, and that an employee’s motivation will come naturally.

Report 154
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Choosing your direction of travel

Paul Hobcraft

In the past week or so, I have been looking a little harder at the Chemical and Pharmaceutical Industry relating to innovation, it left me a little frustrated. I felt that warm and fuzzy feeling, as I read all too often those comforting words or platitudes of how “innovation is vital to us” and one of the “highest areas of focus.” Yet as you then listen to the voices of the very leaders within these industries in interviews, or read on blogs, or in discussing what are the challenges they face, i

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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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4 Innovation Mistakes That You Really Need To Avoid

Digital Tonto

It’s the ability to identify and solve important problems that transforms disruption into opportunity. Related posts: If You Want To Innovate, Avoid These Myths. Build For The Few And Not The Many. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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5 Must-Have Traits of Startup Founders

Idea to Value

Entrepreneurs often must find a successful way to differentiate their venture from the competition in a challenging marketplace. This challenge is combined with the goal of trying to make ends meet when expenses are high and income may be low, trying to determine what consumers truly want or need, and more. As the leader of your startup, your unique qualities and personality traits play a critical role in the overall success of your business.

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Four Ways to Improve Your Creative Confidence

IdeaScale

So, your company is investing in innovation, but do you lack the confidence to be creative? A 2017 Crowdsourced Innovation Report published by IdeaScale noted that more and more companies are embedding innovation initiatives at their organizations. 53% of the innovation programs are focused on leveraging the collective wisdom of employees. The report list below the six innovation priorities that companies are focusing on in 2017.

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Creating an Ecosystem of Startup Innovation Within the Enterprise

Imaginatik

Oracle’s new global startup program connects startup companies with Oracle global customers to create and nuture an ecosystem of codevelopment and coinnovation where everyone—the startups, customers, and Oracle—can win. This is a tall task—one that other corporations have promised but failed to deliver. It’s also hard to scale. Corporations working with startups isn’t new.

Report 133
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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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How to create a culture of collaborative innovation in younger generations

Exago

Millennials and Generation Z are often disconnected from the strategic vision of a big organisation because they cannot see any links between their everyday work and the company's business objectives. Being able to align an individual's everyday work and goals clearly with the organisation’s strategy gets people to think in new ways and imagine new possibilities.

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Context Matters in Successful Innovation

Jeffrey Phillips

I think we often over complicate the work of innovation, because we believe it cannot be simple and straightforward. After all, how can an activity that can disrupt an industry, create compelling new products or services and reap significant riches be simple? To drive all of this change, certainly innovation must be difficult and complex, right? Consultants often benefit from this assumption that innovation is difficult or unusual.

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The Quantum Age Is Almost Upon Us We And Need To Start Taking It Seriously

Digital Tonto

What the quantum era needs most is not sensationalism and fear, but understanding. Related posts: Quantum Encryption Is Coming Sooner Than You Think. The Time To Prepare Is Now. IBM Is Using The. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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What percentage of your brain do you really use?

Idea to Value

We have all heard the myth that we only use 10% of our brains. But how close is this to reality? It would be more accurate to say that we only use between 1% – 16% of our brain, at any one time. This is because of the amazing way that our brain is set up to use energy as efficiently as possible. Check out this great video (above) which goes into more detail about how the brain is set up to work, and how this evolution has enabled the unique ability for humans to become creative.

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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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4 Ways to Promote Innovation Without Crowdsourcing

IdeaScale

The crowd you source from doesn’t have to be outside the company. Crowdsourcing is just one facet of innovation strategy. For some, it may not be the most workable. Perhaps there are legal concerns that make it impossible. Maybe your industry is so specialized you just don’t have that big a crowd to source from. Or perhaps there’s just institutional skepticism to deal with.

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Poking the Box for Innovation

Braden Kelley

One of the best ways to challenge people’s thinking and get a group moving in a direction towards innovation is to get the group to define the box.

Groups 136
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Sweating the Small Stuff

HYPE Innovation

The Tour de France is a gruelling race, clawing your way up mountains, pounding along mile after mile of roads – and all with the whirr of gears and the click of your competitor’s pedals in your ears. Winning the precious yellow jersey, each day is a real feat – and managing to hold on to that lead through time trials, hill climbs and general jostling with the others in the peloton before the final triumphant roll into Pairs is something else.

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Interview with WW2 Veteran James Corrigan

Destination Innovation

James Corrigan (born 1924) joined the Durham Light Infantry at the age of 17. He took part in the Sicily landing and the D-Day landing. He was mentioned in dispatches and was awarded the Legion d’Honneur and the Croix de Guerre. Here he recounts some of his memories to Paul Sloane. James Corrigan aged 17. Abridged Interview (27 mins). [link].

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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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Imaginatik Announces New Full-Service Innovation Contract

Imaginatik

Boston, MA – Imaginatik, the innovation company, is pleased to announce that it has signed a new contract for its full-service innovation offering with a large US-based investment management company. The initial contract is for a three-year term and is valued at approximately $0.5M. This contract will see Imaginatik deliver a comprehensive full service innovation solution consisting of its enterprise innovation software platform and consultancy services, including innovation strategy advisory wo

Software 100
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This is the worst business advice on the internet

Idea to Value

This video, right here, is an example of what I would say constitutes the worst business advice on the internet. Please, DO NOT UNDER ANY CIRCUMSTANCE FOLLOW THIS ADVICE! “But Nick, that seemed like pretty good advice, what’s wrong with it???” Let me explain why… How the internet helps share knowledge. There is no shortage of excellent business advice out there.

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What is an Idea Worth?

IdeaScale

The world of ideas is vast, but what’s their value? What’s the value of an idea ? What makes an idea truly valuable? It’s a more practical answer than you might think. What’s An Idea Worth? There is an old adage that there’s nothing new under the sun and it is, to some degree, true. We’ve all heard about the man who invented both the iPod and iTunes in the 1970s or how science fiction authors like Jules Verne or H.G.

Examples 150
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How To Stop Worrying And Learn To Love The Retail Apocalypse

Digital Tonto

Value never disappears; it just shifts to new opportunities Related posts: The Future of Retail. Retail Isn’t Dead, But It Does Need To Adapt. How IBM Learned To Love Open Technology. Publishers. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

Learning 108
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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 Top 10 Company Pivots of All-Time | Collective Campus

Collectivecamp

While there’s much talk emanating out of Silicon Valley nowadays that “pivot is the new fail”, when the term first gained popularity off the back of the lean startup movement in the early 2010s it effectively meant making a fundamental shift in your business model, based on customer learnings, towards one that is designed to bring you closer to product market fit.

LEAN 95
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How to Hire an Innovation Manager

Board of Innovation

Definition & job description First of all, who is an Innovation Manager? By comparing multiple vacancies, job titles, and buzzwords, we’ve come up with the following overall definition: The Innovation Manager is the person that leads the research into strategic future business opportunities for a company. More specifically, she/he has to blend 3 main mindsets, HR-, tech- and business-related.

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That’s Innovation with Two V’s

Braden Kelley

Should innovation be spelled with two v’s instead of one?

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Get Out Of The Building for Corporate Innovation Efforts | Collective Campus

Collective Campus

Large corporations can have what seems to startup founders to be vast amounts of resources - more than they know what to do with (this can often be the case where companies elect to pay out huge dividends instead of investing in R&D). So why don’t large companies with millions and sometimes billions of dollars in capital reserves come out with the next big thing, the next UBER or the next Xero?

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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.