July, 2019

article thumbnail

3 Ways Our Bias to Oversimplify the Future Hurts Innovation

Innovation Excellence

Estimates that attempt to quantify failure rates for innovative products and services typically sit in a range somewhere between 70-95%. As an innovator, I find this an uncomfortably large number, especially given how much time and money we invest in innovation processes, consumer research and market modeling. But as disappointing as these numbers are, the reality.

article thumbnail

The interplay between innovation, creativity, and consciousness

ImagineNation

Innovation consulting can be a lonely place for a woman to play, especially in a conventional, male-oriented, and competitive marketplace like Melbourne is today. Making networking a key way of enhancing my intellectual, emotional and social capital, consciousness and creativity. Involving going out of my way to meet people with different business and life experiences, backgrounds and perspectives.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Learning to innovate in the IoT Age

Jeffrey Phillips

Lately, many commentators are given to sweeping claims about seismic change. We are either in the 3rd or the 4th industrial revolution, depending on the commentator. It can be hard to keep up. However, where there is smoke there is often fire. These commentators are correct in the sense that we are entering a time where the Internet of Things (IoT) and the data generated by billions of IoT devices will create radically new opportunities for innovation.

Learning 166
article thumbnail

4 Questions That Will Make You A Better Innovator

Digital Tonto

Innovation isn't about ideas. It's about solving problems. The better questions you ask, the better problems you can identify. Related posts: Becoming A Successful Executive Doesn’t Prepare You To. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

article thumbnail

15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

article thumbnail

The 10 (+1) ingredients for building a collaborative innovation culture

Exago

According to CEOs, innovation culture is the pillar of business innovation, but it isn't always an easy feat. We share the 10 (+1) ingredients to build a collaborative innovation culture in your organisation. The post The 10 (+1) ingredients for building a collaborative innovation culture appeared first on Exago.

article thumbnail

These 3 Cognitive Biases Can Kill Innovation

Digital Tonto

The truth is that our most fervently held beliefs are often wrong. That’s why we need to make the effort to overcome the flawed machinery in our minds. Related posts: The New Era Of Cognitive. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

More Trending

article thumbnail

How to Measure Your Innovation Progress

IdeaScale

Innovation is universally regarded as positive, but in a business context, “good” usually has to be backed up by hard data. Unsurprisingly, companies committed to innovation want to be able to measure its impact, but many companies are unsure how to do that. Different organizations will ultimately choose different metrics, but businesses that get the most from measuring innovation impact are the ones that choose innovation metrics that are aligned with their organizational goals.

article thumbnail

Don't break the rules - become flexible and agile

Jeffrey Phillips

I've read yet another good and insightful piece on success in digital transformation, which relies on an unfortunate metaphor - one about "breaking the rules". I've been around consulting just long enough to have "broken the rules" in the business process re-engineering wave, the ERP wave, the CRM wave, the Six Sigma wave, the innovation wave and now the digital transformation wave.

Agile 184
article thumbnail

Best Practices for Leading Innovation

IdeaScale

For innovation leadership to be more than just empty words, companies must understand innovation, determine the best ways to encourage it, be willing to put resources behind it, and understand the importance of the word “practices” in the term “best practices.”. Best practices can’t just be words on a page either. They have to be put to work every day if they are to have any effect.

article thumbnail

Checking for the global pulse of innovation

Paul Hobcraft

As a report, the 2019 Global Innovation Index (GII) is a whopper, at 450 pages, although 50% of this is detailed economic profiles and data tables for each country within the index. This GII report investigates and reports on 129 countries and then analyzes and ranks them accordingly. When you are caught up in generating innovation within a business these sorts of reports can often pass you by as not so relevant to your everyday job of innovation.

Policies 182
article thumbnail

Prepare Now: 2025s Must-Know Trends For Product And Data Leaders

Speaker: Jay Allardyce, Deepak Vittal, and Terrence Sheflin

As we look ahead to 2025, business intelligence and data analytics are set to play pivotal roles in shaping success. Organizations are already starting to face a host of transformative trends as the year comes to a close, including the integration of AI in data analytics, an increased emphasis on real-time data insights, and the growing importance of user experience in BI solutions.

article thumbnail

Reigniting Innovation and Creativity

Innovation Excellence

“If you hear a voice within you say, ‘You cannot paint,’ then by all means paint, and that voice will be silenced.” — Vincent Van Gogh Here’s an interesting question. Why is it that, while artistic tools have become so advanced and provide artists with the opportunity to become so much more productive, the.

article thumbnail

How to Hone Your Critical Thinking Skills to Spur Innovation

IdeaScale

Critical thinking involves going beyond cursory reasoning as sufficient proof that something is as it seems. It is one of the most important skills anyone can have, whatever their profession and whatever their position in the corporate hierarchy. A Deloitte study of Technology, Media, and Telecom (TMT) companies found that the number one skill high innovators say they’re working on is critical thinking skills – and these are companies that work on the leading edges of technology.

How To 164
article thumbnail

Idea Management: Learning When and How to Say “Enough”

IdeaScale

We all know intellectually that sometimes projects fail, but that doesn’t necessarily make it easier when it’s our project that fails. If you have ever had to scrap a project, you’re in good company. Over one-third of projects fail , either not meeting their business intent, missing timelines, or going over budget. If you think of startup businesses as projects, nine out of ten of them fail.

article thumbnail

How to Stay Ahead of the Game in a Fast-Changing Industry

IdeaScale

At the intersection of modern technology and advertising, digital marketing is one of the fastest changing industries in the world. And to stay relevant in digital marketing, you need to be innovative. And perhaps one of the most competitive and technology-dominated industries is digital marketing. Digital marketing is dominated by the duopoly of Google and Facebook, who receive 57% of digital marketing ad spending in the US.

Industry 213
article thumbnail

How To Select the Right Software for Innovation Management

Finding the right innovation management software is like picking a racing bike—it's essential to consider your unique needs rather than just flashy features. This oversight can stall your innovation efforts. Download now to explore key considerations for success!

article thumbnail

Is Organizational Structure The Secret to Innovation?

Innovation Excellence

Change your company’s structure to get bigger and better ideas. Just about everyone wants more creativity and innovation these days. But what’s the secret to getting it? While most companies agree that innovation is vital, few actually spend time creating structures or devising rewards systems hinged on creativity. Many leaders also struggle with the fact that innovation comes from culture, something.

article thumbnail

The Three Roles You Need to Have on Your Innovation Team

InnovationManagement

No matter the decade in which you grew up, the future promised one thing: flying cars. And yet generation after generation has been disappointed as our technological progress that has given us everything from angry birds to nanotechnology, but… still no Bladerunner vehicles. The post The Three Roles You Need to Have on Your Innovation Team appeared first on Innovation Management.

article thumbnail

The Limited Value Of Ideas

Digital Tonto

The truth is that ideas need ecosystems to support them and that doesn’t happen overnight. To make an idea viable in the real world it needs to continually connect outward, gaining adherents and. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

article thumbnail

Your Future Lies in Occupying the Innovation Job and Using the Skills it Provides

Paul Hobcraft

Source: World Economic Forum, Future of Jobs Report 2018. We all need to begin to grapple with what is redefining work in knowledge, skills, our experience, and our necessary abilities to be viable and useful. We continue to hear and begin to see the effects of the Fourth Industrial Revolution. It continues to impact skills, tasks, and jobs. The implications are a growing concern that both job displacement and talent shortages will impact business dynamism and societal cohesion.

article thumbnail

How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

article thumbnail

Going Beyond the Business Model Canvas

Braden Kelley

For decades when business people and aspiring entrepreneurs came up with an idea and became serious about commercializing it, they would, by default, create a business plan.

Tools 209
article thumbnail

When the World Zigs, Zag.

Destination Innovation

John Bartle, Nigel Bogle and John Hegarty founded their eponymous agency in 1982 after leaving the TBWA agency. They started with a highly unusual principle for an advertising agency – no creative pitches. Nigel Bogle argued that if they really were more creative than other agencies, they should not give away their best ideas free in their pitches. They should focus on strategy.

Marketing 207
article thumbnail

Best Sharing and Communication Tools

IdeaScale

No matter the size, every company (and person!) needs an easy form of digital communication. The internet is now the greatest and most popular platform to advertise and share your business. Social media isn’t just for teenagers sharing photos with their friends anymore; it can be a great platform for your company to advertise and share information while staying up to date with news and ideas from all over the world.

Tools 164
article thumbnail

Smart and connected devices change everything

Jeffrey Phillips

In my last post I wrote about a big transition in innovation that will occur in the near future - when the tipping point is reached and most innovation is focused on smart, connected devices as opposed to dumb products. Currently, most of the innovation that is created is focused on new software applications or on new physical products, but with little integration between them.

Change 164
article thumbnail

Driving Responsible Innovation: How to Navigate AI Governance & Data Privacy

Speaker: Aindra Misra, Senior Manager, Product Management (Data, ML, and Cloud Infrastructure) at BILL

Join us for an insightful webinar that explores the critical intersection of data privacy and AI governance. In today’s rapidly evolving tech landscape, building robust governance frameworks is essential to fostering innovation while staying compliant with regulations. Our expert speaker, Aindra Misra, will guide you through best practices for ensuring data protection while leveraging AI capabilities.

article thumbnail

True Transformation Isn’t Top-Down Or Bottom-Up, But Side-To-Side

Digital Tonto

A leader’s role is not to plan and direct action, but to inspire and empower belief. Related posts: Transformation Is Always A Journey, Never A Destination. A True Transformation Takes More Than. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

article thumbnail

Facilitating the Innovation Ecosystem Design

Paul Hobcraft

I do like to capture thoughts within Mind Maps. I am never sure if they work for others as the map maker does see things in his or her own way. In the end, it is seeing the other person getting it, that light bulb moment. I have a group of Ecosystem Mind maps but I thought I’d share this one here to trigger further the thinking that needs to go into building an Innovation Ecosystem.

Design 210
article thumbnail

Innovation-Led Transformation: delivering the next, now

Idea to Value

Everyone knows instinctively that innovation feels risky, especially compared to large, established transformation projects (like IT implementations or operational restructuring). Yet how risky is innovation actually? According to research by Deloitte’s Doblin practice, in the majority of companies, only one in 25 innovation projects actually provides a tangible return on investment.

Project 129
article thumbnail

In Praise of Ignorance and Doubt

Destination Innovation

We value knowledge and certainty and disdain ignorance and doubt. Ignorant is an adjective of derision. Perhaps we over-value knowledge and underestimate the power of ignorance; or should I say the awareness of ignorance. Why is this? Because knowledge can breed certainty, hubris and closed minds. We need to be open-minded and even doubtful about our knowledge because what was true yesterday may no longer be true today.

Policies 206
article thumbnail

HR Meets AI: The New Way of Keeping Large Workforces Connected and Engaged

Speaker: Miriam Connaughton and Donald Knight

As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.

article thumbnail

The 8 Top Collaboration Tools for Your Workplace

IdeaScale

Your company is a team. All the different departments are working for one goal: to sell and develop your product. But how is this possible if your team isn’t on the same page? Social collaboration tools can help you meet this goal. Whether in the office or on the go, your employees can share information, project updates, documents, and empower a unified workplace.

article thumbnail

The conflict between digital transformation and speed

Jeffrey Phillips

Just one more post about the importance of speed and agility and I'll leave this tired trope alone. It took over 50 years for a reasonable majority of US households to obtain landline telephone service. It took less than 10 years for a majority of households to obtain cellphone services and less than a handful of years for a majority of households to access and use Facebook.

Agile 142
article thumbnail

4 Things Every Business Leader Should Know About Artificial Intelligence and Automation

Digital Tonto

The future will be driven by humans collaborating with other humans to design work for machines that creates value for other humans. Related posts: 4 Things Every Leader Should Know About Applying. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

article thumbnail

I prefer the work-to-be-done for innovation.

Paul Hobcraft

When we are really innovating we are actually working on the Work-to-be-done, it is a far more exciting activity than constantly focusing on work done, that we need to do to refine, it, to make it more productive, efficient and effective. This work is done, certainly needs doing, no question but it is the “work-t- be-done” that gets the pulse racing.

article thumbnail

Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.