Building Innovation Capability | Paul4innovating Innovation Views

The Digitalization of Energy

We are on the cusp of a new digital era in energy. Digital technology has been involved in the energy system for decades.

What is new, is the pace of digitalization occurring through technological innovation, providing solutions that enable the energy system to be transformed?

Digitalization across the energy landscape is determining the system-wide changes of connectivity; it is linking, monitoring, aggregating, and controlling assets to cause a fundamental “blurring” between who supplies and who consumes energy.

The old paradigm of central grids will undoubtedly continue to provide the energy infrastructure backbone and keep balancing the electricity transmission network, but there will be significant differences at the local level (final point of supply) to trade energy through different grid edge designs and services.

Digitalization brings us closer to the end-user – knowing your grid edge and how to respond Continue reading “The Digitalization of Energy”

Accelerating Innovation in the Energy Transition Journey

https://www.iea.org/topics/innovation/innovationgaps/

What fascinates me presently is the energy transition currently being undertaken, due to the enormous amount of innovation options being considered and applied. New technologies are changing the very nature of how energy is going to be produced and delivered over the next ten to twenty years.

When you consider how vital energy is to society anywhere in the world, you realize what a significant time this is to curb the carbonization and radically resign the system based on renewables and green electricity. It might sound obvious, but having access to energy is crucial to our daily lives; it powers everything we do. Not just in the home, in our business lives, in our ability to function, it enables us to be productive or simply “plugged-in.”

We are undergoing such a revolution that will have an impact on all of our lives. During the next ten to twenty years, we are in a race to transform our energy system, one that moves from fossil fuel reliant to clean fuels based on renewable energy. We need to decarbonize and make energy greener. Continue reading “Accelerating Innovation in the Energy Transition Journey”

Increasing innovation focus on the end-user segments within the energy transition story

Source of visual used: https://www.elprocus.com/overview-smart-grid-technology-operation-application-existing-power-system/

When you investigate and research the energy transition that is underway, the higher focus to date has been on the progress to replace fossil fuel with renewable power generation technologies. As crucial renewable energy solutions (wind, solar) are falling in price comparison, we are beginning to see clean energy solutions for industry, for the environment, and society, as a whole. Energy transition and moving to renewable power generation, though, it is not happening fast enough.

We need to focus more on the active implementation of renewable energy solutions sooner than later. We are in an increasing race to work towards achievable goals to reduce global warming in the very ambitious time scales of the UN Paris climate agreement in 2016. This comprehensive agreement is to keep the global average temperature rise remaining below the two-degree Celsius agreed by 2050.

Presently we are failing behind this “two-degree pathway” deemed as essential, and we are currently forecasted to release more carbon and gases into the atmosphere, and that has severe repercussions for our planet. Governments will need to introduce more substantive policies to meet the emission targets they signed up too and society, industry and us, as individuals will have to undergo adjustments to accommodate this in our habits, consumption, and usage.

It is not just replacing energy sources; it is all about solution renewal end-to-end Continue reading “Increasing innovation focus on the end-user segments within the energy transition story”

Innovation adoption in the technology lifecycle for Energy Translation

Building the systems enabling framework. Source: World Economic Forum

Technological innovation has a central role to play in the Energy Transition currently being undertaken throughout the world. The shifts need to take the different parts of the energy system through a lifecycle approach to any future energy system

Briefly, our energy system has been based mostly on fossil fuels (oil, coal, gas) and as we extract these, they are non-renewable and the primary cause of the carbonization crisis we are all facing on planet earth. The solutions to replace these fuels are renewables based on wind, solar, biofuels, and have a sustainability credential. The economics of powering the energy system with renewables has got to the point where there is real competitiveness so we can undertake this energy transition and reduce the emissions of carbon into our atmosphere. Continue reading “Innovation adoption in the technology lifecycle for Energy Translation”

Managing Energy Transition through Innovation

In the past few months, I have been placing an increasing focus on the energy transition we all need to undertake in our energy systems, to build a more comprehensive understanding of the parts that make up the whole of this transition.

It is one of the most critical places where innovation application is required and able to be conducted to deliver a sustaining impact in our world. Innovation solutions will provide the energy transition needed, and that is what makes it such a compelling area to focus upon.

For me, the energy transition that the world is undertaking requires all forms of innovation, to offer technically advanced, as well as breakthrough solutions, to an incredibly complex system of energy delivery. To redesign a complete energy system in twenty to thirty years, which is the current time frame being wanted to be achieved, is as demanding as you can get. I certainly want to play a role in this transformation, it is exciting, challenging, and demanding on all involved.

We need to appreciate the magnitude of the innovation challenges Continue reading “Managing Energy Transition through Innovation”

Recognizing an innovation need

Increasingly I am noticing that Organizations are facing the increasing dilemma of how to organize and manage within their present systems and structures their innovation activities.

Innovation is becoming far too complex for the innovation process installed within the (one) organization. It is far too self-contained and not open to the collaborative environment we need today, where others outside the one organization can freely exchange and collaborate on the same platform.

I have argued for some time we do not have an “innovation fit-for-purpose” system, we still are focusing far too much on having separate solutions for the front end (IP discovery), then idea generation, and then keep separately the pipeline and portfolio management. We are still randomly applying a range of tools that individuals have collected for themselves to complete their part of the job and the outputs can’t be shared. We continue to exchange across different social channels, often seen as a necessary evil to be bridged, as often systems do not “speak” to each other.

We fail to connect up all of our innovation process and design. When will we have a fully integrated, end-to-end innovation system? Some software solution providers seem to be working towards it but tend to keep adding pieces and not stepping back and designing a fully integrated process. Why? We are managing innovation at often very sub-optimal levels of effectiveness. Continue reading “Recognizing an innovation need”

Checking for the global pulse of innovation

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.

I can certainly understand that but as a barometer of the health and investment going into innovation, it will eventually filter through to you and has more relevance than you first imagine.

This report is mainly for those interested in forming national policy on innovation, or judging where they are within the global race on innovation, yet it tells us all some really important points on the current health of innovation.

Yet the innovation message is for us all. If nothing else read this summary. Continue reading “Checking for the global pulse of innovation”

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

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. Yet both are really hard work.

The work-to-be-done is the need for our future growth and well-being to be derived from innovation activities.

These are so often made up of so many intangible parts that need exploring, investigating and discovering, the exciting parts of work. As we reveal ideas, concepts or new designs we are providing the new wealth of organizations, in the knowledge sharing economy of today and the near future. We are adding discovery. Continue reading “I prefer the work-to-be-done for innovation.”

Valuing digitization alongside innovation

We all see around us increasing disruption caused by digitalization. The powerful effects of digitalization are opening up different business opportunities, the chance to design different business models and get far closer to the ultimate need, to understand the customers wishes from the products and services they are wanting to buy.

We are seeing a very distinctive advantage in embracing digitalization into innovation. The potential of combining digitalization and innovation insights offers significantly more potential for sustaining growth and building a greater connection into the needs of our customers.

Much of our innovation work today is caught up in out-of-date information, poor and inadequate data, restricted research and limited market understanding. Our innovation insights are badly lagging, with the effect being the solutions offered are not ‘tuned’ into the present and anticipated needs, as they often lack dynamic data. We need to digitize our innovation activities fully.

We need to ditch much of our existing innovation processes and practices, reliant on manual systems and so often trapped in silos of knowledge. Digitalizing innovation processes can potentially liberate us from ‘second-guessing’ customer needs and connect us into real-time understanding. This being ‘digitally connected’ can provide the catalyst to a greater level of innovative solutions that are far more aligned to customer and market needs.

Why does the combination of digitalization and innovation have such a transforming effect?

Continue reading “Valuing digitization alongside innovation”

Building the Coordinates into your Innovation World

Most of us are very aware that Innovation can be fairly complex in what needs to be pulled together to take an idea or concept into a finished product.. We are also aware innovation often ‘flies’ in contradiction to the normal organization’s ways and wishes, especially the emphasis on working in structured, efficient and productive ways. Innovation can often be rather chaotic and discovery driven, it often is seen as counter-productive to the orderly state our organizations wish to achieve.

Yet it is that randomness, that serendipity, that sudden discovery that needs a different way of thinking and organizing innovation. It can still be well-structured and effective but it needs the opportunity to allow in accidental discovery, by-chance conversation, fortuitous moments that just seem to happen and occur as you are “open” to them. You need to have both structure and unstructured aspects to allow innovation to happen, evolve and eventually shape towards an outcome that changes the current status quo. Innovation should always challenge and question this status quo.

One of the useful ideas of using an external resource is to put additional coordinates into your innovation world, they see contradictions in a different way. They can assist in working through the conflicting signals, so as to help align innovation in helpful and thoughtful ways. Certainly, the innovator’s role is not an easy one inside the structured world of larger business entities.

Continue reading “Building the Coordinates into your Innovation World”