Tag Archives: innovation ecosystems

Building innovation ecosystems allow both the network effect and relationship building to form outside your one existing environment to build greater potential solutions to customer needs

Recognizing an innovation need

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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 →

Checking for the global pulse of innovation

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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 →

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

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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. It is the pervasive power of technology integration that will change the business models of all industries.

Yet we are recognizing it will also giving rise to a number of emerging jobs yet to be identified or formulized to be trained in. A proactive and strategic effort is needed but based on what? We need to manage reskilling and upskilling to mitigate against both job losses and talent shortages but prepared the future workforce to be more nimble, agile and fluid. Here is where innovators are going to be well-positioned.

Working within the innovation space will be one of the best launching pads for being more comfortable for the future of work. Let me explain why Continue reading →

Facilitating the Innovation Ecosystem Design

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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. Does it work for you? To be honest I am not sure if it conveys as much as I would like, to reflect on differences when you come to working in innovation ecosystem designs .

To get groups to think more openly about considering innovation in a more ecosystem approach to design and interaction I like to often refer to my mind maps to trigger discussions.

Sometimes it is mine, and mine alone, and I simply talk around it without showing the map, other times I show the map. The problem when you show maps, everyone works through it in their own unique way, however hard you try to get them to work through it in the way you want them too.

I have found mind maps are increasingly highly personal and it can take twice as long to explain something when you show the map to someone else. I think to put the mind map into a powerpoint “stages” it accordingly but it takes away the total map effect.

The key for me in the map shown below is to view considerations differently when you are thinking innovation ecosystems. There are your strategic considerations, there are tactical considerations and then there are value building considerations. Continue reading →

A really worthwhile report on Innovation not to be missed from Innovation Leader.

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There has just been a highly useful benchmarking report released by Innovation Leader  with KPMG LLP sponsoring this and providing some of their collective insights into the different aspects of “Benchmarking Innovation Impact 2018″

At present, you can download the report before it might slip behind a paywall at some later stage. I would take advantage while you can. The report provides insights from 270 innovation, R&D and strategy executives and considerable work on structuring the conclusions in highly thoughtful and valuable ways to the reader.

If you are not familiar with Innovation Leader, they were created to be a growing and essential resource for innovation, especially in the bigger organizations. It has a more specific focus on the US scene but much of what it has found is universal in my opinion. It’s editor and Co-Founder Scott Kirsner (editor@innovationleader.com) and his team are building a great point of reference and meeting point for innovators to exchange and learn from each other. Maybe you should join?

Why do I think the report is well worth you investing time to read? The report provides an excellent document that enables good discussions to be drawn from the benchmarking of many organization, to compare with your own organization. The report is laid out into four parts: 1. Creating Strategic Alignment, 2.Funding Innovation, 3 Delivering Impact and 4 Moving forward.

It offers up great suggestions on tactics, relationships and obstacles you can face in any sort of innovation program, be it an early forming one or at a more mature stage. It can allow you to communicate and suggest the needs for a new innovation approach where you need others involved but they would expect to see a validation. This report helps in all these and much more.

I am going to just focus on three parts that really caught my eye Continue reading →

Return Value Back to Knowledge

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“Let’s return knowledge back to knowledge!” “Let’s return value back to knowledge” This held my attention.

So now I want to draw this to your attention, the underlying story. I was recently invited to join the Future Shapers as a contributor and I was delighted to be accepted as a future shapers contributor. this is my profile link.

There are some strong reasons to add my voice to this group so I wanted to share this with you here on my main posting site

Normally I would not try to merge my posting site with others unless I have some growing level of involvement, contribution or strong identification with. Well, this is one of those but I first wanted to wait before I publicize it here, as the official launch of a funding project kicked off late last week in Madrid,(link) that radically gives it a really different meaning, one to draw to your attention as it is radically different.

So let me explain why, so I have provided the outlines of the story below in their words Continue reading →

The Arrival and Potential of Knowledge Graphs into Our World

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Knowledge Graphs have a real potential to become highly valuable, topical and relevant. If only we can get them prised out of the engineer, data scientists, or software experts hands.

We simply should so we can get this concept fully out into the real world, that of applying as solutions to real client problems, it would really help. I get tired of hearing about “use cases”, where concepts like KG often get caught up in, that never-ending validation.

Is this validation simply because it does not work, it is too much hard work delivering the promise within the concept? Or the approach has too much complexity around it and needs massive resources to undertake?

KG needs a real resource momentum and a determination to break through uncertainty. Its huge value should drive it, and caution should be modified and lets go out and validate it, in the real world.

If any of these “constraints” are the case, then we do need to “hack this” differently, as Knowledge Graphs has what I see an incredible potential, as an application solution that should be deemed as far too important to keep under wraps. We need to instill a sense of urgency into this. Why, well read on. Continue reading →