Startups and new technologies are popping up constantly. Geographic limitations are being lifted as nearly everything becomes globally connected. The explosion of data — and the associated potential for analytics — has changed the playing field on which companies compete.
All industries must continue to innovate and improve to keep up. Let’s embrace change, collaborate, and empower our more conventional industries to move forward.
Here are some ways leaders can spark innovation in any industry:
Start small. Pick a specific area of interest. Find the smallest aspect of that specific area you can practically adjust, and modify it for the better. Be prepared to use what you learn from that effort to expand to larger areas until you’ve built the momentum necessary for broader change. Build empathy for both direct and indirect customers. What goals are they trying to achieve in the small area you’re focused on? What do they like and dislike? What are the unintended consequences of their current ways of operating? Whose needs are not being adequately met? Understand the pain points so you can identify a way to help. Iterate. A minimum viable product is one that “maximize[s] validated learning for the least amount of effort.” Use rapid iterations to make your product better. Always involve your customers in the iterative expansions by keeping them front and center so you build what they need. Be patient. Understand that idea adoption takes time, and be careful not to waste it. Spend your energy where it will have the greatest effect. Work toward understanding both hesitations and interests so you can find the driving force behind innovation adoption. And, above all, look for opportunities where people are the most anxious for a solution
One thing is certain: the rising access to capital, matched only by the height of the dot-com boom, allows the challengers of today to scale digital, disruptive products faster than ever before keeping incumbents like Amazon feeling the risk of disruption.
Emeric Nectoux's insight:
Same game, new rules
Innovative startups and their venture capital counterparts have been around for quite some time, allocating capital to grow ideas into business, but the recent shift in funding (coupled with the increasingly digital and connected world) have changed the rules of competition.
Trends - Gartner's vision when it comes to current and emerging technologies and when will they reach the expected benefits against the length of time we expect it to take for each to reach mainstream adoption. Must read!
“ Pour la quatrième année consécutive, KPMG a interrogé 832 dirigeants d'entreprises technologiques (start-up, PME-ETI et grands groupes) dans le monde ainsi que des fonds de capital-risque et des investisseurs spécialisés, sur leur vision de l'innovation technologique.”
Via Pascal BAUDOIN
What prevents individuals and organizations from innovating is their mindset.
Being innovative requires a deep understanding of the world we live in. Innovators should not fall into traps such as thinking that "everybody loves innovation" or "innovation is easy"... This article gives the 2 side of the coin, when it comes to innovation, for the innovators and the non-innovators.
When it was first announced at the end of last year, the hovering ArcaBoard was viewed with skepticism by many people. Since then, however, the device has been publicly demonstrated – and it has now reportedly entered production.
For details on just how the ArcaBoard works, check out our original article.
What it boils down to is 272 hp and 430 lb (1,913 N) of thrust being generated by 36 high-power electric ducted fans. This can levitate a standing 110-kg (243-lb) human passenger up to an altitude of 20 inches (50 cm), moving them horizontally at a top speed of 20 km/h (12.5 mph) – although only for about six minutes, or a range of about 2 km (a little over a mile). After that, the battery has to be recharged for 35 minutes, or an optional extra battery can be swapped in on the spot.
“The world’s hottest startup isn’t located in Silicon Valley—it’s in suburban Florida. KEVIN KELLY explores what Magic Leap’s mind-bending technology tells us about the future of virtual reality.”
Via Jim Lerman
Emeric Nectoux's insight:
Mixed Reality is much more promissing than Virtual Reality... My belief is that Mixed Reality will really revolutionize our perception of the world and our interactions with people. While companies around the world are encouraging people to work from home (reducing companies' expenses when it comes to facilities), Mixed Reality could be a real enabler for people to work together from distance.
A brand once associated with family entertainment and a cozy Saturday night in is now a prime example of an incumbent unseeded by digital disruption. Of course, that brand is Blockbuster. Netflix, the disruptor, has become such a force that it has become a millennial colloquialism – “Netflix?” is now synonymous with entertainment.
Emeric Nectoux's insight:
Columbia Business School professor Rita Gunter McGrath shows through her research, companies like Blockbuster certainly can see it coming if they track three key signals:
“ Comment gérer l’innovation en entreprise? Quels sont les principes et conditions favorable pour innover? Innovation versus Recherche & Développement, quelles différences? Quels obstacles culturels et structurels à l innovation? Les grosses entreprises sont elles en capacité d’innover? Quelles relations construire entre les start-ups et les grosses entreprises pour favoriser l’innovation?…”
"Evidence continues to emerge about the benefits of being a curious, interested person. Curious people tend to experience greater satisfaction with their lives, greater cognitive ability and increased memory function. Check out our latest infographic below for more information on the benefits of being curious."
“La révolution digitale est donc là : ce qui au départ n’avait semblé n'impacter que les agences de voyages, les maisons de disques et les cinémas concerne non seulement l’ensemble de l’économie, mais”
Via Jean-Philippe BOCQUENET
Emeric Nectoux's insight:
Excellent article résumant le début de la première ère que nous connaissons de la révolution numérique qui est en cours; et exposant 2 possibles... Point de vue, à la fois intéressant par son analyse, motivant et pouvant aussi effrayé par certains côtés. Tout dépendra des orientations prisent par le plus grand nombre dans les années à venir.
Like my son asked me when I showed him this video... "How will it avoid trees and buildings?" I guess he saw me piloting my own drone way too much!! :D
Anyhow, beside these "SMALL" question from my son, the idea is great! Lot of to be solve before having it flying though... But it could get ride of Uber once it is there and we have solved air traffic!
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