The upcoming federal budget has been dubbed the innovation budget in some Ottawa circles, but the founder of the Centre for International Governance Innovation says it doesn't mean much if the Canadian government won't heed calls to implement an intellectual property strategy.
As far as collaborations can allow for faster strategy execution and significantly contribute to product development and innovation, each party involved in a partnership has their own vision of how to achieve set goals. Often, this difference in views can lead to disagreements and disputes, where strategic deals may break, or worse, lead to legal proceedings.
The market for artificial intelligence (AI) technologies is flourishing. Beyond the hype and the heightened media attention, the numerous startups and the internet giants racing to acquire them, there is a significant increase in investment and adoption by enterprises. A Narrative Science survey found last year that 38% of enterprises are already using AI, growing to 62% by 2018. Forrester Research predicted a greater than 300% increase in investment in artificial intelligence in 2017 compared with 2016. IDC estimated that the AI market will grow from $8 billion in 2016 to more than $47 billion in 2020.
Facial recognition technology is something that most of us take for granted. We've casually noticed that our smartphones now organize photos by people, or that Facebook somehow always knows the right friends to tag. But until recently, most people haven't realized that this technology is less of a "cool trick" and will actually significantly shape the way we do business in the next five to ten years.
Researchers at MIT developed a hydrogel robot. It’s soft. It grips. It’s almost invisible underwater. In short, it’s a totally cool technology. (Hydrogels are cool materials on their own) Now, they’re trying to understand what it can be used for.
‘Let’s play with this’. – Hyunwoo Yuk, MIT Graduate Student
I've written before, both on this blog and on the blog I share with Paul Hobcraft about platforms and ecosystems about the need for seamless experiences. Innovators often create technologies or products, which have interesting capabilities or features, but rarely do they think through the actual use of the products and understand how they fit in with other products, services, infrastructure, channels and data that exist in a customer's life. These new products are often interesting but not "seamless" - customers encounter challenges when attempting to use these new solutions in their everyday settings.
Over the last decade, tech companies have been continuously proving that innovation is worth the investment and that it's often capable of improving people's quality of life and tackling some of the world’s most pressing social issues. However, even though technology has come a long way, the public sector often struggles with delivering innovations and making them fully accessible to those who need them.
Human beings are idea machines. All us have ideas all the time. Most of us don’t notice because we kill those ideas as soon as we have them.
We’re all guilty of this. In writing down and sharing my ideas on this blog I’m pretty unique – odd some might say, but despite the fact that I’ve documented hundreds of ideas, I too kill most of them.
Here’s an unnerving stat. According to recent IDC report, “by 2018, 70 percent of siloed digital transformation initiatives will ultimately fail because of insufficient collaboration, integration, sourcing, or project management.” Whether the failure derives from workforce resistance to a new technology platform or the C-suite’s neglect to deliver and build new digital capabilities in the organization, efforts to drive meaningful change through existing organization channels often fail — while causing great disruption.
The public urinal has been the subject of some interesting modernisation. Amongst a host of other toilet-focused innovations, we have looked at two particularly interesting ideas. These Rio-based urinals use pee to generate electricity to play music, thus encouraging partygoers to use them, and these public urinals in the Netherlands collect urine with the aim of turning it into public fertiliser for their plants. In Paris, the Uritrottoir is the latest attempt to put waste from urinals to good use.
At this rate, just about every man-made surface there is could be covered in solar panels in the future. Yesterday, Tourouvre-au-Perche, a small town in northern France, opened what is likely the first road paved in solar panels in the world, the Guardian reported. The road is roughly 1 km (0.6 miles) long, with one lane covered entirely in a patchwork of small solar cells that look rather like bathroom tiles, or a very dirty version of the road in the Wizard of Oz.
SINGAPORE: Companies across all sectors need to continue innovating and transforming, in order to sustain Singapore's economic growth and competitive advantage in the global market, said Minister for Manpower Lim Swee Say.
Speaking at the second Singapore National Employers Federation (SNEF) BeyondSG50 CEO and Employers Forum on Thursday (Feb 16), Mr Lim said: "With a workforce that is growing slower, we face a greater risk of running out of growth capacity, if we are not able to break our manpower bottleneck with pervasive innovation."
These leaders are changing our world for the better. We find out how they get the job done.
There are a handful of business leaders and industry figures in Britain who are changing the world. From Cindy Gallop to Lauren Armes and Sally Gunnell, these smart people seem to get an incredible amount done, in an impossibly short space of time.
Sure, we might find it easy to focus on new mobile apps, fancy consumer gadgets and new vehicles, but some of the coolest disruptions and innovations of late have occurred behind the scenes, in industries a bit less sexy.
My personal favorite at the moment is tracking technologies. Here are three cool ones we can expect to be the driving force of major changes in our lives
Nearly two-thirds of companies with well-established advanced analytics strategies report operating margins and revenues of 15% or more, according to a report developed by Forbes Insights, in collaboration with EY. The report, Data & Advanced Analytics: High Stakes, High Rewards, revealed that among those organizations who have an analytics strategy that is well-established and central to the overall business strategy, rated their competitive ability in data and analytics as market-leading. Of these organizations, 66% achieved revenue growth of 15% or more, while 63% reported that operating margins had increased 15% or more in 2016. In addition, 60% of these companies said they also improved their risk profiles.
I didn’t get around to covering it when I first received a sample, but 72U (the creative residency from 72andSunny) built a pretty neat compass device it calls LOCU. Every 60 seconds, it checks your environment measuring temperature, sound, and light so you can foster the optimal conditions for being creative.
When Gary Hamel says, “Jump,” businesses ask, “How high?” Hamel is one of the greatest business thinkers of the present day, and the Wall Street Journal and Forbes agree. So when Hamel talks about how both business leaders and their teams need to be engaged in the innovation process in order thrive, we would all be wise to listen.
The Austrian-born American economist, writer, and business consultant Peter Drucker wrote these words almost a half-century ago, and they still ring true today. Drucker had his finger on the pulse of corporate evolution and lived to see the truth of his words play out in global economic trends. “Although the pace may differ,” the OECD stated in 1996, “all [rich] economies are moving towards a knowledge-based economy.”
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