It’s an interesting thought. Creative thinking, design innovation, new business models – deriving new or sustained value. They rely on a product or human truth to ignite change and to seek resolution for an existing or future problem.
The concept of failing fast and failing often to innovate and evolve a roadmap for future success. Learn to deftly choose between restarting, tweaking or resetting – to continue and to maintain your edge. Digital tools are now being used to help innovate remotely and to engage stakeholders. Moving at a faster pace, but collaborating globally in a process and making informed real-time decisions virtually with selected test groups.
There’s an excellent model to consider whether to iterate or innovate your business – SCAMPER.
Substitute – one product use for another
Combine – sell new idea and existing products together
Adapt – convert existing customers
Modify – existing product or service
Put to another use – repurpose or recycle
Eliminate – streamline or simplify the offer
Reverse – change the market norm
The introduction of technology across all aspects of our lives is here to stay. Trends behind the development and adoption of AI are leading us to become self-generating first-party data sources.
The Microsoft vision is that we’ll train our own models with our own local data via-machine learning. Creating AI-powered organisations where all employees (not just IT) are empowered to iterate and innovate using shared, dynamic organisational data.
Skilling these employees is undoubtedly the priority for the future-ready business. Removing silos and democratising access to data; enabling cooperation with AI – removing labour intensive processes and leaving the higher-level human interaction to take place where it matters – creative thought.
These are exciting times, accelerated through current events. Remote working with virtual collaboration and mind-mapping tools will allow a platform-based economy to flourish, creating new opportunities for businesses to both operate and to succeed.
The Innovation People use a combination of guiding innovation principles and the overlay of new technology to provide real-time insight and collaborative working. Producing actionable pre-concept outcomes within an agile sprint approach. Cutting down time to test and to market, reducing the cost to innovate, but meanwhile retaining the flex and momentum to act with informed and relevant insight.
Testing to avoid the gimmicks and arriving at meaningful outcomes.