Innovation

Education, Disrupted

Facing sizable skills gaps in their current and future workforces, companies have stopped waiting for the traditional education system to supply the workers they need. Amazon, AT&T, and others have stepped in with their own solutions to fill those gaps. These companies may be shaping the future of not only their own workforces, but of yours as well.

How Digital Twins Are Reinventing Innovation

A digital twin is a virtual replica of an object, being, or system continuously updated with data from its physical counterpart. Supported by billions of connected global sensors, digital twins will soon exist for millions of things. Jet engines, a heart, even a city can have digital twins that mirror physical and biological properties. Real-time assessments and diagnostics will be more precise; repairs will be executed in the moment; and innovation will be faster, cheaper, and more radical.

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Social Listening Is Revolutionizing New Product Development

  • Read Time: 6 min 

Social listening — analyzing what consumers say on social media — can serve as the map for a treasure hunt, allowing companies to tap into rich consumer insights in real time. Social listening is transforming how consumer product companies develop, market, and package their products to gain a competitive advantage — and we’re only just beginning to grasp the possibilities that machine learning advances will catalyze.

Making It Easier to Manage and Scale Digital Projects

  • Read Time: 10 min 

In studying agile approaches at more than 50 companies, the authors found that the organizations that achieve the most success with digital projects use processes that allow for continuous learning and that support critical business goals. With everyone following the same processes, companies do better at juggling multiple projects and reaping the benefits of scale. One of the companies studied, Johnson & Johnson, shares its approach.

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Why Large Companies Struggle With Lean

Large corporations have found that applying the principles of lean is more complicated than expected. Large organizations aren’t just bigger versions of startups. To make innovation integral to the organization, there has to be a vision of where new ideas will be incubated and how they will be delivered.

How Vigilant Companies Gain an Edge in Turbulent Times

In fast-changing business environments, companies need to stay vigilant and watch for threats from both internal and external sources. The most vigilant companies use systematic approaches to determine where to look for — and how to explore — potential disruptions.

Closing the Innovation Achievement Gap

  • Read Time: 4 min 

What makes a company an innovation leader? To a great extent, it’s a matter of mindset. Executives whose technology-led transformation projects aren’t delivering the expected value must make strategic shifts in terms of their companies’ technology adoption, technology penetration, and organizational change.

How Tech CEOs Are Redefining the Top Job

About a quarter of high-tech companies are run by CEOs who double as inventors. Through patenting and publishing activity, such leaders contribute their own expertise to their companies’ innovation and production efforts, even as they steer their respective ships. This hands-on approach may sound like a distraction from strategic thinking, but it’s the future for top leaders across many sectors, not just tech — and it is already upon us.

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Partner With Entrepreneurs Inside and Out

Companies seeking to drive innovation in the face of constant disruption benefit from adopting a strategy that supports both internal entrepreneurs and external partnerships rather than taking an either/or approach. The benefits: reduced development costs, faster time to market, and a collaborative, engaged workforce.

Winning With AI

AI promises rewards but also comes with risks ― namely, that competitors figure out how to successfully use it before you do. This year’s 2019 MIT SMR-BCG Artificial Intelligence Global Executive Study and Research Report shows early AI winners are focused on organization-wide alignment, investment, and integration.

Navigating the Contested Rise of Fintech

Technology adoption based on the technology alone is bound to miss the mark. Fintech will not disrupt the financial industry overnight, but when it does, it will reflect a larger and more complex social debate than its inherent technological or economic merits. Managers need to get involved in this debate now, so they can navigate the uncertainty, and decide to adopt it — or not.

Improving the Rhythm of Your Collaboration

With so many digital tools in the workplace, collaboration has gone omnichannel. Given how hyperconnected people are, the authors set out to explore the implications for organizations and teams. In their research, they discovered that always-on connectivity was good for fact finding and information sharing but not for problem-solving, as we tend to assume. For tasks that require imagination, it’s better to alternate between connectivity and quiet focus. Leaders must help establish a good rhythm.

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