Innovation in Focus: Private Equity and Institutional Actors
Private equity funds invest in many traditional companies. So do institutional actors. When asked, leading voices in this field often claim that they are not looking for the next big thing, but dominant companies in the field, with low risk and a relatively predictable and stable cash flow.
How Innovation Management is Radically Transforming in 2021, and What It Means for You
Every new year I create a series of personal and professional resolutions. Sure, many fade into (foggy) memory, but this year I was determined to once again focus on building out my professional network. So I’ve been getting out there and having some great conversations with smart leaders, who are connected to innovation development from different career levels, competencies, geographies and industry sectors.
Why Virtual Experiences Are Here to Stay
The pandemic caused brands in all industries to embrace virtual events. But even once the pandemic eventually subsides, these digital experiences will continue to deliver value.
What Can We Learn from the Innovation Averages in 2020?
Every year, IdeaScale conducts an in-depth study of their customer trends in order to write an annual report, provide benchmarks to our clients (and ourselves), and better understand the marketplace. This data gathering and analysis takes up the better part of our first quarter and our report is generally published in March, but 2020 is a unique year for the crowdsourced innovation community (and indeed for everyone in the world).
How Machine Learning is Changing Business Communication
Machine learning is not a sci-fi concept anymore. Over the past few years, it has improved business operations in multiple ways. One of the areas that benefit from ML technologies the most is business communications. So, how does machine learning impact your internal and external communications? Let’s find out!
The Pandemic Pivot: The Need for Product, Service and Business Model Innovation
The pandemic and economic depression the world faces is a dark period for all businesses, but there are also opportunities. The companies that see the opportunities, and pivot to exploit them, will succeed, while those that fail to innovate will fade away.
The Three Factors That Drive Consumer Behavior
As the adage goes, the only constant is change, and such is the case with consumer behavior. Thus, tracking trends, using business analytics to predict where the next trend may be, and acting accordingly with your marketing is a recipe for success.
Frugal Banking: An Opportunity to Create Customer Value in the Future?
Investments that are necessary to innovate and serve customers are no longer sustainable while COVID-19 hastens the need to exploit the potential of digital innovations. Serving customers accurately during unprecedented times requires a new mindset and business model innovations. If banks respond to customer requirements in completely new special situations, they can gain trust and integrity and become winners of the crisis.
How has COVID-19 Accelerated Trends in Customer Service?
Since the outbreak of COVID-19, customer behavior has changed dramatically. To survive, businesses need to adapt by accelerating customer service trends that already exist.
Have You Done Your Homework? Aspirations, Blessings and Curses of Working Remotely
One of the most significant ways the COVID pandemic impacted work has been to get much more of it done from home. Subscriptions to extra bandwidth and virtual meeting platforms skyrocketed. People’s imaginations and their capacity to make new things happen and change their work habits accelerated overnight.
Digital Tools and the Future of Remote Work
Until about four months ago, remote work was somewhat of a rarity, and, at very least, something most people were unfamiliar with. One of the few COVID-19 silver linings, however, was that many companies were forced to have their employees work remotely due to stay-at-home orders. This meant more time with families, less time in transit, and, for a lot, a surprising sense of comfort at "the workplace."
What Do Leading Innovators Do Differently
Every year, IdeaScale hosts the global Innovation Management Awards and honors winners in three different categories: engagement, process, and implementation. We see these categories as the cornerstones of any successful innovation program, so the winners this year actually excel at each of these things.
How COVID Impacted 2020’s Innovation Trends
Every year, IdeaScale undertakes a comprehensive audit of our system data, our customer conversations and survey data in order to develop report on the state of crowdsourced innovation.
How Can AI and IoT Help in the Fight Against the COVID-19 Pandemic?
The mix of IoT and AI is being used by tech enthused agencies for curbing the rise of coronavirus cases, and flattening the curve. Read all about it here.
The World has Changed: Is Your Organization Ready?
The COVID-19 epidemic has had a tremendous effect on many aspects of our lives and resulted in a significant change in the workforce, and on the very way that individuals and organizations work. Suddenly, without warning, it seems that the entire business world shifted to Zoom and its competitors in a day, since it offered a concrete solution to the challenges raised by the current crisis.
Preparing a Team For Transition To Remote Work In COVID-19 Environment
In the wake of the coronavirus pandemic, many companies have implemented mandatory work-from-home policies to help contain the spread of COVID-19. While large companies have the resources and experience to foster a massive ‘home office shift’, smaller companies who have never implemented such policies before are facing numerous questions regarding this new work arrangement.
The Key Steps Innovation Professionals Should Take in a COVID-19 Environment
Obviously COVID-19 is having an enormous impact on all aspects of our lives, with the scope and scale of business disruption being immense and incredibly challenging. But disruption is what innovation people are generally excellent at responding to, so the question becomes - “how do you and your team support your organisations within this environment?”
The Day After the COVID-19
We are in the midst of a fascinating period. The most interesting thing is what will be in the day after. It’s going to be a process. There isn’t going to be a point in which we know that we are “after.” The process looks different in every country and the duration of the process will also be different.
How Remote Working Jumped the Queue in the Future of Work
The COVID-19 situation isn’t just affecting the way businesses work, it’s shaping discussions about how they will in future, too. Recent global events have affected businesses in unimaginable ways, testing them in a manner not seen in several generations. However, present circumstances have also fast-forwarded several conversations surrounding the future of work.
Coronavirus Crisis Only Heightens the Need for Innovation and Co-Creation
Those of us that work in the innovation management sector need no convincing of the benefits that it can bring to businesses and government departments all over the world. Adopting an innovative culture and approach allows an organisation to survive and thrive in the highly competitive modern business world and helps prevent them from becoming irrelevant or even obsolete.
8 Tips for Startup Entrepreneurs During COVID-19 Crisis
The coronavirus pandemic is turning out to be an international economic crisis, with ramifications for all industries and markets, similar to the crisis of 2008. A cross-border economic crisis affects companies large and small, challenging an organization's management and its employees.
The Opportunity has Never Been This Big for Reinsurers to Invest in Innovation and Startups
In recent years, reinsurance companies have been closely working with startups. Among such joint endeavours, one can count the scouting for new technologies in order to integrate them with clients (insurance companies) and commercial business relationships with startups to which they have provided reinsurance in cases of events related to the policy coverage.
Open Source Respirator and Low Cost Ventilator Efforts to Fight Coronavirus (COVID-19)
Calling all doctors, nurses, designers, engineers and designers: join one of the amazing Open Source Ventilator Projects to contribute your passion, creativity, time and expertise to help develop low-cost ventilators to fight the Coronavirus (COVID-19).
Open Innovation Helps in the Fight Against COVID-19
The Coronavirus is having an equal impact on companies, giant conglomerates, and startups. Companies are dealing with the crisis in various ways - let's look at how in this article.
Digital Twins: A Smarter Way of Commerce
Digital twins, a new means of representing products in commerce, enable merchants to craft powerful experiences and connect easily to new sales channels.
Recent Innovations in Translation and Localization
In this article, we'll have a look at translation and localization industry trends. We'll learn the difference between the two, how they help companies connect with customers globally, and trends in both areas.
Why Digitalization Doesn’t Change the Way Companies Innovate
Will digitalization fundamentally change the way companies innovate? Our answer is no. While digital technologies hold enormous innovation potential, they belong to the sphere of “solutions” and are means to a higher purpose.
2020/1920 in Hindsight: Will 2020 Mark the Beginning of a New Era of Roaring Twenties?
There is no doubt that history is one of our greatest teachers, and the big question at this stage is whether history will, in fact, repeat itself. We'll compare workforce trends from the 1920s to the 2020s in this article.