Technology is transforming every industry across the globe, and its effectively driving the business world forward as a whole. At the center of all of this is, of course, the bottom line, or the consumers, and how they benefit from the integration of tech solutions into the processes of their favorite brands.
About ten years ago, four out of ten people in the world had a Nokia cell phone. We can only imagine how the CEO of Nokia ten years ago would have reacted if someone told him that in 2018 not one of us would have a Nokia.
In an analysis of high performance innovators (called in this article the “Global Innovation 1000”), researchers made a surprising discovery: “spending more money does not open the doors to innovation.”
Technology is continuously transforming the way people live on a daily basis. The rapid rate at which technology advances makes it one of the most unique influences on our society. From business operations to home-living, technology has found its way into every nook and cranny of human life.
More people are living in cities than ever before. More people are living closer together and changing weather and climate trends carry more threats to citizens. As cities become more digital, it is becoming easier to understand and predict the trends that are affecting the lives of the population.
Technology is a double-edged sword. On the brighter side, we have ever-changing and improving features because of the rapid evolution of technology. On the other hand, this very pace of technology and the rate at which it is getting updated can cause both developers and users to be left out and outdated if they do not keep up.
The customer is always right. The timeless aphorism holds truer now than it ever did before, as the customer truly drives the ever-changing trends and shapes the industry, with companies battling each other to stay relevant in the hearts and minds of their devoted audience.
When the Commission for Environmental Cooperation launched a challenge to the youth of North America, they received hundreds of unique, green business proposals. The young entrepreneurs competed for seed funding and came up with some truly disruptive ideas.
In the context of business management and economics, innovation has mainly been considered as a source of profit and growth. But innovation can also have a transformative role and recently more and more innovators and entrepreneurs are not only considering the financial returns of their projects, but also the societal impacts that they might bring with them.
It's that time of year, following the holiday excess many of our waistlines are looking a little fuller and our email inboxes are full of newsletters, including 2018 predictions and the key trends to consider.
Anyone who is managing their innovation program with innovation software is generally amassing a wealth of data. Many people are looking at that data on an individual idea-level, but it’s actually possible to start looking at that data and identifying new themes, trends, or topics that will inform your strategy in the coming years by grouping that information on tags, text analysis, and more. It can be a trend early-warning system if you pay attention to it.
All over the world, members of most national trade associations, no longer wish to pay heavy dues just to wait a year to spend few days in an annual convention, receive quarterly newsletters and some educational webinars. They find all these too slow and very boring.
Here’s a spoiler: 90% of all startups fail. The 10% that make it have one thing in common - they all are bringing in innovation through sustainability. These startups are all about evolving by providing faster results with less wastage. It’s a never ending process of innovating for the present and future generations.
Fintech has been one of the most talked-about topics in technological innovation lately, paving the way for revolutions in the financial sphere. The Bank of England announced last year that they would be looking to boost fintech development, indicating keen interest from financial giants. In this article, we’ll look at a few of the many recent innovative developments in fintech.