Your Future Lies in Occupying the Innovation Job and Using the Skills it Provides

July 11, 2019Posted inAchieving innovation engagement, innovation execution delivery, Molecules, Shifting dynamics in innovation, Tackling innovation
Source: World Economic Forum, Future of Jobs Report 2018. for future skills

We all need to begin to grapple with what is redefining work in knowledge, skills, our experience, and our necessary abilities to be viable and useful

We continue to hear and begin to see the effects of the Fourth Industrial Revolution. It continues to impact skills, tasks, and jobs.

The implications are a growing concern that both job displacement and talent shortages will impact business dynamism and societal cohesion. It is the pervasive power of technology integration that will change the business models of all industries.

Yet we are recognizing it will also giving rise to a number of emerging jobs yet to be identified or formulized to be trained in. A proactive and strategic effort is needed but based on what? We need to manage reskilling and upskilling to mitigate against both job losses and talent shortages but prepared the future workforce to be more nimble, agile and fluid. Here is where innovators are going to be well-positioned.

Working within the innovation space will be one of the best launching pads for being more comfortable for the future of work. Let me explain why

Recognizing it is all about Value Creation

May 19, 2019Posted inAchieving innovation engagement, Advancing innovation, Molecules, Shifting dynamics in innovation, Tackling innovation

I am reading a lot about the concept of value creation recently, it answers everything but tells us so often nothing about how it is made up or it is truly present. It seems to have that same ‘heady vaulted position’ as innovation in that we all talk far more about the ‘promise’ of it, we want it but still are not prepared to put the real effort into it to make it happen.

So let me try and explain my thoughts on value creation. So what is behind value creation? What drives it? What will tell us this is an organization where value creation seems to well invest in, nurtured, built and protected?

So what is value creation?

Value creation is highly dynamic, it is going on all the time and can increase, decrease or transform, in different ways, when you exploit your different capitals that will be in constant change and adjusting to reflect your organization’s business activities and eventual outputs. This is when you can begin to see the value created by the use of deploying all the capitals to build new growth and what I call “stock” that along with “flow”. I loved this explaination of the two.

Nesta’s Landscape of Innovation Approaches

April 26, 2019Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, Molecules, Shifting dynamics in innovation

You sometimes need to kick yourself. Well in my case that seems to be increasing by the day. I have to confess I have drifted in and out of checking on Nesta, based in the UK. Different reasons, different focus areas partly although innovation keeps us together, well me checking in on them, I’m not so sure it is the same their end.

Nesta is an innovation foundation. They state: “For us, innovation means turning bold ideas into reality. It also means changing lives for the better. This is what keeps us awake at night and gets us out of bed in the morning” They work in areas where there are big challenges facing society, from the frontiers of personalized healthcare to stretched public services and a fast-changing jobs market. They cover a lot of ground and provide some very sound advice along the way.

One of their team, Bas Leurs, who is their head of learning experience design, has been working on “A Landscape of Innovation Approaches“. I read version one in February 2018 and did not pick up on version 2, published as a blog in December 2018. Hence, why I kicked myself.

So CX + DX needs IX for the transformations we need

April 10, 2019Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, Molecules, Shifting dynamics in innovation

 

 

 

 

 

We are on the brink of a transformation, a global one that connects us into information, knowledge, and insights in ever-powerful ways. thanks to the digital internet. We are also exploring the use of Artifical Intelligence (AI) more than ever.

BCG suggests that nine out of ten companies in their recent survey for the report “The Most Innovative Companies 2019” are investing in AI. BCG also suggests that 30% of those surveyed believe AI will have the greatest impact of any innovation area on their industry over the next three to five years.

We are also seeing the emergence of platforms and ecosystems radically changing how we collaborate and invent, design, solve issues from a changing shift in cooperation understanding. Platforms are fueling new business initiatives as they learn to engage across the whole value chain spectrum, from customer to delivering back the needs of that customer.

It is our technology being applied through new approaches that are galvanizing the new potential within innovation.

As we learn to orchestrate the underlying technologies, learn to build helpful applications, establish these software platforms this is beginning to become attractive as a new place for integrating, exchanging and collaborating. There is the talk of “the network effect” (Metcalfe’s Law) whereas more participants engage on platforms or in ecosystems and exchange, the more the value goes up and the community participating gets increasingly more out of the value of the “combined” thinking, data and insights. It has huge potential to generate new levels of innovation, ones that are more connected, more seamless and more what the customer wants.

So we come to CX + DX, it needs IX

Finally a framework to manage holistically Industrial Revolution 4.0

April 3, 2019Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, Leading innovation, Molecules, Shifting dynamics in innovation1 Comment

Introducing the Smart Industry Readiness Index Prioritization Matrix

I was really pleased to watch the official launch of the Smart Industry Readiness Index (SIRI) with its addition of the Prioritization Matrix at Hannover Messe on Monday 1st April 2019.

This will become a very useful and relevant management planning tool to help manufacturers worldwide to determine and prioritize their necessary areas of focus with all the digital initiatives, based on an Industry 4.0 Maturity and their current performance.

This tool or readiness prioritization index has a real potential to finally bring organizational wide awareness and common language identification. It can help implementation in a number of significant ways.

This has been pioneered by The Singapore Economic Development Board (EDB), a very formidable Government entity within the development of Singapore over the years, and in consultation and growing support, from McKinsey & Co, SAP, Siemens, and TüV SüD.

The framework is a very systematic and I feel, a robust way, to focus on what matters to you in your own Industrial Revolution 4.0 journey (IR4). So often organizations do not have a clear vision, strategy or can develop a systematic roadmap for this form of transformation. It becomes overwhelming and a real challenge of where to start. Often the more you read, seek advice, the more you get confused.

We Require A Shift of Innovation Management Solution Providers

March 23, 2019Posted inAchieving innovation engagement, Advancing innovation, Molecules, Shifting dynamics in innovation1 Comment

There is still a real reluctance that the supplier of innovation software solutions has to change. They have had a model of a constant growth success for years, yet it is getting harder, as the market is fragmenting and looking for greater flexibility within the range of solutions on offer.

I think with the recognition that innovation occurs across the whole organization the innovation management (IM) providers have to radically alter their business model or recognize they need to broaden out their target market inside organizations.

Innovation is occurring in all corners of the organization today. Secondly, if open innovation has gone way beyond a one to many relationships into a many-to-many then does the reliance on single entity software provision makes sense, focusing on single point of entry into companies? No, we have to think total enterprise software for our innovation management solutions.

Far too much IM solution providers think their models, components, upgrades and yearly showcase upgrades, as the big event. No question any “staged” release is welcomed by clients as they either have been asking for it for long enough, or have been finding their own ways of completing “workarounds” to overcome gaps, then updates are always welcome, as long as they are relevant, not just cosmetic changes. So often client solutions and their needs have considerable lag.

Building the Single Innovation Digital Platform Environment

January 9, 2019Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, Molecules, Shifting dynamics in innovation1 Comment
Aras PLM Platform Image courtesy of Aras

Throughout the past couple of years, I have been constantly arguing about the need to put innovation management on a digital platform.

These have come in different thoughts on digital platforms, ready for cross-industry and having in place, a rapid digital innovation process that scales and evolves on new technology and insights.

We need a radical design, universal in design and approach.

What if you could manage your innovation in the ways shown in this diagram?

This is the way PLM innovation platforms are progressing and currently being assessed by CIMdata in a PLM Innovation Assessment Scorecard shown further below. Link to the position paper

The argument about what any innovation management system provides goes on and on and still, we seem not to be at the universal acceptance point that an innovation management process is critical and needs a better system of management.

What we should finally accept, a platform connects all users, both internally and externally in their ability to share their knowledge and information in exchanges, in one environment to cultivate collaborations and continuous collaborative creativity. The more we design and need to deliver smart, connected and innovative products the more we have this innovation platform need.

The majority of the present software providers fail to grasp this.

Entering 2019 – What Do Each of Us Need to Focus Upon?

December 27, 2018Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, Innovation strategy, Molecules, Shifting dynamics in innovation

As we enter 2019 I always like to take a day or so, to reflect and think about what I should be focusing upon in the next year, around innovation. What has influenced me in 2018 and what I feel is shaping my thinking going into 2019?

I can honestly say, it never fully works out as the year progresses, there are distractions, subjects that attract my eye, hold my attention or simply ones become bigger in my wish to pursue as important to understand or become more focused upon.

Innovation is constantly shifting in customer needs and issues to absorb, relate too, build into our thinking, in a world where many within the business community are “time-starved, often knowledge poor” I look to help them on different innovation insights.

What about you? Here are my thoughts coming from 2018 that are leading me into 2019

Firstly in the year just closing I have been taking a look back at what I wrote about in 2018.Digital and innovation dominate.

On this site paul4innovating, I wrote 34 posts, a drop on past years, but increasingly with the shift into the constant integrating of digital into all things innovation, continuing as the emerging trend and theme, I seemed to spend the most time upon. On my other main site focusing specifically on ecosystems and platform related work, I wrote 25 posts.

Also in this year I began to put some fresh  life on two new posting sites, one focusing specifically on coaching and mentoring “guide4innovating” and the other “connecting digital and innovation” looking more at the critical part of digital and innovation that is forming most of my posting and researching work in recent months to break it out. My one other continues a very tortuous journey of building the dynamics when linked, become the connecting points in building innovation in the needed capacity, capability, and competence, that I term the pursuit of “innovation fitness dynamics“

Why do I run so many posting sites?

The Need for Digital Innovation Platforms

December 12, 2018Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, Innovation strategy, Molecules, Shifting dynamics in innovation1 Comment

I want to offer some thoughts that need us all involved in innovation to think about as we finish out 2018.

If you are frustrated with your current innovation process then read on. If you are not, then simply “click away” and certainly my best wishes by ignoring a very changing innovation world that we are all undergoing.

The reality is we are all moving towards becoming “Digital Enterprises”. Digital transformation is deepening into an enterprise-wide movement. and is modernizing how companies work.

As these Digital Enterprises effectively adapt and grow in an evolving digital economy, then it is clear that innovation certainly needs to be part of this but is it digitally ready? I think not. Much of the current innovation process you are currently working with is a Dinosaur, it should have disappeared long ago. Can we manage innovation the way many still are?

Innovation, in my view and many others, is rapidly becoming even more complex. Risks are actually rising not falling. Products continue not to meet customer needs in multiple ways. Without the “connected digital difference,” products are remaining limited in their appeal. Innovation is struggling to really perform and unleash breakthrough products due to many ‘inbuilt’ inhibitors. We need a radical redesign of the innovation process and that is becoming full connected up and have a distinct digital thread running through it. We need to think about complete digital innovation solutions in the future.

The problem of scaling can confuse those innovating.

December 3, 2018Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Molecules, Shifting dynamics in innovation, Tackling innovation1 Comment

The problem of scaling can confuse those innovating, can this be changed?

I have often been returning to scaling, struggling with finding the best answers. Many organizations struggle with scaling. This can be scaling their organization, their capabilities or more often, taking an idea into a fully scaled delivery.

Maybe I have been looking at it all wrong?

The complexities of scaling can’t be lightly dismissed. You need very often, size to scale. This could be in a new plant, in where production should be situated, so it can be allowed to scale at a later date, in resources able to achieve scale or more importantly you scale according to the type of goods or demand so they can be readily available, closer to the market they are needed.

When you work in a global organization, scale takes on even greater set of dimensions, one that needs coordinating and managing.

So I was thinking through some points on scaling a little differently. They are partly ‘open questions’ or some thinking out loud. You can say they are “half-baked”, perhaps in more than one way!