Why Innovation Ecosystems?

October 23, 2022Posted inBusiness Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Value Creation Dynamics, Value Designing
Reaching out for a new design built on collaborative building blocks of design

Following on from a series of posts on innovation ecosystems, especially a recent one, “Seeing innovation differently through ecosystem thinking and design” I outlined a need for a profound shift in the business landscape; well in my view, that time is rapidly approaching.

Why do we need to make a really necessary change?

Our present economic models, certainly in the West are so heavily debt-laden, from the effects of over-spending, supporting the Ukrainian war, and the Corvid crisis, and rightly supporting those in economic need and business difficulties.

One of the problems in economic distribution is that applying this in a top-down way is it can often not determine those in need from those who simply gain or are unable to deliver to those the adequate or appropriate support they require.

Our models of economic distribution are simply outdated or built on self-interest or self-promotion or simply enabling preservation for individual benefit and not for the ‘greater’ community.

The next few years are going to be very painful in further adjustments and polarization.

Our politicians continue the hackneyed phrase or idea, said or used so often that it has become boring and has no meaning, of the need for growth and prosperity.

I cannot see this way forward if we remain “locked” in the existing systems of self-interest, benefits being given to selected groups as rewards for support or simply to maintain the status quo.

The necessary Plumbing, Pipework and Pumps for the Industrial Metaverse

September 30, 2022Posted inBusiness Ecosystems, Industrial Ecosystems, Metaverse, Platforms, Value Creation Dynamics
The stages of building out the Industrial Metaverse
The stages of building out the Industrial Metaverse taking a three-horizon approach

I had the pleasure of attending the Nvidia GTC22 event recently. Over four days, they did a good job of scrambling my brain. Take a look at some of the sessions that apply to you- amazing stuff.

I focused on the Industrial Metaverse and where it is going. It is only at the beginning of its journey, but the feast of predictions, future forecasting and bold, clear visions on this was impressive.

Jensen Huang, the NVIDIA CEO gave the keynote where he took us into that opening understanding and a closer look at the game-changing technologies that are helping us take on the world’s greatest challenges. I really had to break this nearly two-hour keynote into “bite-sized” segments to absorb all the releases, updates and the speed of development that NVIDIA are undertaking.

Rev Lebaredian, VP within the Omniverse group, gave us a clear view of how and where the Industrial Metaverse can head. NVIDIA Omniverse is the platform for future building.

The Omniverse platform is for creating and operating metaverse applications.

Seeing innovation differently through ecosystem thinking and design

September 23, 2022Posted inBusiness Ecosystems, Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Platforms, Value Creation Dynamics, Value Designing1 Comment
Thinking of innovation as an innovation ecosystem in design

We need to re-think innovation and provide a new level of innovation integration and optimization.

What we see increasingly is the need to change to a different thinking, one of what “innovation ecosystems.” can provide.

In designing these innovation ecosystems, we might have the potential answer to overcoming and giving innovation that chance to be more central to the core of the business. It might offer us the ability to connect much of the rich internal knowledge with that outside one, that other organizations and individuals can provide, in diversity, or thought or contribution.

I envisage an ecosystem of working upon like-minded goals and ambitions, by collaborating for delivering a new form of innovation value. Collaborating in ecosystem thinking and design I would suggest opens up significant potential and combinations, that provide added value and significant opportunity for improvement on the existing offerings.

Approaching innovation on a common, shared technology platform can significantly enhance the discovery, experimentation, exploring and exploiting diverse skills and expertise through to commercialization.

Governance within Ecosystems

September 12, 2022Posted inBusiness Ecosystems, Ecosystems, Energy Networks, Sustainability, Value Creation Dynamics
Governance within Ecosystem Design

Managing Governance within Ecosystem Designs

Governance needs to constantly “account” for change. Here is a handy reference or reflection of its capacity to deliver:

You need a living environment, one that evolves constantly

+ Here, you must establish a relational, institutional and coordination set of strategic and operational approaches. The “living” document needs to reflect on the constant reshaping of the ecosystem as it evolves and recognize that this is a constantly evolving design.

+ Governance needs to articulate the influencing and coordinating mechanisms, their different levels, and the protocols and procedures to resolve any disputes or pathway directions all would need to follow and adhere to.

+ It needs to determine the boundary conditions and if and when these change, which they are most likely to, there is a mechanism in place to recognize this and determine any new scope, direction or design to be accepted going forward.

+ A governance document must have built into it sufficient commonality and be transparent in its spirit of amiability to coordination and decision-making.

+ It needs to determine the critical driving forces but equally reflect on the different catalyzing forces in tensions and design that individual members will attempt to impose, so there needs a resolution method to be able to go back and refer to.

The difficulties of adoption for the business platform

August 24, 2022Posted inBusiness Ecosystems, Customer Seamless Experiences, Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network Effects, Platforms, Value Creation Dynamics

The adoption process

I want to relate adoption back to business platforms and anchor it in the process.

Today business platform adoption is a struggle. It needs a clear revisiting of the theory of diffusion and adoption to extract the relevant points of necessary practice.

What is vitally needed is the recognition that deciding on adopting a business platform approach has five stages or decision points to go through.

So often, platform providers automatically go to the assumption that their platform will be adopted. It simply will not without working through and gaining confirmation the five stages of adoption are clarified.

Exploring points of value in adopting Business Platforms.

August 17, 2022Posted inBusiness Ecosystems, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Network Effects, Platforms, Sustainability, Value Creation Dynamics, Value Designing2 Comments

Business Platforms provide the backbone of the Network.

Today we are still caught up in the validation and relevance of managing a business through platform thinking by making the business case of its value and impact. We should not be; it is time for you to hop onto the train.

The ability to present a compelling business case for the use and application of platforms is overwhelming. I think I have well over 100 plus arguments for their use, value, impact and application.

For me, platforms are needed as we face a very different economic landscape.

We need to choose where to focus in the future, where to concentrate our resources and attempt to bridge the fragmentation that is occurring. The world of collaboration, where we can find partners to share and reinforce what we do, is leading to new dynamics of combining.

Platforms are more viable and relevant.

Platforms allow you the opportunity to innovate in very different ways. They can add value through collaborations that can add more to the internal efficiency options through learning and sharing. Platforms help manage the difficulties of transitions we are all undergoing and change how we see the world through a broader collaborative set of lenses.