Value Creation Dynamics - Building Your Innovation Intelligence

Technology is the critical enabler of Ecosystems.

I have been spending time arguing for and validating why and how ecosystems in business and applying innovation in their design and thinking are the growing future mechanism for managing new growth, delivering impact and value within Business, and for the final consumer of the goods and services.

The potential within deploying ecosystem thinking can be derived from this highly collaborative approach in finding new ways to design and deliver different options to the existing offerings, offering a different value creation potential, providing for more compelling solutions and finding different ways of solving often complex problems with this co-creating approach.

Yet, I have realized that I have not given the time or attention to the technology issues associated with the move towards adopting an ecosystem approach. So, this post begins to address this.

I believe technology is a vital enabler for building out thriving ecosystems.

Does our technology understanding in organizations and its application to Ecosystem thinking and design fail to be clearly understood as needing a different, perhaps distinctive, structural approach or system?

Building out capability based on a single organization’s needs is a mistake. Understanding the differences in collaborating, co-creating and exchanging across organizations needs a very different design, security and approach mentality.

Innovating the future by combining humans, technology, and AI

The interplay potential in exploring the combination of humans, technology and AI

This interplay between humans, technology, and AI is dynamic and involves continuous interaction, collaboration, and feedback between these elements. The future of innovation, by combining these, offers a very rich promise to provide a fascinating and different future.

Firstly, this interplay needs some higher-level thinking to put some insights into what this interplay might look like and lead to:

The future interplays between design thinking, technology and AI

Exploring the interplay between Humans, Technology and AI for design thinking

Why is design thinking regarded as so crucial to the future of innovation in a world of accelerating interplays between humans, technology and generative AI?

By embracing Design Thinking principles differently in the future of innovation, organizations can foster a more profound culture of creativity, empathy, collaboration, and user-centricity. This can lead to the development of innovative solutions that address real-world problems while considering the interplays between humans, technology, and generative AI.

Firstly, we have the interconnected global marketplace as our context

The change toward an interconnected and conscious global marketplace has been of significant importance, reshaping business strategies, consumer expectations, and societal values.

Envision Energy in living, evolving communities that challenge conventional wisdom.

I wrote a mini-series of three posts to introduce a radical concept that envisions the energy transition as a living, evolving entity that bridges technology and nature, sparking profound shifts in how communities generate, consume, and perceive energy.

It aims to trigger innovation engagement and activation strategies to change the energy transition dynamics within a community setting, offering decentralized community energy.

It focuses on the community in a decentralized way for its energy. It challenges established norms and prompts a complete reimagining of our relationship with energy and the environment through innovation, creativity and ecosystem thinking and design.

Imagine transforming the energy transition into a holistic ecosystem of interconnected businesses, each contributing unique value to accelerate sustainable energy adoption.

The links to take you to the sites where you can read the proposed solution are at the bottom of this post.

Introducing the Energy Transition Nexus: A Living Energy Organism” that challenges the Conventional Approach to the Energy Transition

Where are the success stories of Ecosystem thinking in the Energy Transition?

A range of success stories showcase the value of ecosystem thinking in different industries relating to the energy transition. These are important to emphasise as they recognize the importance of combining a mix of stakeholders, technologies and organizations in interconnected and interdependent ways.

Ask how we can leverage and use Ecosystem thinking and design to promote innovation within the Energy Transition, as it is a powerful approach to radical change. By fostering collaborations and synergies, you can accelerate the development and adoption of innovative solutions for the energy transition.

Before we look at examples of ecosystem thinking and designs applied, we should consider a step-by-step guide to use and apply ecosystem thinking and design applicable to the energy transition.

Fusing Human and Technology to Enable Innovation Ecosystems to Thrive

“Making something harmonious” often means we have to reconcile differences to balance out the tensions and issues to enable and make them compatible to work.

“Fusing” human engagement with technology enablement involves creating a harmonious integration of human collaboration and technological tools to enable an ecosystem’s successful development and operation. Is that possible?

How do we go about evaluating all the possible needs of customers, as they are mostly our success arbitrators? We must gain insights and refer through multiple information sources- digital data and direct human responses – than ever before; these insights are becoming essential to our businesses.

Calibrating the right way to use technology to create mutual benefit is an increasing theme across businesses, which means we need high levels of interdependence.

Find your Marketplaces; they can be the secret to your success.

The theory goes you identify an Ecosystem of like-minded businesses that share a common need to solve a vexing problem, challenge or concept. Then, one party sets up a platform or gains the agreement of one already available, a neutral platform, to use it. Hence, it has all the technology, governance and structure to enable the group to communicate, exchange and build the (emerging) solution to work and then have the structure for it to (rapidly) scale.

The marketplace, the third part, often gets left to last when those achieving this new solution realize it needs a place for actual exchange, a thriving buyer/seller market.

Today, we have witnessed a rapid expansion of the Marketplace on offer. Marketplaces are increasingly being stretched, and the boundaries of their understanding keep extending. We have moved from simply listing, though, to transactional marketplaces ( travel, delivery), full-stack marketplaces (on-demand services- Uber), Market Maker (for homes, cars, jobs) into eCommerce(fashion, groceries) and Direct-to-Consumer( food, banking, wellness, lifestyle and eyewear)

By participating at an Ecosystem level, you are putting clear skin in the game; the platform provider tends to drive the roadmap, provide the governance and often play the lead role. There are so many “neutral” platform providers that much of the technology and engineering solutions can be resolved by using established platforms that many of the tensions, when ecosystems are formed, can fall away, allowing those working on a challenge to focus specifically on that and spend their time breaking down the IP and the returns, building the new solution.

Yet it is the role of the Marketplace that determines increasingly the success. Just reflect on some of the most prominent marketplaces. You have Amazon, Alibaba, Airbnb, Salesforce, Booking, eBay, LinkedIn, etc.

Ecosystems for innovating for a sustainable future, back to basics

Sometimes, we need to go back to our original roots of thinking to remind ourselves and sometimes refresh the areas of focus we need to emphasise. Today, I focus increasingly on how innovation and ecosystem thinking and design need to combine in the Energy Transition.

I believe Ecosystems in design and thinking must form the future path to travel for innovation, collaborations, invention and growing cooperation. We need to think through more demanding challenges today that are highly complex and to do this with a higher degree of success in valuable outcomes. We need to open our thinking and minds and share knowledge to learn from each other.

A fundamental question to ask: “What do I need to consider for entering into an innovation ecosystem design?”

Visiting the dark side of the innovation moon.

I wrote a post in June 2012 on thinking about the dark side of the innovation moon. As India quite rightly celebrates its first landing in lunar exploration, near the south pole of the moon, the dark side, it prompted me to look back at this post and decide to republish this again here.

Have you ever wondered what is on the other side of the moon when you look up towards it? Do we need to look beyond our horizons in our daily lives? Should we question beyond our existing horizons in how we innovate, explore, and push ourselves into the unknown?

What about the other side, the darker, unknown side of the moon? Are you ever curious about what lies behind what we can see? I certainly am.

Innovation is perhaps like the moon. We only see a part of it wherever we stand; we appreciate that part and value what we see and work within. It is even better if we can repeat it again and again. It can even offer something reassuring and comfortable; we grow comfortable within our known borders of innovation activity.

Innovation is essential to unlock all parts of the energy transition.

Innovation has the power to unlock the Energy Transition. Innovation thinking and design are needed everywhere within the energy system. Technological and systemic innovation is incredibly important to the end-user sectors of transport, industry, and buildings, as well as replacing and upgrading much of the overall system design and operation of delivering energy to power our economies.

Innovation needs to be everywhere in transforming our existing energy systems. Each day, there seems to be some level of innovation development or fresh concepts breaking through, challenging the accepted or pushing the thinking in imaginative new ways.

Innovation has a central role to play in the energy system.

We need to keep pushing for discoveries, experimentation, and demonstrating. We must nurture innovation and continuously look for ways to facilitate its pathway. Innovation comprises many enabling technologies; it needs to be built in a highly systematic way. The need is to continually look for re-imagining new market designs and business models to stimulate the changes and solutions for our future energy transformation.