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Author: Stephanie Creech

10 Jun

What Does a Healthy Innovation Portfolio Look Like?

by Stephanie Creech
in Collaboration Software, Enterprise Innovation, Idea Management Software, Innovation, Innovation Software, Innovation Strategy Services, Open Innovation, Types of Innovation
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[vc_row][vc_column][vc_column_text css=""] How can organizations ensure they’re investing in the right mix of innovation projects? The answer lies in building a healthy innovation portfolio. A well-structured innovation portfolio helps organizations balance risk and reward, align innovation efforts with strategic goals, and maximize the impact of their investments. By understanding what a healthy innovation portfolio looks like and how to manage it effectively businesses can drive sustainable growth, stay ahead of competitors, and future-proof their operations. With today’s relentless pace of change, fierce global competition, and ever-rising market expectations, the ability to innovate is no longer a luxury—it’s a necessity for year-to-year viability. Management knows it, and so does Wall Street: organizations that fail to continually innovate risk falling behind or becoming obsolete. Building and maintaining a healthy innovation portfolio gives companies the agility and resilience needed to thrive, ensuring that today’s investments set the stage for tomorrow’s success.[/vc_column_text][vc_empty_space][vc_column_text] What Is an Innovation Portfolio? [/vc_column_text][vc_empty_space][vc_column_text] An innovation...

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13 May

What is a Hackathon and Why They Matter

by Stephanie Creech
in Collaboration Software, Idea Management Software, Innovation Software, Innovation Solutions, Open Innovation, Technology Challenge, Types of Innovation
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[vc_row][vc_column][vc_column_text] Hackathons Explained [/vc_column_text][vc_column_text] What is a Hackathon? [/vc_column_text][vc_empty_space height="10px"][qodef_blockquote text="A hackathon is an event, typically lasting a short period of time, where people come together to collaborate in order to quickly solve a problem or identify new opportunities." title_tag="h3"][vc_empty_space height="20px"][vc_column_text css=".vc_custom_1753159569291{padding-top: 30px !important;}"] The Role of Workshops and Training Sessions at Hackathons But what about all those workshops and training sessions you keep hearing about—are they really necessary? Absolutely. These bite-sized learning opportunities are where hackathon magic often starts to brew. Organizers know that not everyone walks in as a code-slinging prodigy or design whiz, so they stack the agenda with hands-on sessions designed to elevate everyone’s game, fast. Expect lively workshops on everything from Python basics and React tricks, to design thinking and agile project sprints. You’ll also find expert demos—think a crash course in Slack integrations or a Firebase walk-through—that help teams get comfortable with new tools on the spot. Don’t forget the practical tips...

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innovation solutions
09 May

What Are Innovation Solutions?

by Stephanie Creech
in Innovation, Innovation Challenge, Innovation Software, Innovation Solutions, Intellectual Property, Open Innovation, Technology, Technology Challenge, Technology Scouting
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Innovation can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market. More often, innovation solutions use technology to support and dispatch new services...

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14 Apr

AI-Powered Aviation Safety

by Stephanie Creech
in Defense & Aerospace Industry, Innovation, Research Services, Technology Challenge
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[vc_row][vc_column][vc_column_text] Predicting Disaster: How AI Can Prevent Aviation Tragedies Before They Happen [/vc_column_text][vc_empty_space height="22px"][vc_column_text]The aviation industry has recently faced a troubling surge in helicopter and airplane accidents, shaking confidence and reminding executives that even small oversights can lead to catastrophic outcomes. In aviation, safety isn't merely a priority; it's the very foundation upon which trust and reputations are built.[/vc_column_text][vc_empty_space height="22px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Why Current Maintenance Practices Aren’t Enough [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Traditional aviation maintenance methods, reliant on routine inspections and reactive repairs, often detect problems only after they've occurred. Recent tragedies clearly demonstrate this approach's limitations—highlighting the need for proactive, predictive solutions. Reactive maintenance is costly, inefficient, and, most importantly, risky. The aviation sector must pivot to a proactive stance that anticipates rather than responds.[/vc_column_text][vc_empty_space height="22px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] AI-Driven Predictive Maintenance: Leveraging AI for Safety [/vc_column_text][vc_empty_space height="22px"][vc_column_text]AI-driven predictive maintenance technologies are revolutionizing aviation safety by identifying potential equipment failures well before they become critical. This technology utilizes real-time sensor data, sophisticated algorithms,...

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08 Jan

What is Business Model Innovation?

by Stephanie Creech
in Innovation, Innovation Software, Innovation Solutions, Innovation Strategy Services, Open Innovation, Technology, Types of Innovation
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[vc_row][vc_column][vc_column_text css=""] What Is the Freemium Model and Why Does It Work? Freemium—a blend of “free” and “premium”—is a strategy where companies offer a basic version of their product at no cost to users, reserving advanced features or capabilities for those willing to pay. This approach is especially powerful in competitive industries like software and digital services, where high-quality products, strong gross margins, and expensive customer acquisition are the norm. The benefits of freemium include: Lowered Barriers to Entry: Because users can try out the base product risk-free, conversion rates often increase as people experience real value firsthand. Efficient Customer Acquisition: Freemium can significantly reduce marketing spend since happy users often become organic advocates, spreading the word and helping fuel adoption. Rapid Scaling: By attracting a wide pool of free users, companies have a larger potential customer base to convert into paid subscribers over time. Some of the most recognized examples of freemium in action...

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23 Dec

What is Digital Innovation?

by Stephanie Creech
in Technology, Types of Innovation
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[vc_row][vc_column][vc_column_text]Digital innovation is more than just an industry buzzword- it's a powerful process changing entire industries. From the farms that feed us to the technologies that protect us, digital transformation is enhancing competitive advantage and adaptability across critical sectors.[/vc_column_text][vc_empty_space height="30px"][vc_column_text] Define Digital Innovation [/vc_column_text][vc_empty_space height="10px"][qodef_blockquote text="Digital innovation is the application of advanced digital technologies and methodologies to redefine products, services, and processes. It focuses on AI, IoT, and cloud platforms to transform businesses, enhance customer experiences, and deliver measurable value." title_tag="h3" width="75%"][vc_empty_space height="10px"][vc_column_text]This transformation isn’t limited to just upgrading infrastructure—it’s about using digital tools to create entirely new ways of delivering value. For example, companies are now enhancing existing products and services by integrating mobile applications, developing personalized offerings, and exploring innovative business models that didn’t exist a decade ago. Consider how digital innovation enables: Mobile-Driven Services: Organizations launch apps that let customers access services on-the-go, streamlining everything from insurance quotes to food...

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11 Dec

What is Technology Innovation?

by Stephanie Creech
in Innovation, Innovation Software, Technology, Types of Innovation
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[vc_row][vc_column][vc_column_text]Technology innovation is creating, enhancing, and applying novel tools, systems, processes, and technologies that drive transformative advancements across various industries. This dynamic process involves leveraging expertise, research, and resources to develop groundbreaking solutions that address challenges, optimize efficiencies, and generate value. From incremental improvements to disruptive breakthroughs, technology innovation is a catalyst for progress and competitiveness. At its core, technology innovation bridges creativity with functionality. It is not limited to inventing new devices or software; it also includes rethinking existing technologies and adapting them to solve emerging problems. This makes it a cornerstone of sustainable growth and a key driver of societal, economic, and industrial evolution.[/vc_column_text][vc_empty_space height="10px"][/vc_column][/vc_row][vc_row][vc_column][qodef_separator position="center" color="#dddddd" width="100%" thickness="2 px"][vc_empty_space height="10px"][vc_column_text] Why Technology Innovation Matters [/vc_column_text][vc_empty_space height="5px"][vc_column_text] Solving Complex Problems Technology innovation enables organizations to tackle pressing challenges, whether improving healthcare access, reducing environmental impact, or enhancing global connectivity. It turns abstract ideas into practical solutions that create tangible benefits for businesses and...

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05 Dec

From Concept to Reality: Mastering the Innovation Lifecycle with Ezassi

by Stephanie Creech
in Innovation, Innovation Challenge, Innovation Software, Innovation Solutions, Open Innovation
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[vc_row][vc_column][vc_column_text]Bringing a groundbreaking idea to life is an exhilarating journey, but it’s also one that requires strategic execution. Whether you’re a startup founder, R&D leader, or innovation manager, the transition from concept to market-ready solution involves navigating a series of interconnected stages. At Ezassi, we specialize in helping organizations streamline the idea-to-implementation process with our suite of Innovation Management Products and Services. Let’s explore how our offerings can elevate your innovation journey and bring your vision to life.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] The Power of Innovation Management [/vc_column_text][vc_empty_space height="5px"][vc_column_text]Successful innovation doesn’t stop at ideation—it thrives on meticulous planning, execution, and adaptation. Without a structured approach, even the most brilliant ideas risk stalling. Ezassi’s Idea Management Software, Technology Discovery Software, and Pipeline Management Software help organizations manage every phase of innovation, ensuring ideas are not only generated but also refined, implemented, and optimized for long-term success.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Understanding the Idea-to-Implementation Process [/vc_column_text][vc_empty_space height="5px"][vc_column_text] 1. Generating and Refining Ideas Innovation begins with ideation....

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29 Oct

What is Open Innovation? Definition, Types, Model, and Best Practices

by Stephanie Creech
in Innovation Software, Intellectual Property, Open Innovation, Types of Innovation
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[vc_row][vc_column][vc_column_text]Table of Contents What is Open Innovation? Types of Open Innovation Models Examples of Open Innovation Top 10 Best Practices for Open Innovation [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="20px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Open innovation is a forward-thinking strategy that emphasizes collaboration and external input to drive innovation. By combining internal efforts with ideas, technologies, and expertise from outside sources, organizations can accelerate growth, develop cutting-edge solutions, and address complex challenges. Open innovation breaks down traditional boundaries, embracing collective intelligence to create value faster and more efficiently. Unlike closed innovation, which focuses solely on internal R&D, open innovation actively encourages partnerships and knowledge sharing, accelerating innovation cycles by leveraging external expertise and resources. Open Innovation Model: Key Features The open innovation model brings together several core principles, distinguishing it from conventional innovation practices: Collaboration: Open innovation thrives on partnerships with customers, suppliers, startups, universities, and even competitors. By working with external stakeholders, companies can benefit from broader expertise and diverse perspectives. Collaborative Innovation...

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