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Innovation Solutions

08 Nov

Innovation Analyst for Technology Research

by Matthew Heim
in Innovation, Innovation Software, Innovation Strategy Services, Open Innovation, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] The Risks of Sole Reliance on LLMs and AI in Technology Discovery: Why Human Expertise is Still Essential [/vc_column_text][vc_empty_space height="22px"][vc_column_text] LLMs and AI tools are inadequate as primary technology discovery tools. A human analyst to validate technology search results, conduct crucial subject matter expert interviews, and evaluate unique ideas from experienced, creative employees and stakeholders through open innovation challenges will prove to be the best approach to a fully developed innovation management strategy. [/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]In today’s world of rapid technological advancements, businesses are constantly racing to identify and adopt breakthrough solutions that can give them a competitive edge. AI-driven tools like large language models (LLMs) have emerged as powerful engines for uncovering information, scouring vast data sets in seconds, and generating insights that would otherwise take weeks to gather. However, as efficient as these tools are, they can create a false sense of security in the New Product Development arena. Successful technology discovery demands...

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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] What is Open Innovation? 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.[/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 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...

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technology market fit
25 Oct

Technology-Market Fit

by Matthew Heim
in Innovation, Innovation Strategy Services, Intellectual Property, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] Revitalizing Dormant IP: Strategies for Monetizing Overlooked Assets [/vc_column_text][vc_empty_space height="10px"][vc_column_text] Get Off Your |IP| Assets and Make some Money! [/vc_column_text][vc_empty_space height="10px"][vc_column_text]New product research is at the core of all manufacturing companies today, but what most don’t realize is that, regardless of industry, they are sitting on up to 50% of their intellectual property assets with no plans for their use.  This often results when a company pursues technologies specific to one product, and that technology is not a fit, causing it to be shelved with no further plans for its use.  In other words, they are missing out on any opportunity for alternative revenue streams for the company.  Many companies will intentionally sit on their IP assets in order to safeguard themselves from others who may try to pursue similar capabilities, keeping them at bay with the potential for a prior-art lawsuit, but most of these underutilized assets are a result of a...

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3D printing impact
16 Oct

How 3D Printing Will Revolutionize Key Industries in the Next 5 Years

by Dave Jones
in Chemicals & Materials, CPG Industry, Defense & Aerospace Industry, Energy Industry, Food and Beverage Industry, Innovation, MedTech & Life Sciences Industry, Technology, Technology Landscape
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[vc_row][vc_column][vc_column_text] The Future of Additive Manufacturing in Consumer Goods, Energy, and New Materials [/vc_column_text][vc_empty_space height="22px"][vc_column_text]In the ever-evolving world of technology, 3D printing is emerging as a game-changer across multiple sectors. From consumer packaged goods (CPG) and life sciences to oil/gas/energy, defense/aerospace, and chemical/materials, the ability to produce complex, customized products quickly and efficiently is transforming industries. As businesses increasingly adopt 3D printing technologies, they are realizing major improvements in sustainability, cost-effectiveness, and accelerated innovation cycles. In the next five years – whether in personalized nutrition in the food and beverage industry, on-demand production in non-food CPG, or efficient energy solutions in oil and gas – the potential applications for 3D printing technologies are nearly limitless. Additionally, the life sciences and defense sectors continue to benefit from rapid prototyping, custom parts production, and advanced medical solutions. This blog will explore how 3D printing is driving innovation and reshaping the future of these industries.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="22px"][vc_column_text] Innovations...

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03 Oct

5 Year Innovation Forecast: Essential Technologies Shaping the Future of Business

by Dave Jones
in CPG Industry, Enterprise Innovation, Food and Beverage Industry, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology Landscape, Technology Scouting
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[vc_row][vc_column width="2/3"][vc_empty_space height="30px"][vc_column_text] Future Technology Assessments for Industry Series [/vc_column_text][vc_column_text] An Analysis of the Technologies Transforming the Business Landscape [/vc_column_text][vc_empty_space height="10px"][vc_column_text]In much the same way that Gutenberg revolutionized knowledge dissemination employing machine efficiency, today’s technological advancements are triggering a new paradigm shift across industries. Just as the printing press transformed communication and made information accessible at unprecedented levels, emerging technologies are reshaping industries like Consumer Packaged Goods (CPG), Aerospace and Defense, Energy, Life Sciences, Chemicals and Materials. [/vc_column_text][/vc_column][vc_column width="1/3"][vc_single_image image="18209" img_size="full"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="10px"][qodef_separator position="center" color="#e2e2e2" width="100%" thickness="2"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="30px"][vc_row_inner][vc_column_inner width="1/4"][vc_single_image image="18109" alignment="right" style="vc_box_shadow_circle"][/vc_column_inner][vc_column_inner width="3/4"][vc_empty_space height="20px"][vc_column_text css=".vc_custom_1727955805851{border-radius: 2px !important;}"]"Understanding which technologies will define the future is not just about predicting trends—it's about positioning your business at the forefront of innovation. As industries evolve, the companies that recognize and adopt these disruptive technologies will not only lead but shape the future of their sectors." - Dr. Dave Jones, Chief Research Officer [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="10px"][qodef_separator position="center" color="#e2e2e2" width="100%" thickness="2"][/vc_column][/vc_row][vc_row][vc_column width="3/4"][vc_empty_space height="20px"][vc_column_text] What Disruptive...

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02 Oct

Innovation in Uncertain Times

by Dave Jones
in Innovation, Innovation Solutions, Open Innovation
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[vc_row][vc_column][vc_column_text] Embracing Disruption: How Companies Can Thrive Amid Economic and Geopolitical Uncertainty [/vc_column_text][vc_empty_space][vc_column_text]In today's global business landscape, uncertainty has become the new normal. Economic fluctuations, geopolitical tensions, and technological disruptions are constant challenges that companies must navigate. The upcoming U.S. presidential election adds another layer of complexity, particularly for businesses with international operations or those relying on global supply chains. While it's natural for organizations to be cautious during such periods, history has shown that times of uncertainty can also be catalysts for groundbreaking innovation.[/vc_column_text][vc_empty_space][vc_column_text] How can businesses justify investing in innovation during challenging economic conditions and global instability?  [/vc_column_text][vc_empty_space][vc_text_separator title="The Case for Continued Innovation" border_width="2"][/vc_column][/vc_row][vc_row][vc_column width="1/4"][vc_empty_space height="52px"][vc_single_image image="18176" img_size="200x200" alignment="center"][/vc_column][vc_column width="3/4"][vc_empty_space][vc_column_text] Competitive Advantage: Companies that continue to innovate during uncertain times often emerge as market leaders when stability returns. By maintaining momentum in research and development, businesses can stay ahead of competitors who may have paused their innovation efforts. Adaptability: External innovation initiatives...

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27 Sep

Invest Year-End Budget in Technology Discovery Reports to Fuel 2025 Innovation

by Dave Jones
in Innovation, Innovation Software, Innovation Solutions, Intellectual Property, Open Innovation, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] Prepare for 2025 Innovations Maximize Your Year-End Budget with Technology Discovery Reports [/vc_column_text][vc_empty_space height="5px"][vc_column_text]As we approach the end of 2024, many organizations are faced with the familiar challenge of allocating remaining budget dollars in a way that provides lasting impact. Ezassi’s Technology Discovery Reports offer the perfect opportunity to invest in your organization’s future by identifying key technologies, trends, and innovations that will shape your business in 2025 and beyond. By leveraging our suite of reports before the year closes, you can set a solid foundation for innovation and ensure your year-end budget is put to strategic use.[/vc_column_text][vc_empty_space height="10px"][/vc_column][/vc_row][vc_row][vc_column][qodef_separator position="center" color="#e2e2e2" width="100%" thickness="2"][vc_empty_space height="10px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Why Technology Discovery Reports Are the Smart Investment for Q4 [/vc_column_text][vc_empty_space height="5px"][vc_column_text]Innovation doesn’t happen overnight—it requires insight, planning, and an understanding of the technological landscape. Ezassi’s Technology Discovery Reports provide that critical knowledge, ensuring your organization is well-positioned to act on emerging trends and breakthroughs. Investing in these reports now gives...

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26 Sep

Invest Year-End Budget in Technology Discovery Reports to Fuel 2025 Innovation

by Matthew Heim
in CPG Industry, Food and Beverage Industry, Innovation, Innovation Challenge, Innovation Strategy Services
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[vc_row][vc_column][vc_column_text] Unlock Innovation Now and Implement in 2025 [/vc_column_text][vc_column_text] Maximize Your Year-End Budget with Challenge-as-a-Service [/vc_column_text][vc_empty_space height="10px"][vc_column_text]As we enter Q4 of 2024, many companies are looking for smart ways to allocate their remaining budget while setting the stage for success in the new year. Ezassi’s Challenge-as-a-Service (CaaS) offers the perfect opportunity to drive innovation and solve pressing business challenges before the year ends. By launching an ideation challenge now, you can gather insights and develop solutions that are ready for implementation in 2025—ensuring that your investment in innovation delivers long-term value and growth.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="10px"][qodef_separator position="center" color="#e2e2e2" width="100%" thickness="2"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="30px"][vc_row_inner][vc_column_inner width="1/4"][vc_single_image image="17607" alignment="right" style="vc_box_shadow_circle"][/vc_column_inner][vc_column_inner width="3/4"][vc_empty_space height="20px"][vc_column_text css=".vc_custom_1727268555103{border-radius: 2px !important;}"]"Launching a new ideation program can be a complex task, but using a Challenge-as-a-Service approach provides a focused, low-risk entry point. It allows companies to test the waters with minimal investment, ensuring they gain both experience and valuable insights before committing to a full-scale rollout." - Dr. Matthew...

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05 Sep

Preparing Your Innovation Budget for 2025: 8 Essential Considerations

by Matthew Heim
in Innovation Challenge, Innovation Software, Innovation Solutions, Innovation Strategy Services, Open Innovation, Technology Scouting
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[vc_row][vc_column][vc_column_text]As we move towards the final quarter of 2024, it’s time to start thinking about your innovation budget for 2025. The coming year promises to be a pivotal one, with rapid technological advancements and market shifts requiring a strategic and well-considered approach to R&D investments. Here are eight critical considerations to guide your planning.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="1/2"][vc_empty_space height="62px"][qodef_list_ordered] Understand Your Market in the Context of 2025 Trends Align Your R&D Strategy with 2025 Corporate Goals Assess Your R&D Capabilities for the Challenges of 2025 Leverage External Collaboration to Stay Competitive Apply the 80/20 Rule to Balance Risk Plan a Realistic 2025 Budget Explore Global Funding Sources for 2025 Plan for the Future with a 2025 Vision [/qodef_list_ordered][/vc_column][vc_column width="1/2"][tnc-pdf-viewer-link text="8 Essentials Innovation Budget Infographic" file="//ezassi.com/wp-content/uploads/2024/08/Preparing-Your-Innovation-Budget-for-2025-Infographic.pdf"][vc_single_image image="17672" img_size="full" onclick="custom_link" link="//ezassi.com/wp-content/uploads/2024/08/Preparing-Your-Innovation-Budget-for-2025-Infographic.pdf"][/vc_column][/vc_row][vc_row][vc_column width="1/6"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][/vc_column][vc_column width="5/6"][vc_empty_space][vc_column_text el_id="Budget1"]Understand Your Market in the Context of 2025...

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10 Jun

Innovation Management for Risk Mitigation

by Hunter O'Donnell
in Enterprise Innovation, Idea Management Software, Innovation, Innovation Challenge, Innovation Software, Innovation Solutions, Open Innovation, Technology Challenge
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[vc_row][vc_column][vc_empty_space][vc_column_text] How Much Does “Maybe” Cost?  |  Leveraging Innovation Management for Risk Mitigation  [/vc_column_text][vc_empty_space height="42px"][vc_text_separator title="The Cost of “Maybe”" border_width="2"][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="1/4"][vc_single_image image="17384" img_size="" alignment="center" style="vc_box_outline_circle"][/vc_column][vc_column width="3/4"][vc_empty_space][vc_column_text]Imagine standing at the crossroads of innovation, armed with a bold idea. Your team is ready to take the leap, but the path ahead is unclear and unstructured. Will this great idea flourish or flounder in your current organization? Is there transparency across collaborative departments to move the idea through the pipeline efficiently? The answer lies in the delicate balance of risk and reward and a structured strategy to make that determination.   “Maybe” is the cost of uncertainty—the price paid for daring to disrupt the industry. But how do you manage this risk? [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][qodef_separator position="center" color="#f2f2f2" border_style="solid" width="100%" thickness="2"][vc_empty_space][vc_column_text] Innovation Management to Navigate Risk  [/vc_column_text][vc_empty_space][vc_column_text]Use Innovation Management strategies against the paralysis of uncertainty. Here’s how it works:     Structured Exploration: Rather than jumping at every great idea, innovation management encourages a methodical approach. Define...

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