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Technology

16 Jan

Neural Networks: Transforming Industries Over the Next 5 Years

by Dave Jones
in Chemicals & Materials, CPG Industry, Defense & Aerospace Industry, Energy Industry, Innovation, Technology, Technology Landscape
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[vc_row][vc_column][vc_column_text] Revolutionizing Industry: The Five-Year Impact of Neural Networks on Key Sectors [/vc_column_text][vc_empty_space height="10px"][vc_empty_space height="10px"][vc_column_text]Neural networks, the backbone of artificial intelligence, have progressed from theoretical frameworks to indispensable tools reshaping industries. These computational models, inspired by the human brain, excel at pattern recognition, predictive analytics, and automation, offering unparalleled solutions to complex challenges. Over the next five years, advancements in hardware, algorithms, and data accessibility will accelerate the adoption of neural networks, driving transformative change across Consumer Packaged Goods (CPG), Aerospace, Energy, and the Chemical Industry. This forecast explores the potential of neural networks to revolutionize these critical sectors, addressing key applications, opportunities, and challenges ahead.[/vc_column_text][vc_empty_space height="10px"][qodef_separator position="center" color="#d6d6d6" width="100%" thickness="2 px"][vc_empty_space height="10px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Impacts of Neural Networks by Industry [/vc_column_text][vc_empty_space height="20px"][vc_column_text] Consumer Packaged Goods (CPG) – Including Food and Beverage [/vc_column_text][vc_empty_space height="10px"][vc_column_text] Consumer Packaged Goods (CPG) Industry - Personalized Consumer Experiences: Neural networks will enable hyper-personalized marketing strategies by analyzing consumer behavior and preferences in real time. Brands can...

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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] A Guide to Business Model Innovation [/vc_column_text][vc_empty_space height="20px"][vc_column_text]Business model innovation is a competitive strategy offering organizations a way to redefine their value proposition, operational structure, and revenue streams. In this guide, we’ll explore what business model innovation entails, why it’s critical for success, and how innovation management leaders can leverage software tools and strategic services to guide transformational growth.[/vc_column_text][vc_empty_space height="30px"][vc_column_text] What is Business Model Innovation? [/vc_column_text][vc_empty_space height="10px"][qodef_blockquote text="Business model innovation is the process of reinventing how a company delivers value to its customers and captures profits. Unlike product or process innovation, it focuses on altering the framework of business operations, including customer engagement, revenue generation, and cost management." title_tag="h3" width="75%"][vc_empty_space height="30px"][/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 It Matters: [/vc_column_text][vc_empty_space height="5px"][vc_column_text] Adapts to disruptive technologies Enhances market differentiation Unlocks new revenue opportunities [/vc_column_text][vc_empty_space height="10px"][qodef_separator position="center" color="#dddddd" width="100%" thickness="2 px"][vc_empty_space height="30px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Key Elements of Business Model Innovation [/vc_column_text][vc_empty_space height="5px"][vc_column_text]To succeed in business model innovation, organizations must address these core components: Value Proposition...

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02 Jan

5 Year Forecast – Digital Twins

by Dave Jones
in CPG Industry, Defense & Aerospace Industry, Energy Industry, Technology
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[vc_row][vc_column][vc_column_text] How Digital Twins Technology is Impacting Industry Innovation and Driving Change [/vc_column_text][vc_empty_space height="12px"][vc_column_text] Digital Twins enable simulation, testing, and optimization across industries like CPG and Manufacturing, Aerospace & Defense, and Energy. [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Innovative companies across various industries are increasingly recognizing the transformative potential of digital twin technology. By creating virtual replicas of physical assets, processes, or systems, businesses can simulate, analyze, and optimize their operations in a risk-free digital environment.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="1/4"][vc_column_text] Key benefits driving the adoption of digital twins include: [/vc_column_text][vc_empty_space height="12px"][vc_single_image image="19327" img_size=""][/vc_column][vc_column width="3/4"][vc_column_text] Enhanced Product Design and Innovation: Digital twins enable companies to simulate and evaluate new designs under various conditions without the need for physical prototypes. This approach accelerates the design process, reduces costs, and promotes resource efficiency. Predictive Maintenance and Optimization: By continuously monitoring the performance of equipment through digital twins, businesses can predict potential failures and schedule maintenance proactively. This strategy minimizes downtime, extends asset lifespan, and enhances operational efficiency. ...

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30 Dec

Revolutionizing Industries: How Smart Materials Will Redefine 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, Open Innovation, Technology, Technology Landscape
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[vc_row][vc_column][vc_column_text] The Game-Changing Potential of Advanced Materials [/vc_column_text][vc_column_text] The Future of Advanced Materials in Consumer Goods, Energy, and Emerging Technologies [/vc_column_text][vc_empty_space height="10px"][vc_column_text]In the fast-paced world of technology, advanced materials are playing a pivotal role in reshaping industries. From consumer packaged goods (CPG) and life sciences to energy, defense and aerospace, innovations in materials science—such as self-healing polymers, bio-based materials, and nanostructures—are enabling groundbreaking applications. These materials promise lighter, stronger, and more sustainable solutions, driving innovation while addressing critical global challenges like climate change, resource scarcity, and health care needs. Over the next five years, the integration of advanced materials will enhance products in sectors as diverse as packaging, renewable energy, and defense systems. This blog will explore how advanced materials are driving innovation and reshaping the future of these industries.[/vc_column_text][vc_empty_space height="10px"][qodef_separator position="center" color="#d6d6d6" width="100%" thickness="2 px"][vc_empty_space height="10px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Innovations Shaping the Future of the CPG Food & Beverage Industry Key Impact Areas: Sustainable Packaging, Enhanced Food Safety, and...

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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="30px"][/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] How Digital Innovation Transforms Industry [/vc_column_text][vc_empty_space height="5px"][vc_column_text]Across diverse industries like Food and Beverage, Aerospace, Defense, Energy, and MedTech, advanced technologies are breaking traditional boundaries. Artificial intelligence, the Internet of Things (IoT), and blockchain are essential tools for competitive advantage. In the Food and Beverage sector, digital solutions are revolutionizing how businesses grow, distribute, and manage food resources. Precision agriculture uses data-driven insights to optimize crop yields,...

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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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03 Dec

Innovation on the Horizon: The Next 5 Years of Robotics and Industrial Automation

by Dave Jones
in Chemicals & Materials, CPG Industry, Defense & Aerospace Industry, Energy Industry, Enterprise Innovation, Food and Beverage Industry, Innovation, Innovation Software, MedTech & Life Sciences Industry, Technology, Technology Scouting
Comments

[vc_row][vc_column][vc_column_text] The Transformative Impact of Robotics on Industry Automation- Revolutionizing Efficiency, Precision, and Innovation Across Sectors [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Robotics and industrial automation are at the heart of Industry 4.0, revolutionizing manufacturing in recent years. These technologies dramatically enhance versatility and reliability, allowing businesses to adapt quickly to changing demands while maintaining utmost precision and efficiency to streamline operations, reduce downtimes, and optimize resource usage. Robotics are driving productivity and boosting profitability across a wide range of industries.[/vc_column_text][vc_empty_space height="22px"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="22px"][vc_column_text] An Analysis of How Robotics Technology is Changing the Consumer Packaged Goods (CPG) and Food and Beverage Industries   Key Impact Areas: Supply Chain Optimization, Predictive Maintenance, Quality Control, Production Optimization, Adaptive Manufacturing [/vc_column_text][vc_column_text]Technological advances in robotics are helping CPG companies improve accuracy, reduce costs, and maintain consistent quality while meeting increasing consumer demand for product variety and customization. Supply Chain Optimization: Autonomous mobile robots (AMRs) and Automated Guided Vehicles (AGVs) streamline material handling, inventory movement, and packing, while...

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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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sensor technology
31 Oct

Technology Trends – Sensors

by Dave Jones
in Chemicals & Materials, CPG Industry, Defense & Aerospace Industry, Energy Industry, Food and Beverage Industry, Innovation, MedTech & Life Sciences Industry, Technology
Comments

[vc_row][vc_column][vc_column_text] Sensors Rank as a Critical Component for Industry Innovation and Competitiveness [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Sensor technology is transforming industries by providing real-time monitoring of supply chains, product quality, and consumer interactions. For sectors like CPG, Defense, Manufacturing, and Energy, sensors offer crucial transparency and superior control. By tracking key conditions such as temperature, moisture, pressure, and handling, businesses can ensure product safety, optimize logistics, and reduce waste. Sensors play a vital role in gathering real-time data that is essential to maintaining quality, safety, and efficiency across industries. Incorporating sensors into an innovation strategy allows companies to gather valuable data that enhances decision-making, streamline operations, and improves product offerings. With real-time insights, businesses can adapt quickly to market demands, improve efficiency, and offer improved experiences for customers. Here is an overview of sensors across various industries and the key measurements sensors can track today. Sensor technology is always improving and moving into new sectors as their...

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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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