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Types of Innovation

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] The Origin of Hackathons: How Intensive Collaboration Became a Catalyst for Innovation [/vc_column_text][vc_empty_space height="5px"][vc_column_text]The concept of a "hackathon" was born in 1999, thanks to pioneering developers at OpenBSD and Sun Microsystems. OpenBSD, an organization dedicated to security-focused software, coined the term during a multi-day event where developers came together to "hack" on code, working intensively to improve and secure their software. Around the same time, Sun Microsystems introduced the term at the JavaOne conference, hosting a hackathon that invited developers to collaboratively build new applications in Java. The term itself combines "hack"—referring to creative coding or problem-solving—with "marathon," representing the event's prolonged, focused effort. This fusion perfectly captures the essence of hackathons: high-energy, collaborative sessions where...

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24 Apr

Augmented vs Artificial Intelligence

by Dave Jones
in Innovation, Technology Challenge, Types of Innovation
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[vc_row][vc_column][vc_empty_space height="12px"][vc_column_text] What is Augmented Intelligence (AI)? [/vc_column_text][vc_empty_space height="16px"][qodef_blockquote text="Augmented Intelligence (AI) is a conceptualization that focuses on AI's assistive role, emphasizing that AI should augment human decision-making and capabilities rather than replace them. It's also known as intelligence amplification (IA) or cognitive augmentation." title_tag="h3" width="75%"][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_empty_space height="18px"][vc_column_text] Human-AI Partnership: Augmented intelligence is about creating a partnership between humans and AI to enhance cognitive performance, learning, and decision-making.   Focus on Assistance: AI systems in this context are designed to assist humans in tasks, providing data, insights, suggestions, or automation, rather than taking over entirely.   Enhancing Capabilities: Augmented intelligence aims to improve human capabilities by leveraging AI technologies to analyze data, identify patterns, and provide support for better decision-making. [/vc_column_text][/vc_column][vc_column width="1/3"][vc_single_image image="20781" img_size="" alignment="center"][vc_empty_space height="18px"][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_column_text] Examples: [/vc_column_text][vc_empty_space height="16px"][vc_column_text] GPS doesn't drive for you, but it helps you navigate, augmenting your own driving abilities. Instead of replacing a human agent, an AI chatbot can be...

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07 Apr

Navigate Tariffs

by Huck Auluck
in Chemicals & Materials, CPG Industry, Innovation Strategy Services, Types of Innovation
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[vc_row][vc_column][vc_column_text] Adapting to Tariff Challenges [/vc_column_text][vc_empty_space height="16px"][vc_column_text] Strategic vs. Tactical Innovation: Which Course Are You On?  [/vc_column_text][vc_empty_space height="16px"][vc_column_text]In the dynamic business world, "innovation" is the buzzword everyone throws around. But are we all talking about the same thing? Often, the distinction between strategic and tactical innovation gets blurred, leading to misaligned efforts and missed opportunities. So, let's break it down and clarify these two critical approaches to growth, especially in the context of today's volatile trade landscape.[/vc_column_text][vc_empty_space height="16px"][vc_column_text] Strategic Innovation Under Tariff Pressure: Transforming Challenges into Opportunities [/vc_column_text][vc_empty_space height="16px"][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_column_text]Imagine a chess grandmaster planning their moves several steps ahead. That's strategic innovation in a nutshell. It's about looking beyond the immediate horizon and envisioning entirely new ways to create value. We're talking about reimagining your business model, disrupting existing markets, or even creating entirely new ones. Think of Netflix shifting from DVD rentals to streaming. Or Apple revolutionizing the music industry with the iPod and iTunes. These are...

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07 Feb

Innovation and Strategic Growth Trends Survey

by Hunter O'Donnell
in Collaboration Software, Idea Management Software, Innovation Software, Innovation Strategy Services, Technology, Types of Innovation
Comments

[vc_row][vc_column][vc_column_text] Key Trends and Challenges Shaping Organizational Growth in 2025 [/vc_column_text][vc_empty_space height="12px"][vc_column_text]Innovation is the engine of progress, and companies must continuously adapt to maintain a competitive edge. Organizations in 2025 are navigating AI-driven innovation, open collaboration, and strategic technology scouting to fuel their next breakthroughs. Ezassi’s Innovation & Strategic Growth Trends Survey explores the priorities, challenges, and emerging technologies shaping business strategies this year. Participants gain exclusive insights into industry benchmarks and future innovation roadmaps. Participation in this year's questionnaire was anonymous, and they received early access to the results, but now you too have access to best practices.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][qodef_separator position="center" color="#f2f2f2" border_style="solid" width="100%" thickness="2"][vc_empty_space height="12px"][vc_column_text] Results are in! Get your copy of the 2025 Innovation & Strategic Growth Trends Report [/vc_column_text][vc_empty_space height="12px"][vc_row_inner][vc_column_inner width="1/4"][vc_empty_space height="12px"][vc_single_image image="21005" img_size="" alignment="center"][/vc_column_inner][vc_column_inner width="3/4"][vc_raw_html]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[/vc_raw_html][/vc_column_inner][/vc_row_inner][vc_empty_space height="12px"][qodef_separator position="center" color="#f2f2f2" border_style="solid" width="100%" thickness="2"][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_column_text] Why Your Innovation Strategy Matters in 2025 [/vc_column_text][vc_empty_space height="12px"][vc_column_text]In an era of digital transformation, businesses must strike the right balance between short-term...

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23 Jan

What is Process Innovation? Definition, Benefits, and Best Practices

by Robyn Silber
in Innovation, Types of Innovation
Comments

[vc_row][vc_column width="2/3"][vc_column_text] Process Innovation Defined [/vc_column_text][vc_empty_space height="22px"][qodef_blockquote text="Process Innovation refers to the implementation of new or significantly improved production or delivery methods to enhance efficiency, reduce costs, and increase productivity. It involves optimizing workflows, leveraging advanced technologies, and adopting innovative strategies to streamline operations across various industries." title_tag="h3" width="100%"][vc_empty_space height="22px"][/vc_column][vc_column width="1/3"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] A Classic Example of Process Innovation: [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Perhaps the most well-known Process Innovation of our time is Henry Ford’s adoption of the production assembly belt, to halve the number of workers required and reduce the time to assemble each Model T.  This historic invention exemplifies the core goal of Process Innovation: streamlining operations and reducing costs to enhance productivity. By harnessing new technologies and refining processes, businesses can improve the efficiency of product and service delivery. The introduction of the assembly line not only revolutionized industrial mass production but also laid the foundation for economies of scale. Process Innovation is not just limited to...

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14 Jan

What is Sustainable Innovation? Definition, Examples and Best Practices

by Robyn Silber
in Innovation, Types of Innovation
Comments

[vc_row][vc_column width="2/3"][vc_column_text] What is Sustainable Innovation? [/vc_column_text][vc_empty_space height="22px"][qodef_blockquote text="Sustainable innovation is the application of new ideas to create value while prioritizing benefits for both people and the planet." title_tag="h3" width="100%"][vc_single_image image="19424" img_size="full" alignment="center" onclick="custom_link" img_link_target="_blank" link="//ezassi.com/wp-content/uploads/2025/01/Sustainable-Innovation-venn.pdf"][/vc_column][vc_column width="1/3"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Professor Rajesh Chandy, a Professor at the London Business School, breaks down Sustainable Innovation into its component parts.  What is Innovation? The application of a new idea to create value. Sustainability? This involves creating value for people and the planet. The world faces serious environmental, economic, and social challenges. It is the job of corporations, government, regulators, and individuals to meet the legitimate aspirations of the world's population in a way that the earth and society can bear and that will also allow the planet and society to flourish.  The UN’s Sustainability goals are broader and more ambitious than any one country or company. The complexity of the issues facing the world in 2025 are not solvable by a...

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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
Comments

[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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23 Dec

What is Digital Innovation?

by Stephanie Creech
in Technology, Types of Innovation
Comments

[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
Comments

[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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10 Dec

What is Continuous Innovation? Definition, Examples and Management

by Robyn Silber
in Innovation, Innovation Software, Innovation Solutions, Types of Innovation
Comments

[vc_row][vc_column][vc_column_text]Thriving companies don’t sit back and enjoy their success; they are constantly innovating. It is not always the sensational, market-shifting, disruptive innovations that companies invest in, but the commitment of substantial resources to Continuous Innovation.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_column_text] What is Continuous Innovation? [/vc_column_text][vc_empty_space height="22px"][qodef_blockquote text="Continuous innovation is an organizational approach of consistently generating, testing, and implementing new ideas across products, services, and processes. It creates a dynamic culture of ongoing improvement, where innovation isn't a one-time event but a perpetual strategic commitment to adaptation, learning, and value creation." title_tag="h3" width="100%"][vc_empty_space][/vc_column][vc_column width="1/3"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="22px"][vc_row_inner][vc_column_inner width="1/4"][qodef_button size="" type="" hover_animation="" target="_blank" icon_pack="font_awesome" fa_icon="fa-check-circle" font_weight="" text="R&D Reports" link="//ezassi.com/open-innovation-management-services/technology-discovery-market-analysis/"][/vc_column_inner][vc_column_inner width="1/2"][vc_column_text]Innovative organizations allocate resources to adjust, tweak and revise products, services, ideas, and methods to maintain their competitive edge.[/vc_column_text][/vc_column_inner][vc_column_inner width="1/4"][qodef_button size="" type="" hover_animation="" target="_blank" icon_pack="font_awesome" fa_icon="fa-check-circle" font_weight="" text="IDEA BOX" link="//ezassi.com/idea-box-internal-external-ideation/"][/vc_column_inner][/vc_row_inner][vc_empty_space height="42px"][vc_row_inner][vc_column_inner width="1/2"][vc_column_text] The Rules of Continuous Innovation: Adaptability, Learning, and Growth [/vc_column_text][vc_empty_space height="22px"][vc_column_text]It’s not just companies that are constantly innovating.  The world of competitive...

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