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Types of Innovation

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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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 css=""] 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. This approach relies on a variety of underlying technologies, including machine learning, deep learning, machine vision, and natural language processing (NLP), to assist humans without fully replacing them. It’s important to note that augmented...

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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
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[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
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[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
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[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 css=""]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. This dual focus on innovation and sustainability isn’t new. In fact, the concept of the “triple bottom line”—people, planet, and profit—was first articulated by John Elkington in the 1990s. Elkington’s...

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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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