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Innovation Strategy Tag

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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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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innovation leadership
21 Feb

Innovation Leadership

by Matthew Heim
in Enterprise Innovation, Innovation, Innovation Software, Innovation Solutions, Innovation Strategy Services, Technology
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[vc_row][vc_column][vc_column_text] Innovation Leadership - Strategies for Executives [/vc_column_text][vc_empty_space][qodef_blockquote text="Despite a focus on disruptive innovation, collaboration is lacking between business units, and the necessary structures between corporate entities and partners are often missing, causing breakdowns in the innovation process and missed opportunities.   "][vc_empty_space][vc_empty_space height="22px"][vc_column_text] The Key to Driving Enterprise Innovation? Strategy and Alignment Starting with Corporate Leadership [/vc_column_text][vc_empty_space][vc_column_text]Most companies today consider innovation one of their top-five strategic objectives. The C-Suite holds the key to successful innovation, which can be realized through proper vision and alignment at the top, and then rolled out to the rest of the organization through a coordinated effort.   A sustainable innovation program includes leadership roles (CEO, CTO, CIO, CFO, CMO, COO, CPO, CINO) all dedicated to collaborating and supporting innovational projects across interconnected departments.  Chief Innovation Officer and innovation program strategist, Dr. Matthew Heim, details the priorities of each executive role below.  [/vc_column_text][vc_empty_space height="22px"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text css=".vc_custom_1676652158771{background-color: #f2f2f2 !important;}"] Executive Oversight:  Vision, Sponsorship & Accountability [/vc_column_text][vc_empty_space height="22px"][vc_column_text]It is...

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