Big Data is not Big Insight
21-04-2021
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Big Data can be the treasure trove of information that companies could leverage but only if they know how to turn it into big insight to drive real innovation.
Big Data can be the treasure trove of information that companies could leverage but only if they know how to turn it into big insight to drive real innovation.
Do we tend to focus too much on generating better ideas and too little on moving them to market success? Companies work hard to build innovation capabilities only to find themselves stuck in “Ideation Limbo.” Enthusiasm begins to wane and your efforts are going nowhere. Our experience has given us many insights into what your organization can do to convert ideas into tangible business results.
The stage-gate process has been a cornerstone of product development since the 1960’s. As applied to innovation, the stage-gate process often yields incremental innovation. Despite its benefits, the stage-gate approach has led to a lot of unintended consequences that inhibit innovation. So how can we adjust the stage-gate process to be more innovation friendly?
The mashup phenomenon isn’t new but it’s no longer a novelty, it’s now the norm. The term “mashup” is also gaining usage to refer to the juxtaposition of industry leaders and startups as they come together through incubators and accelerators to develop new ideas and businesses. Strategos helps foster business mashups on a client by client basis through our use of cross-function, multi-level client core teams and workshops to reach more voices. Mashups aren’t just for pop music. Be open to mashups in your organization and let that energy and learning lead you to new areas of growth.
To get some insight into the perspectives of Venture Capitalists and their approach to investment returns, we turn to our
Coming up with clever, cheap, fast experiments to test the assumptions of your business model is not easy. There is really no prescription for what to use when or where. This is one of the more “creative” exercises within the innovation journey. But the good news is that there are few design principles to guide you and some examples that can hopefully spark some ideas as you design your own experiments.
Our work has focused on helping clients to create and realize innovative strategies and new offering concepts. But what about the entire management infrastructure that an organization uses to deliver value to its customers? Our thinking led us to a “principles-based” approach to management innovation.
In this special ‘Innovation’ edition of the Swedish Standard Magazine (in Swedish) Michel van Hove of Strategos is interviewed about
After a time in which it has seemed that execution was all the rage, strategy is a hot topic again
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