Innovate on Purpose: Six million dollar innovation

Innovation will be faster, better, smarter and done with partners in the future. We need to use data, new technologies and ecosystems to survive. Innovation will become faster as markets, technologies and competitors accelerate, with customers demanding more. We will also be smarter utilizing Artificial Intelligence, machine learning, big data, predictive analytics, IoT and a host of other technologies. The preponderance of data will help make decisions less risky, and employees will be more attuned to technology adoption and social media, helping to engage innovation at a more strategic level. Finally, partnerships with customers, competitors and other institutions are important ingredients to the success of a new product or service.