Is the balance in innovation activity about to change?

Is the balance in innovation activity about to change?

As digital technology continues to evolve, it will undoubtedly impact our innovation thinking. The question is: Will it dominate and control our thinking or will it enhance and connect ideas in new, exciting ways? This article explores the potential impact of digital technology on innovation systems and the need for these systems to adapt to the changing landscape in order to successfully commercialize new innovation. Connecting with the wider world and receiving vast amounts of data from social media, smart mobility, and other sources will be essential in generating new innovation opportunities. However, this necessitates a transformation in our innovation processes to accommodate these changes. We need to orientate our skills to receive, translate, and diffuse new knowledge in significantly different ways to capitalize on the opportunities presented by digital technology.

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More Innovation Resources:

The Altruism Economy

Altruism beats selfishness in business, according to David Sloan Wilson, an evolutionary biologist.

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Questions & Answers with an Innovation Management Leader from Intel: Viki Almog-Ayzenberg

Intel implemented a decentralized approach to innovation across various business units, and their experience was shared in a recent webinar with Viki Almog-Ayzenberg.

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Delivering the innovation core: building capability, capacity and competency.

Constantly building and nurturing innovation resources is essential for sustained growth and success in organizations. Developing the right capabilities, competencies, and capacity for innovation is crucial, but often overlooked or not well-defined.

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