Why Companies Should Scout New Technologies, Trends And Startups

Why Companies Should Scout New Technologies, Trends And Startups

Scouting is crucial for businesses to identify market shifts and developments that can impact their operations. The article highlights three key pillars of scouting - trends, technologies, and startups - that companies can leverage to stay ahead of the competition. Market pull trends originate from customer needs and can help companies align their products and services more effectively. Technology push refers to the impact of emerging technologies on business models, products, and services. Meanwhile, startups offer a valuable source of innovation for larger companies that are lagging behind. The article recommends using a dedicated software solution such as ITONICS Trend, Technology and Startup Radar to scout for emerging trends, technologies, and startups.

View

More Innovation Resources:

How to Use Business Transformation to Drive Innovation in the Digital Era [Infographic]

Effective business transformation requires an innovation strategy and product portfolio management, and promotes cross-team collaboration, according to a recent survey conducted by Planview.

View

Empathy, Integrative Thinking and Innovation

Integrative thinking can be a useful tool to break out of echo chambers and challenge our beliefs. It can also help create solutions that transcend trade-offs and deliver "and" solutions instead of "either/or" compromises.

View

11 Templates for Brainstorming (online or in-person)

Discover virtual brainstorming and ideation templates from Miro that can help you streamline remote collaboration and improve outcomes.

View