Tag Archives: risk

Lego’s Innovation Lessons

Lego's Innovation Lessons - Innovation Excellence

In strange and disappointing news, Lego announced that it was facing dire sales projections, with growth slowing from over 25% per year to low single digits. Strange, when just a few years ago Lego was on top of the world, with great new toys, Lego kits, Lego Robots and the Lego movies.

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How Behavioral Design Can Help De-Risk Innovation

Everyone who works in innovation will regularly hear clients asking about how to “de-risk” innovation. In a world where consumers have more choice than ever before, how can we provide an increased sense of confidence about the solutions we deliver? While no solution is ever a sure thing, behavioral economics can help. It is increasingly used by companies across industries ...

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Innovation in the IT Legacy World

“Legacy” seems to be a “bad” word in the business world, and it tends to denote antiquated; methods, software, hardware, etc. Yes, I refer here to many IT Systems that drive businesses. But many “legacy” applications that keep dominating the IT Business world—are Mainframe and Mid-range based. They still manage the bulk of the business transactions. Some popular applications are ...

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Innovative IoT Ups and Downs (Still) Hinge Largely On Security

Innovative IoT's Ups and Downs (Still) Hinge Largely On Security - Innovation Excellence

The idea of an IoT future is both exciting and terrifying. Unfortunately, for every wonderful idea made plausible by the IoT, there are still core issues that need to be worked out. With consequences ranging from annoying to potentially deadly, it’s hard to weigh the potential benefits made plausible and possible by innovation in the IoT against the dangers that the same systems will inherently expose us to. Nevertheless, we must look ahead and realize that even if the IoT is-coming-no-matter-what, there is no similar promise that follows in terms of security and disaster mitigation--at least not yet.

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