Innovations in Fintech

Innovations in Fintech

Technology automation tends to have two phases: In the first phase, automation replaces human decision-making and process with an inflexible set of rules, often creating new problems even as it solves old ones, and shutting out those who may be outliers or may be “exceptions to the rule.” But the next phase is where the innovation really kicks in, and this is when that automation becomes intelligent, data-rich, and capable of actually making rational decisions that improve and enhance the level of customer service, and open up new opportunities for the business that could not have existed previously.

Read More »

Six Reasons why Cross-Functional Innovation Teams Fail

Six Reasons why Cross-Functional Innovation Teams Fail

Once you have identified a great idea for a new product or service innovation what do you do?  Many firms put together a cross-functional team (XFT) and tell them to bring the product to market.  It seems like a good approach. They have budget, people, and empowerment.  What could possibly go wrong?  Lots of things. Here are six common reasons ...

Read More »

Books as Tools: A Guide to Open Innovation and Crowdsourcing

51equ1md9kl

A Guide to Open Innovation and Crowdsourcing is a compendium of best practices, advice and case studies from leading thinkers, commentators and practitioners edited by Paul Sloane. Chapters are written by an international team of eminent thinkers, writers and practitioners in the field, and covers the definition of open innovation, how to manage virtual teams and co-create with customers, how to overcome legal and IP issues and common mistakes and pitfalls to avoid.

Read More »

Thinking Through a Crowdsourcing Initiative [2/3]

thinking-crowds

Crowdsourcing does have a real potential in my mind but does seem to have some formidable issues to work through, to be well understood and managed. Partnering with experts in this field will help overcome many of these barriers or at least have reassuring suggestions for resolving them. Let’s take a look at some of these here in this post. ...

Read More »

Rodeo Innovation

rodeo-innovation

If you have ever watched calf roping in the rodeo, you have seen the cowboy ride out after a running calf, rope it, throw it to the ground, loop a rope around its back legs, and throw his hand in the air. Some innovation programs are run in a similar manner. I have been associated with innovation programs in large ...

Read More »

15 Outspoken Quotes on Innovation

quotes

Yes, Innovation is extremely difficult. That’s why I love it actually. My personal goal is to spark innovation by making it less complex so you, your colleagues and/or clients will be able to innovate yourself. As blogger on innovation I have written more than 200 posts. I reread them to identify15 essential innovation messages. Being Dutch makes me kind of outspoken and ...

Read More »

Where is the Crowdsourcing Movement Heading? [1/3]

Business People Light Bulb Innovation Jigsaw Togetherness Concepts

Author’s note: This is a three-part series. Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. It can hold a key for us to help solve vexing questions, real challenges, and connect different voices, that builds into a community that can combine and open up the fields of opportunity for new solutions. Crowdsourcing ...

Read More »

Top 20 Innovation Articles of September 2016

Top-20-v2

Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are September’s twenty most popular innovation posts: Learn from ...

Read More »