Technology

How Fast Should You Innovate?

In my last two posts I've identified the need for speed, or velocity, as an outcome of innovation. What many firms fail to realize is that the game has changed. The rate of change in the environment has increased, and to remain "in the same place" as your firm is today - merely to hold serve - you must accelerate your product and service development capabilities.

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Which are the Best Countries for Innovation?

Here is a report drawn up by the IMF, OECD and the UN to rank international innovation competitiveness. The authors constructed an Innovation Capacity Index (ICI) that draws on a range of available data to correlate the wide-ranging set of relevant factors, policies, and institutional characteristics which play a central role in boosting a nation’s capacity for innovation.

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The Dark Art of Uncertainty

Engineers hate uncertainty. (More precisely, it scares us to death.) And our role in the company is to snuff it out at every turn, or so we think. To shield ourselves from uncertainty, we take refuge in our analyses. We create intricate computer wizardry to calm our soles.

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How Platform as a Service Will Spur Innovation in Manufacturing Software

Today, I want to discuss the lowering of barriers to entry for manufacturing software development. Recent developments in Cloud computing have made it much easier and cheaper to develop manufacturing applications. The latest development in Cloud computing that is spurring innovation in the manufacturing software industry is platform as a service -- or (PaaS) to manufacturing software.

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A New Era in Innovation?

When Congress passed the JOBS Act early this year, included in the Bill was a mechanism to allow for funding of early start ups by Crowdsourcing. The Securities and Exchange Commission is charged with modifying the existing SEC regulations related to investing to allow Joe Public the opportunity to get in on the ground floor of start ups. Online sites will offer the general public the opportunity to buy shares in promising technologies and services.

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