HOW THE NEW REALITY AFFECTS: Innovation In 6 slides

To get most value from digital transformation – and to keep up with the rapid pace of technology change – organisations must invest in structured research and development (R&D).

#1

Three models for successful R&D were identified in the study: •  R&D labs •  Innovation partnerships •  DIY Startups

#2

R&D labs: •  Focus on solving one problem at a time •  Use small cross discipline teams •  Have a creative space separate from the

main office environment •  Are free from the everyday constraints of

the organisation

#3

Successful innovation partnerships are not treated as client-supplier relationships. They work best when the partner is a connected to the most senior levels of management, and given permission to question elements of core strategy.

#4

A DIY startup is where an established organisations sets up a small, separate part of the business designed to challenge existing practice and thinking. It takes bravery to do it – but success stories like FutureLearn and TeamUp show the potential gains.

#5

Get a bunch of smart people in a room and generate some new ideas”

Steve Rogers, Director EMEA, Google

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Credit: Gruff Ywain

Thank you

JulieDodd

http://thenewreality.info

Insights taken from The New Reality digital transformation report:

#NewReality