Welcome to the ninth edition of Chief Innovation Officer.
In a world that is changing at a pace more blistering than ever before, a company’s ability to innovate is paramount. Being on top of new trends and developments in everything from AI to innovation labs is now more important than ever, and could be the difference between your company thriving or being left behind.
When setting out your own innovation strategy, knowing how others operate can be a good place to start. The image of the Silicon Valley bedroom startups is problematic in that it gives a warped perception of how innovation occurs. In this edition, Harriet Connolly looks at the numbers, determining who the US’ innovators are, and in what type of environment they work. Many will be part of ‘innovation labs’, an often misunderstood - but incredibly popular - concept, and Dean Marshall explains exactly what they are and why you may benefit from creating one.
Innovation is not limited to in-house developments or eureka moments from teams of dedicated solution-finders, though; wider changes to industries can be more organic. Rebecca Thomson takes a look at strategies in play to get more women into tech positions, with both re-entry programs and education playing important roles.
In this edition, we also look at developments in areas such as AI in healthcare and the production line. Machine learning is taking clunky steps to implementation in the healthcare industry, while Mercedes have returned skilled humans to its formerly automated factory floor. The future for man and machine in industry is still very much unclear, and I take a look at what it means for both manufacturing and collaboration between intelligent machine and man more generally.
Disruptive innovation has been a buzzword in business for some time now, with companies either looking for ways to undercut established industry leaders or fearing being undercut themselves. Harriet Connolly debunks the notion that disruption is a common business practice, instead looking at the more day-to-day ways in which companies innovate, find solutions and implement change.
And, finally, Matthew Griffin sits down with Mike McMinn, CIO of Marston’s to give a perspective from within business. The 200-year-old pub chain has reclassified itself from a hospitality company to a leisure company, and we take a look at the positives of such a change and the ways in which building a new vision for your company can help your business grow in not just your natural market but also new ones.
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