In today’s fast-paced business environment, the replacement rate of new technology — and even new data — is accelerating like never before. The need to innovate and create “what’s next” is pressing; however finding the right big ideas to build and develop isn’t easy. Ideas can sometimes come from one person or a small team within your company, but most often they don’t. To identify and develop the best ideas, you have to bring together talent from various areas. This includes knowledge from your employees, university connections, external partnerships and your customers.

Here are examples of several ways to bring…

The fashion industry is one of the biggest industries in the world, worth around USD $3 trillion as of 2018; about 2% of the world’s GDP. Artificial intelligence (AI) is driving the shift from catalog-based shopping to company and brand social media to improve the customer experience. Artificial intelligence is the simulation of human intelligence by machines to make tasks easy and quick to perform. The machine mimics human actions, as it is programmed in a way that it can think like a human and complete goals. Here are a few ways how AI is revolutionizing the fashion industry.

Enhancing the customer experience with AI:

The…

“Ability is what you’re capable of doing. Motivation determines what you do. Attitude determines how well you do it.” — Lou Holtz

Companies large and small face a different world today than they have in the past. Changing marketplaces, customers, and technologies mean that the old way of doing things is just that, the old way. And companies, and their managers, need to find new ways of working to support and prepare for this change.

But not all change is external. Employees are changing too. …

The COVID-19 pandemic is already being described as the worst public health crisis in a generation.

In the first 30 days of 2020, it went from ~50 confirmed cases to ~10,000 cases, mostly in China. It was then declared to be a public health emergency of international concern by the World Health Organization (WHO). Since then, it has jumped to more than 1.6 million confirmed cases across more than 193 countries and regions and nearly 100,000 fatalities.

The current growth rate has the pandemic doubling in number of infected people every 7 days; the same applies for fatalities. What started…

In his 2015 HBR article, “You Need an Innovation Strategy”, Harvard professor Gary Pisano argued that resource allocation decisions are limiting the ability of firms to embrace innovation. But why do we still see a lack of innovation, even when all the resources are provided?

The hard truth is that companies that pursue innovation strategies still suffer from one or more of the three barriers to entrepreneurial action: resistance from within the firm, resistance from within the supply chain, and resistance from the customer.

Resistance To Innovation Within The Company:

The most significant hurdle by far is resistance to change from within. This takes many forms…

Supply Chain Management is a constant struggle for food and beverage (F&B) companies. Consumers want more insights about where their food is coming from, and on top of meeting consumer demands, manufacturers have two additional concerns: first, turning around inventory quickly at competitive prices while maintaining stock and supplier relations. Then, manufacturers must keep a close eye on quality, ensuring all products in the supply chain meet industry and consumer specifications. Obviously, there’s a lot to track in the data-driven supply chain. …

The industry has long recognized the promise of personalized medicine, with many new entrants in the last decade leading the way and offering molecular diagnostic services and comprehensive genomic testing for cancer and other diseases.

Forecasts of the total size of the personalized medicine market in 2025 range from $100 billion USD to over $2 trillion, due to varying definitions of the market, with most research firms estimating a CAGR of 10–11% over that time period.

Included in this Intelligence Brief:

• What personalized medicine is and how it will affect drug manufacturing protocols and healthcare costs
• What the current challenges are
• A review of personalized…

Skanska has met their pledge to improve safety in their construction sites and achieve an injury-free environment. How? The answer is through using a photo and video analytics platform, called SmartVid.io, that’s powered by machine learning algorithms. The platform analyzes audio and visual data and automatically tags the data based on the content. The data is then further analyzed using ML techniques, which detects and flags common safety risks such as missing gloves or hard hats.