In an analysis of high performance innovators (called in this article the “Global Innovation 1000”), researchers made a surprising discovery: “spending more money does not open the doors to innovation.”
Technology is continuously transforming the way people live on a daily basis. The rapid rate at which technology advances makes it one of the most unique influences on our society. From business operations to home-living, technology has found its way into every nook and cranny of human life.
More people are living in cities than ever before. More people are living closer together and changing weather and climate trends carry more threats to citizens. As cities become more digital, it is becoming easier to understand and predict the trends that are affecting the lives of the population.
Technology is a double-edged sword. On the brighter side, we have ever-changing and improving features because of the rapid evolution of technology. On the other hand, this very pace of technology and the rate at which it is getting updated can cause both developers and users to be left out and outdated if they do not keep up.
When the Commission for Environmental Cooperation launched a challenge to the youth of North America, they received hundreds of unique, green business proposals. The young entrepreneurs competed for seed funding and came up with some truly disruptive ideas.
Anyone who is managing their innovation program with innovation software is generally amassing a wealth of data. Many people are looking at that data on an individual idea-level, but it’s actually possible to start looking at that data and identifying new themes, trends, or topics that will inform your strategy in the coming years by grouping that information on tags, text analysis, and more. It can be a trend early-warning system if you pay attention to it.