With most organisations looking to create new products, services or business models in the coming years as their primary strategy to generate organic growth, traditional companies are under intense pressure to develop innovative products to keep the pace of innovation and meet rising customer expectations.
"Thanks to drones, companies can not only design innovative value propositions, but also radically modify the way they operate."
Future casting, impactful innovation and value-add digitalisation are the key priorities outlined at the Innovation & Transformation Hub, which takes place in London on October 17-18. The theme of the event is ‘Growth, Impact & Transformation’.
The entrepreneurs at Silicon Valley have long recognised that the process of failing quickly to learn quickly is a stepping stone to success, thus creating a culture of “failing forward”. In the fast-paced startup world, failure is a critical part of workplace culture, in the belief that failing fast means innovating faster.
One of the biggest challenges facing businesses looking to compete in a digital environment is lack of experimentation, according to the latest study by MIT SMR and Deloitte. The 2018 Digital Business report found that digitally maturing organisations are more likely to experiment and iterate, something that more established companies struggle with.