Blitzscaling: Could it be the Key to Innovation Success at Your Company?

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The Innovation Scout is dedicated to bringing you the latest trends that impact innovation in your firm. Last year we brought you key insights and briefings on the rise of AI-powered voice recognition and its impact on innovation and future business opportunities. Now we bring to you two critical innovation trends and an excerpt from a paper, Blitzscaling and Beyond, by Dr. Nick Vitalari, an expert on innovation and scaling and organizer of an upcoming Forum on January 16, 2020, Blitzscaling for Good, anchored by Reid Hoffman and Chris Yeh. His paper and upcoming forum support the two trends we […]

Artificial Intelligence: The 4th Industrial Revolution is Here

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In 1950 Alan Turing published his landmark paper outlining the creation of computer systems that would ‘think’ like a human.  If you could hold a conversation with a machine that was indistinguishable from another human – voila  proof of a ‘thinking machine’. This description set the stage for what we know as the broad category: Artificial Intelligence. It’s been almost 70 years since Turing’s publication, but this revolution isn’t really about recreating a human’s brain or intelligence.  It’s about taking our human capacity way beyond our capabilities. AI is not about one single emerging technology, rather it defines a completely […]

C.E.O: The New Chief ‘Experiments’ Officer Leads Innovation

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“The only way to win is to learn faster than anyone else”  – Eric Ries Lists nominating ‘The Most Innovative Company’s’ of <name the year> highlight one common theme, these are companies who have embraced experimentation in order to move their business forward.  Moreover, the biggest long-term winners are those who have figured out how to test new ideas with end customers that drive product decisions. Take Chobani for instance. Their highly competitive space requires a continuous flow of new products. How do they continuously learn about changing customer tastes?  Look no further than Chobani Soho, a bricks & mortar […]

Retail It’s Time To Run (Not Hide) Towards Your Future

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While hurricanes and earthquakes overwhelm the headlines, an old friend the local retail store, continues on a long, predictable death spiral. The story is getting back page coverage. We are only 3 months away from the holiday season, historically the most lucrative moment for retail. The news suggests a not so happy holiday season. Toy’s R Us files Chapter 11 bankruptcy and Macy’s closes yet another 15% of its retail stores. This year has brought the closing of well-loved retail brands such as The Limited, Wet Seal and RadioShack. Wall Street is betting that things are going to get worse. […]

Innovation Moves Faster with Startup Thinking

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We founded The Innovation Scout because we know how hard it is to succeed at innovation inside of a large company. Getting ideas is not necessarily the difficult part. It’s about finding strong, relevant solutions fast enough to make a difference in your market. It’s about discovering what is possible, testing with customers, building lean prototypes and getting to market fast. That’s reflects what a startup does. You don’t need to be a startup, but you can learn from them, use their roadmap and get moving faster by collaborating with them. At the Innovation Scout we are all about helping […]

The Innovation Scout Canvas

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When you set out to scout for innovation how well do you frame the opportunity? The early stage of scouting sets the tone.  In order for your work to be fruitful quickly, you need a method to define and frame the problem. Why does time matter? Because competitors and startups are nipping at your heels already. You need to be efficient in your scouting efforts in order to find competitive advantages that will work for your business this year. We have created The Innovation Scout Canvas™ to address the need to unpack the opportunity appropriately before setting out to search […]

Artificial Intelligence: Where Do We Go From Here?

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“The business plans of the next 10,000 startups are easy to forecast: Take X and add AI.”   – Kevin Kelly In 1950 Alan Turing published his landmark paper introducing the idea that computer systems could eventually ‘think’ like a human.  If you could hold a conversation whereby the machine was indistinguishable from another human – voila – The Turing Test for a ‘thinking machine’ was born. Today we know this as the broad, humanity changing topic of Artificial Intelligence. It’s been almost 70 years…where are we today? Vishal Chatrath, CEO puts Artificial Intelligence activity into two general branches: perception […]

Innovation Strategy: Define Your Opportunity

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We hear it all the time, “we aren’t sure exactly what we are looking for”.  Some companies just believe they need to be part of the newest tech trend, even though there isn’t a clear reason why.  So why have an innovation strategy at all?  It’s simple really, to clearly focus and align the innovation efforts of your team. These efforts need to ultimately connect with your overall business strategy. Innovation isn’t easy, it’s often a frustrating exercise inside of big companies.  Why do efforts to innovate often fail?  Here’s a hint: it’s not about execution.  The problem is routed […]

Overlay Reality and Change Your Business: Augmented Reality Takes Off

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Trend: Physical and Digital Worlds Continue to Merge Why should you care about this?  It’s reaching critical mass in 2017. Layering digital information on our physical world is ready for prime time. Augmented Reality is being used by manufacturers to find problems on the shop floor, by retailers to sell more and by education leaders to deliver better training solutions. Augmented reality (AR) decreases product modeling time and costs. It changes the game for equipment failure response time. Even jet engines are easily diagnosed and fixed with augmented reality views. From healthcare applications to entertainment, Augmented Reality is a topic you […]