Cooking Up Innovation: A Review of Q3 2024

We covered broad themes such as innovation talent and culture, strategy, artificial and human intelligence and more while also highlighting educational sessions, trends, themes and interviews directly from the live FEI conference.

As we continue our year in review coverage this month, All Things Innovation looks back at the headlines that kicked off the third quarter, plus we provide some key takeaways by putting some synthesis and analysis support from Gemini into the mix as well.

By understanding these key themes and specific takeaways, organizations can develop effective innovation strategies and drive growth.

July 2024

• Avoiding Innovation Traps

• Creating the Right Innovation Team

• Selecting an Innovation Framework

• Leaning into Crisis Innovation

• Harnessing the Power of Consumer Insights

• FEI 2024 Report: The Future of Innovation

• The Journey to Commercialization

• The Path to a Sustainable Future

• Innovation in Action: Trends from FEI 2024

• Is Your Company Innovation Ready?

• Creating a Culture of Experimentation

August 2024

• Data-Driven: A Winning Formula for Innovation

• Building the Right Data & Insights Team

• Adopting an Innovation Ecosystem

• Supporting Agile Innovation

• Unleashing Innovation

• Building Connections Between Insights & Innovation

• Finding the Value of Innovation

• Plugging into AI & ML Adoption

September 2024

• Energizing Sustainable Solutions

• The Art of Asking: A Data Scientist’s Guide to Stakeholder Interactions

• The Symbiotic Relationship Between Corporations & Startups

• Is Transformational Innovation Possible?

• Creating a Venture Capital Mindset

• Applying Prompt Engineering: Inspiration to Innovation

• Setting the Stage for Startups

• Gen Z on Corporate Innovation

Q3 2024 Key Takeaways

1. Innovation Culture and Strategy

• Creating an Innovation Culture: Cultivating a culture that encourages experimentation, risk-taking, and collaboration.
• Innovation Frameworks: Selecting the right innovation framework to guide the innovation process.
• Innovation Teams: Building effective innovation teams with diverse skills and perspectives.
• Innovation Partnerships: Collaborating with external partners to accelerate innovation.

2. Data and AI

• Data-Driven Decision Making: Leveraging data and analytics to inform business decisions.
• AI and Machine Learning: Utilizing AI and ML to automate tasks, improve decision-making, and develop innovative products and services.
• Data Engineering: Building robust data pipelines and data warehouses to ensure data quality and accessibility.
• Data Science and Stakeholder Interactions: Effective communication and collaboration between data scientists and stakeholders.

3. Customer Centricity and Sustainability

• Customer Insights: Understanding customer needs and preferences to drive product development and marketing strategies.
• Sustainability: Integrating sustainability into business practices and communicating sustainability efforts to consumers.
• Consumer Behavior: Analyzing consumer behavior to identify trends and opportunities.

4. Emerging Trends and Future of Innovation

• Gen Z and Innovation: Understanding the values and preferences of Gen Z to drive future innovation.
• AI and Innovation: Exploring the potential of AI to drive innovation and solve complex problems.
• The Future of Work: The impact of automation and AI on the future of work.

Video courtesy of MIT Sloan Executive Education