Five overall key takeaways from the Process track detail some of the main innovation themes from the 2024 edition of FEI. All Things Innovation has endeavored to curate the list with a selection of key resources devoted to each topic.
FEI 2024 Process Track Key Takeaways
- The Importance of a Culture of Innovation: Creating an environment that encourages experimentation, risk-taking, and collaboration is essential for driving innovation.
- Additional Resources: “What It Really Takes to Foster an Innovation Culture in Your Organization,” from Itonics.
- “How You Can Foster A Culture Of Innovation To Drive Growth,” from Forbes.
- “An Innovation Culture That Gets Results,” from BCG.
- “Leadership and Innovation: Fostering a Culture of Creativity,” from The Economic Times.
2. The Power of Partnerships: Collaborating with startups, academic institutions, and other external partners can provide valuable insights, resources, and expertise.
- Additional Resources: “Developing Successful Strategic Partnerships With Universities,” from MIT Sloan Management Review.
- “After the Honeymoon Ends: Making Corporate-Startup Relationships Work,” from BCG.
- “8 External Sources of Innovation,” from Itonics.
- “Scaling Together: Overcoming Barriers In Corporate-Startup Collaboration,” from Nesta.
3. The Role of Emerging Technologies: AI, automation, and other cutting-edge technologies offer significant opportunities for innovation but also present challenges that must be carefully navigated.
- Additional Resources: “AI, automation, and the future of work: Ten things to solve for,” from McKinsey & Company.
- “Generative AI and the future of work,” from Deloitte.
- “Emerging technology: Your gateway to the future of business,” from PWC.
- “What’s New in the 2023 Gartner Hype Cycle for Emerging Technologies,” from Gartner.
4. The Importance of Data-Driven Insights: Leveraging data and analytics can help organizations identify trends, anticipate future needs, and make informed decisions.
- Additional Resources: “The Advantages of Data-Driven Decision-Making,” from Harvard Business School.
- “What is data-driven decision-making?” from IBM.
- “Here’s how you can leverage data-driven insights to drive innovation in your organization,” from LinkedIn.
- “Leveraging Data Analytics to Drive Innovation,” from All Things Innovation.
5. The Need for a Holistic Approach: Innovation requires a multifaceted approach that considers social, technological, environmental, economic, and political factors.
- Additional Resources: “Why Organizations Need a Holistic Approach to Innovation,” from MIT Management Sloan School.
- “4 Steps to Holistic Innovation Management,” from Itonics.
- “Selecting an Innovation Framework,” from All Things Innovation.
- “Innovation Methods: A Comprehensive Guide,” from Strategyn.
Click the following links to dive into each Process session:
- Mastering the Corporate-Startup Partnership Process, Lisa Costello, Director, Head of Platform & Tori Deems, Head of Community, Prologis Ventures
- AI-Powered Insights: How to Get Your NPD Process Down to a Science, Nik Pearmine, VP – Client Strategy, Black Swan Data
- Innovation As a Pathway to Increased Organizational Throughput, Donald High, Chief Data Scientist, Internal Revenue Service
- Corporate Changemaker Challenge: Shortening Net Zero Emissions Mandate Deadlines, Jhansi Kandasamy, Net Zero Program Director, Idaho National Laboratory
- Enterprise Architecture As An Innovation Engine, Christian Reeves, Sr. Manager, Enterprise Architecture | Technology Innovation, Discover Financial Services & Steve Reed, Director of Innovation Solutions, Corporate Innovation & Idea Management, Qmarkets
- Blending (Data) Science & (Fine) Art Through Process, Michael Bagalman, VP, Business Intelligence & Data Science, Starz & Sonya Sklaroff, Associate Professor, Parsons School of Design
- Unleashing Innovation in 6 Weeks: More Doing. Less Talking, Tucker Fort, Partner, Smart Design & Ryan Fleming, Senior Director of Innovation, Central Garden and Pet
