Innovation is not just about technologies and ideas. What matters is getting your product out, taking it from concept to the market. Around the world, there are thousands of technologies collecting cobwebs in R&D labs. So, how do you commercialize your technologies, so they see the light of day?  ..read more

Scan the covers of best-selling books on innovation, and many of them focus on culture as a major driver of innovation success. Concepts of lean and agile. Startup and experimentation mindsets. Advice to fail fast and fail forward ..read more

To stay ahead in innovation, think of yourself as a detective, keeping a close eye on disruptive trends and new technologies. You want to make informed decisions about what technologies pose a risk to your business, and which present opportunities. Companies need a system to monitor and analyze such drivers of change constantly. This blog provides guidance on how to effectively monitor technologies relevant to your business ..read more

Being the first to market can be a game-changer for companies that want to capture market share and consumer loyalty ahead of competitors. But the first-mover advantage also has drawbacks. If your company’s success is based on one initial novel business idea, your advantage will be hard to sustain. Let’s look at some examples of first-mover advantage and how your company can allocate resources effectively to reduce time-to-market ..read more

Traditional methods of tracking R&D KPIs, such as spreadsheets or standalone software, are often cumbersome, time-consuming, and prone to errors. These methods lack real-time visibility, making it difficult for stakeholders to make informed decisions promptly ..read more

In the past decades, research and development (R&D) expenses have surged across various industries. Between 2007 and 2022, corporate R&D spending grew with a CAGR of 5.2%, underscoring the importance of R&D in driving future growth and market differentiation (Global Innovation Tracker, 2023). With firms increasingly integrating advanced technologies like the Internet of Things (IoT), big data, and artificial intelligence into their product and service portfolios, R&D investments are expected only to increase further.  ..read more

Organizational innovation slack, the surplus of resources that exceeds the minimum necessary, is a double-edged sword. While some say slack fuels creativity, others claim excessive slack leads to waterfall thinking, too generous investments, and being too late to capture significant innovation rents. In this article, we show that finding the right innovation weight is beneficial. We’ll take you through strategies to drive innovation efficiency by reducing overhead, ambiguous decision processes, and too-tight or too-fat resource allocation.  ..read more

Far too often, companies strive for innovation by encouraging employees and partners to submit ideas. Yet the vast majority of these efforts yield minimal results in terms of new profit, improved workflows, and impactful solutions. This tendency leads to what's known as the ideation productivity trap, where an abundance of ideas results in increased effort spent sifting through, analyzing, evaluating, and deciding on which ones to pursue. Fortunately, recent advancements in AI, particularly within the ITONICS Innovation OS, offer elegant solutions to escape this trap. Digital assistants now a ..read more

In the world of innovation, Kodak serves as a stark reminder of what can happen when a company’s departments operate in silos, and R&D intelligence is disconnected. This blog will take you through pitfalls and best practices for R&D data governance, illustrating the importance of interdepartmental collaboration and synergy ..read more

Time is money. Being fast to market is a key differentiator between firms amortizing their innovation investment and money burners. Successful innovators run faster and more efficiently through different innovation stages and, thus, outperform less successful firms in time-to-market. Our research explores the phases in which innovation leaders are particularly fast and the time-to-market strategies they use to move fast. In a nutshell: investing more time into the early stages and less time in approvals/meetings results in a time surplus in the later execution phases, likely returning as high ..read more