Radical Open Innovation News week 40-2020

Welcome to our biweekly selection of business IT innovation news. Created using our own opinionated selection and summary algorithm. We present some top innovation news items to get you thinking, debating and take action in order to make our world better.

1 Microsoft will replenish more water than it consumes by 2030

They have recently co-innovated solutions on Azure to improve water and wastewater management along the water cycle through smart water technology and services for optimized water and waste operations, water and energy, safety and enterprise sustainability. We’ll do this by putting back more water in stressed basins than our global water consumption across all basins. The wastewater treatment plant is an important part of the remediation efforts. The WRD is using Seequent’s Leapfrog Works to create 3D models of the local water basins, creating better understanding of groundwater flow and identifying contamination.

(Microsoft)

2 Customer-Centric Innovation? Sure, But With Which Customers?

Today, putting customers at the heart of innovation is a no-brainer for most business managers. However, should the innovation process involve all customers or only specific segments? In this article we explore the hurdles of these initiatives and propose a method to select the most relevant customers with whom to innovate.

(Innovation Management)

3 Software-defined vertical industries: transformation through open source

The report’s data shows that top- quartile company adoption of open source has three times the impact on innovation than companies in other quartiles. A complete answer is these industries not only depend on open source, but they’re building open source into the fabric of their R&D; and development models. As a recent McKinsey & Co. report described, the “biggest differentiator” for top- quartile companies in an industry vertical was “open source adoption,” where they shifted from users to contributors. They are all dependent on the speed of innovation that collaborating in open source enables. This paper will delve into the major vertical industry initiatives served by the Linux Foundation.

(Linux Foundation)

4 Complexity Scientist Beats Traffic Jams Through Adaptation

Mexico City is famous for its museums, food and culture, but also for its traffic jams. Let’s say we want to model Mexico City traffic. And it’s all self-organized because there’s no direct communication between the traffic lights in different intersections. In simulations, we found that by implementing self-organizing traffic lights, you could reduce travel times by 25%. Although Gershenson studies self-regulating traffic lights and metro systems, he is an enthusiast of bicycles as a more efficient and less polluting vehicle for city travel.

(Quanta Magazine)

5 Evaluating New Technology? You’re More Biased Than You May Realize

You may think that you make decisions about technology tools with an open mind and a clear process for evaluating options. There are three actions leaders can take to avoid being misled by new technology bias in their decision-making: **1\. This is particularly true of early adopters, who on average are more optimistically biased toward new technology. This sense of awe regarding new technology leads people to unconsciously perceive it as superior in performance compared with old technologies. Moreover, we tend to remember successful technological innovations and forget unsuccessful ones (can you name the earliest voice- recognition software?).

(MIT Sloan Management Review)

6 Losing the Right to Encryption Means Losing Business

For instance, Private Internet Access has previously physically left countries such as Russia and South Korea for that very reason. Private Internet Access isn’t the only tech company that has had to react quickly to the new anti-privacy laws in Hong Kong. Reactions ranged from companies like Zoom, Microsoft, Facebook, Google, and Twitter announcing that they would stop processing data requests from Hong Kong law enforcement, to other companies that have also removed their servers and ended existing business relationships in Hong Kong. To be clear, Internet users in Hong Kong may use our service, we just can’t physically host an exit gateway in Hong Kong given the current laws in effect. There are four general types of anti- privacy laws targeted at encryption or encrypted data emerging around the world: warrantless access, mandatory logs, mandatory man-in-the-middle access, and mandatory backdoors.

(The Internet Society)

7 We learn faster when we aren’t told what choices to make

In a perfect world, we would learn from success and failure alike. Both hold instructive lessons and provide needed reality checks that may safeguard our decisions from bad information or biased advice. But, alas, our brain doesn’t work this way. Unlike an impartial outcome-weighing machine an engineer might design, it learns more from some experiences than others.

(Link)

8 Doblin’s Ten Types of Innovation

Far too many startups & businesses believe that innovation is mostly product focussed. While that is the most obvious type of innovation, it is also one of the easiest for your competitors to adopt.  In order to not limit innovations to one stream (product focussed), you’ll need a framework to find and exploit other innovation opportunities that can give you an edge. One of those frameworks is the Doblin’s Ten Types of Innovation (DTTI).

(Link)

9 Competing Bandits: The Perils of Exploration Under Competition

Most online platforms strive to learn from interactions with consumers, and many engage in exploration: making potentially suboptimal choices for the sake of acquiring new information. We initiate a study of the interplay between exploration and competition: how such platforms balance the exploration for learning and the competition for consumers. We investigate two channels for weakening the competition: relaxing the rationality of consumers and giving one firm a first-mover advantage. We provide a mix of theoretical results and numerical simulations. Our findings are closely related to the “competition vs. innovation” relationship, a well-studied theme in economics.

(Link)

The Radical Open Innovation biweekly overview is a brief overview of innovation news on Digital Innovation and Management Innovation from all over the world. Your input for our next edition is welcome! Send it to [info] at [bm-support]dot[org] To following ROI news : Use our Atom or RSS feed.