We are seeing the growing importance of B2B collaborations in any IIoT solution

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We are seeing the growing importance of B2B collaborations in any IIoT solutions based on platforms

Over the next decade, one of the most prominent aspects of digital transformation will be the creation of vast, interconnected ecosystems enabled by industrial B2B platforms. They can do this by enabling the “outcome economy”, which will reshape how industries are defined, how ecosystem participants interact, how stakeholders’ needs are met, and how value is created and shared. Continue reading ” We are seeing the growing importance of B2B collaborations in any IIoT solution”

A new cycle of innovation design

We really do have this compelling need to have a new cycle of innovation design.

A more integrated solution that takes our understanding of innovation and how to manage it, into the realms of ecosystems and platforms in its design and thinking.

To achieve this we need to recognize a significant change we must undertake in our present innovation management. We need to open up our thinking to embrace a new era of digital innovation

Does it make sense? You judge as you read.

Extract what makes sense for you, explore where there are thoughts that can be applied to your current innovation set up. Just remember a new innovative design needs to be radical, totally connected, and resource-rich. Continue reading “A new cycle of innovation design”

The Rise of Platform Business Models

The rise of platform business modelsWe have seen an incredible rise in digital platforms that have become part of our everyday lives.

Whether it’s Apple, Google, eBay, Amazon, Android, Facebook, Microsoft, Alibaba, Salesforce, Uber, Airbnb, PayPal or one of the many others, they all have become some of the hottest companies that consumers value.

These companies have built out their businesses on powerful platforms that drill down on what we value and allow us to connect. They (B2C) have connected the consumer like never before. Now we see the surge of the industrial platforms (B2B), the IIoT world arriving in force.
Continue reading “The Rise of Platform Business Models”

Coping with Digital Transformation: Adopting a Rapid Innovation Process

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As we start to think about the next year, it is a time of reflection and some forward-thinking

From my standpoint, I am simply amazed at how the world seems to be spinning faster and faster. I am convinced my working days are shorter or the clock is moving faster. I never seem to finish what I had intended to complete by the end of a day or week. I get caught up in the spillover effect.

Something always gets in the way, something has to give. So we make a resolution to change something to improve on this constant catch up state we find ourselves in.

Continue reading “Coping with Digital Transformation: Adopting a Rapid Innovation Process”

Forget Best Practice, It Is All About Next Practice

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Often you hear the request made:

“can you give us a best practice snapshot; we would like to get a sense of where we are”.

The trouble with best practice is you are looking at someone else’s practices and these are highly individual, made up of different groups of methodologies, processes, rules, theories, values, and concepts. These together have provided that specific company a level of success that others – mostly competitors – begin to notice.

As the famous line in the film When Harry met Sally as Meg Ryan was faking it, went “I’ll have what she’s having”. No, there is no such thing as best practices, you can’t simply pick up and plug and play, as one organization’s initiative is never the same set of conditions or positioning that others can simply copy.

We desire the “one-size fits all” as a comfort blanket. Many consultants love this request, as they do not need to apply the real skills of discernment, subject matter expertise, and the difficult challenge of peeling away a client’s practice to understand how they can rebuild them to become unique, into a leading practice that cannot be copied.

Here does lie a true competitive component and so many organizations seek to apply someone else’s practice so they can end up as “same” practice. Continue reading “Forget Best Practice, It Is All About Next Practice”