Mijn lesaantekeningen - The New Patterns of Innovation, HBR - Parmar et al
10 important questions on Mijn lesaantekeningen - The New Patterns of Innovation, HBR - Parmar et al
What are the five patterns in creating value from data and analytics?
- Augmenting products to generate data
- Digitizing physical assets
- Combining data with and across industries
- Trading data
- Codifying a capability
What is meant with the first pattern, augmenting products to generate data?
What are some examples of the first pattern, augmenting products to generate data?
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What is meant with the second pattern of innovation, digitizing assets?
But also 3D printing, making digital physical, and the management of digitization.
What is meant with the third pattern of innovation, combining data within and across industries?
What is an example of the third innovation pattern?
What is meant with the fourth pattern of innovation, trading data?
A company whose information is valuable to another company sells it. (a cell phone service identifies traffic jams by seeing where customers in cars are slowed down and shares the info with a navigation device company)
What is meant with the fifth pattern of innovation, codifying a distinctive service capability?
What is an example of pattern five of innovation?
Originally developed to automate all the steps in the company's internal travel booking and expense reporting processess. Turning this system into a service for other companies
What are the four success factors in making these patterns work?
- Strong technology Presence
- Input from external parties
- Motivated Leadership
- Emotional Commitment
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