How to measure innovation - Andrew Lizzio on behalf of IIBA Australia - Canberra Branch As delivered QT Canberra, 18th February 2020

1. IIBA
Canberra
Branch
How to measure
Innovation –
presented by
Andrew Lizzio

2. How to measure
INNOVATION
Andrew Lizzio
📧 andrew.lizzio@wizup.com.au
📞041 222 1279.

3. How to measure
INNOVATION
By: Andrew Lizzio Preamble
Innovation is more than a buzzword!! Learn the difference between “optimisation”,
“innovation” and “industry disruption”. Understand how to easily measure innovation
in a way that is intuitive and repeatable, being able to spot innovation in your people.
Get an exclusive look inside the latest R&D that is pushing the boundaries of critical
decision support.
A dashboard experience that visualises organisational hot-spots, in real-time, all the
time. An unmissable event for any leaders in and drivers of innovation.

4. The driver…
Not comfortable
CHANGEDrives

5. The driver…
Not comfortable
CHANGE
Current VALUE
<>
Expected VALUE
Drives…
Drives…

6. Takeaway 1…
The key is…
VALUE
But how much
value ???

7. The measurement problem…
“I want to
measure your
finger!” Which finger?
Which hand?
Why discriminate against the other
fingers?
What about the people that don’t have
that finger?

8. The measurement problem…
“What is a
millimetre?”
A unit of length, equal to one
thousandth of a metre, and one tenth
of a centimetre.

9. The measurement problem…
“What is a
millimetre?”
The length of the path travelled by light in vacuum during
a time interval of
of a second.
1
299,792,458,000

10. The point is…
You can measure something
unknown by using something
slightly more known!

11. Measuring projects…
Cost
Time
Effort

12. Takeaway 2…
Cost
Time
Effort
Value

13. The connection…
What is the relationship between
value and innovation?

14. Innovation =
Change in Value
Time
Takeaway 3…
Contextualised to the
current market

15. Takeaway 4… 0  No change
0 - 1  BAU
(Expected change)
1 - 2  Innovation
(Unexpected change)
2 - 3  Industry Disruption
(Unexpected change)
(Shifts change appetite)
+3  Industry Destruction
(Unexpected change)
(Value > business maturity)

16. Business maturity…

17. Hybrid car example…

18. Other examples…
Light bulbs  LEDs 2 - 3  Industry Disruption
(Unexpected change)
(Shifts change appetite)
x 2 CPU speed in 2 years 0 - 1  BAU
(Expected change)
Nuclear technology +3  Industry Destruction
(Unexpected change)
(Value > business maturity)
Age pill +3  Industry Destruction
(Unexpected change)
(Value > business maturity)

19. So what…
A tool to help you determine…
“fit-for-purpose”
for your client

20. Just remember…
You are not
one of these!!!
Re-assess for each client type…
1. Stakeholders
2. Workers
3. Consumers

21. Q&A… First it was Shakespeare,
now it’s poetry.
Things are going from
Bard to Verse!!
“Verse me your
questions,
fair maiden!”
The end!

22. 22
IIBA Canberra Branch BAPD 2020
• 22nd October 2020
• Returning to QT
• Opportunities to contribute
• Present
• Sponsor
• Volunteer

23. IIBA
Canberra
Branch
https://www.linkedin.com/company/iiba-canberra-branch