Here are some digital innovation examples for you to look into. Read this article.
For more details, visit : https://mitidinnovation.com/recreation/5-7-digital-innovation-examples/
The 7 Traits of Successful Digital BusinessesStradablog
The document discusses seven traits of successful digital enterprises as identified by studying dozens of digital transformation successes. The seven traits are: 1) being unreasonably aspirational, 2) acquiring capabilities, 3) "ring fencing" and cultivating digital talent, 4) challenging everything, 5) being quick and data-driven, 6) following the money by focusing investments on areas that create the most value, and 7) being obsessed with improving the customer experience. The document provides examples for each trait and argues that to truly transform digitally, companies must excel at all seven traits.
The digital advantage how digital leaders out perform their peers in every in...PlatformE2E
The document discusses how digital leaders outperform their peers across industries. It finds that companies with higher "digital maturity" through investment in digital technologies and transformation management capabilities have significantly higher financial performance. Digital maturity has two dimensions: digital intensity focusing on technology initiatives, and transformation management intensity involving vision, governance, and culture change. Companies that score highly on both dimensions, called "Digirati", generate more revenue, profits, and market valuation than their less digitally mature competitors. While digital maturity varies by industry, the research finds it provides benefits across all industries.
This document provides an overview of Experion, a digital transformation company that has been innovating with technologies like IoT, ML, analytics and more for over a decade. It summarizes Experion's services in product engineering, enterprise solutions, and digital transformation. Key products mentioned are FieldMax for retail/FMCG and xPort for port operations. The document also highlights some of Experion's customer success stories and global offices/partners.
Your Big Idea: Creating Products for B2B DisruptionDialexa
Success in the digital age is about creating a bigger value chain for your existing business by modifying and adapting business models accordingly. Let’s find out how to make this B2B disruption happen the next time you have a big idea.
Full write-up: https://by.dialexa.com/your-b2b-disruption-digital-product-idea
The document discusses how digital technologies can enable retailers to drive growth, enhance customer experience, and address changes in consumer shopping habits. It outlines several digital outcomes retailers can achieve, including customer centricity, margin improvement and revenue growth, cost reduction, and security and protection. It then provides examples of how Dell Technologies has helped retailers leverage specific digital solutions like smart analytics, smart applications, lean innovation, virtual reality, robotics, and an agile workforce to realize these outcomes.
Mobile Programming LLC is focused on simplifying customer experiences through compulsive innovation and delightful user experiences. As digital transformation becomes essential for business success, companies must infuse their business with technology. Mobile Programming LLC helps clients with this transformation by keeping the design process at the heart of product development and delivering multiple design iterations to provide the best user experience possible. This allows them to stay ahead of competition and respond quickly to market trends.
Emerging Technologies: The Power to Future Ready BusinessCygnet Infotech
With the rapid pace of change, businesses are widely adopting emerging technologies to sense new innovations. Continuous change and disruption are the norm now, rather than exception in the businesses. These indexes will accelerate in the future with increase in adoption of emerging technologies. Go through the presentation to know more.
Acid Tango is a digital product development studio based in Madrid that helps startups, corporations, and venture builders innovate and build digital products. Since 2009, they have developed technological solutions for large businesses across various industries, including automotive fleet tracking, RFID ticketing platforms, and human resources databases. Acid Tango takes a personalized approach to each project, thoroughly understanding problems and designing scalable and user-centered solutions.
The 7 Traits of Successful Digital BusinessesStradablog
The document discusses seven traits of successful digital enterprises as identified by studying dozens of digital transformation successes. The seven traits are: 1) being unreasonably aspirational, 2) acquiring capabilities, 3) "ring fencing" and cultivating digital talent, 4) challenging everything, 5) being quick and data-driven, 6) following the money by focusing investments on areas that create the most value, and 7) being obsessed with improving the customer experience. The document provides examples for each trait and argues that to truly transform digitally, companies must excel at all seven traits.
The digital advantage how digital leaders out perform their peers in every in...PlatformE2E
The document discusses how digital leaders outperform their peers across industries. It finds that companies with higher "digital maturity" through investment in digital technologies and transformation management capabilities have significantly higher financial performance. Digital maturity has two dimensions: digital intensity focusing on technology initiatives, and transformation management intensity involving vision, governance, and culture change. Companies that score highly on both dimensions, called "Digirati", generate more revenue, profits, and market valuation than their less digitally mature competitors. While digital maturity varies by industry, the research finds it provides benefits across all industries.
This document provides an overview of Experion, a digital transformation company that has been innovating with technologies like IoT, ML, analytics and more for over a decade. It summarizes Experion's services in product engineering, enterprise solutions, and digital transformation. Key products mentioned are FieldMax for retail/FMCG and xPort for port operations. The document also highlights some of Experion's customer success stories and global offices/partners.
Your Big Idea: Creating Products for B2B DisruptionDialexa
Success in the digital age is about creating a bigger value chain for your existing business by modifying and adapting business models accordingly. Let’s find out how to make this B2B disruption happen the next time you have a big idea.
Full write-up: https://by.dialexa.com/your-b2b-disruption-digital-product-idea
The document discusses how digital technologies can enable retailers to drive growth, enhance customer experience, and address changes in consumer shopping habits. It outlines several digital outcomes retailers can achieve, including customer centricity, margin improvement and revenue growth, cost reduction, and security and protection. It then provides examples of how Dell Technologies has helped retailers leverage specific digital solutions like smart analytics, smart applications, lean innovation, virtual reality, robotics, and an agile workforce to realize these outcomes.
Mobile Programming LLC is focused on simplifying customer experiences through compulsive innovation and delightful user experiences. As digital transformation becomes essential for business success, companies must infuse their business with technology. Mobile Programming LLC helps clients with this transformation by keeping the design process at the heart of product development and delivering multiple design iterations to provide the best user experience possible. This allows them to stay ahead of competition and respond quickly to market trends.
Emerging Technologies: The Power to Future Ready BusinessCygnet Infotech
With the rapid pace of change, businesses are widely adopting emerging technologies to sense new innovations. Continuous change and disruption are the norm now, rather than exception in the businesses. These indexes will accelerate in the future with increase in adoption of emerging technologies. Go through the presentation to know more.
Acid Tango is a digital product development studio based in Madrid that helps startups, corporations, and venture builders innovate and build digital products. Since 2009, they have developed technological solutions for large businesses across various industries, including automotive fleet tracking, RFID ticketing platforms, and human resources databases. Acid Tango takes a personalized approach to each project, thoroughly understanding problems and designing scalable and user-centered solutions.
This document discusses the concept of a digital enterprise and how major IT service providers are developing digital enterprise solutions and practices. It provides examples of digital transformations at companies like Burberry and a small business called Kavani Sarees. Specifically:
- It defines a digital enterprise as having seamless interconnectedness between processes and people enabled by technology.
- It outlines the digital enterprise solution practices that major IT service providers like TCS, Capgemini, Accenture, Deloitte, Tech Mahindra, Wipro, and Dell have established.
- It discusses how digital transformation involves both reducing costs through technology and creating new revenue streams, using Burberry and Kavani Sarees as
Acid Tango is a digital product development studio based in Madrid that helps startups, corporations, and venture builders innovate and build digital products. They use user-centered design and agile development processes to build interactive experiences and complex information systems. Their case studies describe projects including an RFID wristband ticketing platform, an automotive e-commerce platform, a mobility data platform for automotive businesses, and a large human resources management system in Spain.
Digital Transformation of the Connected Product EconomyEdgeIQ
Digital transformation is necessary for connected product companies to survive in today's world. A new technology stack is required that includes device lifecycle management, data orchestration, and service orchestration to manage the complex ecosystem of billions of connected devices, petabytes of daily data, applications, and customers. This new stack provides the foundation for companies to embrace digital transformation and retain market share by reducing costs, gaining new revenue streams, and changing business models.
The document discusses how initial Internet of Things (IoT) pilots are demonstrating transformative potential across industries. Examples are provided of IoT projects aimed at improving operational efficiency through remote monitoring of beverage vending machines, oilfield pumps, and restaurant fryers. Other initiatives explore enhancing customer experiences through personalized beverage dispensers and remote patient monitoring. The document advocates starting with "smart process" refinements or "smart product" opportunities to prove IoT concepts and generate insights before attempting large-scale implementations. Standards development is still immature but several industry consortia are working to introduce connectivity frameworks.
The document discusses digital maturity and how some companies have achieved a "digital advantage" over their competitors. It defines two dimensions of digital maturity - digital intensity involving technology initiatives, and transformation management intensity involving leadership capabilities. Companies that score high on both dimensions are "Digirati" - they continuously advance their digital capabilities through coordinated initiatives and strategic vision. The document provides examples of Codelco, a mining company that automated operations for improved efficiency, and Burberry, a luxury brand that leveraged digital for enriched customer experiences and unified operations.
The digital advantage:how digital leaders outperform their peers in every ind...Paula Calvo Lopez
Digital leaders outperform peers in every industry through digital maturity. Digital maturity has two dimensions - digital intensity involving technology initiatives, and transformation management intensity involving vision, governance, and skills. Companies that are mature in both dimensions, called "Digirati", significantly outperform less digitally mature competitors in financial measures. While every industry can benefit from digital maturity, some like high tech, banking and retail already have higher levels, while others like manufacturing and utilities have more to progress. Companies that drive digital transformation through both investment and leadership capabilities reap substantial financial advantages.
Excellent report by Capgemini Consulting about digital transformation… If you still believe digital is about banners and online advertising, pay a look to this report.
Realising Digital’s Full Potential in the Value ChainCognizant
When we spoke with executives across Europe who lead digitising efforts, they described a diverse range of deployments, but digital can, and must, deliver far more than it has so far. In this ebook, we explore how businesses can explore digital's full potential across their value chain.
This document provides an overview of a mobile technology company's services. It highlights the company's experience developing over 1000 mobile apps, including many in top charts. The company works with large enterprises and startups to fulfill their technology needs. It has experienced teams that deliver high-quality software on schedule and within budget. Services include mobile strategy, UX/design, engineering, scalability, and work in areas like enterprise applications, retail, and other mobile apps. Examples are given of projects developed for clients in fields like property management, workforce management, e-commerce, and content delivery.
Chet Kapoor's opening keynote address at I Love APIs London 2016. Like the three industrial revolutions before it, the fourth brings technology advances and culture change as people adapt to live and work in new ways. The promise is huge and the need to move fast and adapt quickly to change is paramount.
Customize Transformation For A Personalized ExperienceLCDF
Shifting to a Customer-centric
Business Model :-
Many businesses already see the writing on the wall: Only 8 percent of companies
say their current business model will remain economically viable if their industry
keeps digitizing at its current course and speed.2 But to become a modern digital
business, you must go beyond just digitizing old business models and instead use
technology to align your people, processes, and technology around entirely new ways
of serving customers.
By placing the customer at the center of everything you do, you can create products,
services, and experiences that are more valuable to your buyer, allowing you to stand
out in an increasingly commoditized world, drive more profit, and generate more
brand loyalty.
Technology is changing customer relations rapidly. You see that technology is becoming invisible, technology is creating new experiences for customers, technology is democratizing the world and technology is making customer relations more transparant than ever. These evolutions have a big impact on doing business. In this presentation, I give guidelines for your customer strategy in the day after tomorrow. How to create a future proof customer strategy? It is build on 5 pillars: mobile first, data expertise, platform thinking, boundless experiences and customer collaboration.
Digital Enterprise Architecture: Four Elements Critical to Solution EnvisioningCognizant
For the digital enterprise, architecture of all varieties must evolve strategically in step with technological capabilities and business imperatives. Such a multidimensional approach includes automation, AI, analytics, big data management and digitization as a holistic phenomenon.
The document discusses how various departments within a smart corporation are implementing and using the Internet of Things (IoT). Manufacturing uses sensors to monitor plant conditions in real-time and predict equipment maintenance needs. Finance leverages IoT to reduce costs through improved visibility and energy usage data. Marketing accesses new customer data and behaviors from connected products to personalize messaging and offers.
S P R I N G 2 0 1 7I S S U EFredrik SvahnLars Mathias.docxjeffsrosalyn
S P R I N G 2 0 1 7
I S S U E
Fredrik Svahn
Lars Mathiassen
Rikard Lindgren
Gerald C. Kane
Mastering the
Digital Innovation
Challenge
Bringing digital innovation to an established company such as
Volvo Cars requires carefully balancing new capabilities and
core competencies.
Vol. 58, No. 3 Reprint #58315 http://mitsmr.com/2naB60A
http://mitsmr.com/2naB60A
14 MIT SLOAN MANAGEMENT REVIEW SPRING 2017 PLEASE NOTE THAT GRAY AREAS REFLECT ARTWORK THAT HAS BEEN INTENTIONALLY REMOVED.
THE SUBSTANTIVE CONTENT OF THE ARTICLE APPEARS AS ORIGINALLY PUBLISHED.
F R O N T I E R S
[INNOVATION]
Mastering the Digital
Innovation Challenge
Bringing digital innovation to an
established company such as Volvo Cars
requires carefully balancing new
capabilities and core competencies.
BY FREDRIK SVAHN, LARS MATHIASSEN, RIKARD LINDGREN,
AND GERALD C. KANE
I
n 2010, a small group of managers at the automaker Volvo Car
Corp. assembled to craft a vision for the future involving wire-
lessly connected cars. They recognized that the company
needed to renew its innovation capability to compete more effec-
tively in an increasingly digital environment. Doing so, of course,
was easier said than done. One problem was that many managers
didn’t see a need to innovate digitally. Volvo Cars was a car man-
ufacturer, after all, and not a digital business. Others saw the need
to engage in digital innovation, but they couldn’t get their head
around how to do so. How could they convince their colleagues,
when they didn’t necessarily have a clear vision of what the inno-
vation outcome would be and the process itself appeared to be
ambiguous? At the same time, Volvo Cars’ automotive business
was strong, raising additional concerns about how to innovate
digitally while maintaining core competencies.
Many incumbent businesses share similar questions to those
Volvo Cars faced in 2010. A recent report by MIT Sloan Manage-
ment Review and Deloitte found that nearly 90% of managers
surveyed report that their industry is likely to be disrupted by
digital technologies, yet less than half report that their company
is doing enough to prepare for this disruption. Our four-year re-
search project at Volvo Cars offers insights into a challenge that
established companies must master — and competing concerns
that they must balance — as they pursue digital innovations.
(Detailed findings from our research were published in the March
2017 issue of the journal MIS Quarterly. See “Related Research.”)
Working on a strategy for connected cars, the executive team
of Volvo Cars outlined a vision that would allow certain digital
aspects of the car to be updated after the car was manufactured
and sold. New digital technology would enhance users’ experi-
ence and enable new revenue streams. By rethinking traditional
automotive product development cycles, car connectivity could
increase the pace of change. It would also allow.
S P R I N G 2 0 1 7I S S U EFredrik SvahnLars Mathias.docxrtodd599
S P R I N G 2 0 1 7
I S S U E
Fredrik Svahn
Lars Mathiassen
Rikard Lindgren
Gerald C. Kane
Mastering the
Digital Innovation
Challenge
Bringing digital innovation to an established company such as
Volvo Cars requires carefully balancing new capabilities and
core competencies.
Vol. 58, No. 3 Reprint #58315 http://mitsmr.com/2naB60A
http://mitsmr.com/2naB60A
14 MIT SLOAN MANAGEMENT REVIEW SPRING 2017 PLEASE NOTE THAT GRAY AREAS REFLECT ARTWORK THAT HAS BEEN INTENTIONALLY REMOVED.
THE SUBSTANTIVE CONTENT OF THE ARTICLE APPEARS AS ORIGINALLY PUBLISHED.
F R O N T I E R S
[INNOVATION]
Mastering the Digital
Innovation Challenge
Bringing digital innovation to an
established company such as Volvo Cars
requires carefully balancing new
capabilities and core competencies.
BY FREDRIK SVAHN, LARS MATHIASSEN, RIKARD LINDGREN,
AND GERALD C. KANE
I
n 2010, a small group of managers at the automaker Volvo Car
Corp. assembled to craft a vision for the future involving wire-
lessly connected cars. They recognized that the company
needed to renew its innovation capability to compete more effec-
tively in an increasingly digital environment. Doing so, of course,
was easier said than done. One problem was that many managers
didn’t see a need to innovate digitally. Volvo Cars was a car man-
ufacturer, after all, and not a digital business. Others saw the need
to engage in digital innovation, but they couldn’t get their head
around how to do so. How could they convince their colleagues,
when they didn’t necessarily have a clear vision of what the inno-
vation outcome would be and the process itself appeared to be
ambiguous? At the same time, Volvo Cars’ automotive business
was strong, raising additional concerns about how to innovate
digitally while maintaining core competencies.
Many incumbent businesses share similar questions to those
Volvo Cars faced in 2010. A recent report by MIT Sloan Manage-
ment Review and Deloitte found that nearly 90% of managers
surveyed report that their industry is likely to be disrupted by
digital technologies, yet less than half report that their company
is doing enough to prepare for this disruption. Our four-year re-
search project at Volvo Cars offers insights into a challenge that
established companies must master — and competing concerns
that they must balance — as they pursue digital innovations.
(Detailed findings from our research were published in the March
2017 issue of the journal MIS Quarterly. See “Related Research.”)
Working on a strategy for connected cars, the executive team
of Volvo Cars outlined a vision that would allow certain digital
aspects of the car to be updated after the car was manufactured
and sold. New digital technology would enhance users’ experi-
ence and enable new revenue streams. By rethinking traditional
automotive product development cycles, car connectivity could
increase the pace of change. It would also allow.
4 steps to creating a mobile development strategy - White Paper - AppceleratorRomain Fonnier
This 4-page document outlines a 4-step process for creating a mobile strategy:
1) Decide how to interact with mobile customers whether through informative, engaging, or transformative apps.
2) Prioritize platform development starting with iPhone and expanding to other platforms like Android or Blackberry.
3) Evaluate using internal web developers with JavaScript skills to create native mobile apps instead of outsourcing.
4) Choose a scalable development technology like Titanium that allows building native apps across platforms from a single codebase and leveraging existing web development investments.
Net Solutions Enterprise Mobility BrochureNet Solutions
The document discusses the increasing importance of enterprise mobility. It notes that the number of mobile workers is growing rapidly and mobile devices are becoming a key channel for customer interactions. As a result, businesses need to implement enterprise-wide mobility strategies to increase productivity, improve customer engagement and meet rising mobility needs. The company described, Net Solutions, provides end-to-end enterprise mobility consulting, development, management and support services to help companies build mobile enterprises.
Exploring the MBA in Innovation A Path to SuccessPankaj Deshpande
MBA in Innovation is a program designed to help individuals perform an essential job function and bring fresh and revolutionary ideas to the table.
For more details, visit: https://mitidinnovation.com/recreation/mba-in-innovation-is-it-a-wise-choice/
How a Design Thinking Course Can Benefit Working ProfessionalsPankaj Deshpande
Learn how a design thinking course can empower working professionals with problem-solving skills, innovation, and creativity. Start your journey today!
For more details, visit: https://mitidinnovation.com/recreation/exploring-the-benefits-of-taking-a-design-thinking-course-for-working-professionals/
More Related Content
Similar to Digital Innovation Examples - MIT ID Innovation
This document discusses the concept of a digital enterprise and how major IT service providers are developing digital enterprise solutions and practices. It provides examples of digital transformations at companies like Burberry and a small business called Kavani Sarees. Specifically:
- It defines a digital enterprise as having seamless interconnectedness between processes and people enabled by technology.
- It outlines the digital enterprise solution practices that major IT service providers like TCS, Capgemini, Accenture, Deloitte, Tech Mahindra, Wipro, and Dell have established.
- It discusses how digital transformation involves both reducing costs through technology and creating new revenue streams, using Burberry and Kavani Sarees as
Acid Tango is a digital product development studio based in Madrid that helps startups, corporations, and venture builders innovate and build digital products. They use user-centered design and agile development processes to build interactive experiences and complex information systems. Their case studies describe projects including an RFID wristband ticketing platform, an automotive e-commerce platform, a mobility data platform for automotive businesses, and a large human resources management system in Spain.
Digital Transformation of the Connected Product EconomyEdgeIQ
Digital transformation is necessary for connected product companies to survive in today's world. A new technology stack is required that includes device lifecycle management, data orchestration, and service orchestration to manage the complex ecosystem of billions of connected devices, petabytes of daily data, applications, and customers. This new stack provides the foundation for companies to embrace digital transformation and retain market share by reducing costs, gaining new revenue streams, and changing business models.
The document discusses how initial Internet of Things (IoT) pilots are demonstrating transformative potential across industries. Examples are provided of IoT projects aimed at improving operational efficiency through remote monitoring of beverage vending machines, oilfield pumps, and restaurant fryers. Other initiatives explore enhancing customer experiences through personalized beverage dispensers and remote patient monitoring. The document advocates starting with "smart process" refinements or "smart product" opportunities to prove IoT concepts and generate insights before attempting large-scale implementations. Standards development is still immature but several industry consortia are working to introduce connectivity frameworks.
The document discusses digital maturity and how some companies have achieved a "digital advantage" over their competitors. It defines two dimensions of digital maturity - digital intensity involving technology initiatives, and transformation management intensity involving leadership capabilities. Companies that score high on both dimensions are "Digirati" - they continuously advance their digital capabilities through coordinated initiatives and strategic vision. The document provides examples of Codelco, a mining company that automated operations for improved efficiency, and Burberry, a luxury brand that leveraged digital for enriched customer experiences and unified operations.
The digital advantage:how digital leaders outperform their peers in every ind...Paula Calvo Lopez
Digital leaders outperform peers in every industry through digital maturity. Digital maturity has two dimensions - digital intensity involving technology initiatives, and transformation management intensity involving vision, governance, and skills. Companies that are mature in both dimensions, called "Digirati", significantly outperform less digitally mature competitors in financial measures. While every industry can benefit from digital maturity, some like high tech, banking and retail already have higher levels, while others like manufacturing and utilities have more to progress. Companies that drive digital transformation through both investment and leadership capabilities reap substantial financial advantages.
Excellent report by Capgemini Consulting about digital transformation… If you still believe digital is about banners and online advertising, pay a look to this report.
Realising Digital’s Full Potential in the Value ChainCognizant
When we spoke with executives across Europe who lead digitising efforts, they described a diverse range of deployments, but digital can, and must, deliver far more than it has so far. In this ebook, we explore how businesses can explore digital's full potential across their value chain.
This document provides an overview of a mobile technology company's services. It highlights the company's experience developing over 1000 mobile apps, including many in top charts. The company works with large enterprises and startups to fulfill their technology needs. It has experienced teams that deliver high-quality software on schedule and within budget. Services include mobile strategy, UX/design, engineering, scalability, and work in areas like enterprise applications, retail, and other mobile apps. Examples are given of projects developed for clients in fields like property management, workforce management, e-commerce, and content delivery.
Chet Kapoor's opening keynote address at I Love APIs London 2016. Like the three industrial revolutions before it, the fourth brings technology advances and culture change as people adapt to live and work in new ways. The promise is huge and the need to move fast and adapt quickly to change is paramount.
Customize Transformation For A Personalized ExperienceLCDF
Shifting to a Customer-centric
Business Model :-
Many businesses already see the writing on the wall: Only 8 percent of companies
say their current business model will remain economically viable if their industry
keeps digitizing at its current course and speed.2 But to become a modern digital
business, you must go beyond just digitizing old business models and instead use
technology to align your people, processes, and technology around entirely new ways
of serving customers.
By placing the customer at the center of everything you do, you can create products,
services, and experiences that are more valuable to your buyer, allowing you to stand
out in an increasingly commoditized world, drive more profit, and generate more
brand loyalty.
Technology is changing customer relations rapidly. You see that technology is becoming invisible, technology is creating new experiences for customers, technology is democratizing the world and technology is making customer relations more transparant than ever. These evolutions have a big impact on doing business. In this presentation, I give guidelines for your customer strategy in the day after tomorrow. How to create a future proof customer strategy? It is build on 5 pillars: mobile first, data expertise, platform thinking, boundless experiences and customer collaboration.
Digital Enterprise Architecture: Four Elements Critical to Solution EnvisioningCognizant
For the digital enterprise, architecture of all varieties must evolve strategically in step with technological capabilities and business imperatives. Such a multidimensional approach includes automation, AI, analytics, big data management and digitization as a holistic phenomenon.
The document discusses how various departments within a smart corporation are implementing and using the Internet of Things (IoT). Manufacturing uses sensors to monitor plant conditions in real-time and predict equipment maintenance needs. Finance leverages IoT to reduce costs through improved visibility and energy usage data. Marketing accesses new customer data and behaviors from connected products to personalize messaging and offers.
S P R I N G 2 0 1 7I S S U EFredrik SvahnLars Mathias.docxjeffsrosalyn
S P R I N G 2 0 1 7
I S S U E
Fredrik Svahn
Lars Mathiassen
Rikard Lindgren
Gerald C. Kane
Mastering the
Digital Innovation
Challenge
Bringing digital innovation to an established company such as
Volvo Cars requires carefully balancing new capabilities and
core competencies.
Vol. 58, No. 3 Reprint #58315 http://mitsmr.com/2naB60A
http://mitsmr.com/2naB60A
14 MIT SLOAN MANAGEMENT REVIEW SPRING 2017 PLEASE NOTE THAT GRAY AREAS REFLECT ARTWORK THAT HAS BEEN INTENTIONALLY REMOVED.
THE SUBSTANTIVE CONTENT OF THE ARTICLE APPEARS AS ORIGINALLY PUBLISHED.
F R O N T I E R S
[INNOVATION]
Mastering the Digital
Innovation Challenge
Bringing digital innovation to an
established company such as Volvo Cars
requires carefully balancing new
capabilities and core competencies.
BY FREDRIK SVAHN, LARS MATHIASSEN, RIKARD LINDGREN,
AND GERALD C. KANE
I
n 2010, a small group of managers at the automaker Volvo Car
Corp. assembled to craft a vision for the future involving wire-
lessly connected cars. They recognized that the company
needed to renew its innovation capability to compete more effec-
tively in an increasingly digital environment. Doing so, of course,
was easier said than done. One problem was that many managers
didn’t see a need to innovate digitally. Volvo Cars was a car man-
ufacturer, after all, and not a digital business. Others saw the need
to engage in digital innovation, but they couldn’t get their head
around how to do so. How could they convince their colleagues,
when they didn’t necessarily have a clear vision of what the inno-
vation outcome would be and the process itself appeared to be
ambiguous? At the same time, Volvo Cars’ automotive business
was strong, raising additional concerns about how to innovate
digitally while maintaining core competencies.
Many incumbent businesses share similar questions to those
Volvo Cars faced in 2010. A recent report by MIT Sloan Manage-
ment Review and Deloitte found that nearly 90% of managers
surveyed report that their industry is likely to be disrupted by
digital technologies, yet less than half report that their company
is doing enough to prepare for this disruption. Our four-year re-
search project at Volvo Cars offers insights into a challenge that
established companies must master — and competing concerns
that they must balance — as they pursue digital innovations.
(Detailed findings from our research were published in the March
2017 issue of the journal MIS Quarterly. See “Related Research.”)
Working on a strategy for connected cars, the executive team
of Volvo Cars outlined a vision that would allow certain digital
aspects of the car to be updated after the car was manufactured
and sold. New digital technology would enhance users’ experi-
ence and enable new revenue streams. By rethinking traditional
automotive product development cycles, car connectivity could
increase the pace of change. It would also allow.
S P R I N G 2 0 1 7I S S U EFredrik SvahnLars Mathias.docxrtodd599
S P R I N G 2 0 1 7
I S S U E
Fredrik Svahn
Lars Mathiassen
Rikard Lindgren
Gerald C. Kane
Mastering the
Digital Innovation
Challenge
Bringing digital innovation to an established company such as
Volvo Cars requires carefully balancing new capabilities and
core competencies.
Vol. 58, No. 3 Reprint #58315 http://mitsmr.com/2naB60A
http://mitsmr.com/2naB60A
14 MIT SLOAN MANAGEMENT REVIEW SPRING 2017 PLEASE NOTE THAT GRAY AREAS REFLECT ARTWORK THAT HAS BEEN INTENTIONALLY REMOVED.
THE SUBSTANTIVE CONTENT OF THE ARTICLE APPEARS AS ORIGINALLY PUBLISHED.
F R O N T I E R S
[INNOVATION]
Mastering the Digital
Innovation Challenge
Bringing digital innovation to an
established company such as Volvo Cars
requires carefully balancing new
capabilities and core competencies.
BY FREDRIK SVAHN, LARS MATHIASSEN, RIKARD LINDGREN,
AND GERALD C. KANE
I
n 2010, a small group of managers at the automaker Volvo Car
Corp. assembled to craft a vision for the future involving wire-
lessly connected cars. They recognized that the company
needed to renew its innovation capability to compete more effec-
tively in an increasingly digital environment. Doing so, of course,
was easier said than done. One problem was that many managers
didn’t see a need to innovate digitally. Volvo Cars was a car man-
ufacturer, after all, and not a digital business. Others saw the need
to engage in digital innovation, but they couldn’t get their head
around how to do so. How could they convince their colleagues,
when they didn’t necessarily have a clear vision of what the inno-
vation outcome would be and the process itself appeared to be
ambiguous? At the same time, Volvo Cars’ automotive business
was strong, raising additional concerns about how to innovate
digitally while maintaining core competencies.
Many incumbent businesses share similar questions to those
Volvo Cars faced in 2010. A recent report by MIT Sloan Manage-
ment Review and Deloitte found that nearly 90% of managers
surveyed report that their industry is likely to be disrupted by
digital technologies, yet less than half report that their company
is doing enough to prepare for this disruption. Our four-year re-
search project at Volvo Cars offers insights into a challenge that
established companies must master — and competing concerns
that they must balance — as they pursue digital innovations.
(Detailed findings from our research were published in the March
2017 issue of the journal MIS Quarterly. See “Related Research.”)
Working on a strategy for connected cars, the executive team
of Volvo Cars outlined a vision that would allow certain digital
aspects of the car to be updated after the car was manufactured
and sold. New digital technology would enhance users’ experi-
ence and enable new revenue streams. By rethinking traditional
automotive product development cycles, car connectivity could
increase the pace of change. It would also allow.
4 steps to creating a mobile development strategy - White Paper - AppceleratorRomain Fonnier
This 4-page document outlines a 4-step process for creating a mobile strategy:
1) Decide how to interact with mobile customers whether through informative, engaging, or transformative apps.
2) Prioritize platform development starting with iPhone and expanding to other platforms like Android or Blackberry.
3) Evaluate using internal web developers with JavaScript skills to create native mobile apps instead of outsourcing.
4) Choose a scalable development technology like Titanium that allows building native apps across platforms from a single codebase and leveraging existing web development investments.
Net Solutions Enterprise Mobility BrochureNet Solutions
The document discusses the increasing importance of enterprise mobility. It notes that the number of mobile workers is growing rapidly and mobile devices are becoming a key channel for customer interactions. As a result, businesses need to implement enterprise-wide mobility strategies to increase productivity, improve customer engagement and meet rising mobility needs. The company described, Net Solutions, provides end-to-end enterprise mobility consulting, development, management and support services to help companies build mobile enterprises.
Exploring the MBA in Innovation A Path to SuccessPankaj Deshpande
MBA in Innovation is a program designed to help individuals perform an essential job function and bring fresh and revolutionary ideas to the table.
For more details, visit: https://mitidinnovation.com/recreation/mba-in-innovation-is-it-a-wise-choice/
How a Design Thinking Course Can Benefit Working ProfessionalsPankaj Deshpande
Learn how a design thinking course can empower working professionals with problem-solving skills, innovation, and creativity. Start your journey today!
For more details, visit: https://mitidinnovation.com/recreation/exploring-the-benefits-of-taking-a-design-thinking-course-for-working-professionals/
Tips for Successfully Balancing Work and Study for PG Diploma in Innovation C...Pankaj Deshpande
Juggling work and study for a PG diploma in Innovation? Check out these tips to help you succeed. Learn how to manage your time and stay motivated.
For more details, visit : https://mitidinnovation.com/recreation/tips-for-successfully-balancing-work-and-study-for-pg-diploma-in-innovation-course/
Want to know about System Innovation? This blog will help you with system innovation and its journey of transformation.
To know more details, visit : https://mitidinnovation.com/recreation/introduction-to-system-innovation-a-journey-of-transformation/
Entrepreneurship and Innovation - MIT ID InnovationPankaj Deshpande
Entrepreneurship and Innovation will allow curious young minds to explore their ideas and open opportunities for them. Know more.
To know more details, visit : https://mitidinnovation.com/recreation/introduction-to-innovation-and-entrepreneurship/
Design Thinking Fundamentals - MIT ID InnovationPankaj Deshpande
Let's look at the design thinking fundamentals, that will help you gain clarity about multiple aspects, helping you facilitate more effective innovations.
For more details, visit : https://mitidinnovation.com/recreation/explaining-design-thinking-fundamentals/
Innovation Leadership Courses - MIT ID InnovationPankaj Deshpande
Want to learn Innovation? Then enroll yourself for Innovation Leadership Courses that are carefully crafted for businesses, their leaders, entrepreneurs, etc. Join Now.
To know more details, visit : https://mitidinnovation.com/recreation/the-modern-rules-of-innovation-leadership-courses/
Disruptive Digital is an innovation that occurs when new technologies and digital systems affect or alter an enterprise's business model.
To know more details, visit : https://mitidinnovation.com/recreation/what-is-disruptive-digital/
Digital Innovation in Healthcare - MIT ID InnovationPankaj Deshpande
Want to know the benefits of digital innovation in healthcare? Have a look. MIT ID innovation works on pioneering creative and experimental techniques that help designers become better doers.
To know more details, visit : https://mitidinnovation.com/recreation/digital-innovation-in-healthcare/
Here are some Social Innovation Ideas that help in a country's economic and social growth.
To know more details, visit : https://mitidinnovation.com/recreation/how-do-social-innovation-ideas-impact-the-world/
Entrepreneurial Design Thinking - MIT ID InnovationPankaj Deshpande
Design thinking is a non-linear, iterative cognitive process. Want to know about Entrepreneurial Design Thinking? Let's have a look in detail.
For more details, visit : https://mitidinnovation.com/recreation/a-guide-to-entrepreneurial-design-thinking/
Transformation and Innovation - MIT ID InnovationPankaj Deshpande
Let's discuss the difference between Transformation And Innovation in detail. Read a blog: https://mitidinnovation.com/recreation/difference-between-transformation-and-innovation/
Want to grow your business? Design thinking in business helps the organization grow vastly because it focuses on a human-centered approach.
For more details, visit : https://mitidinnovation.com/recreation/why-design-thinking-in-business-needs-a-rethink/
What is Innovation Management And Why Is It Important - MIT ID InnovationPankaj Deshpande
Innovation Management is one of the most effective digital innovation strategies. MIT ID Innovation offer the best Innovation Management Courses.
For more details, visit : https://mitidinnovation.com/recreation/what-is-innovation-management-and-why-is-it-important/
If you are a designer and want to learn UX Design Course in Pune, then enroll yourself and reserve your seat for MIT ID Innovation's UX Design Certification Course.
For more details, visit : https://mitidinnovation.com/recreation/ux-design-certification-at-mit-id-innovation/
How to Use Design Thinking In Education - MIT ID InnovationPankaj Deshpande
If you want to deep dive into design thinking, we recommend looking into MIT ID Innovation. Design thinking in education will let a student solve a problem individually.
For more details, visit : https://mitidinnovation.com/recreation/how-to-use-design-thinking-in-education/
Want to become a part of the evolutionary field of design? Then visit us. MIT ID Innovation offers Design Thinking Training and Courses in India for all design and transformation enthusiasts.
For more details, visit us at: https://mitidinnovation.com/recreation/design-thinking-training-at-mit-id-innovation/
Design Thinking Certification - MIT ID InnovationPankaj Deshpande
The document discusses design thinking certification courses offered by MIT Innovation Design. It explains that design thinking is a human-centered problem solving approach that focuses on understanding user needs. Companies that use design thinking see higher revenues and returns. The certification course covers concept development, creativity, prototyping and experimentation. Design thinking helps develop problem solving and boosts collaboration and innovation. It helps identify the right problems and creates roadmaps for the future. Companies are seeking design thinking skills for creativity and innovation.
Want to learn about user experience design? Then let's look at different Elements of User Experience Design.
For more details, visit : https://mitidinnovation.com/recreation/the-key-elements-of-user-experience-design/
Want to learn How to Use Creativity In Management Sector? Then enroll yourself at MIT ID Innovation. It is one of the leading institutes in India for Innovation related courses.
For more details, visit : https://mitidinnovation.com/recreation/how-to-use-creativity-in-the-management-sector/
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...NelTorrente
In this research, it concludes that while the readiness of teachers in Caloocan City to implement the MATATAG Curriculum is generally positive, targeted efforts in professional development, resource distribution, support networks, and comprehensive preparation can address the existing gaps and ensure successful curriculum implementation.
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
2. Implementation of digital technologies to
improve existing business activities and
organizational practices is known
as digital innovation. It involves
developing a technological strategy to
boost revenue and cut costs. In fact,
knowledge regarding digital innovation is
a must if you are doing any
business. Here are some digital
innovation examples for you to look into.
3. Porsche has extensive digital innovation in
all sections of its operation, taking in every
section and team member. One example is
Car Connect, which performs various
activities like analyzing direction-finding
services and real-time traffic information,
reading out news, and choosing music.
Multiple Innovation Examples
Set By Top Global Industries:
A Digital Initiative By Porsche
4. All these facilities are controlled via a
smartphone. The car manufacturer’s
digital innovation project is expanding
automation, i.e., a person can use
autopilot mode, and the car drives
itself.
5. Dominos upgraded from a few clicks
ordering strategy to voice recognition
technology. They focused on its digital
approach to allocating their customers to
place orders via Slack, Facebook
Messenger, Twitter, and Alexa. Digital
innovation in their app resulted in 75% of
their customer transactions via the digital
route.
Dominoes Mobile App and
Contactless Delivery
6. Disney purchased BAMTech to acquire
streaming technology instead of building
it. It spent $52.4 billion on resources from
21st Century Fox, together with some of
the most famous characters from Marvel
comics. This tactic allowed them to
connect with viewers directly. Disney is
planning to exceed its revenue with its
new Disney+ streaming service.
Disney + OTT Platform
7. The Walmart mobile app has combined
features of e-commerce with traditional
retail. It allows shoppers to gain the costs
on their shopping lists ahead of time and
then channel them to items on their list
once they get into the store. It has also
started leveraging machines for everyday
and accounting tasks such as cleaning and
identifying out-of-stock inventory.
Digital Innovation Brought by
Walmart
8. Rockwell Automation is a worldwide leader
in the mechanization industry. Recently,
they have applied the doctrine of digital
innovation to the expansion of ‘The
Connected Enterprise’. This policy aims to
bring people, technology, and systems
closer to combine the digital and physical
worlds.
Rockwell Connects Enterprise and
Experience With Automation
9. The Swedish retail IKEA has been at the
head digitally. Its online catalogs, home
planners, digital product design, and virtual
reality show cubicle have earned
acknowledgment. IKEA found a chance for
product assembly and partnered with
TaskRabbit. TaskRabbit is an online
marketplace that helps you to find freelance
laborers near you to get immediate help for
cleaning.
IKEA Partnered With Task Rabbit
For Product Assembly
10. So, the collaboration of IKEA and
TaskRabbit together will help the buyers
to get products assembled in their
houses. IKEA has also updated its site so
users can check the availability of the
TaskRabbit At-Home Assembly service.
These are the different Digital
Innovation Examples.
11. Many companies made it mandatory for
employees to have courses in
innovation. Industries believe that staff
with knowledge of innovation have more
chances to take the company to great
heights. In fact, experience in similar
courses increases the probability of
getting employment. MIT ID Innovation is
delivering a set of courses for learners to
access knowledge and increase their
potential.
12. MIT ID Innovation Programme curates
knowledge and experiences that
challenge the very paradigm of evolution.
And that's why we have set out to define
the future of industries, communities,
cities and ecosystems. MIT ID Innovation
offers the best Innovation Courses in
Pune.
Conclusion
13. We’d love to
hear
from you.
MIT INSTITUTE OF DESIGN
Rajbaug,, Loni-Kalbhor, Pune-412201
innovation@mitid.edu.in
+91-7038982225 / +91 9834092369