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Future Trends Innovation Briefing February 2011 http://www.flickr.com/photos/mojodenbowsphotostudio/
Please note: Sample presentation only, please download the full presentation from: http://econsultancy.com/reports/future-trends-innovation-briefing
neilperkin.typepad.com @neilperkin
What I’m going to talk to you about today New and interesting digital models, ideas New processes, techniques and ways of working Ideas that are not new, but which are being applied in new ways  	…and are informed by a close understanding of consumer needs
Opportunity often sits at the confluence of two or more trends Social Data Gaming Mobile Content Utility Agile working http://www.flickr.com/photos/8340753@N04/501465437/
WHAT IS INNOVATION? http://www.flickr.com/photos/fabiano/
…originating ideas INVENTION INNOVATION DIFFUSION …commercialisation of  ideas …spread, adoption, imitation http://www.noahbrier.com/archives/2010/04/thinking_about_innovation.php
2011 will be about putting all the thinking into action “2011 will be somewhat less about talk and more about action. We should know by now what we need to be doing, the challenge is about execution. And that’s about good old fashioned things like people, process and technology.” Ashley Friedlein http://www.oneeyeland.com/member/member_home.php?pgrid=3&imgid=270
2011 will be about true innovation: the commercialisation of principles or ideas 'arranging the economic requirements for implementing an invention’ http://www.noahbrier.com/archives/2010/04/thinking_about_innovation.php http://www.flickr.com/photos/thomashawk/
But  focus on ‘doing’ doesn’t mean we shouldn’t pause to reflect… “The steeper the curve of change, the more we need a little time to digest; work out what's a fad versus what's really interesting.” Mel Exon, BBH Labs http://www.flickr.com/photos/publicdesigncenter/ http://bbh-labs.com/think-while-you-make-make-while-you-think
But there is an inherent recognition of the importance of innovation ,[object Object]
 8 out of 10 CEOs saw significant change ahead, and yet the gap between the expected level of change and the ability to manage it had almost tripled since the previous study in 2006http://www-935.ibm.com/services/uk/gbs/html/ceostudy2008.html
It will be increasingly important for businesses to focus on ways to unlock innovation http://www.flickr.com/photos/62586822@N00/3852562268/
INNOVATION IN THE SOCIAL WEB We will get past the endless babble about social media platforms, and more  companies will begin embedding it into practices, strategies and workflows
Engagement with ‘social’ will increasingly be more than just comms… Gartner predicts that by 2016, social technologies will be integrated with most business applications bringing social CRM, internal communications and collaboration, and public social site initiatives into a coordinated strategy. http://mashable.com/2010/12/08/dell-social-listening-center/ http://www.gartner.com/it/page.jsp?id=1454221
Porous Enterprise - Chance favours the connected mind The Eureka Myth – the myth of the lone-creative genius with a spark of sudden inspiration Ideas take a long time to mature, sometimes laying dormant (in the form of 'partial hunches' or half-ideas) for years.  It is the collision of these half-ideas, whether our own or from others, that enables breakthroughs to happen. Rather than being a single thing, ideas are networks, or new configurations.
Porous Enterprise - Chance favours the connected mind The great driver of innovation has been the historic increase in connectivity between us that creates infinite possibilities for ideas to be swapped Agile enterprises that understand this create and enable spaces (physical and virtual) where ideas can mingle (in the way that coffee houses did in The Enlightenment)
Enterprises will become increasingly ‘porous’ Employees who increasingly recognise the value of being connected to the interesting ideas in their own and related markets Employers who encourage their employees to connect http://thisisindexed.com/
Porous Enterprise ,[object Object]
 Allows for innovation at the edges – non-core thinking
  Relationships seen as valuable assets
 Flow of ideas into and within organisations
 Companies less reliant on ‘stocks’ of knowledge, and more connected to ‘flows’ of knowledge,[object Object]
But content on the social web will continue to become ever more important…
campaignsite(s) corporatewebsite Spend will grow in earned and owned media initiatives faster than bought media radio mags newspapers online ads outdoor television THE NEW CONTENT ECOSYSTEM EARNED MEDIA First-person commentary and content about the brand posted and shared across a variety of venues “Social Media” outlets also support both Bought Media (e.g., ad banners, sem/ppc, etc.) and Owned Media (e.g., widgets, apps, etc.) productsite(s) ‘advertising’ OWNED MEDIA natural  search  campaigns All media directly owned by the brand. These destinations provide a platform to drive marketing messages and tools to create Earned Media affiliates video sharing social networks blogs forums personal pages BOUGHT MEDIA socialmedia community Typical corporate media spend Drives people to Owned Media email Brands taking an ever more significant, diverse and assured role as content producers
The web is inherently social Building platforms for longer-term, sustainable relationships with customers  Morgan Stanley Internet Trends Report 2010
“Communities already exist. Instead, think about how you can help that community do what it wants to do” Mark Zuckerberg

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Econsultancy Future Trends Briefing

  • 1. Future Trends Innovation Briefing February 2011 http://www.flickr.com/photos/mojodenbowsphotostudio/
  • 2. Please note: Sample presentation only, please download the full presentation from: http://econsultancy.com/reports/future-trends-innovation-briefing
  • 4. What I’m going to talk to you about today New and interesting digital models, ideas New processes, techniques and ways of working Ideas that are not new, but which are being applied in new ways …and are informed by a close understanding of consumer needs
  • 5. Opportunity often sits at the confluence of two or more trends Social Data Gaming Mobile Content Utility Agile working http://www.flickr.com/photos/8340753@N04/501465437/
  • 6. WHAT IS INNOVATION? http://www.flickr.com/photos/fabiano/
  • 7. …originating ideas INVENTION INNOVATION DIFFUSION …commercialisation of ideas …spread, adoption, imitation http://www.noahbrier.com/archives/2010/04/thinking_about_innovation.php
  • 8. 2011 will be about putting all the thinking into action “2011 will be somewhat less about talk and more about action. We should know by now what we need to be doing, the challenge is about execution. And that’s about good old fashioned things like people, process and technology.” Ashley Friedlein http://www.oneeyeland.com/member/member_home.php?pgrid=3&imgid=270
  • 9. 2011 will be about true innovation: the commercialisation of principles or ideas 'arranging the economic requirements for implementing an invention’ http://www.noahbrier.com/archives/2010/04/thinking_about_innovation.php http://www.flickr.com/photos/thomashawk/
  • 10. But focus on ‘doing’ doesn’t mean we shouldn’t pause to reflect… “The steeper the curve of change, the more we need a little time to digest; work out what's a fad versus what's really interesting.” Mel Exon, BBH Labs http://www.flickr.com/photos/publicdesigncenter/ http://bbh-labs.com/think-while-you-make-make-while-you-think
  • 11.
  • 12. 8 out of 10 CEOs saw significant change ahead, and yet the gap between the expected level of change and the ability to manage it had almost tripled since the previous study in 2006http://www-935.ibm.com/services/uk/gbs/html/ceostudy2008.html
  • 13. It will be increasingly important for businesses to focus on ways to unlock innovation http://www.flickr.com/photos/62586822@N00/3852562268/
  • 14. INNOVATION IN THE SOCIAL WEB We will get past the endless babble about social media platforms, and more companies will begin embedding it into practices, strategies and workflows
  • 15. Engagement with ‘social’ will increasingly be more than just comms… Gartner predicts that by 2016, social technologies will be integrated with most business applications bringing social CRM, internal communications and collaboration, and public social site initiatives into a coordinated strategy. http://mashable.com/2010/12/08/dell-social-listening-center/ http://www.gartner.com/it/page.jsp?id=1454221
  • 16. Porous Enterprise - Chance favours the connected mind The Eureka Myth – the myth of the lone-creative genius with a spark of sudden inspiration Ideas take a long time to mature, sometimes laying dormant (in the form of 'partial hunches' or half-ideas) for years. It is the collision of these half-ideas, whether our own or from others, that enables breakthroughs to happen. Rather than being a single thing, ideas are networks, or new configurations.
  • 17. Porous Enterprise - Chance favours the connected mind The great driver of innovation has been the historic increase in connectivity between us that creates infinite possibilities for ideas to be swapped Agile enterprises that understand this create and enable spaces (physical and virtual) where ideas can mingle (in the way that coffee houses did in The Enlightenment)
  • 18. Enterprises will become increasingly ‘porous’ Employees who increasingly recognise the value of being connected to the interesting ideas in their own and related markets Employers who encourage their employees to connect http://thisisindexed.com/
  • 19.
  • 20. Allows for innovation at the edges – non-core thinking
  • 21. Relationships seen as valuable assets
  • 22. Flow of ideas into and within organisations
  • 23.
  • 24. But content on the social web will continue to become ever more important…
  • 25. campaignsite(s) corporatewebsite Spend will grow in earned and owned media initiatives faster than bought media radio mags newspapers online ads outdoor television THE NEW CONTENT ECOSYSTEM EARNED MEDIA First-person commentary and content about the brand posted and shared across a variety of venues “Social Media” outlets also support both Bought Media (e.g., ad banners, sem/ppc, etc.) and Owned Media (e.g., widgets, apps, etc.) productsite(s) ‘advertising’ OWNED MEDIA natural search campaigns All media directly owned by the brand. These destinations provide a platform to drive marketing messages and tools to create Earned Media affiliates video sharing social networks blogs forums personal pages BOUGHT MEDIA socialmedia community Typical corporate media spend Drives people to Owned Media email Brands taking an ever more significant, diverse and assured role as content producers
  • 26. The web is inherently social Building platforms for longer-term, sustainable relationships with customers Morgan Stanley Internet Trends Report 2010
  • 27. “Communities already exist. Instead, think about how you can help that community do what it wants to do” Mark Zuckerberg
  • 28. The spreadability of ideas and content If the web is a mass of conversations, then get talked about Make it as easy as possible for your fans to find it and spread the word http://www.flickr.com/photos/oldflints/
  • 29. Developing strategies to turn followers into advocates Marketing spend generates traffic Some of that traffic sticks Users are inspired and enabled to talk about your product They spread the message around the network Ref: http://sethgodin.typepad.com/seths_blog/files/flippingfunnelPRO.pdf
  • 30. Please note: Sample presentation only, please download the full presentation from: http://econsultancy.com/reports/future-trends-innovation-briefing
  • 31. |13 January 2008 |Course Title |27 Econsultancy Econsultancy is a global independent community-based publisher, focused on best practice digital marketing and ecommerce. Our hub has 95,000+ members worldwide from clients, agencies and suppliers alike with over 90% member retention rate. We help our members build their internal capabilities via a combination of research reports and how-to guides, training and development, face-to-face conferences, forums and professional networking. For the last 10 years, our resources have helped members learn, make better decisions, build business cases, find the best suppliers, accelerate their careers and lead the way in best practices and innovation. Join Econsultancy today at http://econsultancy.com. All rights reserved. No part of this presentation may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording or any information storage and retrieval system, without prior permission in writing from the publisher. Copyright © Econsulancy.com Ltd 2011.

Editor's Notes

  1. However, we have control over our “Owned Media” and traditionally most organsiation aren't doing as much as they could with this.