There are five patterns of innovation presented in the document. These include augmenting products to generate data, digitizing assets, combining data within and across industries, trading data, and codifying a distinctive service capability. Each pattern is briefly described as utilizing data in new ways to drive innovation and unlock opportunities that were previously unthinkable. The presentation discusses how analyzing and applying these patterns of innovation can help organizations and customers in a changing environment.

1. Five Patterns
Of Innovation
This Presentation is a
part of Internship,
Under the guidance of
Prof. Sameer Mathur

2. First of all
What is Innovation ?

3. This Is a
Space X’s
reusable
rocket that
will make the
space
cheaper .
Innovation

4. There are five
patterns of
innovation

5. Pattern 1:
Augmenting Products to
Generate Data

6. Data generated from within products can improve the product,
and can also become the basis for new services or new business
models

7. Real time
example

8. PATTERN 2:
Digitising assets

9. Transforming
assets from
analog to digital
can open up
new opportunities
that were
previously
unthinkable.

10. PATTERN 3:
Combining data within and
across industries

11. Integrating information can unlock
new insights by creating value chains that
reduce waste and bridge gaps between
organisations.

12. Ubank in Australia introduced its
PeopleLikeU tool, to help
customers compare their
spending habits with the spending
habits of other similar people.

13. PATTERN 4:
Trading data

14. data can inform and motivate new
business models across industries,
spreading lessons learned, leading
practices and inspiration.

15. PATTERN 5:
Codifying a distinctive service
capability

16. Internal data competencies and
assets within organisations can be
redirected and transformed into
self-standing businesses themselves.

17. We are only at the beginning of what
promises to be a very different environment
for both customers and organisations.