This document discusses innovation and provides tips for innovators. It defines innovation as the profitable implementation of ideas. There are different degrees of innovation from incremental to radical. Emerging technologies that may change lives in the next five years include recommendation engines using social media data, hardware and content convergence, new Windows platforms, social recruiting, smart wallets, and the rebirth of the second screen of TV. The document also provides an innovation mantra and tips, such as creating future scenarios and problem solving, exploring where the future is happening now, and nurturing an innovation culture.

1. 25TH Feb 2012
Kathan

2.  What is Innovation?
 Means of Innovation
 The degrees of innovation
 Innovation Tech Trends - 2012
 Five Innovations – that change our Life within Five Years
 Innovation Mantra
 Tips for Innovators
 Take Away

3.  Hundreds of similar definitions can be found in the
literature.
“Innovation is the profitable implementation of
ideas.”
Think of invention as the laying of an egg,
innovation as the laying, incubation and hatching.
There is no shortage of ideas and inventions in the
world. The challenge is to introduce these
successfully to a market.

4. Concrete Project Calculator for
Smartphone Use
 Product
 Process
 Service
 Business model
 Value
 Market

5.  This is “Disruptive Innovation,” a term first
coined by Clayton Christensen. Disruptive
innovation refers to a firm’s strategy relative to
other firms. Often, low-cost business models
and “good enough” solutions/products for low-
end and/or non-consumers

6.  The degree of change required by the innovating firm
and/or the market.
 Incremental
(sometimes called “continuous” or
“evolutionary” or “small”)
 Semi-radical
 Radical
(sometimes called “discontinuous” or
“revolutionary” or “big”)

7.  Recommendation engine gets personal through social
Mapping User Specific Preferences BeachMint – Fashion
Facebook Users – 38% of
Google – Schemer –
Internet users
 Hardware and content convergence will accelerate DiscoverySocial
150m users on LinkedIn
Service
100m Users in Twitter
Purchase Decisions 54% ofContent Ecosystem
Job seekers using
 Windows platforms pick up new Momentum search aboveAppleiPhone
for
Brilliant OLED screen Displays
Kindle Fire
Ultra-thin Bezels
HTC acquired Video
NFC – Near Field
Internet Connectivity - first OS
 Social recruiting hits the mainstream 3D Display Windows 8
Streaming/Gaming/ Online
Communications
specifically designed for
Music Service Firms
Google Wallet
Voice and Motion Sensors PCs
Motorolascreen –
Touch – SetJam
2012 London Olympics –
Fully Interactive Device
 Smart Wallet breaks through TV/movie directory
contactless event
 A rebirth of the second screen – the TV

8.  Create Your Own Energy
 You will be able to power your home
with energy you create yourself.
 Biometric Security
 You will never need a password
again.
 Just Think it
 Mind reading is no longer
science fiction.

9.  Information access goes Global
 The digital divide will cease to exist.
 Spam may be History
 Junk mail will become priority mail.

10.  Don’t Look for Needs to fill them
 Create a need that only you can fill

11. Far Future
1. Creating Future Scenario Planning
3. Future Oriented Problem Solving
Today Near
Future 2. Problem Oriented Backward
Thinking

12.  Explore the Places where Future Already
happens

13.  Read Science Fiction Books , Watch Science
Fiction Movies, Explore Virtual Worlds

14.  Even the Strangest idea will find its Fans

15.  There is a market for Everything

16.  Don’t think in product Categories, think in Usage
Scenarios

17.  Prepare for the new Emerging markets
Spending Power
4Trillion today to 9 Trillion by
2015

18.  Give your customers the chance to co-create

19.  Nurture an innovation culture in your
organization

20.  Learn from other firms and Industries

21. Innovation is not
 The bulk of Future absolutely necessary,
Innovation – less likely
driven by Technologies
and Apps from Labs but
from their Applications
outside the laboratory
 We, People as Providers
and Consumers play a
but then neither
Great Role Inducing for
is survival.
Impetus Innovation

23. Allalkathan_K@infosys.com