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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

Aef4aa10 13c2 4279 8988 bce96065c6d4Most people I know in business begin by capitalizing on technical strength or passion for change, such as engineering, or focus on saving the environment. They don’t realize that it takes more to succeed in business or a career – it takes leadership skills to get people to follow you, including peers, a team, business partners, and customers. Luckily, you can learn needed leadership skills.

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Mid age asian female ceo presenting data to collea 2021 09 03 13 45 50 utc'Data Science jobs,' 'data science courses,' 'data scientist masters programs,' 'data scientist certification,' data scientist pay, bla bla bla..data science is reverberating everywhere. It has already been declared the 'hottest job of the 21st century.'

Our world is becoming entirely data-driven. Everything is becoming more dependent on data analytics (the basics of data science, from our health maintenance activities to the product/ service purchase decision. As a result, the need for data scientists skills has skyrocketed. Accordingly, the job opportunities and salary trends in this field are showing a steep hike every year.

 

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Modern business woman with vr glasses for innovati 2022 01 19 00 09 47 utcBusinesses everywhere have faced considerable challenges over the last few years. Not least the global pandemic, which has had a lasting impact on the way we work.

More recently, skills shortages and inflation have begun to affect organisations, presenting real threats to potential growth plans.

To maintain competitiveness, evolve and grow - all while managing their day-to-day, businesses need to look toward innovation.

 

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Alphabet blocks abc on wooden table text skills 2021 09 02 15 21 13 utcFor most people who choose to go to college and get a degree, the belief is that you will surely learn what you need to be successful in our career. However, even if you get a business management degree, you are not taught the single most important thing in managing employees. That is, how to hire one. And yet as you build your career, and perhaps even start a company, your ability to recruit and hire people will be perhaps the number one factor in your ultimate success. And there are costs associated with not hiring well, notwithstanding the impact on your career.

 

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Coin operated binoculars lake louise alberta ca 2022 03 07 23 53 43 utcThe mood was joyful at the Digital Banking Conference in Austin, Texas, last week. For many of the 1,000 attendees, this was one of the first events they had traveled to in more than two years. People were ready to network, share best practices and look at technologies that could improve the customer experience at their banks. Some were even contemplating whether or not to undergo a core conversion.

 

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B0d4c3d2 3ff4 48c3 9647 15dc95fb70e6When the economy struggles as it is doing now, that’s a strong signal that things have to change, and it’s hard to miss. But most of us in business have to deal most of the time with weak signals, or change that is happening in a far more subtle way. These changes can be cultural, like the increasing need to be social, spawning Facebook and a hundred others, or technological, like the explosion of mobile devices around the world.

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Startup ideas plan e1642598481604 1232x640CHAPEL HILL – With 563 active startups launched by its faculty, staff and students currently creating social good and economic impact, the University of North Carolina at Chapel Hill exemplifies the national trend: universities are becoming increasingly adept at spinning out startup companies. In turn, a growing number of success stories about university-based ventures dot the headlines. But, despite the numerous examples of ventures that find traction in taking campus-born ideas and research to market, the overall failure rate of startups in the wider world still lingers around 90 percent, with research showing that 21 percent fail in the first year and 70 percent by year ten.

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94f5ea84 9fa2 418d 92f3 5ac9fdbec5d2A popular approach for aspiring entrepreneurs these days seems to be to corner anyone who will listen, with a pitch on their current “million dollar idea.” The initial monologue usually ends with the question “How much money do you think this is worth?” In my opinion, ideas are a commodity, and are really not worth much, outside the context of a visionary leader who can execute.

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F9c190be 2f32 49e9 8b4f f3fc4066b72cMany business professionals and entrepreneurs I know are quick to attribute success of a peer to luck, rather than any recognition of a unique strategy or personal attributes. Over my many years as a business advisor and angel investor, I have become a firm believer in the opposite position, that you make your own luck, which drives business success, rather than the other way around.

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The first wireless flying robotic insect takes off CREDIT: Sawyer FullerSmall autonomous mobile robots, such as drones, rovers, and legged robots, promise to perform a wide range of tasks, from autonomously monitoring crops in greenhouses to last-kilometer delivery. These applications require robots to operate for extended periods while performing complex tasks, often in unknown, changing, and complicated environments.

 

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Daisy ThorntonDeputy Secretary of Defense Kathleen Hicks recently called the transition from prototype to full-scale production within DoD’s acquisition process one of DoD’s biggest problems. And she’s not the only one who thinks so. Stefanie Tompkins, director of the Defense Advanced Research Projects Agency, referred to it as a “full-contact sport.” But she also said that DARPA is working on one very specific pathway to help some technologies through the so-called “Valley of Death.”

 

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