June 19, 2019
The London Office of Innovation and Technology (LOTI) has been officially launched, ushering in what the fifteen councils behind the initiative claim will be a new era of digital transformation. The councils claim that London’s public services will benefit from faster adoption of technology, data and digital skills. The city-wide venture is a collaboration between all 32 London boroughs with the Mayor of London’s backing.
May 10, 2019
Policies aimed at encouraging rural innovation should take into account the differences between entrepreneurs and how they view where they live, according to a new study. Researchers at the University of East Anglia (UEA) and De Montfort University have found that meanings attached to where someone lives are shaped by previous experiences, and this in turn influences their innovation strategies and entrepreneurial activity. More →
March 18, 2019
The UK has risen one place, to third, in a global ranking of most promising countries in the world for technology breakthroughs that have a global impact. KPMG’s 2019 Technology Innovation Hubs report sees the UK trailing slightly behind the US and China, in a ranking of countries expected to produce the most disruptive technologies. The UK and Japan were almost tied in last year’s survey with the UK coming in 4th place. This year however, the UK moved ahead to secure the bronze place, whilst Japan was ranked fourth, Singapore was ranked fifth and India dropped from third place to sixth. More →
February 18, 2019
Companies are being overwhelmed by innovation projects, fewer than half of which even make it to market. That is according to a new report from Oracle, based on a poll of more than 5,000 decision makers from 24 countries. Despite what the report claims is a clear link between growth and innovation, organisations are being held back by poor processes and a lack of focus. The report suggests that innovation barriers are particularly pronounced amongst big companies, as well as companies experiencing higher growth rates.
February 13, 2019
A lack of senior stakeholder support is the greatest inhibitor of change, new research suggests as despite considerable enthusiasm to innovate, organisations are being thwarted by tight resources and strong internal resistance. The data commissioned by KCOM found that organisations are also limiting themselves by turning away the specialist skills and experience that could help them advance, through overly predictive procurement processes. They are however, eager to be more competitive, which is why organisations are making big investments in innovation projects. Almost half (43 percent) consider driving digital transformation to improve competitive advantage to be their top priority in the next year. A further 32 percent are allocating at least 20 percent of their IT budget to new projects. Both public and private sector organisations are also taking an increasingly people-centric approach to digital transformation. In the next year, 80 percent said they would incentivise staff retention through training, accreditation and career development to deliver on their innovation strategy. This is compared to 71 percent who said they would do so by investing in new technologies.
January 31, 2019
The natural world is a story of constant change and evolution. Animals, plants, insects and micro-organisms exist in an ecosystem, adapting to relentless changes in their environment, influenced by habitat, climate and their cohabitors. They respond to change faster than the human world, because they are not tied by the same restraints and conventions. They are interdependent and reliant on each other, competitors and cohabitors for mutual advantage. As humans move into what has been called the Fourth Industrial Revolution, there is much we can learn from nature, particularly within the workplace environment. The transformation of an organisation’s real estate, facilities management, IT and HR functions into a workplace ecosystem, as proposed by the Stoddart Review, has been discussed for some time.
December 4, 2018
An alliance of experts specialising in digital, manufacturing, building performance standards and construction technology has been awarded leadership of a new national Hub to drive innovation and technological advances in the UK construction and infrastructure sectors. Following a nationwide competition, Innovate UK has awarded £72 million to the Transforming Construction Alliance to deliver a national Core Innovation Hub, a key element of the Transforming Construction programme. The alliance brings together the specialist expertise of the MTC (Manufacturing Technology Centre), BRE (Building Research Establishment) and the CDBB (University of Cambridge Centre for Digital Built Britain).
October 5, 2018
CBRE has released Our Cities, Knowledge for the future, a report and microsite which explores how British cities might look and feel in twenty years’ time. The research claims to cast new light on the complexity of the future city. The project examines what will make a successful city through a collection of over 80 separate articles with insights on areas such as diversity, culture and sport, the economy, sustainability, governance, health, transport and placemaking. In doing so it identifies innovation, culture, and governance as being crucial to the success of British cities.
September 5, 2018
UK based building research body BRE has announced plans for a new research centre building at its campus in Hertfordshire. The new Open Innovation Hub will be built on the current site of a redundant and soon to be demolished 1960’s office block, known as Building 4, at the organisation’s Garston base. BRE says the new building, designed by architects AHMM will create a national and international centre for research and innovation in emerging sectors such as digital, connected and smart built environment. The four-floor 35,000 sq ft building will offer high-quality incubation and SME acceleration space to facilitate collaboration between the research base, large firms and knowledge-intensive SMEs. BRE aims to see the £10m build project achieve a BREEAM outstanding environmental accreditation. Once finished it will create 150 jobs and BRE also hopes to attract as many as 25 new firms to its Enterprise Zone.
June 26, 2018
The way to measure an employer’s speed of innovation includes how they find talent, their appraisal process, how employees recommend the organisation they work for to others, and how much employees collaborate, claims a new European study by Cornerstone OnDemand and IDC. “Future Culture: Building a Culture of Innovation in the Age of Digital Transformation” explores the relationship between European organisations’ speed of innovation and talent management, with the research showing that firms with a steady stream of new products and services are more likely to have an ongoing feedback process with employees, rather than an annual performance review, while organisations with a slower rate of innovation often use coaching and mentoring to develop employees.
March 30, 2018
A new report from KPMG suggests that the UK is the third most dynamic global centre of innovation, disruption and technological development behind the US and China. KPMG’s 2018 Global Technology Innovation Report surveyed almost 800 global business executives to reveal the world’s top technology innovation hubs. Of those surveyed, 19 per cent named the UK as the third most promising market for tech breakthroughs behind China at 26 per cent and the US at 39 per cent.
May 3, 2019
Is stress killing creativity and innovation in your organisation?
by Alf Rehn • Comment, Wellbeing
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