Dealing with disruptive and innovative projects is exciting. But the sheer potential of the projects in an uncertain environment can be overwhelming. So, you must be able to track your innovative projects' progress and quantify them. Unfortunately, traditional accounting (TA) is not well-designed to handle future and uncertain business environment scenarios. Relying on it can … [Read more...] about How Innovation Accounting Can Help Your Business Grow?
innovation
Digital Biotech Labs Will Be Smarter and More Efficient
As technologies improve, facilities ranging from gadget manufacturers to commercial farms use smart sensors, artificial intelligence (AI) and other advanced options. Such progress has also spread to the biotechnology industry. Whether decision-makers want to streamline existing processes or pursue biotech innovations, it's increasingly appealing to digitize operations. Here are … [Read more...] about Digital Biotech Labs Will Be Smarter and More Efficient
7 Ways the IoT Makes Farming More Precise
Thanks to contextual and real-time data, we know more about our environment than ever, and that's making some pretty big waves in the farming and agriculture industry. IoT in agriculture delivers new insights that improve efficiency, profitability and yield, which grows more important every day due to climate change. Crop yields will determine whether or not we face food … [Read more...] about 7 Ways the IoT Makes Farming More Precise
What are the Pros and Cons of Using AI in Customer Experience?
The customer experience is crucial if you want to retain loyal customers and keep building your business. Companies should always be looking to find ways to improve the customer experience so that they continue giving the end-user exactly what they want while beating their competition. This is where Artificial Intelligence (AI) comes in. AI has changed the dynamics of the way … [Read more...] about What are the Pros and Cons of Using AI in Customer Experience?
A Lesson In Effective Innovation From Amazon
I recently hosted a private event put on by Amazon Web Services for CDOs and CAOs. I interviewed Jeff Carter, a former Teradata executive and colleague who has been at Amazon for several years now in various senior leadership roles, first at Amazon.com and now at Amazon Web Services. It was a lively discussion and one of the topics, which I'll discuss here, has stuck with me … [Read more...] about A Lesson In Effective Innovation From Amazon
