Data Driven Innovation

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Innovation: the action or process of innovating.; the introduction of novelties; the alteration of what is established by the introduction of new elements or forms.

Transcript of Data Driven Innovation

Data Driven Innovation

Friday, 4 March 2011

Simon Grice

Friday, 4 March 2011

@simongrice

Friday, 4 March 2011

1990 2000 2010

Netpoll?

BusinessConnections

PersonalMail

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We productise ideas.

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With and for ...

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mashupevent.com

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@mashupevent

82 events6 conferences18 workshops5321 members

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innovation |ˌinəˈvā sh ən|

Friday, 4 March 2011

innovation |ˌinəˈvā sh ən|

noun: the action or process of innovating.; the introduction of novelties; the alteration of what is established by the introduction of new elements or forms.

Friday, 4 March 2011

innovation |ˌinəˈvā sh ən|

noun: product development.

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So ...

data driven innovation

data driven product development

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Product development.

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Data driven product development.

Data

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Data.

Historical data

Planning data

Infrastructural data

Operational data

Useage data

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Historical data

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Historical data

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Historical data

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Planning data

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Infrastructural data

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Operational data

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Useage data

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These are not unrelated: what’s happened in the past will often guide what’s planned for the future.

Today’s operational information becomes tomorrow’s history. And so on.

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Data source.

• social media (friends, likes, tags etc.)

• website (useage, click stream, search etc.)

• sales data

• content tags

• time/speed/location data

• identity data

• supplier, customer, partner

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Data source.

• sentiment data

• sensors

• mobile devices

• databases

• applications

• individuals

• interaction costs

• time/number of interactions

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Sensors.

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Social.

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Intention.

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Crowdsourced.

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Crowdsourced.

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Crowdsourced.

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Influence data.

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Visualisation.

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Publishing.

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Innovation

• Product development

• Data can guide the creative process

• Ownership, creativity and passion are key

Rise of the machines ?

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Finding the signals.

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Creativity & vision remain key.

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Extracting meaning.

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Extracting meaning.

• Data can feed into process in multiple phases.

• Identify relevant data to feed process.

• Create and manage feedback.

• Creativity remains key.

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Ideas & creating value.

• Updating supply chains.

• Realtime website layouts.

• Fashion trends.

• Film and video consumption.

• Publishing & content.

• Transport logistics.

• Dynamic user interfaces.

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Summary.

• Innovation = Product Developement

• Data is everywhere and growing.

• Identify relevant data.

• Develop processes that incorporates data.

• Don’t lose your vision.

• Don’t beleive *everything* you read.

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Thank you.

simon@ideas.org

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