Technological acceleration has not waned since the pandemic. Instead, innovations brought about during the crisis are an expected part of normal business. Consequently, private and public businesses now find further innovation is required to avoid becoming irrelevant.
Pace of Change Greater Than Ever
It is not surprising companies may struggle to keep pace with the speed of change. New technologies such as artificial intelligence, virtual reality, augmented reality, the internet of things, cloud computing, and blockchain are in continual flux. They’re developing, expanding, and connecting to other innovations. As a result, what is cutting-edge today, could easily be old news tomorrow.
Organizations Need to Fill Capability Gaps
The relentless pace of technology development and digital disruption will continue. However, business faces several challenges.
First, the tech talent shortage is only getting worse. It’s a competitive, highly-specialized sector, and a global issue. Additionally, many senior workers are now set for retirement.
Second, few companies have the finances for the substantial investment needed to adopt certain disruptive technologies that don’t mesh with their current systems. However, collaborations with startups, scaleups, or mature companies can often lead to more cost-effective alternative solutions.
Third, the scope of the challenge to innovate in so many areas at a fast pace makes collaboration essential. It simply isn’t possible to have sufficient knowledge and experience in so many areas within a single, in-house tech silo. As a result, organizations must find ways to connect with outside specialists.
Identifying Potential Solutions
Emerging new technologies will not slow down. They will become more interconnected, more interactive, and more user-centric.
For instance, according to Global Data, the metaverse will play an important role in 2023 as businesses start to create digital twins. This can help them design, collaborate, visualize, simulate, and optimize products and processes. However, this is just a first step.
Eventually, by leveraging existing innovations such as AR, spatial computing, sensors, and computer vision, organizations and individuals can experience a new, more immersive way of interacting with the world.
Reducing Innovation Lead Time & Cost
Over the following decade the possibility for change is even greater. Massive data sets, virtually unlimited compute power, and an affordable increase in bandwidth will make it less expensive and easier to test, launch, and scale innovations quickly. However, this also means companies can expect more disruptions from more sources more quickly.
As a result, organizations can’t possibly keep pace with change singlehandedly. They need to create networks to close capability gaps so they can identify, test, and implement innovations quickly and affordably.
Additionally, partnering can help organizations sort through the thousands of choices already available and emerging relevant technologies that may solve their problems. Otherwise, this process would expend enormous resources, outweighing the efficiencies and advantages they hope to gain.
Streamlining the Innovation Process
The pace and proliferation of technologies demands a streamlined, efficient innovation process. Organizations must be able to identify and incorporate the most promising technological options without delay.
Fortunately, EarlyBirds expertise, Subject Matter Experts, and expansive marketplace of new and disruptive technologies can help organisations become self-learning, self-sustaining, and incredibly agile.
We also offer unique programs for ad hoc or supplementary needs, as well as ongoing transformational support.
EarlyBirds Innovation Ecosystem
The EarlyBirds Innovation Ecosystem is a Business-to-Business portal connecting Innovators, Early Adopters, and Subject Matter Experts. Early Adopters are leaders or influencers in an organisation eager to identify new and disruptive technologies. They want to seize opportunities, solve business challenges, or create new products and services.
The Ecosystem has a data pool of over 4 million global innovations that may already address your organization’s challenges. This AI-enabled platform of startups, scaleups, and mature innovators is updated regularly and can be searched and curated using unique tools that meet business and technology needs.
Alternatively, organisations can list their challenges and request solutions from innovators.
EarlyBirds Explorer Program
The Explorer Program is tailored towards those who need innovation as a service to supplement existing innovation programs, or to conduct innovation projects when required.
EarlyBirds Challenger Program
The Challenger Program focuses on a single organisational or technical challenge. It looks for the most relevant innovators that meet your organisational, technical, and risk requirements.
The program is run by an EarlyBirds Subject Matter Expert who identifies your key issues. The SME then searches the data pool to identify and curate options for further evaluation. The most suitable option is chosen and the SME drafts a roadmap of next steps, POC, trial, or implementation.
EarlyBirds helps organizations accelerate technological change. Our resources deliver innovative solutions and expertise. We’ve helped the Public Sector, and many other businesses in Retail, the Food Industry, Operations & Maintenance, Manufacturing, Finance & Insurance, Energy, Education, Cybersecurity, and more.
If you’re interested in partnering for success, please register at https://earlybirds.io/, or contact us to discuss your needs.