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Innovation Management Overview by Asif Saleem INNOVATION @ OracLE Innovation Advisor, JAPAC WHEN YOU INNOVATE YOU'VE GOT TO BE PREPARED FOR EVERYONE TELLING YOU YOU'RE NUTS Larry Ellison, Founder of Oracle Oracle Innovation Heritage Since 1977 - founder led 3 Industries Are Changing at an Unprecedented Rate… New Ever- New increasing Changing entrantsNO INDUSTRYbusiness IS IMMUNEworkforce models customer expectations Evolution of Customer Experiences Artificial Intelligence Digital Pre-Digital Y IT Artificial Intelligence enables BIL rapid augmentation and A Digital computing P expansion of human A enables people to capability and skills C People could multitask efficiently, and accomplish one connect globally task at a time TIME World’s Population in Urban environments 28% 39% 54% 66% 1950 1980 2015 2050 Almost 50% of the Population today is now Digitally Active and have a Digital Identity AS THEY SAY THERE IS NO BAD TIME TO INNOVATE Copyright © 2016, Oracle and/or its affiliates. All rights reserved. How Do We Define “Innovation”? Bricolage is a French loanword that means the process of improvisation in a human endeavor. The word is derived from the French verb Jugaad roughly corresponds to do-it-yourself (DIY) in the bricoler ("to tinker"), with the English term DIY ("Do-it-yourself") being US, hacking in the UK, zìzhǔ chuàngxīn (自主创新) in the closest equivalent of the contemporary French usage China, Trick 17 in Germany, gambiarra in Brazil, système D. in France, or jua kali in Kenya; in addition, equivalent words within South Africa are ’n boer maak ’n plan in Afrikaans, izenzele in Zulu, iketsetse in Sotho and itirele in Tswana 8 HOUSE OF INNOVATION at ORACLE Elements and components which enable innovation processes Who Are Innovation Advisors? . Industry Experts . Business Acumen . Investment by Oracle . Co[Innovation] with Customers and their suppliers . Solution Driven . Business Transformation Experts . Engage through one Idea What is their Mandate Transforming Customer Experience Transforming IT Mobile First Smart Devices Cloud First Digital Intelligent Services Fast Provisioning Transformation Omni-channel Scalable Social Enabled Standardised Secure Modernizing Employee Experience Enterprise Business Modernization Self Service Strategic Cloud Mobile First Employee Engagement Standard Processes Embedded Social Portfolio Modernisation .MORE THAN $46B IN R&D SINCE 2004 Figures in GAAP Portfolio Modernisation Data as a Service Software as a Service Platform as a Service Infrastructure as a Service Portfolio Modernisation Corporate Development – Sample of Oracle recent cloud acquisitions Oracle Idea for Innovation Successful implementation of an idea (Throughput) INNOVATION PROCESS Oracle Innovation Idea Only a successful and managed implementation of an idea will lead to an innovation and a benefit of the target group Innovating with our Customers IDEA Innovation Design Engine – Ideas | Executed FRAME Together, we agree and SCALE understand what most needs to be tackled We deploy the solution across the business to outcome: optimize performance a clear and motivating business challenge outcome: measurable, repeatable IDEATE business results We collaborate to produce viable and meaningful innovation proposals outcome: one (or more) outline TEST business solutions We deliver a measurable innovation idea into the market SHARE outcome: We communicate and learn, to measurable business build consensus and to drive agile results at speed business improvement outcome: a shared commitment to making change happen and permission to proceed Innovating with our Customers IDEA Innovation Design Engine – Ideas | Executed Frame Innovating with our Customers IDEA Innovation Design Engine – Detailed Process FRAME IDEATE SHARE TEST SCALE assesscurrent the situation definesolution the proposalvalidate socialized the ideaplan focused the prosecution leveragevalue the realization value equation desired state solution vision deployment tasks support options be clear about “how we perform be clear about “what success looks share the high-level solution idea outline the tasks and the resources draw on the necessary knowledge today” and what are the like” and how the components and with customers and internal required to make the idea a reality; pools and skilled resources (internal components and drivers of drivers of success are linked and stakeholders to gather feedback and establish the timeline and and external) to prepare for wider performance which we can control pieced together validation governance adoption examine the outline the articulate the design the equip the business environment initial ideas solution value detailed solution involved employees look at the external environment, think about new ideas and / or set out a picture of the solution describe the approach and the ensure that all affected personnel from high-level trends to industry leverage existing best practice to value, in primarily immediate specific components and are enabled to understand and accelerators, then assess the arrive at a range of options which financial terms but also broader connections required to build the empowered to adopt any changes internal pressure points address the challenge brand / market impact minimum viable solution required of them scope the apply the prepare the build the execute the key processes decision criteria solution presentation concrete solution business-wide solution identify the business area review and filter the initial ideas; develop the assets (demos, mock- set up the technical environment align the necessary technical and (externally or internally focused) in assess their potential to meet the ups, storyboards, architecture and the Sprint teams and processes human resources to start rolling out which the pressure point and need challenge and create rapid value, diagrams, role plays etc) to bring the to facilitate rapid and agile solution the solution more widely across the for change is surfaced and their strategic ‘fit’ solution to life build business pursue the explore the deliver the launch the monitor the detailed discovery path to execution Innovation Showcase real-world test ongoing data and results examine and decompose the chosen consider in detail the activities, share the solution ideas in an deploy the minimum viable solution continuously measure and resources and partners needed to engaging context with senior into a controlled but real ‘live’ communicate the solution impact process in detail, gathering data and make the selected idea a reality, and stakeholders to request their market situation to assess its (both in the internal organization insight at selected inflection points rough implicit costs feedback (and buy-in) viability and initial impact and the external market) identify the outline the obtain the measure the plan for business challenge business solution permission to proceed test results continuous improvement distil the insight to produce a clear sketch out the proposed solution process any stakeholder feedback measure the impact of introducing assess the solution successes and business challenge – both what idea and its value, listing any and unanswered questions before the minimum viable solution into gaps (in people, process and needs to be addressed, and why accelerators or blockers, and requesting permission to proceed to the live market and assess any ripple technology) terms and seek to (the value) unanswered questions test effects leverage and extend Rapid Prototyping Start-up Ecosystem • A next-generation acceleration initiative. • Reimagining the Startup + Enterprise relationship. • Fostering co-development and co-innovation through true partnerships with startups. • Driving business ingenuity—across startups, our business, and our customers. • Pushing the boundaries of innovation where we can all win. Start-up Ecosystem Sample of Our Startup Partners Copyright © 2016, Oracle and/or its affiliates. All rights reserved. A 50-YEAR-OLD COMPANY CAN INNOVATE AS WELL AS TWO GUYS/GALS IN A GARAGE Guy Kawasaki, Author.
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