All posts filed under “Innovation

How to Build an Innovation Centre of Excellence

Businesses, regardless of their size, strive to remain competitive. To become successful, they need to achieve a harmonious blend of efficiency and innovation. To achieve it, more businesses are establishing innovation centres of excellence (CoE), business units focused on improving…

How to Come up with Innovation

Generating innovative ideas is not a straightford process. It is impossible to generate them on demand. However, innovative thinking can be fostered if you are willing to change the way you think, act and interact with others. This allows creating…

Green Energy Tech in Africa

Green tech ventures are on the rise in Europe and the US. In 2021 alone, they raised over $111 billion globally. Their main goal is to reduce emissions and “remove carbon from the atmosphere”, accelerating the transition towards net zero…

The Pros and Cons of AI-generated Content

The popularity of artificial intelligence (AI) has been rapidly increasing due to its better accessibility. More businesses are realizing the potential benefits of AI-generated content. As the technology is getting more advanced, it is increasingly becoming a “viable option for…

Open Innovation: An Academic Review

Firms practicing open innovation (OI) face a constant challenge: they need to decide which knowledge they should develop in-house, which to buy or co-develop and which to sell or license. Knowledge is the cornerstone of the open innovation strategy. Firms…

The Metaverse: Opportunities for Brands

A significant technological development looming on the horizon is the shift from Web2 to Web3. As the shift takes place, web-based experiences will be mostly more immersive, three-dimensional and virtual. There is a belief that the full embodiment of Web3…

The Potential of the Metaverse for Brands (Part I)

Facebook’s recent decision to rebrand itself as Meta signals that brands need to capitalize on the opportunity given by the metaverse as “technological advancements across hardware, software and connectivity” create more immersive experiences than ever before. That, coupled with increasingly…