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Innovation News
Pymnts
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Image Credit: Pymnts
Ex-Disney Creative Chief Wants to Rewrite Your Innovation Script
- Duncan Wardle spent 30 years at Disney as the head of innovation and creativity, and has written a new book called the The Imagination Emporium: Creative Recipes for Innovation.
- He argues in an interview with PYMNTS that the biggest barrier to innovation is not a lack of time or resources, but rather our own past experience and expertise.
- Wardle says that the history of innovation is full of companies that have said “yes, and” while those that say “no, because” have failed.
- He offers tips, tricks and exercises in his book to help companies shift to a “yes, and” mentality.
- Wardle discusses how creativity thrives within constraints, as exemplified by Disney’s Greenhouse - a physical space where negative phrases like “no, because” are banned.
- He argues that great ideas often arise when the brain shifts from a conscious to subconscious state, which is why laughter and playfulness are also important tools for unlocking creativity.
- Wardle believes that success in innovation means creating a culture where creativity is a habit, not just a one-off event.
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Medium
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70
Image Credit: Medium
How Vector Embeddings Will Revolutionise the Geospatial Data Industry
- Embeddings are a mathematical way of representing data that transforms complex geospatial, geometric, and contextual information into a streamlined format that computers can understand.
- Embeddings unify diverse data formats into a shared structure, allowing various geospatial data sources to be rapidly analysed, integrated, and understood.
- By distilling complex, multi-source data into compact, machine-optimised structures, embeddings enable powerful cross-domain integrations and deeper insights.
- Embeddings enable interoperability by unifying diverse data types, such as satellite imagery, GIS layers, textual descriptions, and CAD models, into a single representation that preserves the unique characteristics, underlying patterns and the relationships between data.
- Embeddings are revolutionising how geospatial data is processed, analysed, and applied, enabling new ways to interact with spatial information.
- The potential of embeddings in the geospatial industry is clear, but fully realising their value requires overcoming key challenges.
- Developing industry-wide standards for geospatial embeddings is essential to avoid fragmented systems and ensure interoperability.
- Embedding-driven approaches must prioritise privacy, fairness, and accountability, and establish robust validation mechanisms to ensure accuracy and maintain trust.
- By embracing embeddings, the geospatial industry can unlock new possibilities beyond traditional constraints and transform geospatial intelligence into a dynamic, adaptive resource capable of addressing real-world challenges at scale.
- Embeddings are the cornerstone of the next generation of geospatial innovation, and at Sensat, we envision a future where geospatial queries are instant, precise, and scalable.
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4 Likes
Medium
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403
Image Credit: Medium
The Emperor Has No Metrics: When Data Deceives
- Organizations often deceive themselves when it comes to metrics, relying on vanity metrics that provide little insight into product value.
- Metrics related to engagement, conversion, and feature completion can be misleading and not indicative of real user problems being solved.
- True product success lies in solving real problems, delivering value, and focusing on outcomes.
- Product leadership should prioritize deep customer understanding and creating products that make a real difference.
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Leaderchat
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Image Credit: Leaderchat
People Are Holding Back During Innovation Meetings? Ask Madeleine
- Teams in a technology company are becoming quieter and people are holding back during innovation meetings.
- The supervisor suspects that the constant pressure to innovate faster is causing fear and reluctance to speak up.
- Suggestions for addressing the issue include meeting individually or with teams to discuss concerns, asking questions to understand fears, and taking proactive action as a leader.
- The goal is to increase the sense of safety and trust in order to get the teams back on track.
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21 Likes
Medium
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170
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The Future of Privacy: Balancing Innovation with Data Protection
- The benefits of data-driven innovation are undeniable, but it comes at the cost of privacy.
- Finding a balance between innovation and data protection is crucial.
- Real-world examples showcase companies taking steps to address privacy concerns.
- Collaboration among governments, businesses, and individuals is essential for the future of privacy.
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10 Likes
Silicon
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293
Image Credit: Silicon
Elon Musk $56 Billion Pay Deal Rejected, Again
- A judge in Delaware for the second time ruled against Elon Musk's $56 billion pay package.
- Tesla has vowed to appeal the decision.
- The judge cited Musk's extensive ties with board members and concerns about misleading shareholders.
- Tesla shareholders previously voted to reinstate the pay deal in June 2024.
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17 Likes
Medium
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Image Credit: Medium
Jade Analysis Series: The Rise of Femtech and Yes, It’s Here to Stay
- The rise of femtech is a result of the white space in healthcare catered exclusively for women and the growing interest from investors.
- Women have historically been excluded as participants and decision makers in healthcare development, leading to gaps in knowledge about conditions affecting women.
- To address this, a system-level investing approach is needed which involves informing traditional investors, hiring female medical experts, investing in female-led healthcare companies, and educating the public.
- Femtech is not just a fad but an investable asset class with potential for disruption in the healthcare industry.
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Silicon
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105
Image Credit: Silicon
US Announces New Export Controls On China’s Chip Sector
- The United States has announced new export controls on China's chip sector.
- The restrictions aim to impair China's semiconductor ambitions and its military capabilities.
- 140 Chinese companies, including Naura Technology Group and Piotech, have been added to the US Entity List.
- The export controls include restrictions on manufacturing equipment and software tools used for developing semiconductors.
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6 Likes
Silicon
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355
Image Credit: Silicon
Germany Shoulders €600 Million Of Northvolt Debt
- Germany will assume more than €600 million ($629 million) of debt that its development bank had extended to Northvolt for the construction of a battery plant in the country.
- The federal government will reimburse lender KfW for the value of a convertible bond and related costs, although the total losses are yet to be determined.
- Northvolt, Europe's battery start-up, filed for Chapter 11 bankruptcy last month after failing to secure short-term funding and facing production challenges.
- The company needs to raise between $1 billion and $1.2 billion to restore its business and compete against Asian battery manufacturers.
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21 Likes
Silicon
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55.8k
Image Credit: Silicon
What Led to Intel CEO’s Resignation?
- Pat Gelsinger has retired as Intel’s CEO after a four-decade career. His departure follows a board meeting where Intel’s performance and strategy were scrutinized, leading to Gelsinger being presented with two choices: resign or be removed.
- He opted to step down. Gelsinger, who joined Intel in 1979, became the company’s first Chief Technology Officer and played a key role in innovations like USB and WiFi. After a stint away, he returned as CEO in 2021 to guide Intel through a transformative period.
- Intel now faces challenges, including funding cuts, workforce reductions, and competition. Interim co-CEOs David Zinsner and Michelle Johnston Holthaus will lead while a new CEO is sought.
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99 Likes
Medium
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381
Fictional Products for Fictional Worlds: Building an E-Commerce Platform for the Wizarding World of…
- An e-commerce platform for the Wizarding World of Harry Potter could bring convenience to shoppers.
- The marketplace would cater to both buyers (parents and students) and sellers (Diagon Alley shops).
- Delivery would be handled by owls, aligning with the magical theme.
- The marketplace could prioritize categories like books and apparel, and expand into other items later.
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22 Likes
Silicon
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Image Credit: Silicon
Elon Musk Seeks To Block OpenAI’s For-Profit Bid
- Elon Musk is seeking to block OpenAI's bid to convert to a for-profit organization.
- Musk's lead counsel filed a motion for a preliminary injunction to stop OpenAI's conversion.
- Musk's lawsuit against OpenAI accuses the company of breaching its non-profit principles.
- The legal feud between Musk, OpenAI, and its CEO Sam Altman escalates with new court filings.
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23 Likes
Medium
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43
Image Credit: Medium
Why Customer Experience projects fail
- Customer Experience initiatives and projects can have a bad rate of success.
- The success depends on where the initiative comes from and the focus placed during the project.
- Software implementation and methodology in Customer Experience are important, but managing organizational change is crucial.
- Organizations need to adopt a customer-centric culture and prioritize organizational change management.
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2 Likes
Medium
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377
Image Credit: Medium
Sony’s Helldivers 2 dives into Customer Experience Hell
- Sony announced the enforcement of Playstation Network (PSN) accounts for PC gamers, leading to a crash in review ratings and massive refunds.
- Sony's decision to require linking gamer's Steam account to a valid PSN account was met with resistance from the gaming community.
- Sony argued that the requirement was to monitor online interactions and provide extra security measures.
- Critics suspect Sony's motive was to increase the number of PSN subscribers.
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22 Likes
Medium
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399
Image Credit: Medium
High Risk AI Systems in the EU AI Act
- The EU AI Act introduces strict requirements and oversight for High Risk AI Systems.
- High Risk AI Systems are subject to registration in an EU High Risk AI Systems Database.
- There are two sources of High Risk AI Systems defined in the EU AI Act: Annex I and AI systems used as safety components.
- Examples of High Risk AI Systems include AI systems used in lifts or appliances that burn gas.
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24 Likes
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