Last week, I had the pleasure of interviewing Mitch Ditkoff, an innovation culture consultant who has worked with GE`s Crotonville Management Development Center, Fuqua School of Business and several Fortune 500 companies.
R&D budgets are large, with some of the top R&D intensive companies spending $680 billion (£536 billion) in 2016. Yet a recent report by Forbes revealed that most product launches fail at 80% and only 4% get a return on investment. How can companies succeed with R&D projects when the odds are stacked against them?
Research has shown that one surprisingly simple strategy can reduce the failure rate of R&D. What's the secret? Improve collaboration.
Collaboration is key because it enables sharing of information at the early stages of a project. This helps teams communicate which projects to focus on rather than spending time and resources focusing on different objectives.
Although PatSnap started as a tool based on patent data, it now solves problems beyond the world of intellectual property (IP)—using data sets beyond the realm of patents.
Welcome back to PatSnap Weekly. This week there have been significant advancements in IP, with a new ruling by the US Supreme Court in Lexmark International v Impression Products. Elsewhere, the world's largest plane has been revealed, with a wingspan larger than a football field.
If there’s one person who knows about software innovation and the patenting of such innovation, it’s Hussein Kanji.
This week, there have been medical advances with the first ever stem cells produced from human blood, as well as the successful 3D printing of ovaries that have produced healthy mice. Elsewhere, China has broadened its software patent guidelines—could this mean more US software companies filing patents there?
Welcome back to PatSnap Weekly. This week there have been significant technological advancements in medicine from AR goggles for surgeons to battery free implantables.
As the food industry is getting more sophisticated to meet consumer demand, so is the technology producing it. From innovative manufacturing processes to household consumer goods, innovative solutions are reflected in all aspects of this industry.
Welcome back to the first PatSnap Weekly after the bank holiday. Although it’s only been a four day week, a lot has happened with advancements in medicine, tech and IP.
The supermarket is one of the most ubiquitous sights in the Western world. Seemingly immune to the decline of the High Street, supermarket brands go from strength; Walmart is the largest company in the world by revenue1 while Tesco, Sainsbury’s and Morrison all rank among the world’s largest companies2.