Highlights from the CIMS 2015 Annual Conference
More than 110 CIMS members and guests made strides in advancing open innovation at the organization’s recent annual conference. Fittingly, the conference was held at the Frontier, a Research Triangle Park-based, cutting-edge co-working and office space that its developers call the largest open innovation/collaboration center in the country.
Highlights from the interactive, two-day conference included:
Observations from CIMS fellows and researchers on the gap between the potential of big data analytics in intelligence gathering and decision-making, and the reality. Having the right people, asking the right questions, and having the right attitude about strategy (it’s not the role of a select few) and corporate culture can separate the winners from the losers when it comes to using Big Data.
The announcement of new certificate program offered jointly through CIMS and Executive Education of NC State University. Called “Developing the Data Savvy Manager,” the 14-week program is designed to empower mid-level and executive employees to use Big Data analytics as a tool for business intelligence and decision making. CIMS has pioneered the concept that rather than being the purview of the IT department, Big Data can and should become an everyday tool of corporate decision makers, even those with little computer experience . The program is initially being offered with an emphasis on Life Sciences, but will be expanded over time to address multiple industry sectors.
The news that CIMS has partnered with the International Association of Innovation Professionals (IAOIP), the first organization dedicated to advancing the profession of innovation management. Founded in 2013, IAOIP recently began offering certification programs in innovation management aimed at advancing individual careers and the profession. Under the partnership, members of CIMS sponsor companies receive discounted membership and certification fees from IAOIP. More synergistic benefits are sure to follow.
A keynote by Santa Clara University associate dean, business professor, and author of the award-winning book, “The Plugged-In Manager: Get in Tune with Your People, Technology and Organization to Thrive.” Dr. Terri Griffith showed how traditional business thinking—holding tight to intellectual property, top-down management styles—can impede open innovation. She shared case studies of companies that have successfully overcome 20th century constraints to grow their business using open innovation. Check out her PowerPoint at slideshare.net/terrigriffith.
An update on a compelling research project on innovation training by CIMS research associate Tim Michaelis, who is pursuing NC State’s first-ever Ph.D. in psychology and management, innovation and entrepreneurship. Tim shared preliminary results of his groundbreaking work, which includes interviews with R&D heads of industrial companies as well as analysis of those companies’ sales. His working hypothesis is that companies that train on new product development best practices will experience higher new product sales as a percentage of total sales than companies that don’t implement this training. To date, Tim has found that definitions of “training” vary from company to company, and that even companies that have training programs
don’t encourage employees to use their newly acquired skills.
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