GGI Tangible Innovation!™ Volume 2, Issue 1 - March 20, 2015
Tangible Innovation!™ Volume 02, Issue 01
BIG DATA CLOUD HANGS OVER LIFE SCIENCES AND SOCIAL SCIENCES
Condensed From Two Part Series: Part I: Repeat Performance, Science News, Published by Society for Science & the Public, 1719 N Street NW, Washington, DC, USA, Volume 187, Number 2, January 24, 2015, ISSN 0036-8423, Pages 20-26. Part II: Big Data, Big Challenges, Volume 187, Number 3, February 7, 2015, Pages 22-27.
"Replicability is the cornerstone of science, but too many studies are failing the test." Life sciences and social sciences are two fields where it is increasingly difficult to replicate research findings. In fact, opposite results may be observed in subsequent studies versus the original. Experiences by Bayer and others are cited indicating that perhaps only a quarter to a third of the findings of today's studies can be replicated.
Two examples are used to illustrate the points of the two articles. The drug known as Epo, used to counteract anemia caused by radiation and chemotherapy, and results observed from supposedly equivalent microbiome sequencing services. Microbiome refers to the microbes that live in and on the human body.
"Barriers to research replication are based largely in a scientific culture that pits researchers against each other in competition for scarce resources." A number of factors listed by the author, and others not listed, may combine to skew results.
• Pressure to publish
"Over the long term, science is a self-correcting process and will sort itself out. In the shorter term, however, the checks and balances that once ensured scientific fidelity have been hobbled. This has compromised the ability of today's researchers to reproduce others' findings."
Source-Part I: "Is redoing scientific research the best way to find truth?"
R&D 100 AWARDS - 2014 Winners
Condensed From: The 52nd Annual R&D 100 Awards, R&D Magazine, Published by Advantage Business Media, 100 Enterprise Drive, Suite 600, Rockaway, New Jersey, USA, Volume 56, Number 5, October 2014, ISSN 0746-9179, Page 8.
In October 2014, R&D Magazine published the winners of the 52nd Annual R&D 100 Awards. These "Oscars of Invention" are awarded to companies competing in one or more of twenty industry categories ranging from laboratory equipment and life sciences, to mechanical systems and software.
This year, there were thirty-nine judges including GGI's long time affiliate Hans Ludi. Dr. Ludi participates in GGI's Metrics and Innovation Summits, and has been an R&D 100 Awards judge for some years now. The judges' goal is to "identify the top 100 technologies regardless of product type. The editors then assign each winning product to one of the twenty categories."
Winning companies include large and small companies, research laboratories, and universities. It is all about the best 100 technologies.
"All 2014-winning technologies were introduced or first-available for marketing or licensing in 2013."
"Life science innovations were the front runners in this year's Awards with 11 -- the first year life science innovations have had over six awards in the past five years."
"Energy- and environment-based innovations continue their technology winning ways, receiving six and seven awards this year, respectively."
"There are five mechanical system 2014 R&D 100 Award winners, of which three were from countries outside othe U.S."
R&D 100 AWARDS - Are They Good For Your Company?
R&D Magazine refers to their R&D Awards as the Oscars of Invention. These awards have been impactful for years now. Participating in the competition is generally positive for both the company and its employees.
Win, place, or show, great visibility is achieved for company products while the pride and standards of employee performance elevate. Plus, the positive excitement and nervous tension is good stuff for corporate culture. Sometimes, it is just the boost a company needs. It does not have to be recurring, that is an economic decision at the end of the competition.
The generally positive impacts of winning these awards also carry to design and industrial design firms that may have been involved. In the design business, awards have power. Examples of firms that have benefited from winning include Design Continuum and IDEO. IDEO was an equal player among a group of ID firms back when. Then, one year, it won a full handful of R&D 100 Awards for a combination of proprietary and customer-based designs. IDEO has been a main player for some two decades now.
Unlike the Baldrige Award and Shingo Prize, among others, there is a relatively low post-competition carrying cost for the R&D 100 Awards. Impacts usually include new business and additional competitive advantege, not sharing knowledge and numerous plant tours to showcase the recognition..
Source: The GGI Editors
INTELLECTUAL PROPERTY AUCTIONS - ICAP Patent Brokerage
For years now, beginning in our predecessor GGI RapidNews eZine to this eZine, we have been keeping our clients and colleagues abreast of the progress industry that is making to ease the ability of corporations to monetize their IP assets. Many long time colleagues will remember our numerous communications regarding the firm that created public IP auctions, Ocean Tomo. In the beginning, both buyers and sellers were skeptical. It was a natural reaction. Now, nine years later, experience and trust have been built and liquidity is increasing. It has been a while since GGI's Editors gave you an update.
ICAP Patent Brokerage is recognized as the pioneer and leader in the auctioning of intellectual property assets. Since April 2006, ICAP Patent Brokerage, and its predecessor organization, Ocean Tomo Transactions, has held 25 auctions across the United States and Europe resulting in the successful transaction of hundreds of millions of dollars in IP, benefiting sellers such as individual inventors, small and mid-sized companies, large corporations, federal and government agencies, academic institutions, and investors. Designed to bring a sense of urgency and closure to IP transactions, their sealed bid platform creates a center for IP liquidity and promotes transparency for a market in which none had historically existed. Through their stringent qualification process, the ICAP Patent Brokerage sealed bid platform became the premier forum for the open and public exchange of IP.
ICAP Patent Brokerage announced a series of sector-specific auctions taking place in the coming year, the first of which will focus on the ï¿½Internet of Thingsï¿½ and connected devices. It will be held on April 23, 2015. Portfolios will be posted on the Internet of Things IP Auction page as they become available.
Portfolios in the April 2015 auction will cover wearables, smart-home technology, medical records and medical data collection, shipping and retail logistics/data, big data (including distributed storage architecture), sensors (MEMS and motion sensors), and the standards which drive the connective tissue between them (802.11, NFC, Bluetooth, RFID, Zigbee, and PLC).
Internet of Things IP Portfolios: Internet of Things & Connected Devices Patent Auction
BOOK REVIEW: Open Innovation - New Product Development Essentials from the PDMA
Open Innovation - New Product Development Essentials from the PDMA, Edited by Charles H. Noble, Serdar S. Durmusoglu, and Abbie Griffin, Copyright 2014, John Wiley & Sons, Inc, Hoboken, New Jersey, USA, 367 Pages, ISBN 978-1-118-77077-1.
Rather than a true book review, it is perhaps more appropriate in this case to do a book overview. Open Innovation [OI] was first coined by Henry Chesbrough in approximately 2003. Most of the definitive books on the subject, in our opinion, have emanated from his pen. PDMA's offering, however, is worth a look.
PDMA's book is a composite of separately written chapters by individuals, or groups of individuals, that are domain experts on the subject(s) of each chapter. Thirty-three authors collaborated to write the twelve chapters. The chapters were then edited and assembled by Noble, Durmusoglu, and Griffin.
GGI conducted primary research on numerous OI subjects and published it in 2014. For the purpose of that research, we offered a definition of OI which may be useful before addressing the contents of PDMA's book. "Open Innovation is the ability of a corporation to invent and innovate using outside sources and resources, excluding the use of contracted personnel to supplement employee-equivalent responsibilities." The number of possible approaches and topics are almost as great as one's imagination at this time. PDMA's editors did a nice job in selecting some of the key topic areas and assembling them into a coherent read and reference for beginning and intermediate level practitioners. Extractions from the long names of the book's chapters provide good insight to the contents of the book as a whole.
• Turning Patent-Based Technology Network Analysis Into Value
The book is a bit pricey for the Hard Cover at $55. The Kindle Edition is $45. GGI has always used a rule of thumb that a single good piece of information is worth $25. This is especially true for top executives whose words and actions have huge economic leverage and implications. There are at least a dozen good take-aways from this book. It is worth the investment to keep abreast of the rapidly evolving OI body of knowledge.
This book will be part of the curriculum at GGI's upcoming April 2015 Innovation Summit, along with several other books on Open Innovation.
Source: The GGI Editors
12th R&D-PRODUCT DEVELOPMENT INNOVATION SUMMIT - April 7-9, 2015
The 12th Innovation Summit has a number of curriculum changes, upgrades, and new speakers. After a decade long burst of innovation everywhere, where GGI could barely keep pace to update our 500+ page coursebook, innovation emphasis slowed to a crawl around the middle of the Great Recession. Initially optimistic, companies pushed forward despite economic challenges. When it became clear that conditions would last longer than a couple years, the pull back was immediate and decisive as corporations once again looked away from top line growth and focused resources on optimizing the bottom line. It is only recently that companies are beginning to shift some focus back to the top line, authors are writing again, developers are producing new innovation tools for sale, and IPOs are a weekly Wall Street activity.
Last produced in September of 2012, GGI will hold our 12th R&D-Product Development Innovation Summit in April 2015. As with past Summits, our goal is to synthesize what is working and producing results across the body of knowledge that is relevant to corporations: Strategies, Principles, Cultures, Tactics, Processes, Tools, Techniques, and Software. We will stay focused on the CXO and management level information needs. Some of the areas just listed are solely in management's wheelhouse. The "lower level" topics however, are still things that management must direct, oversee, fund, and measure. Our approach for all subjects will be to focus on the length of time it takes the company to learn and adopt more innovative practices, the costs and lead times involved to prepare, and the results that can be expected should participants choose to to pursue any of the subjects of the Summit.
Here are some of the changes for the 12th Summit. We are allocating additional time to Lead Users. There will be two interactive case studies with attendees. We will be joined by Richard Langevin of the Altshuller Institute. Richard was part of the team that translated the original works from Russia of one of the most innovative methodologies ever created, TRIZ. We're cutting back on the demonstration of some of the most powerful software tools, whose underpinning is TRIZ-based, to assure time for participants to internalize TRIZ's intrinsic value. Additional time will allocated to Intellectual Property. Two speakers will be joining us from ipCapital Group, with whom we've had an alliance since 2005. Bill Petrow is a Certified USPTO Patent Examiner. Bill will focus on how to inventory IP assets and create a landscape of IP for the company. Adam Bulakowski directs the IP practice and is a leading authority on how to value and monetize patents and intangible assets. With any luck, participants will learn enough to identify a bunch of value that is not currently on the books or passing through the income statement. The module on Open Innovation will change as well. Originally in its nascent stages when GGI Summits began, and we bet it would take hold, OI continues to penetrate corporate practices. Several new studies and books are out, and GGI did our own primary research on the subject last year. Instructor and guest speaker bios are available.
Currently, we have a small but very high level group that has registered. It is a great opportunity to get some quality time with some thought leaders, leading practitioners, and industry peers. The weather forecast for the Boston area is also favorable, although we probably will not hold the Wednesday evening reception outdoors. If you haven't yet come to a GGI InnSum, some of the companies that have attended may pique your interest. As well, if you choose to visit the site, don't miss the comments from prior participants. More than one person has said, "GGI's Innovation Summit is an Executive MBA on Innovation - in three days."
MACHINE DESIGN - "Goldense On Product Development"
Brad Goldense writes a monthly column in Machine Design. The column targets Machine Design readers, but is broadly applicable to all professionals involved with product development.
2015 March Does Engineering Work for Sales or Management?
2014 December Is Engineering Ready To Standardize Innovation?
2013 December More Research and Development or Just More Processes?
Complimentary downloads of each article in pdf format are available through GGI's web site.
GGI PRIMARY RESEARCH FINDINGS - 2014 Product Development Metrics Survey
Most readers of Tangible Innovation!™ are aware that GGI conducted our 6th "Product Development Metrics Survey" this past year. With the completion of this 6th primary research initiative, we now have fifteen years of information and rates on change on many subjects that are critical to the successful management of R&D spending.
Recently we completed a six part series of articles that highlighted selected findings of the research.
The first article discusses the scope and nature of the research. The remaining articles address each of the five separate topics of our research.
As a courtesy to the research participants, we purposely delayed publishing of any findings to the public to give some proprietary lead time to those that graciously participated.
GGI PRIMARY RESEARCH FINDINGS - A Note To Research Participants and Sponsors
As promised to all participants, facilitators, and sponsors, GGI provided you with a full set of the results in recognition of the time and expertise you shared with us. In March 2014, each of you should have received a 138-page pdf document entitled "Summary." In the event that you did not receive your complimentary copy, please send an email to firstname.lastname@example.org and we will get your copy to you.
If you did not participate in our research and are interested in the findings, they are available through The Wisdom iStore in the Primary Research section.
GGI 19th METRICS SUMMIT: August 25-27, 2015 - Early Bird Rates Through Friday June 26
The 19th R&D-Product Development Metrics Summit will provide participants with the best metrics for their individual companies across industries to drive R&D and Product Development productivity, output, effectiveness, and efficiency. You will wrap your arms around the metrics that investment firms and Wall Street analysts are increasingly interested in regarding new product sales, value of the pipeline, time-phased portfolio value, company innovativeness, and innovation conversion rates to real products that launch. Make no mistake, this Summit is geared for top folks chartered with leading and getting results from innovation in all its manifestations. If you look at the written testimonials from our Summit participants, and the positions that they hold, it is clear that GGI's Summit delivers the value and content that executives charged with running complex R&D operations need to be successful.
Our twenty-eight years as a corporation serving North America and Europe, along with our statistically valid primary research conducted over the past fifteen years, brings depth and executive perspective this 18th Summit. We know the Top 100 Metrics that are the most used by corporations, and how they have changed over time. On March 13, 2014 GGI published our 6th North American study of R&D and Product Development practices in the areas of R&D Operating Environments, Organic Innovation, Open Innovation, Intellectual Property, and the Top Corporate R&D Metrics In Use. Two-hundred companies from the USA, Canada, and Mexico participated in numbers that represent the relative R&D spending of the North American countries. There is no more current information anywhere on the industrialized continents in 2014. Participants in our 17th Summit earlier this year attested to this. Again, GGI Summits are delivered from the prospective of C-Level executives who have overall responsibility for getting results and interfacing with external analysts.
The third seminar of the Summit is best described as a Workshop, but it will include new material on rapidly evolving measurement areas in R&D. Participants will break into working groups to apply their experience and new learnings of the past two days to create "a set of metrics" suitable for measuring all aspects of R&D -- including Projects, Technical & Functional Disciplines, Improvement Initiatives, and most importantly the overall CXO-Level metrics for R&D that are used by the President, CEO, and investor community. There will be several focused discussions during the Workshop on specialty metrics for Advanced Development, Functional/Technical Competencies, Intellectual Property & Licensing, and several other measurement topics that are rapidly entering the mainstream.
Senior executives wishing to put themselves and their fellow senior executives in a better position to direct and drive product creation and commercialization should strongly consider attending. The great majority of our prior participants will say, “this Summit covers everything an Officer or Senior Manager needs to know on the subject of Metrics and how to deploy them.”
THE WISDOM iSTORE FEATURED ITEM @ 40% OFF - Design Review Checklists
Discounted Item: Periodically, GGI's iStore features one item that we discount 40%. We are now offering our full suite of Design Review Checklists, DR10PAKc.
Design Review Spreadsheets (Electronic Copy - Corporate License), Goldense Group, Inc., Needham, MA, USA, $570.00 [List Price $950.00]
The 10-PAK includes all ten checklists, suitable for a wide range of product development environments and their components and sub-assemblies. The spreadsheets are appropriate for organizations with single technical domains (like mechanical), to those with mixed domains (such as mechanical, electrical, electronics, embedded software, operating systems and/or applications software).
These checklists come with a comprehensive set of reviewable line items that often need to be reviewed. These checklists however can be easily tailored by changing or deleting items we suggest, and any number of new items may be added simply and easily. Some companies make these check lists into their own corporate standard and they become part of ISO requirements. Other companies allow each project to tailor the checklists specifically to the needs of the project, which may or may not fall under ISO.
Additional information on Design Reviews may be found at GGI's Design Review Information Center.
GGI's Featured Item is always offered at 40% discount. To order this material, please find GGI's "Featured Item" on the GGI Home Page.
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Tangible Innovation!™, published by Goldense Group, Inc. [GGI] in Needham, Massachusetts, is an eZine for professionals engaged in Research, Advanced Development, Product Development, and the Corporate Business Functions responsible for the output, productivity, effectiveness, efficiency, revenues, profits, and brand value of investments made in R&D and Product Development. Thank you for taking the time to read this issue!