After seeing this bracelet, you may look at your checkbook or even your online billpay system as archaic and inconvenient. Right now this bracelet appears to be in the imagination stage, but it’s sure to get the attention of a financial or tech corporation. Check out the design blog here.
“Triia” is shown as a secure payment bracelet, which acts like a wallet for your digital cash. In this scenario, your fingers tell the account what to do, and it will require users to learn a few easy movements. Could this be the future of payments for everyone?
Check out the Triia video:
The inventor states on his website that the bracelet is secure in that it is a part of you and therefore more difficult to forget, lose or steal. You put money on the bracelet with your mobile phone or computer, and it uses the vein patterns around your wrist to identify you.
An interesting thought. Will it fly?
I wanted to highlight some work with one of our partners innovator Soren Kaplan. In the months ahead we are going to be sharing more information on LeapFrogging. Soren has written an award-winning and bestselling book that shows how any organization or internal business function can “change the game.”
That’s exactly what Innovationedge and Soren will be doing in our partnership to deliver the tools to help business leaders embrace uncertainty, rather than avoid it! We’ll be helping clients create new products, services and business models.
This month Soren is our guest writer, and he has penned a brilliant article (originally posted over at Innovation Excellence). Here is a sampling of that piece:
How do you measure innovation?
Because innovation is now a widely recognized critical requirement for virtually all companies across all industries, the metrics imperative is here. Leaders must establish a new breed of metrics that move beyond conventional measures and that:
- Create an organizational culture that supports and drives strategic innovation
- Establish critical capabilities tuned to the evolving competitive business landscape
- Evaluate innovation efforts to ensure both return on investment and support feedback loops of learning and improvement
- Drive profitable growth
A Framework for Innovation Metrics
The best solutions create simplicity from complexity. Assuming that successful innovation results from the synergies between complementary success factors, it is important to address these by:
- Creating a “family of metrics” for ensuring a well-rounded portfolio of measures
- Including both “input metrics” and “output metrics” to ensure measures that drive resource allocation and capability building, as well as return on investment
A “family of metrics” ensures a portfolio of measures that cover the most important innovation drivers. The following are the three categories to consider for any metrics portfolio:
Return on Investment Metrics
ROI metrics address two measures: resource investments and financial returns. ROI metrics give innovation management fiscal discipline and help justify and recognize the value of strategic initiatives, programs and the overall investment in innovation.
Organizational Capability Metrics
Organizational capability metrics focus on the infrastructure and process of innovation. Capability measures provide focus for initiatives geared toward building repeatable and sustainable approaches to invention and re-invention.
Leadership metrics address the behaviors that senior managers and leaders must exhibit to support a culture of innovation within the organization, including the support of specific growth initiatives.
Within each of these categories, there are “input metrics” and “output metrics.” Input metrics are the investments, resources and behaviors that are necessary to drive results. Output metrics represent the desired results for the metric category.
Those who follow the latest trends in the future of innovation know that Consumer Goods Technology is a go-to hub for all things cutting edge in where many industries are heading. CGT’s expertise is second to none in my opinion, which is why I am thrilled and honored to play a role in the brand new, hot-off-the-presses publication titled, The 2020 Imperative.
Check out my article! I will be sharing it here on this blog soon, but you can get a sneak peek: Download your copy here.
Innovation is in demand, but can only be successful if properly managed. Join Cheryl Perkins for this program, and learn how to leverage internal and external capabilities to accelerate delivery of results. Leave this session with a better understanding of what innovation management is and its enablers. You will also learn the role that leadership and culture play in innovation, and which organization and partnership models truly support it.
Program fee: $30
A fascinating development straight from news headlines:
Here’s a question we posted on our Facebook Page after Chipotle shifted to an all-GMO free menu and saw profits soar by 30 percent:
If you could get an app alarm clock that sends the delicious aroma of bacon swirling around your sleepy head, what else could this technology be used for?
As technology gets more intuitive, how can we leverage it to help people become healthier and avoid injuries or medical events? Here’s one way:
I will let this story speak for itself. I don’t think I need a disclaimer, but I will add one anyway: This story is about how bodily functions can actually be useful, if everyone cooperates.
This is fascinating! It’s an image of a sedentary person’s brain next to the brain of an active person.