Managing Innovation
Analytics
can really drive the creation of recombinations, or combining a diverse set of
existing technologies in a new way. Each individual technology already exists,
but how do we recombine them in some ways to create a new innovation? Or reuse
something that we know solved one problem, but apply it to a different domain?
Analytics
is really great at finding these linkages or hidden patterns we may not easily
observe by mining through a tonne of data. That is really the key to driving
decentralised innovation for several reasons. Decentralisation’s advantage is
that there are small clusters working on a problem, so they really know what
the problem is in that domain.
They see what exactly they can do to solve that problem more closely than a
centralised structure, which is bigger but much more coordinated. A
decentralised structure lacks the coordination. They know very well what they
do, but they don’t know what other people are doing. Centralised structures
know what everyone is doing, but they don’t know details for each individual
problem in the domain, unless they have the capability to comb through lots and
lots of data finding hidden patterns.
That’s
exactly the disadvantage that decentralised structures have. In that sense,
decentralisation does not easily find other people’s work. Analytics finds a
way to cull through that and find you a new combination, a new way of solving
your problem that you may not have easily found without analytics.
Source | Economic Times | 19th September 2019
Regards
Mr. Pralhad Jadhav
Master of Library & Information Science (NET Qualified)
Research Scholar (IGNOU)
Senior Manager @ Knowledge Repository
Khaitan & Co
Twitter Handle | @Pralhad161978
Mobile @
9665911593
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