Innovation Fails Due to Lack of Discipline
Nuno Schäller Gonçalves and Anjani Kumar on Deloitte's Innovation Garage
With generative AI becoming the next major opportunity for businesses, enterprises need to be ahead of competitors in AI adoption and innovation. Deloitte India is launching the Innovation Garage - an innovation-as-a-service initiative - which will provide clients with access to a diverse pool of experts, including technologists, strategists, and industry specialists.
"Innovation is not hard science, but we need to be very pragmatic. It's not about the results but the time we spend innovating," said Nuno Schäller Gonçalves, global innovation leader, Deloitte. He advised organizations to create a detailed road map to understand which innovation strategies suits their business, people, culture and technology.
There are multiple challenges that are holding back businesses from innovating: changing consumer preferences, evolving industry boundaries, and the advent of new technologies such as 5G, 6G, IoT, industrial metaverse, space tech, physical robotics, nanotech, quantum gen AI, said Anjani Kumar, partner, consulting, Deloitte India.
"Innovation fails not because of lack of creativity, but due to lack of discipline. We've seen that as a theme among many of our clients," Kumar said.
In this video interview with Information Security Media Group, Gonçalves and Kumar also discussed:
- The importance of aligning innovation road map business goals;
- How Deloitte India plans to help organizations with training programs, workshops and knowledge-sharing sessions;
- How Deloitte India's Innovation Garage will add value to business.
Gonçalves is a global leader in innovation and emerging technologies consulting. For more than 22 years, he has participated in a wide range of technology, strategic and operational consultancy for the financial services industry, both in the banking and insurance sectors.
Kumar has more than 20 years of consulting and investing experience in the consumer products and services industries including FMCG, technology, internet, retail, education, business services, media and entertainment ventures.
