Creating a Living Innovation Portfolio

Although innovation has always been a key component when it comes to the success of any business and thus an area to focus on for organisations everywhere, more recently innovation has now become a top C-suite priority. In this report, Tata Consultancy Services (TCS) explore how organisations can innovate to the best efficiency in the changing world of business. 

Following on from their Global Leadership Study, TCS have found that enterprises are expecting more than 44% of their revenues to come from new offerings. Supported with examples from across different industries, this report discusses what makes an innovative business and the best ways to reach that goal. 

Key Takeaways include

• The ‘innovation journey’ – reimagining the future, connecting to the future, exploring plausibility, the innovation portfolio, the experimental mindset and the time to execute.
• The impact of TCS’s strategic foresight and assets which were used by a large Scottish government agency to initiate data sharing and given access to 32 local councils in Scotland.
• Real examples of how experimenting with minimum viable products (MVP) or minimum viable ecosystems (MVE) in short duration times can validate outcomes, market viability and stakeholder reactions.