Innovation labs or centres are physical spaces designed to optimize innovation. The primary goal is to make sure that company can test, learn, experiment, access, incorporate, leverage all the changes that are happening out there in the industry. It gives the company the ability to fail fast, to incubate things and engage stakeholders.
Building the right talent with the right competencies and skills is one of the greatest challenges for organisations today. To deliver value and stay ahead, organisations need to develop new talent management strategies by building the competencies and future skills needed to effectively lead in a digital age.
Innovation management is a combination of the management of innovation processes, and change management. Innovation management allows the organisation to respond to external or internal opportunities, and use its creativity to introduce new ideas, processes or products.
Digital transformation is the profound transformation of business and organisational activities, processes, competencies and models to fully leverage the changes and opportunities of a mix of digital technologies and their accelerating impact across society in a strategic and prioritised way, with present and future shifts in mind.
