While COVID19 has made life challenging for millions of people, it also offers many new opportunities. How do you know yours is the right project at the right time? Is this the time to invest in a new COVID19 practice group? Is this the time to make your telemedicine clinic a permanent feature? Is this […]
Is COVID19 the best time to innovate? I would love to answer that with a resounding ‘yes’, but looking at previous research the answer seems to be more nuanced. Yes, necessity is the mother of invention. And yes, external events trigger innovation. However, uncertainty impacts how we make decisions and if you have never brought […]
Every organization aspires to innovate. Or at least wants to reap the benefits: clients that come to you for your unique solutions, high-profit margins because there is more demand than you can service, and great job candidates because they want to work for you. What to incentivize to get from this aspiration to these results? […]
In his book The Innovation Biome, Dr Kumar Mehta sets out to debunk the myth that innovation is about the (1) Next, (2) Big, (3) Thing. It is not.
When we think about innovation, we often think about iPads, Tesla cars, Space X rockets, Uber, new pharmaceuticals and other big and fancy innovations. However, most innovations do not start out as billion-dollar ideas. Rather the contrary, often small, seemingly unattractive ideas turn into impactful innovations. Unfortunately, this type of seemingly insignificant ideas often don’t […]
I recently came across two amazing TED talks about the opportunities and dangers of artificial intelligence. Kasparov explains how it is to get beaten in your own game by a machine. UC Berkeley’s computer science professor Stuart Russell, explains what it takes to stay on top of artificial intelligence.
Recently prof. Antoinette de Bont became full professor at the Erasmus University in the Netherlands. Part of the Dutch tradition is to give an ‘Oratie’ – a lecture to define your agenda and field of research as full professor at the University.
There is a rapidly widening gap between what is technologically possible and how professionals practice their profession. This gap exists, because for each new technological advance, a high level of analysis and review is needed before lawyers, physicians, or other professionals can implement it. This prudent approach is causing a growing tension, that after 50 […]
According to the World Economic Forum, the Fourth Industrial Revolution is happening right now. Steam engines, electricity, and information technology revolutionized industries, yet not the professional services. Now cyber connectivity is causing a fourth revolution, driven by artificial intelligence and connectivity. Connectivity between and among people, organizations, and things, is driving this fourth revolution. Does your organization have the capabilities to deal with the impact of this fourth industrial revolution?
Many industries, from banking and insurance to retail, are undergoing a fundamental redefinition. In part because digital technologies are making it possible for new entrants to disrupt established markets. When this disruption is followed by changes in regulations, many incumbents find themselves having to redefine their business. You need to ask yourself: If these changes are impacting your clients, how will they impact your future business?
Innovation management in law practices is still in its infancy, especially when compared to practices used in other industries. The need and benefit seem to be misunderstood. Interestingly, the arguments against innovation – we are already successful, we are different, we are growing – are exactly the same as those that support innovation and innovation management: revenue growth from novel clients and services, the ability to differentiate, and sustainable growth.
The US Financial Times Innovative Lawyer Ranking for 2014 is out. The picture that emerges from this version of the innovative lawyer, is one of a profession in transition. The information revolution is changing the world, including the law profession. There are new applications of technology, new assaults on data security and privacy and new forms of partnerships. The law has yet to catch up with many of these development, but lawyers are playing a vital role in bringing clarity to these issues and their profession.