Last week on the Hill, I had the opportunity to address representatives of the goverment during the LISTA Technology Legislative Forum where I provided an outlook on emerging technologies.
I want to share the main points of the briefing:
Intro:
Innovation and the Democratization of technology are driving the growth of our economy. Retention in technology, science, energy professions and the creation of green jobs propel innovation and position our country to compete in the new global and "connected" economy.
Solid understanding of the emerging technologies trends will position us to anticipate the needs of our economy and the consumer market.
Trends and Technologies:
1) Electronification of transactions (financial transactions, medical records), migration from paper to electronic medium.
2) User-generated content and democratization of information and knowledge ( adoption of web 2.0 technologies). Impact of user-generated trends to digital media and adversiting.
3) Mobile technologies ( mobile payments, P2P services, location - based services)
4) RFID, NFC impacting manufaturing, retailers, logistics
5) Adoption of Web 2.0 technologies (blogs, wikies, tagging)
6) Social networking
7) Collaboration technologies (teleconferences, videoconferencing) enable global collaboration and accelaration of innovation.
8) Cloud Computing
9) Nanotechnologies
10) Open Source Architecture
Showing posts with label Innovation. Show all posts
Showing posts with label Innovation. Show all posts
Tuesday, June 16, 2009
Thursday, May 21, 2009
Innovation and Customer Experience
Today I want to start this blog with a question: What is impact of introducing innovative services to the customer experience?
I thought about the relationship between innovation and customer experience reading a post in LinkedIn. While innovation is a cornerstone of web interactions - too much innovation too fast can negatively impact the customer experience.
When we were ready to launch the beta version of the first mobile banking service to Wachovia customers many members of the project team felt that introducing a beta version of the service could have a negative impact to the overall customer satisfaction with the web site. As a result of this concern they wanted to wait to launch mobile banking until the service was fully tested.
However, the beta version of mobile banking was a result of the “Test and Learn” approach to propel innovation across the organization and to engage customers in the innovation process.
The team did 3 important things to mitigate the risk of launching a beta service:
1) Telling customers the TRUE about our intentions for launching a beta version that was not fully developed.
2) Making sure business requirements for security and protection of the account data were taken into consideration during the development of the new services since the beginning.
3) Implementing a customer feedback form to allow customers to participate in the innovation process.
Last but not least, understanding the behaviors of target customer segments should be part of the design of the “Test and Learn” strategy. While some customers are always looking for the next innovative capabilities others like a website that seldom changes.
Invite customers to participate, design a virtual center of innovation where your customers can share ideas and test drive new products and services. Capturing customer feedback allows companies to connect the dots and design products that meet the needs of their customers.
I thought about the relationship between innovation and customer experience reading a post in LinkedIn. While innovation is a cornerstone of web interactions - too much innovation too fast can negatively impact the customer experience.
When we were ready to launch the beta version of the first mobile banking service to Wachovia customers many members of the project team felt that introducing a beta version of the service could have a negative impact to the overall customer satisfaction with the web site. As a result of this concern they wanted to wait to launch mobile banking until the service was fully tested.
However, the beta version of mobile banking was a result of the “Test and Learn” approach to propel innovation across the organization and to engage customers in the innovation process.
The team did 3 important things to mitigate the risk of launching a beta service:
1) Telling customers the TRUE about our intentions for launching a beta version that was not fully developed.
2) Making sure business requirements for security and protection of the account data were taken into consideration during the development of the new services since the beginning.
3) Implementing a customer feedback form to allow customers to participate in the innovation process.
Last but not least, understanding the behaviors of target customer segments should be part of the design of the “Test and Learn” strategy. While some customers are always looking for the next innovative capabilities others like a website that seldom changes.
Invite customers to participate, design a virtual center of innovation where your customers can share ideas and test drive new products and services. Capturing customer feedback allows companies to connect the dots and design products that meet the needs of their customers.
Subscribe to:
Posts (Atom)
Posts
