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  • Will my innovation be a success? - 3 Methods for evaluating innovations

    Innovations are one of the key drivers for the growth and survival of companies. However, as various studies show, there is a very high probability that an innovation idea will not fulfill the goals associated with it. For example, between 70 and 90% of all newly launched products fail. Almost 2/3 of all startup investments lose money. According to a recent study by CB Insights, one of the main reasons for the failure of startups is that there was no sufficient market need for the developed solution. In view of these figures, the following will first show why the classic approach of creating a business plan is not sufficient or can even be a waste of time and resources. Subsequently, the Bayes theorem, innovation options and Monte Carlo simulations are presented as three powerful but simple methods for evaluating the chances of success of innovations in the early development phases.

    InnovationDr. Marcus Liehr13 minutes

  • Psychology to the rescue: Customer Engagement Tactics

    When there is a clear long term plan, and a strong brand to support a company the issue of using the right tactics to trigger users’ interest towards your product arises continuously. This is where design, branding, and psychology come to the rescue.

    Better PracticesLeart Zogjani6 minutes

  • Tokenization - Definition, Challenge and Use of the Token Economy.

    Tokenization allows virtually any real-world asset to be represented on the Blockchain. By 2027, according to a WEF estimate, 10% of global GDP will be stored on the Blockchain, around USD 9.38 trillion. The central building block for the emergence of a token economy is tokenization. This article describes what it is all about and its partly disruptive significance.

    Blockchain & Smart ContractsMarkus Hammer11 minutes

  • 12 use cases where enterprise search delivers value

    Data volumes in companies are growing and the number of data silos in the company is constantly increasing. In order to be able to provide employees with the right information at all times, more and more companies are turning to internal search engines. Often, however, the idea of concrete use cases is missing in order to recognize the added value in one's own company. Reason enough to look at various use cases in this article.

    ITBastian Maiworm9 minutes