The speed and variety of new ideas makes technology innovation harder than ever before. For most of the last 30 years, those of us in the field of information technology only really concerned ourselves with one major new technology trend at a time – distributed computing, GUIs, OOAD or data warehousing. Now we have not one, but a flood of technologies: mobile, social media, big data and analytics, cloud, the Internet of Things and 3D printing, to name a few, rushing toward us all at once. The reassuring news is that there are as many sources of learning and opportunity to fuel innovation as there are technologies to consider integrating into your technology portfolio. But, you need to know where to look.
Most corporations have a history of learning about new technologies by tapping a few trusted vendors, attending a conference or two and and reading trade publications. Some of the more progressive companies look to universities. Even fewer today rely on the venture capital world and some have taken on their own corporate venturing. But, companies don’t have to invest millions to partner with a university or fund a venture business to innovate in today’s disruptive digital marketplace.
The barriers of entry to innovate have never been lower as easy-to-access communities with ideas and talent grow more and more plentiful. For a fraction of the cost of traditional outside-in innovation, you can open the door to intriguing worlds and be inspired to create a new product or business model, source talent or acquire a company. I guarantee that if you explore at least one of these communities your mind will start to swim with possibilities for how to push your company’s agenda forward. It’s time to fight fire with fire to stoke the flames of innovation by bringing the outside in.