Glaze’s Business Innovation and Development Framework encompasses activities, strategy, roles and deliverables from ideation to implementation. This section merely introduces some of these tools for identification of opportunities and how to evaluate business potential while exemplifying with real-life examples of IoT-applications:
1. Iterative Approach: The competition is already experimenting. Get started with fast iterations and avoid pitfalls ranging from an over-eager R&D to a damaging ‘wait and see’ approach.
2. Business Models: Enhance traditional product sales by an added services business to in-market products based on data. Pursue new business models and justify the inevitable ”show me the money” inquiry when introducing digital services.
3. Ideation Principles: Analyse the current situation, identify new business potential with the input from essential stakeholders. Evaluate ROI and risks in implementation and change involved.
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