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What are some of the best practices for collecting and analyzing data on innovation performance and results?

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Innovation is essential for any business that wants to stay competitive and grow in a dynamic and uncertain environment. But how do you measure the impact and value of your innovation efforts? How do you know if you are investing in the right projects, processes, and people? How do you communicate your innovation achievements and challenges to your stakeholders? In this article, we will explore some of the best practices for collecting and analyzing data on innovation performance and results, and how they can help you improve your innovation strategy and culture.

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??Juliana Alencar

CEO | Speaker | #TopVoice #inova??o #cultura #lideran?a #Professora People Skills @Link School of Business

1 Define your innovation goals and metrics

Before you can collect and analyze data on innovation, you need to have a clear and shared understanding of what innovation means for your business, and how you will measure its success. You need to align your innovation goals with your overall business objectives, and define relevant and realistic metrics and indicators that can capture the different aspects and stages of innovation. For example, you might want to track inputs (such as resources, investments, and skills), outputs (such as new products, services, or processes), outcomes (such as customer satisfaction, market share, or revenue), and impacts (such as social, environmental, or economic benefits). You also need to consider the different types and levels of innovation, such as incremental, radical, or disruptive, and individual, team, or organizational, and how they relate to your strategic priorities and capabilities.

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??Juliana Alencar

CEO | Speaker | #TopVoice #inova??o #cultura #lideran?a #Professora People Skills @Link School of Business
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O combinado nunca sai caro! Por isso, investir um tempo antes no projeto, focando em desenhar KPIs de sucesso, é fundamental. Vale ressaltar que a diferen?a entre inova??o e inven??o é que a inova??o precisa, de fato, trazer benefícios ao negócio ou a alguém. Portanto, KPIs de sucesso s?o aqueles que aprimoram a vida de alguém, seja ao ganhar ou economizar tempo, dinheiro, agilidade, facilidade, saúde ou comodidade. Entender quais s?o as principais dores e oportunidades para investir o tempo da inova??o em iniciativas que realmente mudem o rumo da empresa é fundamental!

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Diogo Soares

Engenheiro de Planejamento | Especialista em Gest?o de Projetos | CAPEX | Engenheiro Mecanico | AWP Expert | Google Project Management | Green Belt em Lean Six Sigma
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Coletar e analisar dados de inova??o demanda a defini??o de métricas relevantes, o uso de plataformas de análise, estabelecimento de baselines e metas, incorpora??o de feedback contínuo e promo??o de uma cultura inovadora. é crucial analisar tendências de mercado, avaliar o ROI, garantir seguran?a e ética dos dados, facilitar a comunica??o interna e investir na capacita??o da equipe. Seguindo essas práticas, uma organiza??o fortalece sua capacidade de tomar decis?es informadas, impulsionando o sucesso sustentável.

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2 Collect data from multiple sources and methods

To get a comprehensive and accurate picture of your innovation performance and results, you need to collect data from multiple sources and methods, both quantitative and qualitative. You need to use a mix of internal and external data, such as financial reports, customer feedback, surveys, interviews, focus groups, observations, experiments, benchmarks, or case studies. You also need to use a variety of methods to collect data, such as online platforms, mobile apps, dashboards, sensors, or analytics tools. You need to ensure that your data collection is consistent, reliable, and ethical, and that you have the necessary permissions, privacy policies, and security measures in place.

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??Juliana Alencar

CEO | Speaker | #TopVoice #inova??o #cultura #lideran?a #Professora People Skills @Link School of Business
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é comum que as iniciativas de inova??o a curto prazo tenham poucos recursos e tempo disponíveis. Por isso, o maior desafio de uma equipe de inova??o é desenvolver a habilidade de tomar decis?es rápidas mesmo diante de poucas informa??es. E a equipe só obterá sucesso nessa rápida a??o, se conseguir definir quais s?o as perguntas que precisam ser respondidas para dar o próximo passo e entender se a etapa concluída obteve sucesso ou n?o. Quanto mais rápido for possível identificá-las para embasar os entendimentos que trar?o resultados relevantes e concentrar energia em ganhar contexto e apoiar essas decis?es, maior impacto será gerado para o projeto.

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3 Analyze data with appropriate tools and techniques

Once you have collected enough data on your innovation performance and results, you need to analyze it with appropriate tools and techniques to extract meaningful insights and recommendations. You need to use a combination of descriptive, predictive, and prescriptive analytics to understand what has happened, what might happen, and what should happen with your innovation activities. You also need to use visual, interactive, and storytelling methods to present and communicate your data analysis in a clear and engaging way. You need to use tools and techniques that are suitable for your data type, size, and quality, and that can help you answer your specific innovation questions and hypotheses.

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??Juliana Alencar

CEO | Speaker | #TopVoice #inova??o #cultura #lideran?a #Professora People Skills @Link School of Business
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A interpreta??o e contextualiza??o dos dados s?o mais cruciais do que os próprios dados. Criar hipóteses com base no que foi construído, desenvolver uma jornada e criar um storytelling que defenda os pontos abordados s?o ainda mais fundamentais para amadurecer as decis?es tomadas e esclarecer os entendimentos. Além disso, esse entendimento simplificado é crucial para atrair mais aliados e contribuintes para este quebra-cabe?a. Portanto, é essencial que você reconhe?a onde você “joga bem” e identifique pessoas que possam complementar suas habilidades, trabalhando juntos para sintetizar ideias e traduzir de maneira clara e didática as hipóteses e aprendizados.

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LUIS REDIN

Experto en Aviación: Trayectoria y Logros
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Gathering and evaluating data entails defining specific requirements, collecting information from various sources, organizing and refining the data, analyzing it for insights, interpreting the results, applying these findings, and consistently reviewing for better decision-making and improvements.

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4 Use data to inform and improve your innovation decisions and actions

The ultimate goal of collecting and analyzing data on your innovation performance and results is to use it to inform and improve your innovation decisions and actions. You need to use data to evaluate your innovation performance and results against your goals and metrics, and to identify your strengths, weaknesses, opportunities, and threats. You also need to use data to test and validate your innovation assumptions and ideas, and to learn from your failures and successes. You need to use data to optimize your innovation processes and practices, and to allocate your resources and investments more efficiently and effectively. You also need to use data to communicate and demonstrate your innovation value and impact, and to inspire and motivate your innovation culture and mindset.

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??Juliana Alencar

CEO | Speaker | #TopVoice #inova??o #cultura #lideran?a #Professora People Skills @Link School of Business
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Eu utilizo muito a frase do Jim Barksdale no meu dia a dia, que diz: 'Se temos dados, vamos olhar os dados. Se só temos opini?es, ficamos com a minha'. Qualquer projeto, seja de inova??o ou n?o, sem dados que fundamentem as tomadas de decis?o s?o puro achismo. Acredito que essa mentalidade de dados n?o se aplica apenas a projetos de inova??o; daqui para frente, precisaremos adotá-la em tudo o que quisermos fazer. Se buscarmos constantemente medir o impacto do nosso trabalho, identificar o que está funcionando ou n?o no dia a dia com a equipe e clientes, teremos, como profissionais, muito mais controle e protagonismo na própria vida para trilhar nossos caminhos e fundamentar promo??es e crescimentos.

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LUIS REDIN

Experto en Aviación: Trayectoria y Logros
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The primary aim of collecting and analyzing innovation data is to improve decision-making and actions. This includes assessing performance against objectives, recognizing strengths, weaknesses, opportunities, and threats. Moreover, data assists in validating assumptions, deriving lessons from both successes and failures, streamlining procedures, efficiently allocating resources, demonstrating innovation's value, and nurturing an innovative environment.

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5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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LUIS REDIN

Experto en Aviación: Trayectoria y Logros
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It's captivating how stories and experiences can surpass predefined boundaries. For example, narratives of resilience amid difficulties, inventive solutions arising from unexpected situations, or personal anecdotes revealing distinctive viewpoints can be remarkably enriching. The unexpected holds beauty in narratives that defy categories, offering immense value through their uniqueness and human connection. If you have personal stories, unique experiences, or intriguing insights to share, I'm eager to hear them!

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What are some of the best practices for collecting and analyzing data on innovation performance and results?

1

2

3

4

5

1 Define your innovation goals and metrics

2 Collect data from multiple sources and methods

3 Analyze data with appropriate tools and techniques

4 Use data to inform and improve your innovation decisions and actions

5 Here’s what else to consider

Business Innovation

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What are some of the best practices for collecting and analyzing data on innovation performance and results?

1

2

3

4

5

1 Define your innovation goals and metrics

2 Collect data from multiple sources and methods

3 Analyze data with appropriate tools and techniques

4 Use data to inform and improve your innovation decisions and actions

5 Here’s what else to consider

Business Innovation

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