Accelerating Your Business With A Innovation Lab

As new disruptive technologies emerge and the number of competitors increases exponentially, staying ahead of the curve in the business world can get quite challenging. Finding the best opportunities to focus on and crowdsourcing new solutions can help you turn the table and embrace change and transform it into a competitive advantage. 

In this article, you will learn from my own experience working alongside a fantastic team to start BMC Innovation labs. I will discuss why an innovation lab makes sense and can accelerate your own business.

BMC's Innovation Lab exists today as an incubator or accelerator with the goal of devising novel ideas that can either disrupt or complement the overall company. We know that our innovation lab lets us discover the best opportunities, excite our employees, collaborate on new ideas and lets us take an innovative idea and turn it into a business outcome that will provide tangible benefits that can be a long and complex process. 

Companies of all stripes need to innovate to stay ahead. What does that look like? Imagine these three scenarios: (here we used our own proven technologies and augmented it with open or partner technologies)

1) Wouldn’t it be extraordinary to simulate plans or build what-if scenarios for the products, facilities, and processes you wished to change before you put real-world resources behind actual implementations?

What would it be like if we could take the monitoring power of our industry-proven BMC Helix and tie it to a digital twin of a hydroelectric power plant that overlays a hydropower plant’s control room operations center on a live video feed of the water dam to model what-if scenarios?

2) A company needs to understand inventory levels to plan and project shipments. What if we could use machine learning algorithm's to project the inventory? The use case could be that IoT sensors monitor the current inventory and this data captured via controllers are used to project future inventory needs.

3) If you’re experiencing technical difficulties in a conference room, wouldn’t it be nice to simply click a button that creates a ticket in your service management system to report the issue?

The BMC Innovation Labs is just such a place to create, nurture, and test ideas to find out if a promising concept could turn into a product or feature. It’s designed as a safe place to fail fast and keep iterating. Initial ideas include fast prototyping of algorithms to address use cases such as AIOps and incubating machine learning (ML) frameworks implemented within BMC AMI, BMC Helix, partner products and other solutions as we explore even more of what’s possible.

BMC Innovation Labs will also provide a venue for customers and partners to bring ideas that go beyond traditional enterprise IT thinking.

Bringing New Ideas to Life

Today, the BMC Innovation Labs is a critical piece of BMC’s commitment to cultivating new and innovative thinking and ideas.

It provides an environment for employees, partners, and customers to come together to engage in ideas that will help meet our customers’ future needs.

As I conclude I can tell say with confidence based on experience that any innovation labs, when lacking clear goals or road maps, sometimes fall prey to what is known as the “innovation theater.” This occurs when companies decide to open an innovation lab in order to market the fact they have one, without taking the time to outline specific goals that would make it successful.

Good luck on your journey and we invite you to come to innovate with us...

https://www.bmc.com/corporate/bmc-innovation-labs.html