We all want it!! The need to innovate is at the top of every corporation and every government’s list of things necessary for the creation of opportunity, new industries and jobs. But for all the perpetually appearing, bright and shiny new devices that we refer to as innovations, what are we doing to make innovation itself more efficient, faster and more evenly distributed?
There has been several much talked about technology launches over the last year, but they were more upgrades than something dramatically new. It prompts a discussion: can we push technological boundaries as rapidly as we once did? While some have perhaps been too pessimistic and are wondering if innovation is even possible in modern consumer tech, or even if we’ve reached peak innovation, what we should be asking is, “how we can innovate better?” Continue reading
Video games have been entertaining us for nearly 30 years, ever since Pong and Space Invaders was introduced in our local arcades, but did you know that Augmented Reality will be the next big thing and it’s not just child’s play!
Virtual Reality (VR) and Augmented Reality (AR) most often are mentioned in the same breath, but there are significant differences between the two technologies, even though they also share many similar features.
Smart firms realize that in order to be competitive in today’s rapidly shifting economic and geopolitical environment, they cannot rest on their laurels. They must be prepared to innovate and explore business opportunities around the globe.
Governments are also coming to terms with the need to ensure that the frameworks for supporting business innovation and trade are in place for long-term economic growth. Beyond business and government, organizations in the so-called “third-sector,” comprised of nonprofits, associations, and universities, also influence the innovation and trade dynamic.
Through the Endeavor Fellowship Program I recently had an opportunity to immerse myself in the innovation and trade conversation in Australia and look specifically at the roles that third-sector organizations, like the American Chamber of Commerce and universities, play in supporting and facilitating the trade and innovation dynamic between the United States and Australia. To explore this, I reviewed reports and media, talked to individuals involved, and attended various events related to the issue.
This is what I discovered:
In my capacity as a Director of the American Chamber of Commerce, I had the pleasure this week to co-host a business roundtable with US Vice President Biden in Sydney, together with Premier Mike Baird and Jennifer Westacott from the BCA. I took the opportunity to talk about the importance of free trade. Here is what I had to say.
Article by Nicholas Talbert, AmCham Intern
Innovation is an essential strategy for every business seeking to adapt to change and maintain a competitive foothold in its industry. Andrew Penn, CEO of Telstra, will discuss how digital innovation is changing the nature of customer experience, competition and business boundaries at the AmCham event in Melbourne on 19th May. Continue reading
“Innovation has to start with a real desire to shape the future and improve the life of the consumer”.. Robbert Rietbroek – CEO, PepsiCo Australia & New Zealand
“There are many companies in Australia that take risks and are prepared to fail fast”.. Kate Burleigh – Managing Director, Intel Australia & New Zealand
“In some form or another we all need to be innovators”.. Nick Wilson – Managing Director, Hewlett Packard Enterprise South Pacific
“Culture drives innovation in our industry” .. David Gallagher – Chairman & Managing Director, Pfizer Continue reading
On November 8-13, AmCham launched our first Innovation Mission to California, U.S.A. The mission opened in San Diego and culminated in San Francisco.
AmCham Innovation Mission delegation outside Intel
Along with senior AmCham leaders, the mission was attended by over 35 delegates from Australia from a broad range of sectors from biotech to defence to government. In the video, some of our delegates such as Geoff Culbert, President and Chief Executive at General Electric Australia & New Zealand, U.S. Ambassador (ret.) Jeffrey L. Bleich, Partner at Munger Tolles & Olson, Zeke Solomon AM, Senior Advisor at Allens, Angelos Frangopoulos, CEO at Sky News Australia, Janet Whiting, Partner at Gilbert + Tobin and Alida Rossi, Director Customer Excellence – ANZ at AbbVie give a debrief on the mission.
With the aim to capture the essence of California’s innovative spirit, delegates brought back what they learnt to their Australian companies. Through this mission, we hope to continue to foster new partnerships and relationships – building an “innovation bridge” between Australia and the US. By nurturing these kinds of partnerships on our two shores we will strive to create a dynamic business ecosystem. It will be one that is more productive, competitive and, of course, innovative.
If you are interested in reading more on AmCham’s Innovation Mission select this link.
To register your interest for AmCham’s 2016 Innovation Mission please email email@example.com
INNOVATION has been given plenty of currency in Australia’s political and economic narrative of late – in no small part because of the first speech from prime minister Malcolm Turnbull on the night of his ascension to the nation’s top job.
“The Australia of the future has to be a nation that is agile, that is innovative, and that is creative,” he said.
It is something on which all sides of politics can surely agree – it’s how we create the conditions to drive this innovation that is at the heart of this renewed debate. Tax breaks for start-ups as well as incentives and new investment mandates for our $2 trillion superannuation system will surely be part of the mix.
AmCham Innovation Mission delegates at Qualcomm
But let’s step back. Innovation. Its etymology is important here. It is about renewal, a new and more efficient way of doings things. Innovation is at the heart of digital disruption we are witnessing – across the media industry, in the way we bank, travel, and engage with the health system. Even the way we engage as parents with our children – well, try as we might, as they remain glued to their devices. Continue reading