INNOVATION AT HOME AND ABROAD A MarketPoint Infographic 1 Switzerland 2, Sweden 9 3.United Kingdom 4. Netherlands 7-Hong Kong (hing 8 Singapore 8, Denmark 10. reland 9 Most Executives Consider Innovation Vital Where are Companies Focusing Their to Success (2) Innovation Priorities? (2) 0, 0, 0 ‘oO 85% 78% agree that innovation is say innovation is a important to the success “competitive necessity” on Enhancing the on finding new ways to of their company for their organization Customer Experience monetize existing products 93% = ~2k 0 0 77%) 71% 65% say organic growth through expect their growth innovation will drive the to be driven by . greater proportion of their mergers and on Servicing on New Value on Lower revenue growth pergiisiiors Under-serviced Offerings Cost Models Customers COMPANIES LOOK TO COLLABORATION AS A LEADING SOURCE OF INNOVATION (2) plan to collaborate with ac 6CU tC iio 87% 86% 68% 56% 35% Strategic Partners Customers Suppliers Academics Competitors Unfortunately Ah of organizations seem to be focused on “renovation” rec a SM LAS s P Lulu mec UE Nya FO} ete ari esc o e INNOVATION CAN BE FOUND IN THE STRANGEST PLACES (4) The City of Los Angeles recently synchronized 4,500 traffic signals in a 469 square mile area to ease traffic flow. Acentralized computer system combines real-time feeds from magnetic sensors at intersections and hundreds of cameras with ~~ historical data to make second-by-second decisions. It has been able to increase average speed in the city by 16 percent. BEING SEEN AS INNOVATIVE CAN HELP Millennials place a high value on innovation (6) COMPANIES WIN THE WAR FOR TALENT (ACCORDING TO EMPLOYEE NET PROMOTER SCORES (ENPS) (5), 23; (56) “a The Innovation Conundrum (3,2) ns ;—© «Electric power 18% 9 9 93% regard their company's 74% say innovationisas 187 believe their innovation long-term success to be dependent important to success as strategy is delivering a on its ability to innovate operational effectiveness competitive advantage PNR ase hc eunCm eA Rue ir ele ()} Google's autonomous cars have Therehas been a300% increase in _Cloud Storage costs organizations travelled over 300,000 miles machine-to-machine connections less than 33% of the cost of owning with only one accident over the past 5 years their own servers = =a @ Actes of genetically modified Electric vehicle battery prices The cost of home 3-D printers crops increased 100 fold, from have dropped 40% since 2008 has dropped by 90% in just 4 NS a Ol (1)"clbat innovation index” Wer nteletal Property Organization (WIPO Corel Univers and INSEAD 2013) (2)"Beaenrough novation and Growth” PWC (2012) (2)-Why Low Rsk nmovaton ie Cost” Acentre 2012) (Ten -Enabled Business Trends forthe Decade Abend McKinsey [peated May 2013) (Taking te Measure ot (6 "mien nous Survey Delete Janary 2013) eraten Perfomance” Bain (2013) (08g dat: The nex ener ferinnevation, cmpttin and reduc” Melinsey bal Institute (201) (a) Disptvetectnoleges: vances tht wil transform if, busines, andthe lal conomyMekinsey 2013)