Altreya Consulting

Tuve el increíble honor de participar en el CRTIC FEST en Chile la semana pasada. Fue una experiencia inspiradora conectar con tantas mentes innovadoras e intercambiar ideas sobre el futuro de la tecnología y la creatividad. ¡Gracias a todos los que hicieron posible este evento! CRTIC | Centro para la Revolución Tecnológica en Industrias Creativas Isidora Cabezón Papic Maximiliano Santa Cruz Adam Dubov Christopher Widauer Michael Sehgal Letícia Setembro Pablo Christiny Diaz Manuela Reyes Pablo B. Matthew Biggs Revisa este artículo que apareció en el El Mercurio de hoy: https://lnkd.in/gyAUJ9Jw I had the incredible honor of participating in the CRTIC FEST in Chile last week. It was an inspiring experience to connect with so many innovative minds and exchange ideas on the future of technology and creativity. Thank you to everyone who made this event possible! Check out this article that appeared in today's Chilean newspaper, El Mercurio. https://lnkd.in/gyAUJ9Jw

Strong Alliances Drive Value In the fast-paced world of technology, innovation is only the first step toward success. To effectively monetize and scale technology, forming strategic alliances is crucial. These partnerships can provide the necessary resources, market access, and expertise to propel your organization to new heights. Here are five key benefits of Strategic Alliances: 1️⃣ Accelerate revenue growth ⚡ Strategic alliances can significantly boost revenue growth by opening up new markets and customer segments. Partnering with established companies allows a tech startup, for instance, to leverage the partner's customer base, distribution channels, and market presence. This access can lead to expansion into new geographies, increased sales, and quicker market penetration. 2️⃣ Decrease Cost 💸 Alliances can help reduce costs by sharing resources, infrastructure, and expertise. By partnering with other companies, your organization can benefit from economies of scale, shared R&D costs, and access to specialized skills without the need for significant internal investment. With this type of partnership, an organization can leverage the partner's capabilities and cost efficiencies. 3️⃣ Leverage Risk 🔺 Entering into strategic alliances allows your organization to share and mitigate risks associated with new ventures while increasing the likelihood of successful product launches and market adoption. By distributing the financial, operational, and market risks among partners, your organization can pursue ambitious projects that it might not be able to undertake alone. 4️⃣ Build Competencies 📚 Alliances offer a valuable opportunity to build and enhance competencies. By collaborating with partners who have complementary strengths, your organization can gain access to new knowledge, technologies, and practices. This continuous learning and skill development is crucial for staying competitive in the dynamic tech landscape. 5️⃣ Create New Industry Standards 🚀 Strategic alliances can play a pivotal role in creating new industry standards. By working together, your organization can drive the adoption of new technologies, protocols, and best practices that shape the future of the industry. Establishing these standards can position the partners as leaders in their field and provide a competitive advantage. Alliances are crucial for effectively monetizing and scaling technology. Strong and relevant connections can be the deciding factor between reaching your goals and missing them. Don’t overlook the value of strategic partnerships. – If you're thinking about elevating your organization’s deployment of technology and innovation, send us a direct message and check out our website.

7 Things Your Organization Needs for Innovative Operations ( 7 of 7) 1. An Experienced Innovation Team   2. Customer Centric Leaders and Decision Makers  3. An Understanding and Tolerance for Risk  4. Tools and Processes Supporting and Enabling Innovation  5. Financial Resources to Fund and Scale Innovation 6. An Ability to Measure and Monitor Activities 7. 📈 An Ability to Scale Innovation into a Sustainable Offering 📈 How can scaling innovation transform creative ideas into long-term, market-leading products that drive growth and competitive advantage? Scaling innovation transforms initial creative ideas into long-term, viable products or services that drive growth and competitive advantage. It ensures that innovations reach a broader market, maximizing their impact and return on investment. Creating sustainable offerings establishes a consistent revenue stream, driving the organization’s bottom line. This approach allows organizations to maintain relevance, adapt to changing market demands, and achieve lasting success. Share your insights below. --- If you're thinking about elevating your organization’s deployment of technology and innovation, send us a direct message and check out our website: altreya-consulting.com

7 Things Your Organization Needs for Innovative Operations ( 6 of 7) 1. An Experienced Innovation Team   2. Customer Centric Leaders and Decision Makers  3. An Understanding and Tolerance for Risk  4. Tools and Processes Supporting and Enabling Innovation  5. Financial Resources to Fund and Scale Innovation 6. 📊 An Ability to Measure and Monitor Activities How can assessing the right KPIs transform your innovative initiatives into impactful results? If you can't measure it, you can’t manage it. If you use the wrong measure, you can’t manage initiatives effectively. Yet, many organizations measure the success of developing technology using metrics best suited for evaluating mature, established operations. This inevitably leads to projects being killed prematurely or funding being reduced, rendering them ineffective. Measuring and monitoring provide insights into the effectiveness and impact of innovative initiatives. Measures of success for technology innovation differ significantly from those for a mature product offering due to varying objectives, stages of development, and respective market dynamics. By tracking the right KPIs and metrics, organizations can appropriately assess progress, identify areas for improvement, and ensure resources are allocated efficiently to support innovation. This data-driven approach ensures that innovation efforts are aligned with strategic goals and can demonstrate tangible results. Additionally, it enables timely adjustments and fosters accountability and transparency. 7. An Ability to Scale Innovation into a Sustainable Offering Share your insights below. --- If you're thinking about elevating your organization’s deployment of technology and innovation, send us a direct message and check out our website: altreya-consulting.com

7 Things Your Organization Needs for Innovative Operations ( 5 of 7) 1. An Experienced Innovation Team   2. Customer Centric Leaders and Decision Makers  3. An Understanding and Tolerance for Risk  4. Tools and Processes Supporting and Enabling Innovation  5. 💵 Financial Resources to Fund and Scale Innovation 💵 We have all seen awesome, innovative initiatives get killed… 🤔 How can you ensure your strategic technology-based innovations succeed and get the funding and support they deserve? We all know financial resources provide the necessary capital to develop, test, and bring new ideas to market. Without sufficient financial backing, even the most promising innovations fail to materialize. One of the major challenges for technology-based innovations is ensuring adequate funding from the technology concept to the minimum viable product (MVP) and deployment at scale. The metrics and measures of progress and success must be clearly aligned and understood by leadership to ensure that the organization can invest in cutting-edge technologies, hire skilled talent, and sustain R&D efforts. 6. An Ability to Measure and Monitor Activities 7. An Ability to Scale Innovation into a Sustainable Offering Share your insights below. --- If you're thinking about elevating your organization’s deployment of technology and innovation, send us a direct message and check out our website: altreya-consulting.com

7 Things Your Organization Needs for Innovative Operations (4 of 7) 1. An Experienced Innovation Team   2. Customer Centric Leaders and Decision Makers  3. An Understanding and Tolerance for Risk  4. 🧰 Tools and Processes Supporting and Enabling Innovation The right tools and processes transform innovative ideas into successful, market-ready solutions. Tools and processes that support and enable innovation provide the necessary infrastructure and framework for idea generation, development, and implementation at scale. These tools and processes streamline workflows, facilitate collaboration, and ensure that innovative efforts are systematically pursued and evaluated. The key is ensuring the innovation strategy is aligned with the operational structure and day-to-day operations. By reducing barriers and enhancing efficiency, teams are empowered to experiment, iterate, and bring new ideas to market more swiftly and effectively. This structured approach not only increases the likelihood of successful innovation but also fosters a culture of continuous improvement and adaptability within the organization. 5. Financial Resources to Fund and Scale Innovation 6. An Ability to Measure and Monitor Activities 7. An Ability to Scale Innovation into a Sustainable Offering Share your insights below. --- If you're thinking about elevating your organization’s deployment of technology and innovation, send us a direct message and check out our website: altreya-consulting.com

7 Things Your Organization Needs for Innovative Operations ( 3 of 7) 1. An Experienced Innovation Team   2. Customer Centric Leaders and Decision Makers  3. ⚠️ An Understanding and Tolerance for Risk ⚠️ Are you prepared to navigate the major innovation risks to achieve bold, transformative success and high returns on investment? A balanced risk-to-reward perspective allows organizations to pursue bold, transformative ideas that can lead to significant competitive advantages and high ROIs. There are four major categories of innovation risks that are essential to understand: 🔺(1) Desirability Risk - Lack of customer interest 🔺(2) Viability Risk - Insufficient revenue generation 🔺(3) Feasibility Risk - Inability to build or deliver 🔺(4) Adaptability Risk - Unfavorable external conditions By strategically managing and mitigating these four risks, organizations can foster a culture that encourages experimentation while learning from failures. This approach ultimately drives breakthrough innovations, sustainable growth, and long-term success. 4. Tools and Processes Supporting and Enabling Innovation  5. Financial Resources to Fund and Scale Innovation 6. An Ability to Measure and Monitor Activities 7. An Ability to Scale Innovation into a Sustainable Offering Share your insights below. --- If you're thinking about elevating your organization’s deployment of technology and innovation, send us a direct message and check out our website: altreya-consulting.com

7 Things Your Organization Needs for Innovative Operations ( 2 of 7) 1. An Experienced Innovation Team   2. Customer Centric Leaders and Decision Makers 📉 How often do new products fall short of customer needs or wants? It's amazing how often our teams hear the technology or product teams blaming the end-user for not being smart enough to use the “new” or “awesome” product they just launched. Engineer to customer: “You are not using it right!” Our teams have even seen product teams reject critical customer feedback and, in the same breath, blame sales for poor product adoption. Leaders and decision-makers closely connected to customers ensure that innovations align with customer needs and preferences. Customer centricity enables these leaders to gain deep insights into customer pain points, desires, and behaviors, allowing the organization to develop products and services that truly resonate with the market. Without customer-centric leaders, technology teams might develop products with unnecessary features and functionalities. This close connection fosters a feedback loop that continuously informs and refines innovation strategies – ensuring relevance and enhancing customer satisfaction and loyalty. Ultimately, a customer-centric approach to deploying technology based innovation drives sustainable growth by prioritizing solutions that deliver real value to the end user. 3. An Understanding and Tolerance for Risk  4. Tools and Processes Supporting and Enabling Innovation  5. Financial Resources to Fund and Scale Innovation 6. An Ability to Measure and Monitor Activities 7. An Ability to Scale Innovation into a Sustainable Offering Share your insights below. --- If you're thinking about elevating your organization’s deployment of technology and innovation, send us a direct message and check out our website: altreya-consulting.com

7 Things Your Organization Needs for Innovative Operations ( 1 of 7) 1.💡 An Experienced Innovation Team  💡 How can you bring innovative ideas to life without the support of an experienced and innovative team? An experienced team brings a wealth of knowledge, diverse perspectives, and proven problem-solving skills. Such a team can efficiently navigate complex challenges, foster a culture of creativity, and implement cutting-edge solutions. Their expertise accelerates the innovation process, reduces risks associated with new ventures, and enhances the organization's ability to stay competitive in a rapidly evolving market. By leveraging their experience, organizations can more effectively translate innovative ideas into tangible, impactful outcomes. 2. Customer Centric Leaders and Decision Makers 3. An Understanding and Tolerance for Risk 4. Tools and Processes Supporting and Enabling Innovation 5. Financial Resources to Fund and Scale Innovation 6. An Ability to Measure and Monitor Activities 7. An Ability to Scale Innovation into a Sustainable Offering Share your insights below. --- If you're thinking about elevating your organization’s deployment of technology and innovation, send us a direct message and check out our website: altreya-consulting.com

7 Things Your Organization Needs for Innovative Operations ( 1 of 7) 1.💡 An Experienced Innovation Team  💡 How can you bring innovative ideas to life without the support of an experienced and innovative team? An experienced team brings a wealth of knowledge, diverse perspectives, and proven problem-solving skills. Such a team can efficiently navigate complex challenges, foster a culture of creativity, and implement cutting-edge solutions. Their expertise accelerates the innovation process, reduces risks associated with new ventures, and enhances the organization's ability to stay competitive in a rapidly evolving market. By leveraging their experience, organizations can more effectively translate innovative ideas into tangible, impactful outcomes. 2. Customer Centric Leaders and Decision Makers 3. An Understanding and Tolerance for Risk 4. Tools and Processes Supporting and Enabling Innovation 5. Financial Resources to Fund and Scale Innovation 6. An Ability to Measure and Monitor Activities 7. An Ability to Scale Innovation into a Sustainable Offering Share your insights below. --- If you're thinking about elevating your organization’s deployment of technology and innovation, send us a direct message and check out our website: altreya-consulting.com