We interview innovation leaders from around the world and share their insights on corporate innovation.
Adam Long is UNICO’s Chief Information Officer. He has over 27 years’ experience envisioning and delivering software projects and products. He has worked for leading global companies including ANZ Banking Group, Aviva, IBM, PwC and QSR International.
Attending the Harvard Business School course ‘Leading and Building a Culture of Innovation’, reflecting upon how the paradoxes of innovation have applied to our organisation, and how we can facilitate the necessary tensions of:
I am most excited and frightened by Artificial Intelligence (AI). The possibilities of AI are truly infinite, from early diagnosis of chronic health conditions to self-driving autonomous cars. Concerningly, Stephen Hawking described that full artificial intelligence would pose a threat to our existence and recently Elon Mask warned that humans risk being overtaken by AI within 5 years.
The biggest barrier to corporate innovation I faced was creating a sense of permission and perceived value to innovate as it conflicted with operational business practices, processes, and metrics. To overcome this, we ran a 2-day company-wide hackathon during COVID-19 which forced us to run this completely remotely. Over 50% of staff took part in a hack team and over 80% of staff attended the live hack pitches. We also created a corporate accelerator named uSpark, initially focused on productising Unico developed IP, including a COVID-19 inspired solution for smart workspaces called JourneyHub. Excitingly, we are launching uSpark in February to work with external collaborators.
COVID-19 has accelerated the adoption of digitalisation in businesses, from the automation of manufacturing and logistics to the rapid adoption of new technologies in service industries. We will see a more pronounced divide between businesses that experimented and adapted during COVID-19 versus businesses that struggled with the disruption. The trend will be a continued shift to cloud computing and new business models emerging due to increased societal acceptance of new technology.
In this ebook, we provide a brief overview of Proptech, what it means for incumbents in the real estate industry and what they can do to best prepare and respond to these imminent changes to BAU.