25 July 2016
Bo Harald

Good for society at large

Bo Harald - ZEF and Real Time Economy Program

331Posts 1,137,797Views 220Comments
Innovation in Financial Services

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Everybody writing - nobody reading?

05 February 2014  |  2175 views  |  0

Everybody is writing and nobody reading? Writing takes all the time available.. I should of course not complain as my posts here have soon generation one million page views...

But we do live in a time of COMMUNICATION CRISIS as the technology and information avalanche is fragmentating audiences into ever smaller groups - where everyone has less time for any one thing. This is a very tangible problem for new businesses and new practices - what in the past could have been easily adopted with ordinary methods, now requires much more than even social media can offer to catch on. At one point we thought that 2 minute videos would solve the problem - but then there is an avalanche of them as well.. And then you have the occasional wild card that for no apparent reason is skyrocketing - very much due to social media distribution.

What makes this issue exponentially more important is that the most important innovations require a network of actors - co-innovation, co-creation, co-production, co-serving, re-use of existing services and customer habits x-sectors, co-regulating, co-deregulating and even co-standardization - often even on a global scale. Very few - if any - can pull off something of importance. And to get this kind of co-operation going is very difficult - especially as quarterly capitalism is underlining everything else than investment into the longer term bigger benefits. New real time ecosystems are not born overnight without longterm commitment.

Do I have an answer? Not really.. But what I keep experiencing that you seem to have to talk people into even evident win-wins one at a time - so do it! It does work. Then when I find time to read for example blogs I am surprised how much I actually can learn and hopefully pass on into the multistakeholder programs I am participating in. So I have to find time for it - even at the cost of writing less..

TagsMobile & onlineInnovation

Comments: (0)

Comment on this story (membership required)

Latest posts from Bo

Up and down - from the e-invoice

14 June 2016  |  3934 views  |  1 comments | recomends Recommends 1 TagsPaymentsInnovationGroupElectronic invoicing

Nudging is not enough

27 April 2016  |  2322 views  |  0 comments | recomends Recommends 0 TagsRetail bankingInnovationBrexitGroupInnovation in Financial Services

Nobody promised you a Rose Garden..

26 April 2016  |  1053 views  |  0 comments | recomends Recommends 1 TagsPaymentsInnovationGroupElectronic invoicing

New innovation road block

25 April 2016  |  2869 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineInnovationGroupInnovation in Financial Services

Socio-technical landscape revisited

15 April 2016  |  5081 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineRetail bankingGroupInnovation in Financial Services

Bo's profile

job title Chairman/Founding member
location Helsinki region
member since 2008
Summary profile See full profile »

Bo's expertise

Who's commenting on Bo's posts

Ger Clancy
John Candido
Ketharaman Swaminathan