Bridging the Gap Between Open Innovation and Research Teams

How Innovation and Research teams can better work together

We’re excited to relaunch The Intersect, a newsletter focused on bringing you the latest trends in research, innovation and market trends in key sectors. In this edition, we’ll explore how to align the different objectives and incentives of innovation vs. research teams, and how that can generate new ideas, new products, and new content. We’ll highlight dynamic product features designed to elevate your collaboration and innovation.

Read on to learn from our expert-curated insights to help drive strategy, research, and development for innovation professionals like yourself in 2024 and beyond.

-NotedSource Insights Team

Technology & Innovation

In the fast-evolving world of artificial intelligence, new milestones continue to redefine the capabilities and potential of AI systems.

Trend Spotlight: Recent assessments reveal that ChatGPT has achieved an IQ score of 120 on the Mensa IQ test. This remarkable score places ChatGPT in the top tier of human intelligence, showcasing the rapid evolution of AI’s cognitive abilities. This development marks a significant leap in natural language processing and AI comprehension, moving beyond basic interactions to more sophisticated problem-solving.

Emerging Technology: The use of AI in cognitive tasks, including reasoning and pattern recognition, is gaining widespread adoption. With ChatGPT reaching Mensa-level intelligence, AI-powered solutions can now take on more complex challenges such as strategic decision-making, predictive analytics, and even creative endeavors in various industries.

Key Insight: As AI continues to grow more advanced, the line between human and machine intelligence blurs. For businesses and organizations, this means harnessing AI not just for automation but for strategic thinking and innovation, potentially transforming how industries operate and solve problems in real-time.

Industry / Academic Collaborations

IonQ and University of Maryland announce Partnership to Advance Quantum Innovation.

Trend Spotlight: IonQ's $9 million investment in quantum innovation with the University of Maryland signals a broader industry shift towards accelerating quantum computing research. This partnership reflects the growing demand for practical quantum applications, emphasizing the potential for quantum technology to transform sectors like cybersecurity, materials science, and complex problem-solving in ways that classical computing cannot match.

Key Insight: This investment underscores a critical insight: quantum computing is moving from theoretical exploration to real-world application, suggesting that businesses and governments need to start planning for a quantum-ready future. The rapid progress in quantum technology highlights the necessity for organizations to invest in understanding and leveraging quantum capabilities to maintain a competitive edge.

Bridging the Gap Between Open Innovation and Research Teams

Open Innovation and traditional research teams serve complementary but distinct roles within organizations. Research teams are typically focused on deep, specialized work, tackling scientific and technical challenges with precision. These teams often handle numerous projects simultaneously, and progress can be hindered by a lack of access to the right expertise or resources at critical moments. In contrast, innovation teams operate at a higher strategic level, identifying external solutions and opportunities to bring fresh ideas into the company’s ecosystem. For these teams to work together effectively, there are key strategies both sides can adopt to create stronger collaboration and faster progress.

How Innovation Teams Can Help Research Teams:

  1. Identify External Solutions Early: One of the most effective ways innovation teams can support research teams is by proactively identifying external solutions or technologies that could fill gaps in expertise or resources. By maintaining strong networks of external partners, startups, and academic researchers, innovation teams can provide research teams with the tools and knowledge they need before delays occur.

  2. Facilitate External Collaboration: Innovation teams should take the lead in organizing collaborations with external partners, such as universities or specialized companies. This can help research teams gain access to niche expertise, technology, or equipment that may not be available internally. Offering structured frameworks for these partnerships ensures that research teams can tap into external resources without being burdened by managing these relationships.

  3. Clear Prioritization of Projects: Innovation teams can work with research teams to prioritize high-impact projects that align with business goals. By helping research teams focus on the projects that will provide the greatest strategic value, innovation teams ensure resources are allocated efficiently, reducing the likelihood of stalled or delayed projects.

  4. Provide Market Insight and Strategic Alignment: Innovation teams, with their broader market perspective, can offer insights on trends and future industry needs. This allows research teams to align their work more closely with future market opportunities, ensuring that their efforts are not only scientifically rigorous but also strategically relevant.

Trend Spotlight: NotedSource has just unveiled its latest feature, LiteScout, which allows companies to enter a research topic and instantly receive a list of the top experts in that field. This launch reflects the growing need for immediate access to specialized knowledge, helping companies connect with academic and industry experts efficiently and stay ahead of innovation.

Key Insight: With research and development moving at a faster pace than ever, access to the right expertise can be a game-changer for companies looking to innovate. LiteScout enables businesses to identify and connect with experts seamlessly, accelerating the R&D process and offering a competitive edge in today’s market.