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CASE STUDY
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A financial services company overhauls its innovation strategy and fast-tracks prototypes and proof–of–concepts, thereby reducing time to market for new products and solutions
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Managed Innovation
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Overview
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At UST Global, we believe that innovation needs to be ingrained into any company
looking to reach higher levels. Every idea should be given a voice, and having the
right process in place can bring the best ideas forward.
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Innovation is great but managed innovation – where you have a platform to test and
realize ideas and can track, measure and report outcomes – is better. Our Managed
Innovation services can provide you with this platform. When you are free to explore
in this manner, get guidance from other associates, and reach out to analysts and
experts to float ideas, you can accelerate ideas into implementation – and realize
faster ROI.
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Managed Innovation at UST Global interweaves a democratic approach with a lightweight
guidance structure where everyone feels free to participate and is driven to think
and contribute fresh ideas. We openly cultivate innovation and capture ideas from
the most creative minds around by taking a finely measured and managed approach.
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Approach
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Click on the image to enlarge
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We recognize that everyone has talents to contribute to our clients’ success. So
we open the doors wide and direct ideas from across the company into a managed environment
where we can harness the best innovations and solutions. Through these efforts we
have built a highly sustainable innovation ecosystem.
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For our clients, we help you do the due diligence for business concepts and/or technology
uses. We have a large repository of already created partial solutions, technology
proofs, lessons learned, and retrospective analyses available to help accelerate
the due diligence process.
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We have an extensive library of patterns, partial and full solutions that can help
in developing innovation ideas for our clients, be it Proof of Concept or Proof
of Technology. We have partnered with a select group of companies that bring in
complementary services to help us realize innovation solutions for our clients
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UST Global runs three innovation engines: an Idea Generation system to log and track
inspiration; an innovation “gym” to experiment and learn without fear of failure;
and a collaboration space to discuss, share and blog about technological ideas and
issues.
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All ideas are catalogued and managed. If it did not get implemented, we help incubate
the idea until the business solution can come together or the technology constraint
or limitation is resolved.
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Why UST Global for Managed Innovation?
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Establish an onsite innovation team of any size based on your desired coverage
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Use of campaigns and other innovative methods as catalyst for ideas
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System deployed to capture ideas and your intellectual property
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Your workforce is engaged to generate ideas and encouraged to innovate through recognition
and reward programs
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Proof of concept through measurable outcomes that show business and technological
value
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Offshore innovation teams tap ideas from UST Global worldwide and convert them into
ROI-based proposals
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Our award-winning innovation teams have a reputation for delivering real results:
increased revenue, lowered costs, and faster speed to market
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THOUGHT LEADERSHIP
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Disruptive is the New Normal Approach to Innovation
By Tony Velleca
Chief Information Officer
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What does it mean to disrupt? We know disruptive innovation when we see it: iTunes,
Netflix, pocket calculators, the PC.
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INNOVATION ECOSYSTEM
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Spurred by a culture of openness and long term client relationships, our teams regularly
come up with ideas to improve our clients’ business. Many of these simple, but very
specific ideas have resulted in significant value to our clients. In addition, many
of our clients engage UST as their partner to drive idea implementation and proofs
of concept.
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