Happy 10th birthday, Exago!

In a historic building in Lisbon, overlooking the Tagus river, Exago celebrated its 10th anniversary on Friday, November 24. It was the perfect opportunity to bring together the people who are part of us and our history: our team (past and present), our clients and our partners.

We would like to thank all those who joined us in celebrating this milestone, which marks a decade of collaborative work to help businesses innovate, while engaging over one million users across the world to build their organisation’s future.

Here’s to another 10 years of making innovation happen!

When all roads lead to the Web Summit

As world-class speakers, innovative Fortune 500 companies and ground-breaking startups descended on Lisbon this week for the Web Summit 2017, we at Exago couldn’t miss the event Forbes called “the best technology conference on the planet”.

Since the opening on November 6, more than 60,000 entrepreneurs, investors, journalists and startups from over 170 countries have been networking, exchanging ideas and listening to the 1,200-plus speakers at Feira Internacional de Lisboa (FIL) and Altice Arena.

With all eyes on innovation, technology and Artificial Intelligence (AI) – highlights have included talking robots taking the stage and self-driving cars –, the opening night welcomed António Guterres, the Secretary-General of the United Nations, who highlighted the importance of making sure “innovation works for the good of humankind”.

The biggest surprise of the night was physicist Stephen Hawking, who delivered the keynote speech through live video. “The rise of AI could be the worst or the best thing that has happened for humanity,” he warned. Noting that robots are already threatening millions of jobs (confirmed by Sophia the Robot), he added: “Perhaps we should all stop for a moment and focus not only on making our AI better and more successful, but also on the benefit of humanity.”

What’s next
The Web Summit comes to a close today with speaker Al Gore, former US vice-president and Nobel Prize-winner, who has been extremely vocal in tackling climate change.

Created in Dublin in 2010, the Web Summit started as a vehicle to connect the technology community with all industries. The Web Summit 2018 will take place in Lisbon for the third time, from November 5 to 8.

KPMG’s survey reveals how collaboration is central to success

Exago has partnered with KPMG in Portugal to promote the first global ‘Innovation Survey’ to companies operating in the country. Survey findings show how companies that systematically pursue collaboration opportunities have a significantly higher rate of commercially successful product launches and nearly twice as much revenue growth.

Three hundred participants at the European level took part in the survey, 39 of which were from Portugal. Overall, KPMG’s analysis concluded that good innovators in organisations with a budget allocated to innovation strategy and an idea management solution in place also have the largest share of revenue coming from successful new products launched in the last three years.

The data reveals as well that investing in product development and enhancement impacts positively on revenue growth. Yet it’s interesting to see how companies that focus on innovation to find new sales channels and on customer experience and satisfaction improvement have benefited from even higher revenue growth rates in the last three years (> 5%).

However, where innovation is concerned, the journey for companies is still a long one. There is a lack of well-structured innovation management processes to stimulate it and a lack of experience, as the battle to recruit talented innovators is growing.

The survey includes an in-depth analysis and insights from KPMG’s global experts and Exago’s CEO on subjects such as:

  • How is idea management structured?
  • Why is collaboration needed?
  • Where do companies focus their efforts, how do they finance innovation and what are the companies’ challenges?
  • How are corporates responding to the drivers of innovation and positioning their strategies?
  • What separates good from bad innovators?

You can check out Portugal’s results here. A short summary is also available below in English.

 


KPMG INNOVATION SURVEY 2016 – EXECUTIVE SUMMARY

‘1. Collaboration is crucial to success
Companies that systemically search for collaboration opportunities secure a higher success rate for their products and almost double the increase in income.

2. The building of broader innovation skills demands a more complex transformation process
In spite of evidence that supports the focus on collaboration efforts, only a few companies enjoy effective collaboration, as it requires a complex transformation process at both a cultural and an operational level.

3. Business model innovation offers significant opportunities in a world dominated by innovative products
The main focus in all industries is product development and improved process development. However, the creation of new selling channels, alternative income models and the discovery of new or present needs might have the same level of impact as the innovation of the company’s main functions and the product itself.

4. The war for talented professionals is ongoing
Most of the time, the main challenge that companies face in terms of innovation is related to lack of people with the required competences and the necessary experience.

5. Fine innovators have an implemented innovation policy
Companies that have implemented process management and innovative governance models enjoy a high rate of success with their products and a significant share of their income comes from products launched in the past three years. However, only 16% of companies use this approach in the management of their innovation programmes.

6. In spite of the importance of commercial deadlines, the inability to meet deadlines is where most projects fail
Meeting deadlines in the project’s chronogram is the main challenge of ongoing projects, with about 30% of projects falling behind schedule. The speed of commercialisation is particularly important as it can generate a competitive advantage.

7. Collaboration is anchored to your comfort zone
Research and Development (R&D) collaborations are particularly important, even if companies often find themselves limited to only business partners. Collaboration with universities, start-ups and incubators is much less common. Different kinds of collaboration partners have different strong points and contribute with different skills and resources. For that reason, diversifying collaboration partners offers more opportunities than maintaining a single collaboration with only one type of partner’.

All roads lead to the Lisbon Web Summit

Almost 45 thousand tech enthusiasts, from over 150 countries, are attending the Lisbon Web Summit, taking place in Lisbon, from 7 to 10 November. Exago’s team is also here, to learn about the latest trends and share insights with leaders and managers from all the major industries touched by technological innovation.

Among the speakers are John Chambers, executive chairman of Cisco Systems; Linda Boff, General Electric’s chief marketing officer; and actor Joseph Gordon-Levitt, founder of HitRECord.

Having started in 2010 with just 400 participants, the Web Summit is now one of the most important technology conferences in the world. In the 2016 edition, the summit left Dublin and now reaches new dimensions with 21 independent conferences, each with its own stage in the Feira Internacional de Lisboa.

Know more on the summit here.

Exago’s team puts creativity at play at Productized Conference

From 19 to 21 October, our services team is joining managers, designers and product leaders from around the world at Productized Conference, taking place at Lisbon Congress Centre. In three days of ‘insightful workshops and inspiring talks’, participants are working and discovering together what it means to create and manage cutting-edge products. David Fradin, former project management at Apple and HP, and Bruce Nussbaum, one of the world’s top Design Thinking advocates, are among the invited speakers.

‘Service Design Crash Course’, ‘Accelerating UX’, ‘Building insanely great products’ and ‘VCW – Value Creation Wheel®: Be the owner of the best solution’ are some of the workshops Exago’s team is taking part in. ‘We are here to shake up and challenge our creativity and get fully equipped to improve our services and product offer’, says Francisco Bernardes, Exago’s head of Innovation Services.

Know more on the conference here.