The search for the missing Malaysian Airlines flight MH370 has once again started a discussion about how to use innovative techniques to ensure that relevant data in greater amount is available for airliners while in flight. Currently, the main sources of data for any investigation are the Flight Data Recorder (FDR) and the Cockpit Voice Recorder (CVR), also known as the “black boxes”. However, as was obvious from the search for flight Air France 447 which went missing in 2009 over the South Atlantic Ocean, finding and recovering these black boxes can be a time consuming and extremely challenging exercise. And even if the “Black Boxes” are recovered, there is no guarantee that all the data would be available for detailed analysis on these damaged boxes.
A Canadian company, FLYHT Aerospace Solutions Ltd. has come up with an innovative approach for such an eventuality with an existing and simple solution i.e. Data Streaming through Satellites. This solution has been discussed and explored before. However, the biggest challenge was the cost of streaming all the data in real time through satellites. This would be very expensive and was not financially feasible so far. Also, flying has become increasingly safe and certainly events such as the disappearance of MH370 are extremely rare. Flyght’s approach to solving this problem is to define “triggers” which would start transmitting more flight data continuously rather than periodic maintenance data which is sent out under regular flying conditions.
Another innovative approach to trying to solve the mystery of flight MH370 is to use crowdsourcing to search for the missing Boeing 777 through Satellite data. There are currently 2.3 million people who are using Tomnod to scan for any signs of the missing plane in thousands of square kilometres of the Indian Ocean. You can join the search yourself at http://www.tomnod.com/nod/
Sony had long and successful career in almost every product in their portfolio TV, DVD, Play Station e.t.c. and they claimed themselves to be the best IT security company on the planet until a young boy with the age of only 18 years hacked the iOS device called the iPhone and became the first person to unlock iPhone to be used on any network the user liked. There was a law suit and surprisingly enough the biggest brand of the world Apple has lost the battle and it became legal to jailbreak ones iPhone to be used on any carrier the user like after they purchased the phone. The young hacker got so much attention in hacking community that they started supporting him on his other projects.
After the iPhone incident the young hacker was started to be known as Geo Hotz and started the new project of hacking the Play Station 3 by Sony. At first no one paid any attention to the matter, not even Sony but suddenly that young boy successfully hacked the Sony Play Station 3 and was able to successfully extract the propriety code from the machine and boot his own self made operating system on to Play Station 3. Sony got the news and retaliated and F.B.I was after the young hacker from that day onward the down fall of Sony started and Sony became the number one enemy of the specific hackers group. Sony did the case won the case and successfully fined the young hacker but strangely enough people from all over the world protected the boy and started the donation system for the boy and successfully paid off the fines Sony has implemented.
From that onwards the Sony was the key target of hacker all over the world and as a result Sony faced the biggest breach in the history if any IT company where Sony’s employee personal data users personal information and its company financial information was released to the public and the disaster was so big they until now Sony is on fire fighting state and will be in current state for quite some time. The current projects are halted and whole company is on disaster management situation.
My point of sharing all this information is to highlight the problem big companies face all the time e.g. Apple Fappening and Sony recent hacking incident both are IT hacking but both reacted to the problem in a different manner and managed the disaster caused by the hackers. Innovation and Creativity is the key to success and to manage a bad situation creativity and Innovation at same time Innovation is how can that problem be resolved and creativity is how to how efficiently you implement that solution. Basically Innovation Strategy and Innovation Creativity is needed to successfully resolve a bad situation and turn it into a normal or even a good situation by utilizing the opportunities that have risen by that particular situation and eliminating the threats that have emerged by that situation.
We at IICIE are proud to present industry leading certification of “Certified Business Innovation Manager” where we teach managers how to react to the threats of the industry and exploit the opportunities creatively and efficiently....Read More
The words ‘creativity’ and creative have been hi-jacked by the world of advertising. The actual mean of word stands here for something definite to individuals who aware with Mad Men or Thirtysomething advertising stereotypes. Thus, the scenario contains the classic advertising where creativity was the pictorial, placement or replicate intelligence implemented at the end of new product procedure and occurred when it was period to market downstream.
The ancient concept of world ‘bumpers creativity’ from tactic or planning strategy or R & D. At all these sections were previously reserved for intellectuals, numbers crunchers, chemists, or forecasters. If ‘creativity’ were endorsed in these serviceable fields, the supplier and outcome would be postponed or uncertain.
We are learning that creativity is whatever which brings significance and value to its anticipated spectators. Intelligent companies are looking patter to move far from the ‘Just-Build-It-I-told-You’ model. In actual companies are determining that the purely logical way of tackling strategy or R & D has many restrictions than benefits. To grasp the attention of world effectively, companies are learning to capture the creative upstream. Hence, this change indicates that we have progressed from industrial Era to the Age of Innovation.
Therefore, upstream creativity means the basic business strategy and model is questioned in various formats – not just on worksheet instinctive downloads, drafts of latest version of the model and traditional market trends are part played a role on newly procedure. Upstream creativity means companies should engage themselves with their customers and find out to discover assistance for product and services. Upstream creativity means that there are signs, administrative chamber and sticky records in the boardroom. Upstream creative is the vibrant procedure which requires feet’s to develop and believes complete involvement from its entire team. Brilliant companies permit recursive philosophers to encounter, stimulate, even incite everything too status quo which prevents development.
Overall the essential thing is world has changed and now global economy is led by companies which consider invention as a significant. In this develop industrial Era; boom of creativity was utilized as a means to distinguish products downstream. Now, in this time of Innovation, perfect, consistent and suitable way to triumph in the marketplace is to get creative with the entire business, business model, R & D etc.
As James Bertrand said "Once we rid ourselves of traditional thinking we can get on with creating the future."
Welcome back, Creativity. Yes, you were lost on several floors of businesses from too long. Downstream, Upstream and everywhere. Implementation of creativity is worthy for business and good for innovation.
Apple is one of the largest brands in the world. People trust Apple and Apple have never let them down in the past and hopefully they will continue to amaze us with their new innovations and innovative ideas in the form new and improved technology or is this the future we would like to see but honestly I don’t see this in our future. The way technology is progressing and has progressed in the past few years the age of incremental change is coming to an end and we need a radical change now.
The year was 2007 and at the Apple's Worldwide Developers Conference Mr. Steve Jobs introduced a radical change in the industry of smart phones by the introduction of iPhone. The first smart phone combining a phone, an internet browser and an iPod (the best music player of that time) but combining these three components was not the radical move but the touch screen technology used for the phone’s screen was capacitive touch technology rather than resistive touch technology and that changed the game of whole smart phone industry and they didn’t stopped there, Apple also introduced a concept of an app store for the phone where users can download applications and games directly to the phone (not a radical idea but implementation was an incremental innovation). Since then all over the globe every phone manufacturer followed the Apple’s designee philosophy and introduced the incremental innovations on the top of first radical innovative idea. Since then the technology has progressed so much that our smart phones have became an extension of ourselves and we can’t even imagine living without them.
The Key point is after series of incremental innovations we need a radical and a total game changing innovation where at first it looks and sounds so out of place that many won’t believe in it at first but soon enough people can relate to the idea so much so that they can even imagine their lives without it. The radical ideas are mostly there to stay for long term gains and incremental ideas are for short term gains a good example of that could be after every year Apple release a new iPhone where there is very little software and hardware improvements to keep up or generate the demands of the users. But in order to make a company’s survive long term radical innovation is the solution.
We at IICIE help guide new Innovators and Entrepreneurs to unlock their hidden potential and channel their innovative juices towards the current demand of the market, whether they need an incremental innovation or a radical innovation. We just don’t stop there we stay with them till the end of the process....Read More
Let me be honest about this blog post, this is the month of February and it would be wrong if I won’t talk about Valentine’s Day. So let’s do this and carry out some evaluation and analysis of the biggest and most celebrated day of the year.
The year was 270 AD, a roman priest was about to make the history but in the process got martyred. The saint Valentines of Terni was high level priest with good heart and broad vision of making the world a better place by continue to defy the norms and culture enforced by the Emperor Claudius while helping out young men get married which was outlawed at that time. As soon as Emperor Claudius got the wind of the actions carried out by Saint Valentine the order was passed and Saint Valentine was martyred. The thought was simple and a courageous a man took risk by doing something that others dare not to perform and the result was the world’s most ancient and most celebrated holiday. To this day people around the world celebrate the Valentine’s day not knowing what was the story behind it at all but applauding the gesture by expressing their feelings to their loved ones.
One man took risk by doing something that he believed in and 1745 years later his nobel gesture and vision is still celebrated and that is what the power of doing something new and innovative has in it. Now a days, new innovators and entrepreneurs have brilliant ideas and they even know how to put their idea and thoughts into action but lack the courage to take the first step afraid of failure and disappointment they live under the shadow of their fear and lack of trust in themselves. The Valentine’s Day reminds us that there are no bad ideas, all we which needed is, clear focus and will to go to extra mile and will to change the future. If Steve Jobs have decided that no one will buy the iPod or the iPhone then we would not have been the part of digital age where knowledge of whole world is in the palm of our hands and information is only one click away. What if Larry Page and Sergey Brin thought no one will need to know the information and stopped the development of Google would we be still living knowing things we know now?
My point is as necessity is the mother of invention and everyone has needs hence everyone is capable of innovation but lack the courage to take the first step or lack the tools to put the idea into action. What if there is such a platform where new ideas get nourishment and converted into plans and those plans later put into action. What if there is some way we can ensure that all of the new ideas get fair chance to compete into the market and team of trained individuals who deliver your message to global audience. I use to think the same until I joined IICIE and I think my search has come to an end. I am pleased to announce that IICIE is the platform where future begins. Just remember “we’re all stories, in the end. Just make it a good one”...Read More
There are two kinds of innovations, product related innovation and process related innovation. Today I am going to explain what are the fundamental differences between both of them with the help of real life examples and how new innovators and entrepreneurs can better understand what type of innovation they actually require.
June 29, 2007 was the date when first ever iPhone was launched and it was technology beyond anyone’s imagination. The first iPhone was a marvel of new innovation and the product was so beyond its time that other competitors couldn’t even keep up with the technology and biggest cellphone maker of that tine NOKIA had to sell its operations to Microsoft because it was unable to keep up with the technological innovation the Apple has brought. At that time the new innovation was product related and every company in cellphone business had to adapt and evolve to new trends set by Apple. It took quite a while for other competitors to catchup with the technology of Apple and son after that process of incremental improvements started and haven’t stopped yet. This all was related to product innovation and Apple has clearly defined itself as a market leader in product innovation.
In this fast pace era the role of management consider significant when it talks about employees involvement which can define the better culture of once organization. When it comes to employee retention policy top management should require concentrating empowerment strategy. In most cases innovative and special skill employees should be in top priority because they gain technical knowledge on specialise product handling. Today where innovation is revolving in bigger prospective it brings the challenges for employers to become innovative in their field.
To understand the management role at various levels for employees to evaluate the performance criteria equally should require significant concentration. Employee of special skills with innovative mind-set deserve for the higher pay. As the rank command proposes, many employees’ position goes to these who effort occupations need complex degree of exceptional skill, qualified liberty from persistent and direct supervision, and offer the prospect to arrange and direct clients wishes and manners instead of simply answer to them as spontaneously communicated. However, few management roles should require on equality for all man and women employees where the right should be substantially equal because it’s about job content not title.
Employee involvement and participation actively in define role can influence management decision. Most of time management signifies about kind of corrosion of management’s ability to take judgments individually without referring any kind of consideration to the opinions or desires of employees. In an approach it suggests the wearing away of the traditional master–servant relationship among employees and managers. In some cases management decisions are strict and they justify employees consequently in their individual prospective to how employee present their self at the interview. Such as few employees with innovative and special skills not much confident on the role in organization, hence later on they started work as a lower rank in one of the attractions.
Special skills and innovative employees learn and develop procedure by spending time on knowledge gaining methods. Knowledge management can be one of the influential aspects which managers should require to adopt for providing better training to employees. Employees who have good technical knowledge and know how to deal customers from different prospective always get opportunity to rise in their salaries. Higher salaries and performance recognition can lead to positive employee engagement. Employee engagement is influential for healthy work and brings productivity towards workplace. Moreover, the high quality work or high pays of employee can demonstrates one’s country economy best status. E.g. the employees who are more engaged at work station and getting good salaries have good employee annual report which lead to increase in productivity and performance.
In today’s dynamic and globalized economy, large Corporations continue to face threat from disruptive innovation from new and unknown start-ups in many diverse industries. Corporations are facing disruption in market segments such as New Media, Technology, Green Energy, electric cars, or even more traditional and stable ones including banking, airlines, telecom, mining or transportation. Nimble start-ups have developed new products, services or business models to disrupt that market segment and become a dominant player in it. Corporations have recently focussed on building in-house corporate innovation sills in order to remain competitive. They have also tried to inculcate a spirit of entrepreneurship (intrapreneurship) across the company to aggressively combat those agile start-ups.
Despite these significant efforts, many Corporations continue to face significant challenges in enabling a corporate culture of innovation. The primary challenge for most corporations continues to be the development of internal skills focussed on innovation. Most courses on innovation focus only on the content and do not take into account the factors inhibiting corporate innovation. These include factors such as fear of cannibalization, structural obstacles to invention, desire for predictable and consistent results, personnel risk/reward incentives, and lack of team-based innovation learning and development. The last factor is especially critical as most often, individuals rather than cross-disciplinary teams are given innovation-oriented goals.
Corporations can overcome these challenges by focussing on a business focussed innovation certification. Such an innovation certification has more to offer to a corporate organization than just the actual content of the certification. A Business Innovation Certification should have corporate focus by answering questions such as how to sell your ideas in a corporate environment? It should also detail strategies for gaining adoption and sponsorship in a corporation by aligning ideas with overall business objectives. Another key to the success of such a business innovation certification is to enable an intrapreneurship culture in an organization where individuals learn to be persistent yet flexible. Such a certification should also have a team-based approach to certification projects with senior management as corporate mentors for the certification. Finally, the certification should lead to membership of global community of passionate innovators entrepreneurs who can add value to each other’s endeavors.
By following this approach, corporations can unleash the potential of internal innovation by enabling their employees to become Innovation Heroes who can lead them into the next wave of organic corporate growth and success across the world.Read More
Size Dose Not Matter
No matter the size of your company you must create internal entrepreneurship capabilities to stay competitive in the forever changing and growing global marketplace. We are not competing locally anymore, but internationally with some of the world’s top executives, entrepreneurs and businesses. New companies born are more dynamic, adaptive and receptive to new market demands will surely put a comfortable organization out of business.
Getting to Comfortable = Risk
90% of organizations think they are too slow in innovation when it comes to entering a new market. 80% of their products and services released will also fail. Majority of the failures will occur due to entering the market late according to a recent article by Harvard Business Review. Even the largest organizations can get too comfortable and forget to keep up with the latest trends and advancements. This can be seen by looking at Kodiak, Blockbuster, Nortel, Sears and others. Organizations need to think of systematic ways to innovation.
Educate yourself, educate your employees
It all begins with education and let’s all agree while innovation is important it’s not an easy task. Culture shifts towards innovation and collaboration pose a difficult task for all entrepreneurs and senior executives. For innovation to happen a company culture must change its environment toward flexibility and better communication, but most importantly it all needs to start with education. Innovation is a very broad word and a lot of individuals don’t understand there is a systematic way of approaching to creating a better innovation ecosystem. Before innovation can happen individuals need to educate themselves and most importantly their employees.
Break the Barrier by Being More Active
Companies which take the approach to educate and encourage communication break the innovation barriers. New products, services, processes or even cultural ideas leap beyond all competition and create new advancements - competitors will be racing to catch up. A great example of this would be the mobile industry. Before touch screen phones all mobile organizations were competing in releasing a better same handheld device. This was the technological or you can call it the innovation barrier. There was nothing better in the market beyond these particular handheld devices. Flashy buttons, branding, marketing and hardware were the only differentiating factors separating them. Once touch screen phones were released a new innovation barrier was formed. In order to stay in the market all mobile companies now have to catch up or risk the fear of going out of business.
Will You Be Comfortable?
Which company are you going to be? Will you encourage innovation or be comfortable until your market experiences a drastic change. Let’s also remember innovation can be applied to your processes, cultures and services – not limited to products. These are the new leading innovation barriers you don’t get to see.
Author: Andrej Bondarenko is the Director of Sales of the International Institute of Certified Innovations and Entrepreneurs (IICIE Inc.), a global body offering premiere certifications in innovation and entrepreneurship.
Lean start-up principles are growing increasingly in importance in some of the most renowned sectors of the likes of healthcare. According to Tim O’ Rielly, it hinges on the principle of “how can we learn quickly from mistakes to augment what works while discarding what does not.”
Lean Storyboarding finds amazing application in the book by Nathan Furr, and Jeff Dyer: “The Innovator’s Method: Bringing the Lean Start-up into Your Organization” highlighting what Rod King identifies as providing best means for applying Lean Storyboarding to risky projects and decision-making in organizations.
According to Rod King, “Lean Storyboarding refers to a tightly integrated set of tools for rapid lean improvement and innovation that lead to radically successful business models (under conditions of extreme uncertainty).”
Further, Rod King also identifies that Lean Story boarding is finding wide applicability today in businesses of all types, for two important reasons: firstly to achieve “rapid lean improvement, and innovation” for business model refinement and growth, which has become a necessity for survival in competitive environments. Secondly it is deployed for purposes of achieving “highly desirable outcomes developed under conditions of extreme uncertainty, and purely with the objective of solving problems for the customers, business decision-making, and experimentation” .
The attractive value proposition of Lean Storyboarding has entailed corporations to act more like Lean Start-ups. The lean start-up methodology was coined by Ries and is built on the notion of hypothesis generation, adequately validating the hypothesis at every step, learning from the outcomes, and further refining to develop a product from what is initially a “Minimum Viable Product (MVP)” to what can be a “Viable product”.
Rod King has identified the merits of Lean Storyboarding approach providing that after 3-5 years of its useful application, the Innovation Premium of companies increased over 57%.
While applying Lean Storyboarding concept, it is important to realize that a number of questions will hold importance as identified by Rod:
- Is the (discovered/given/assumed) business model engine profitable, scalable, and sustainable?
- What is realistically the industry competition
- How is the business environment?
- What is the product market fit and does product solve serious problems for customer.
With its wide-spread benefits Lean Storyboarding is likely to become a core mechanism used by big corporations.
According to Rod, corporate giants like General Electric, Toyota, and Intuit are actively adopting Lean Storyboarding mechanisms.
Therefore based on the benefits of Lean Storyboarding it is not hard to understand that current business trends of high competition has made this approach a sort of best practise for corporations, and its applicability can reap benefits in the short to long term for SMEs and large corporations alike.
Source: Rod, King: “LEAN STORYBOARDING: Successfully Facilitate Lean Improvement and Innovation Projects”. web
Today, a competitive marketplace dictates that highly innovative products capable of solving customer needs in the most value generating ways are created. Innovation and product development functions typically operate under complex and unique challenges.
According to James.P.Womack, co-author of Lean Thinking, Lean is defined as “Creating ever more value for customers with ever fewer resources.”
Lean Solutions in innovation and product development functions must combat the challenges without necessarily hampering creativity or potential for great ideas to succeed in the market place. It has become a widespread practice in a number of manufacturing companies around the world. Notably GE is renowned to implement lean innovation practices.
Important parameters of consideration for Lean Innovation Managers include:
• Produce at a cost well below the price the customer is willing to pay.
• Deliver and service through a distribution channel that can reach the target market cost effectively.
• Differentiate from the competitive alternatives.
Source: Romero, Geovanny. "The Principles of Lean Innovation." Innovation Excellence. N.p., n.d. Web.
As per the Lean Management Experts, the necessity of lean practices emerge as a disproportionate amount of time and effort is wasted in product development or innovation is directly linked to innovation processes not working properly.
Therefore there is a dire need for companies to balance out innovation related activities systematically with the necessary objectives of reducing wastes in the system while maximizing value for the customers.
In the book, Lean Product Management, Lean Enterprise Institute together with Greg Cohen identify five steps and principles necessary for effectively implementing Lean Innovation. These include:
- Customer Value identification: Identify value from the perspective of customer
- Value Stream mapping: Identify all the steps for value creation process while removing steps not creating value with a core emphasis on customer throughput and wait times
- Establish flow: Accumulate value creating steps in close-fitting sequence to enable value flow as quickly as possible through system
- Create Pull: Given flow of value to customer, it is believed that value will be pulled through the system by the customer and at the rate of customer demand
- Look for “Perfection”: repeat the aforementioned four steps until all the system wastes are removed.
(Source: Lean Enterprise Institute, and Greg Cohen. Lean Product Management. N.p.: n.p., n.d. Print.)
Thus as has been highlighted, Lean Innovation practices combines the art of customer value maximization with reducing wastes in the system to generate synergizing effects for both customer and the firm. This mechanism can further go a long way in impacting a company’s product portfolio and bottom line.
(Source: FOUR PRINCIPLES – THE LEAN MANAGEMENT EXPERTS( web:http://www.fourprinciples.ae/solutions/lean-innovation)...Read More
In the modern times, the term innovation has often come to use more frequently than ever to define solutions to the business problems at hand. The need for innovation has escalated to enlarge the set of tools that businesses can use to tackle business growth challenges. One of the other most frequently used tool - enhanced operational efficiency is not necessarily in itself a growth enhancing mechanism. Therefore it can be beneficial to deeply understand and analyze the trends defining innovation in modern day world.
- Strong focus on customer: As being supported by design thinking to solve customer problems, innovation success hinges closely upon the extent to which customer needs are met, and an important customer problem being solved. For example: Apple’s ipod provided one of the most brilliant of innovations replacing other mediums such as Walkman through sheer emphasis on its compactness, maximum storage and customizability to needs.
- Embracing the practice of Open innovation: To realize the peak of innovation, it might be plausible to argue that conventional rules have to be broken. This entails that no longer are businesses limiting their emphasis upon specific departments, or within the company as a whole to extract ground-breaking product/service. Thus some companies are tapping external sources such as companies or people to lead in innovation. Example: P&G’s connect and develop program enables P&G to initiate and build on partnerships with innovators, and patent holders for meeting needs of products, technologies, and e-commerce. (http://www.pgconnectdevelop.com/) The fruits of their strategy are seen when we see the launch of innovative products such as Gillette Fusion ProGlide razors with enhanced technologies.
- Fostering an internal culture of innovation: An increasing number of companies are moving towards fostering strong internal culture of innovation. This requires developing a team that is oriented towards innovation and living the values of a truly innovative company. To a lot extent this culture has to be promoted from the top. In this regards, the role of management is increasingly important. For example at 3M, one of top innovators, 15% rule is implemented to ensure that employees devote 15% of their time to chase new innovations out of their scope of daily work. Similarly management now has a number of tools at their disposal to extract employee innovation such as ‘Six Thinking Hats’ or ‘Morphological Matrix’ techniques.
- Emphasis on disruptive inventions: Perhaps one of the most prevalent of trends is found in disruptive inventions of today that are changing the entire dynamics of how industries are operating. According to Clayton M Christensen, a Harvard University Professor, “disruptive technologies create a new market and value network and eventually disrupts an existing market and value network, displacing established market leading firms, products and alliances”. Hence we see such innovations in the shape of Netflix completely disrupting the movie industry and taking business from cable television providers, and Blockbuster.
Hence as companies today embark on practices of innovation, it is important that companies are able to keep up with the current business innovation trends of the likes highlighted here to ultimately position themselves as innovation leaders
Today, we live in a connected world where our lives are totally dependent on technology. From banking and e-commerce, Cryptocurrency, automated vehicles, Voice-activated Home assistants, healthcare, supply chains, EVERYTHING in our daily lives is based on technology and data. That is why today, there are many challenges in this field which creative and passionate individuals can solve through innovation. And It is for this reason that in the World Economic Forum’s Global Risk 2016 report, cybersecurity risk is recognized as one of the top commercial risks along with geopolitics, the environment, and the economy.
There is certainly more and more recognition of the need for disruptive innovation in Cyber Security and the necessity to secure the technology and data on which our lives have become so dependent. This is obvious from the increase in the global spending in Cyber Security which has grown exponentially. In 2004, it was USD 3.5 Billion which has grown to USD 120 Billion today in 2017. By 2021, this spending is expected to grow to USD 1 Trillion.
Cyber Security is a vast field and there are many areas where innovation can happen. These include process-based improvements such as in Governance, Risk & Compliance (GRC), Privacy, Policies & Frameworks (NIST, ISO 27001/2, PCI, GDPR) and Awareness & Outreach. There are also significant opportunities in Cyber Security areas such as Cloud Security, Threat Intelligence, Internet of Things (IoT) Security, Mobile Security, Security Management, Identity & Access Management, Crypto Currency & Blockchain, Artificial Intelligence, Application Security, Penetration Testing, Fintech & Healthcare Security.
While various countries, including Canada, has been focusing on Innovation, there are still many factors contributing to lack of innovation in Cyber Security. The first of these is to link cyber security innovation effectively to the needs of major industries such as the financial services or Healthcare industry. Secondly, while most leading innovation nations have developed significant clusters of innovation, there is no single centre of gravity, coordination, or systemic catalyst to bring it all together. And of course, there is a global shortage in cyber security talent. There is usually also limited collaboration on applying R&D strengths in related fields to cybersecurity problems. Finally, a strong process need to exist for start-ups to access global Cyber Security markets and sources of capital.
Countries and Organizations taking a leading role in Cyber Security Innovation today can not only better protect their critical and business infrastructure but will also be well-positioned to reap the financial and trade dividends of this growing technology market.
Here is the cold hard truth about Cyber Security in today’s world. It is a fact that most organizations are not prepared for the Cyber Security threats that may disrupt their everyday operations. Organization’s have rapidly transformed their infrastructure into a cloud-based model where their data is not only spread over disparate geographic locations, but this sensitive data may be replicated and stored at multiple cloud vendors. In this environment, Identity & Access Management (IAM) and Threat Detection & Response (TDR) are a challenge as the current set of controls are insufficient to manage and mitigate an organization’s risk profile.
In this environment, Artificial Intelligence can go a long way in helping Cyber Security professionals protect and secure organization data. Some of the factors that are currently enabling innovation in Cyber Security through AI include
· Shortage of experienced Cyber Security professionals
· Many disparate sources of data
· Large volumes of data to manage
· Adversarial nature of Cyber Threats
Although there are many areas where AI can add value to cyber security, these can be classified into two main categories. The first is understanding the threat from hackers and other malicious actors. By their very nature, malicious attacks are a blackbox for Cyber Security defenders and they cannot predict what might be coming next. AI can help build models which can predict future threats and thus enable organizations to take proactive measures to manage and mitigate the risk from these possible threats. The second category is to understand, evaluate and classify all the various sources of data which is being provided to Cyber Security systems such as SIEMs (Security Incident & Event Management). By integrating all security systems to the SIEM and enabling correlation, Cyber Security professionals can ascertain the context of any security incident such as who, what, when, where and why and take appropriate action if required.
Even though AI can provide great benefits to organizations in enhancing their Cyber Security profile, there are still significant barriers to the adoption of AI in Cyber Security. The biggest single barrier is mindset. Cyber Security professionals need to change the mindset which currently pervades the industry that it is imperative to stop all attacks. Cyber Security professionals need to understand that not all cyber threats can be stopped, and it is important to bring in AI-based Cyber Security systems that learn and adapt to Cyber Security threats over time.
Another major barrier is to foster innovation in Cyber Security Start-ups focused on AI. This will lead to passionate and innovative entrepreneurs using AI to find solutions to current and undiscovered pain points for the technology which we use in our lives. Only such an approach can lead to innovative disruption necessary in Cyber Security which will finally make our connected world a safe and secure place.