❓ Is sourcing technologies from external companies a way to stay ahead of the competition and driving #innovation? I have been working in the field for quite some time and I would like to share my main takeaways when it comes to technology scouting and how organisations can benefit from it (www.novable.com)

1. 5 Benefits of
technology
scouting

2. It allows
organisations to
access a vast array of
innovations that they
may not have
otherwise discovered.

3. It allows companies to
keep up with market
disruptions and
customer demands,
and proactively
respond to changing
dynamics.

4. It fosters collaboration
and partnerships while
reducing risks and
costs, and increasing
the chances of
successful
commercialization.

5. It can lead to cost
savings and increased
efficiency by
streamlining
operations,
automating processes,
and enhancing
productivity.

6. It promotes a culture
of innovation and it
encourages
exploration,
experimentation, and
adaptation.

7. Have you engaged in
technology scouting
initiatives? What
were the benefits and
challenges you
experienced? Share
them below!