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Innovation Circuit February 2010 IC Engelbrecht

Innovation Circuit February 2010 IC Engelbrecht. Today’s Objectives. Why is innovation important? What do we have to do (innovation capability) How do we do it (circuit in motion) Some examples Open and collaborative innovation Some lessons learnt. Why innovation is important. Excellence.

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Innovation Circuit February 2010 IC Engelbrecht

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  1. Innovation CircuitFebruary 2010IC Engelbrecht

  2. Today’s Objectives • Why is innovation important? • What do we have to do (innovation capability) • How do we do it (circuit in motion) • Some examples • Open and collaborative innovation • Some lessons learnt

  3. Why innovation is important • Excellence • Integrity • Customer Satisfaction • Innovation “Implemented change” Turning Knowledge into Business Value!

  4. Strategy Alignment Management Support IT & Appl. Culture What do we have to do? (Innovation Capability) Intellectual Assets Challenges Innovation Circuit BASELINE PILLARS Implement & Measure e.g 40%

  5. % 100 55 45 40 20 CURRENT CAPABILITY FEB 2009 FEB 2010 FEB 2011 ?? Innovation capability improvement journey Intellectual Capacity Strategic Intent & Challenges

  6. # Ideas Submitted # RegisteredUsers # Projects inPipeline Platform # Projected Benefits Man HourParticipation Customer Satisfaction Index Projected ROI CommunicateCase Studies # Implemented Projects Actual ROI Projects Parked Training Innovation Circuit in Motion

  7. Eskom Board Game Develop an energy efficiency board game for DSM education campaign. Educational games are non-intrusive and users internalise knowledge without realising It. Terence Govender S&I Jonathan-IC Sipho-IC Nkateko-IC MODERATION OPP IC SUPPORT SC Jonathan-IC Dali-IC Terence-S&I Innovationlab FEASIBILITY PILOT BUSINESS CASE IMPLEMENTATION ACTUAL ROI REWARD AWARENESS AWARENESS

  8. The board game

  9. Project title: Circuit breaker support IDEA: Increase length of circuit breaker support to minimise wastage Status: Implemented Benefits: Savings Achieved R375 000 P/annum Over 10 years projected savings = R3 750 000

  10. Project title: Cash-O-Meter IDEA The idea was to provide all employees with a platform to participate in the cost saving initiative. Each employee will be able to log their daily or monthly saving and how they achieved this on the Innovation Circuit website. These savings will be collaborated and showcased on both the Eskom intranet and the Innovation Circuit homepage by means of a savings meter. MAJOR DELIVERABLE/S • functional, user friendly and easily accessible platform TIMEFRAME AND STATUS 1 month – Implemented BENEFIT TO ESKOM • provide the business with solutions to the cash flow challenge • employee participation (Culture change) • Actual ROI thus far =R13 million +, Projected ROI R100 million +

  11. Eskom Power Series A collection of world class, reference books, compiled by local and international industry specialists, which serve as a source of technical information and practical experience related to the power supply industry.

  12. Knowledge is Power (Cont…) 2020-01-03 12

  13. Circuit in Motion Turning knowledge into Business Value 100 55 50 40 FEB 2010 FEB 2011 FEB 2012 FEB 2013

  14. Open and collaborative innovation (OCI) pilot: Confirm that Eskom can stimulate external innovation by setting clear goals and objectives in a specific area of need Stimulate innovation activity in the energy market through: collaboration and by mobilising external innovation stakeholders such as public and private funders, research institutions, inventors, academics, innovation and business support entities, etc 14

  15. Typical available networks

  16. Open and Collaborative Innovation Seeker Challenge Definition Eskom Innovation Platform Solvers Academia, Industry Customers, Entrepreneurs Screening Moderation Business Case DST, Microsoft Innovation Hub Innovation Fund Solutions that are needed

  17. Open innovation- the vision Turning knowledge into Business Value 100 50 10 1 March 2010 March 2011 March 2012 March 2013

  18. Some of the lessons learned • Courage and action (lot’s of it) • Communication is key (create hero’s &show value) • Personal touch- IC interaction with users • Originators should preferably drive ideas (with support from the IC-Find passion) • Innovation implementation roadmaps • Holistic approach (all elements are important) • Platform to facilitate the innovation process (25%) • Sound ideation sub processes (Including moderation) • Funding

  19. Questions and discussion Questions

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