Highlighting Open Innovation work at Thomson Reuters
Innovation is alive and well across Thomson Reuters. Whether a concept for a new product, an improved process or technology platform, or a more effective sales approach, we tap into the intelligence of our 60,000 global employee network every day. In 2014, leaders at Thomson Reuters are looking into ways to more quickly and easily surface promising new ideas and solutions that employees and customers have and put the right resources behind them to deliver value faster.
The first step in this path is the launch of a new Innovation Growth Fund. This new fund is designed to identify innovative approaches that improve our core business capabilities, while providing the early investments needed to get them off the ground quicker. The fund will complement current innovation efforts and fill gaps, enabling us to incent, launch and leverage innovative ideas and solutions faster and with greater impact.
In addition, Thomson Reuters has a new Emerging Technology team focused on open innovation and organic growth. This team works across Thomson Reuters global marketplaces in the Financial and Risk, Tax and Accounting, Intellectual Property and Science, Legal, and Media markets, seeking real business problems and invested business owners, combined with a solution-driven methodology that delivers value to customers. They scan and track emerging trends in technology and business through university partnerships and start-up relationships, and monitor the competitive landscape. The team then shares and evangelizes this thought leadership across the business through interactive events and a video series called TechVision.
TechVision is presented to a live and virtual internal audience in Thomson Reuters offices, and in key customer-facing events with a focus on real-world applications of emerging technologies and trends. Speakers are thought leaders who help us reframe and explore growth opportunities. Events and topics from 2013 included:
- A Financial and Risk co-production with George Bonne and Roberto Rigobon on Billion Prices Project Seminar
- Hugh Dubberly on The Networked Platform Revolution
- James Powell with Alistair Croll on Lean Analytics
Stay tuned for more developments on open innovation throughout the year.