KEY STAGES OF INNOVATION – 1. Idea Evaluation
Adding to the idea evaluation tools that have filled the public domain, the panellists in this session will examine the key success factors and best practices for IoT-oriented ventures. They will take a close look at Lean Startup Methodology to define an agile entrepreneur, and outline what kind of ecosystem helps in swift idea evaluation and risk mitigation. The deliberations explore compelling need, time to market, testing, pilots, mapping ideas, competitive scenarios and entry barriers are then thrown into the mix. Thereafter, monetization, ROI, operational challenges and logistics constitute areas where panelists are encouraged to dive deeper. Finally, the panel turns to scalability and wide ranging applications to make it big with a few illustrations for innovators of the future.