Technology partnerships are one of the most effective ways organisations can expand their capabilities. However, many Chief Capability Officers don’t realize just how beneficial partnerships can be since the effects are often diverse and far reaching. Here are some of the most notable reasons for partnering for innovative change.

Combined Clout

Technology partnerships can open up more possibilities and apply more power to chosen solutions. It really is a case of two hands are better than one.

Additionally, a good technology partner may have already tested and trialed innovations which ensures the organisation can sidestep common problems. This reduces risk and improves success rates.

Leveraged Resources & Cost Savings

Technology partnerships help organisations leverage expertise and resources. Instead of reinventing the wheel, they better utilize what’s available, leading to significant cost savings.

Enhanced Product Capabilities

Organisations can expand product features and functionalities without the extensive time and money necessary for in-house development. By shortening the R&D timeline, organisations can do more without straining in-house resources.

Improved Customer Experience

Many technology partnerships help organisations create seamless, user-friendly experiences. This helps businesses increase retention rates and attract new clients which bolsters revenues.

Greater Reach

Complementary partners don’t necessarily need to operate within the same market. Consequently, choosing the right one can open markets in new regions and sectors to build an organisations’ client base.

Competitive Edge

Organisations can create technology partnerships with adept companies with a high level of technical expertise. This can help them create a competitive edge, without a huge investment in costly new innovations.

Ongoing Technological Relevance

Technology changes at break neck speeds. As a result, it is near impossible for organisations to remain technological relevant without outside assistance.

Luckily, by creating good partnerships organisations can remain technology relevant and create an innovation culture. This ensures they always stay on top of the latest new technology solutions and markets and needs change.

Valuable Data for Informed Decisions

Technology partnerships can provide a wealth of highly-beneficial data for organisations. This includes access to user behaviours and preferences. This can lead to tailored products and services that quickly meet customer needs.

Creating Successful Technology Partnerships

The benefits of technology partnerships are impressive. Yet, Chief Capability Officers may become overwhelmed by choice when seeking appropriate partnerships. Fortunately, EarlyBirds can help.

With years of experience and expertise in many sectors, EarlyBirds offers multiple methods that can help organisations tap into appropriate technology partnerships. Each offers the following benefits:

• Increased productivity
• Improved operational efficiency
• Enhanced competitiveness
• Connections to the best Subject Matter Experts and innovators available
• Simplified process

EarlyBirds Skill Identification Program

Our skill identification program offers potential solutions to organisation to find and retain the best in the current talent pool.

The program is overseen by veterans in the industry with a high level of credibility and expertise that benefits all parties. It also provides actionable data-driven recommendations fuelled by cutting-edge technologies, such as artificial intelligence, machine learning, and predictive analytics.

EarlyBirds Open Innovation Ecosystem

Our award-winning Open Innovation Ecosystem allows both innovation and strategic thinking in all areas of a business, whatever the technical or business challenge or potential opportunity your organisation wants to explore.

With a data pool of over 5.0 million global innovations across many industries, it is possible that solutions already exist that address your organisation’s challenges. Alternatively, your organisation can list your challenges and request solutions from innovators.

EarlyBirds Ecosystem Maps

EarlyBirds’ Ecosystem Maps offer strategic value for decision-making. They empower CCOs, because they provide a full picture of the possible technological advancements in specific domains. This allows them to make informed, forward-thinking decisions.

Each Ecosystem Map contains startups, scaleups, and mature companies involved in specific themes and sub-themes so organisations can plot a path towards innovation. The map also tracks numerous daily and historical news and media articles from across the world.

EarlyBirds Explorer Program

The Explorer Program is tailored towards those who need innovation as a service to supplement existing innovation programs, or to conduct innovation projects when required. It is designed to speed up the process of technological innovation for the organisation as a service.

The Explorer Program includes several features including quarterly and monthly innovation days; regular webinars to help stimulate innovation in the organisation; a focus on types of innovations; a platform enterprise license; and a nominated SME for the business.

EarlyBirds Challenger Program

The Challenger Program focuses on a single organisational or technical challenge. It looks for the most relevant innovators that meet your organisational, technical, and risk requirements.

The program is run by an EarlyBirds’ Subject Matter Expert who identifies your key issues. The SME then searches the data pool to identify and curate options for further evaluation. The most suitable option is chosen and the SME drafts a roadmap of next steps, POC, trial, or implementation.

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The best Chief Capability Officers understand the benefits of good technology partnerships. If your organisation want to expand capabilities, please sign up as an Early Adopter. Alternatively, reach out for a personalized consultation.

Our experience extends to the Food Industry, Retail, Healthcare, Operations & Maintenance, Manufacturing, Finance & Insurance, Energy, Education, Cybersecurity, Sovereign Nations, the Public Sector, and many other areas. We can help your business expand capabilities through appropriate technology partnerships, quickly and effectively.

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