This year's Lux annual event, Genius 2020, has been engaging, thought-provoking, and action-packed! Attendees have been hearing presentations and panel discussions around our theme for this year: Innovation for the Next Economy.
We're excited to showcase some of the insights from Genius 2020 over the next several days. As a sneak preview, we wanted to highlight some of the quotes shared by our keynote speakers throughout the event. These quotes really call attention to the challenges and opportunities in the next era of innovation.
“We don’t need a genius. We need genius in our companies and throughout our teams… Shift your innovation strategies to master integration, not invention.”
– Michael Holman, Ph.D., VP, Research at Lux Research
“All else equal, the fastest company in any market will win. Speed is a defining characteristic – if not the defining characteristic – of the leader in virtually every industry.”
– Sasha Novakovich, Co-Founder and CEO at Alchemy
“Going forward into the future, data integration will play a crucial role in consumer product personalization… Don’t fall for a narrow interpretation of personalization. Focus on capitalizing on the right personalization opportunities across the consumer journey.”
– Harini Venkataraman, Ph.D., Analyst at Lux Research
“COVID-19 has made society much more receptive to change, causing an acceleration of this transformation. For innovation leaders, this poses a devilish dilemma: how long to exploit the old, how much time to explore the new, before we get overtaken. It is the place where innovation can be extraordinarily impactful – or negligent – for your organization.”
– Peter Nieuwenhuizen, Ph.D., VP, Technology Strategy & Deployment at Enerkem
“Dematerialization means new markets for goods are going to be smaller… Look for dematerialization up and down the supply chain and act on it first.”
– Anthony Schiavo, Senior Analyst at Lux Research