We envision a future with information and data as the biggest driver of continuously increasing social and economic value. We seek a pivotal role in this change and believe in significant opportunities of the future data-driven world.
Corporations are in a need to find new ways to speed up their clock-speed and take input from the startup world for innovation. Both sides have their own strengths. When corporations have resources, existent customer base, processes and industry knowledge, have startups fresh ideas, agility, will-power and growth-minded attitude.
So isn’t this something where both players can only win and how to play this corporation-startup game in Europe? Our Tieto Data Incubator team visited Barcelona’s incubators to share ideas around it.
Incubator co-operation to innovate under the sun of Barcelona
It’s not only about working together with startups. It’s also working together with other players in the ecosystems; customer, partners and other incubators. When we work together, we not only learn from each others but we can improve us and our support to startups to maximize customer value. This is also a way to see that no good idea is going to be wasted - to see that good ideas get best support and opportunities. That in mind we visited this month two top-notch incubators also in Barcelona - Incubio and Startupbootcamp.
Startupbootcamp is a global family of industry-focused startup accelerators driving innovators and startups forward from all over the world. There is no one key to success, but their very intensive and structured program to go forward seems to work. Their success rate measured by companies still operating after their program is impressive. “It is not just teaching them but it is to find a way how to implement a business model canvas. Crucial is to truly implement what you learn during the program. You need to be ready to change the path if needed. It is about to shape and reform the idea. If it does not make sense you need to be ready to change - learn and implement.” says Angel Garcia, Founding Partner Lanta Digital Ventures and Startupbootcamp IoT-Data & Cybersecurity.
Another great example is Incubio, corporate venture incubator, operating in an very exciting space in old dog racing stadium Barcelona Greyhound Track which has been now reformed to arena for startups and innovation. As data-driven incubator they focus also on data - taking data and turning it to business and value. The methodology they use to help startups to grow and success has a flavour from lean startup and agile methodologies. It has been fine tuned and iterated during their 6 years operating time to a very well working process which have even flavour of gamification for their startups presented Simón Lee, Managing Partner and Chief Designer at Incubio, to us during our visit. Watch video greeting from Taneli Tikka, Head of Innovation at Tieto and Simón Lee, Managing Parter at Incubio.
Scale up your data-driven start-up with a corp-up
Corp-up term is seen to be used in "corporate" and "start-up" collaboration. Studies also support the view of benefits of corporation-startup co-operation. “From an innovation perspective, the ultimate objective is to validate promising initiatives and selectively scale them up in order to adapt or even renew the existing core business. Startups, alike, show a rising interest in collaborating with corporations, rather than only trying to evolve under the umbrella of primarily value-oriented VCs.” The Age of Collaboration, Match-Maker Ventures and Arthur D.
In Tieto we launched own Tieto Data Incubator last autumn. As Tieto’s head of innovation Taneli Tikka says “Having an idea is one thing - harnessing it is quite another. Tieto Data Incubator’s focus is on data. In many cases, the data needed to achieve this transformation already exists, but the challenge for many businesses comes when they try to tap into this potential and turn it into real, exciting initiatives that can change the way we look at the world.There is an ocean of possibilities out there, but businesses need the right support and expertise to make the most of it, and this is where we at Tieto Data Incubator comes in.
What do startups get then? One example we have used in our vision is that you can imagine that your data is a formula car, and your business is the driver. If you’re skilled enough, you can do incredible things with it, getting it up to amazing speed and taking your company to the next level. But a car and driver on their own isn’t a racing team. You need support from a huge number of people - mechanics to get it up and running, logistics and engineering experts to build the parts and get them where they need to go, even caterers to make sure everyone’s well-fed and ready to perform. There an incubator can't drive the car for you, but we can make sure you’ve got everything you need to make it hit its top speed.
Data in the heart of innovation
The need to digitise your business and innovate with new technologies available is clear, but this is often easier said than done. It requires a major culture change and a deep understanding of every part of an organisation in order to be successful.
Clear is that no-one can do it alone. We need to do it together. Together with corporations, startups, accelerators, incubators, universities and other organisations.
It was pleasure to visit Barcelona. Big thanks to our wonderful hosts Simón Lee from Incubio, Angel Garcia from Startupbootcamp and Oscar Sala from Strands. Same also to our talented Tieto Data Incubator team: Taneli Tikka, Marc Salas Martínez and Fredrik Ring.
If you have a data-driven idea or you would like to know more about Tieto Data Incubator visit tieto.com/incubator and get in touch.
Pirjo Virtanen, Marketing Manager, Tieto
Tieto’s newly established Data-Driven Businesses wants to help Nordic society to pursue the significant opportunities of the data-driven world. In support of this goal, Tieto is also investigating the opportunities Artificial Intelligence can present in various sectors. The company has earlier announced the appointment of Artificial Intelligence as a member of the leadership team of its new Data-Driven Businesses unit in order to study the effects of truly data-driven decision-making.
– Tieto sees data as the new water – the prime driver for human experience and economic value in the future – and aims to co-innovate new and unforeseen data-driven services with the help of new cutting-edge technologies like Artificial Intelligence. In our vision of the future, we see that every industry has the potential to become AI-filled as AI can be used to extract value from all kinds of data, comments, Ari Järvelä, Head of Tieto Data-Driven Businesses.
Today’s announcement speeds ups Tieto’s possibilities to create data-driven services specifically in the healthcare sector. In the Nordics Tieto has a long history as healthcare and social care solution provider and as a part of Tieto's Data-Driven Businesses strategy the company is also seeking further opportunities and partnerships in the healthcare sector.
Microsoft AI in Health Partner Alliance provides resources for healthcare and social care solution providers to apply AI to healthcare.
– Without AI solutions it is impossible to solve the huge challenges facing our society. Tieto's aim in the health and wellbeing sector is to drive personalized but efficient data-driven models by maximizing the wellbeing of individuals while reducing the costs of public healthcare and social care services. For every citizen this means personalized, faster and more personalized services, says Matti Ristimäki, Director, Data-Driven Businesses in Public, Health and Wellbeing, Tieto.
Tieto has actively collected innovators, teams and startups to join forces in creating data-driven future business. The company fosters a strong drive for co-innovation and ecosystems globally.
Blog: Harnessing the new era of data in health for more human centric wellbeing by Matti Ristimäki:
Tieto the first Nordic company to appoint Artificial Intelligence to the leadership team of the new data-driven businesses unit https://www.tieto.com/news/tieto-the-first-nordic-company-to-appoint-art...
Read more about New Data-Driven Businesses: www.tieto.com/data-driven
For more information:
Jessica Diktonius, Head of Media Relations and Reputation Management, jessica.diktonius[at]tieto.com, +358 40 70 991 76
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal, by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com.
When it comes to building maintenance, old business models are dying quickly. Traditional solutions such as contracted cleaning, where a company agrees a deal to come in for a fixed number of hours a week, are unsustainable in the long-term as they become less profitable.
Instead, new approaches will be required, driven by better data that allows companies to take a more targeted approach to maintenance. And at the heart of this is the occupants of buildings themselves.
Internet of Things (IoT) sensors have come a long way in recent years, and are now able to see, sense and smell a wide range of data. But they're still a long way from human capabilities, as people are still better than any technological solutions when it comes to expressing how they feel about an environment.
The first stage of human sensors
Therefore, using humans as sensors will become vital to any building maintenance. At the easiest level, this may take the form of feedback buttons in various locations that ask users how they feel about the space. Simply touching a positive/negative button or a happy/sad face can give instant data to maintenance companies about a space and highlight any problem areas.
For more specific feedback, people can also raise tickets with their maintenance provider. So, for example, if there's a coffee stain on the floor that's really annoying someone, they can flag this up directly. This in turn can lead to changes in how cleaning companies approach their work and make them more efficient.
Instead of having a fixed schedule for cleaning each floor, a company can use the number of tickets as a KPI to determine its success - if there are no tickets from an area, this is a signal things are ok there. By setting a service goal - for example, of receiving no more than three tickets from building users in a given time - this changes the business model. So instead of visiting at location two or three times a day, you might only have to visit it once a week as long as there are no reports of complaints.
Moving towards real-time feedback
But this type of manual feedback is only the first step in turning humans into effective sensors. In the coming years I predict we'll see more and more firms adopt solutions such as wearables, which can send feedback automatically without the individual having to file a report.
For example, the technology could detect if CO2 levels in a room are too high and then communicate directly with air conditioning systems to improve the environment. Today's wearables are now so impressive some can even monitor an individual's pulse in enough detail to measure their stress levels.
Imagine the possibilities this opens up for team leaders and building managers. By using analytics to study this data and spot times, locations or activities that lead to increased stress levels, managers can make adjustments to the environment, boosting productivity and making the office a nicer place to be.
At the moment, surveys about workplace satisfaction may take place only every few months, or even once a year, with leaders then acting on these findings. But with humans as sensors, changes can be made in real-time. And while it may sound like science fiction, this future is closer than you might think.
Of course, there will be issues with privacy to address if people are to adopt wearables in the office, but I believe that younger workers in particular are much more open to this type of technology - and we're already starting to trial it here at Tieto. Providing the concerns of workers are adequately handled, this could be business as usual in around five to ten years.
Tomi Teikko, Director, Intelligent Building, Tieto
Read more about Tieto Intelligent Building.