Continuing my weekly series, in this week’s blog, we’ll explore the power of Discovery in driving value at lightning speed, unveiling insights, creating better futures, and driving impactful results.
The adventure continues, and with our Superheroes or data, artificial intelligence and data-science driven change by our side, the possibilities are limitless.
As we continue on our journey, we look at how Discovery supports our Future Makers and Industry Shapers in realising their dreams and making a positive impact to people and planet, as well as driving unparalleled commercial and operational returns.
The Power of Discovery in Data-driven Transformation
To date we've explored the symbiotic relationship between humans and AI, debunked myths surrounding AI hype, and charted a roadmap for AI success.
Along the way, our caped Superheroes of data, AI, and change have guided us, demonstrating the transformative potential of these technologies in driving business growth and innovation.
Now, as we peer into the future, it's time to take our journey to the next level, where our superheroes come together to align strategy, design solutions, and deliver measurable results.
Setting the Superhero Stage:
Meet the Superheroes of Data-driven Transformation
At the Institute of Clever Stuff, we view data, AI, and data science driven-change as the Superheroes in our story—each possessing unique powers that, when combined, unlock new frontiers of value creation.
Our AI co-pilot www.Fortu.ai serves as our trusty sidekick, leveraging the answers to complex business problems and business questions, along with advanced algorithms to assimilate past work and match it to the latest business questions from clients.
This enables us to accelerate the answers to these questions faster than any other consulting firm, driving tangible results at lightning speed, but it comes together with Discovery.
Introducing Discovery:
Align, Design, Results to deliver what we call RESULTS.REVOLUTIONISED
Our Discovery process is the cornerstone of our approach, guiding clients through a series of proven steps that lead to impactful results.
But you don’t need to buy it from us, today we share some tips to get going yourself…
So how to get started fast.
In Discovery, we start by aligning with clients' strategic objectives and shaping killer business questions that drive value and innovation.
From there, we design solutions and initiatives that address these questions, leveraging data and AI to uncover insights and drive change.
Finally, we deliver tangible results that deliver measurable impact and create better futures for our clients and their stakeholders.
A Sneak Peek into Our Discovery Process:
Along with Tips to do your very own and Drive Value, Fast
In Discovery, we explore a series of proven steps that get results, we are sharing a few of these here as tips to drive value, fast.
1. Imagine the Perfect Future:
We start off imaging the perfect future, the one where all of your plans go perfectly, and you achieve your results... close your eyes and imagine this world one year in.
How would you describe it over a coffee chat, what would you say are your biggest achievements, your results, your measurable value. How does that feel, what are people saying about it, why does it feel great.
Describe your biggest achievements, measurable value, and the impact you've made. This exercise sets the stage for identifying your key objectives and desired outcomes.
2. Envision it, but with an Even Better Future:
Now imagine an even better version of that, picture it in your mind, turn up the colours, the volume, the size.... make it not just great, but an even better version of your ideal.
What are your competitors, customers, colleagues saying about it and why? What is the overriding outcome you have achieved.
Push the boundaries of your imagination and picture an even better version of your ideal future. Amplify the colours, volume, and size of your vision, and visualise the impact you've made on your competitors, customers, and colleagues.
3. Formulate Action-Oriented Business Questions:
Now turn that outcome and vision into a business question you need to answer and articulate to achieve your dream out. It can be big and scary for now as we will break it down.
Turn your vision into actionable business questions that drive value and results. Start with "How do we..." to frame questions that inspire action and focus on achieving clear outcomes.
But it needs to be clear, action orientated, value driven and show a clear path to value.
“How do we…” questions are framed to drive action.
For example:
How do we add 1 million new and profitable consumers to our business, whilst offering them value for money, a unique offer and excite them to engage more, leading to a 3% increase in revenue and 5% increase in profit?
4. Turn the scare into share:
You realise that one year out isn’t long and that's a big question. But don't worry, we get practical, breaking that down into bite sized questions and timescales.
What do you need to achieve and what question do you need to ask this month, next month... and so on, until your 12 months are up, and you have achieved your over-arching question.
Break Down Complex Questions into Bite-sized Tasks that can be shared and managed - bite-sized tasks and milestones.
We use these to create a roadmap that outlines the steps needed to achieve your overarching goals, and prioritise tasks based on their importance and feasibility.
5. Prioritise and look for opportunities to Accelerate:
You now have a bunch of questions, it's time to see if any are more important that the others, the prioritisation and seeing what data and capabilities you have to answer these questions is key.
We have some templates, tools and techniques to accelerate this too, but you can generate your own as it is about prioritising to what you are capable of today.
We in the Institute of Clever Stuff, match the priority questions to accelerator use cases and solutions using our AI-Co-pilot www.Fortu.ai – our library of 350+ previously solved business questions and problems which have generated over 3 billion euros of value. If you'd like to try this out, just let us know.
Fortu.ai helps to prioritise your questions based on their importance and match them to accelerator use cases and solutions. However, it is also important to horizon scan future questions internal, and match and leverage good work that has gone before. How often do you re-use, scale and reap the benefits of great work you have undertaken in parts of your business where results are being realised?
You don’t necessarily need Fortu.ai to re-use what you have already done, but it makes easy and lightning fast, instead set up sharing sessions and a network to share, review, scale and re-use.
6. Craft Your Story and future Pipeline of Questions:
When you get to this stage, it is about bringing this together as a story, with a pipeline of questions, in priority order, that you can work towards.
It is now on to the practical and how many questions can you answer in linear sequence, or parallel to drive faster returns. To start small and grow through quick wins and value realisation.
Bring your questions together into a cohesive story and pipeline, prioritised in order of importance.
Focus on answering questions in linear sequence or parallel to drive faster returns and value realisation.
Conclusion: Get Started with Discovery Today
In conclusion, our Discovery process provides a roadmap for driving value, fast. But continues with analysis, building a proof of concept and prototyping, realising results early and exploit opportunities to scale.
By aligning with strategic objectives, formulating actionable questions, and leveraging data and AI, organisations can accelerate their journey towards achieving tangible results and creating better futures.
What more could we do to try out an approach to get results, fast?
Our Conversational Analytics approach we shared in our last blog brings this together super nicely - have a look to get some tips on how to manage this.
If you use them together: Discovery and Conversational Analytics - you will have a process to answer your business questions and get results, fast.
This is the 5-minute digestible version that gets you going.
Of course there is more to it, but if you wanted to start and play, the above is a great place to kick off.
If you want to see it in action, or hear more, receive some templates, or a taster Discovery, just let us know.
But equally, do try out the tips and steps above yourselves to see how you get on.
We would love to hear if these tips are useful and any feedback you have on how to make them better too.
Reach out to us at: BeAFutureMaker@the-ics.com today to hear more, share your thoughts and feedback or for a golden ticket to a mini-Discovery with us if your question is compelling.
Happy Discovering!
