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Just over a year ago, Foundation Medicine received FDA approval for FoundationOne CDx, a test that analyzes tissue samples for alterations across 324 genes known to drive cancer, helping oncologists steer patients to immunotherapies, clinical trials, or genetically matched drugs made by partners.Early detection through a CT scan can be the difference between life and death for lung cancer patients, improving the five-year survival rate from 16% to 56%. The company also wants to create omnichannel customer journeys so that shoppers can seamlessly move among channels, ordering at home and picking up in stores, for instance.

In food delivery alone, it handled 2.77 billion transactions: That’s 178 Meituan-enabled services every second of every day. The world’s 50 most innovative companies of 2020 The 10 most innovative VR/AR companies of 2020 The future of clothes: These 3 startups help you rent or resell everyday items Speaking with noncompetitive companies that have made the transition is a good place to start. We find the highest proportion of committed innovators in the financial and pharmaceutical sectors (both 56%)—and the lowest in industrial goods (37%) and wholesale and retail (32%).Committed innovators are winning. This year, we noted a new and surprising pattern: compared with 2015, significantly more respondents named companies traditionally associated with a different industry as a leading innovator in their own industry. Last year, the league broke attendance records for the fourth straight season; its streaming service grew subscribers by 63%; and total revenue increased 25%.

Second, it has diversified its supplier base so that the loss of one supplier does not bring the delivery of the final product to a halt. Statistics like these inspired Ghanaian entrepreneur Fred Swaniker, who opened the African Leadership Academy high school in Johannesburg, in 2008, to turn his attention to higher education. Facing turbulent and fast-changing markets, innovators need a well-tuned innovation system that can spot emerging product, service, and business model opportunities—and then rapidly develop …

Drive to set an ambitious agenda and fund promising opportunities. BCG’s latest innovation survey surfaces some big trends. Another issue is the challenge of making success repeatable, establishing a successful serial innovation machine. These efforts helped Grab hit $1 billion in revenue in 2018 and attract more than $3 billion in fresh funding to expand. The top two issues cited by all large firms in our 2020 innovation survey are a lack of discipline in resource allocation, including insufficient rigor in cutting questionable projects while putting muscle behind those with promise (31%), and the difficulty of uniting the organization behind … These sensors serve a dual purpose: They alert the company of potential issues with the trackers in the field, enabling preventative maintenance, and they collect data on system performance, providing a steady stream of insight for future product improvements.What do these innovative product examples have in common? Have cloud tools met their expectations? Size to transform these opportunities into real sources of new revenue. This meant both adding a layer of connected technologies to the bike itself and developing services and experiences that users could easily access.Spinn brought platform thinking to the humble coffee maker. Here’s how the company has embraced innovation to extend its ethos.It’s edible, tasteless, and can double (or triple) the shelf life of fruits and vegetables. They bring together hardware, electronics and software. In 2018, Indigo’s resilient corn provided over 10% more yield per acre than traditional seed.Brazilians have traditionally been able to bank only with a handful of large institutions that charge some of the highest lending rates globally. In 2018, the company launched a new AI lab, where researchers train algorithms to identify the fraud risk of an ID and automatically direct those that warrant further scrutiny to human reviewers.For matching cancer patients to breakthrough treatments.The promise of precision medicine is becoming a reality in cancer treatment, where patients now routinely have tumors genomically tested before deciding on how to respond.

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