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The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

Infosys invests $4mn in Israeli startup CloudEndure

New Delhi: Country's second largest software services firm Infosys today said it has picked up minority
stake in CloudEndure, an Israeli startup that provides cloud migration and cloud-based disaster recovery software, for $4 million (about Rs 26.7 crore).

Pushing for innovation. Reuters
Pushing for innovation. Reuters
The all-cash transaction will be completed by 11 December 2015, Infosys said in a filling to the BSE.
"The company (CloudEndure) offers a highly differentiated solution addressing a USD 15 billion software and services market that is of significant strategic importance to Infosys," it added.
With the investment, Infosys has picked up a minority, not exceeding 20 percent of the outstanding share capital of the company, it said.
Set up in 2013, the privately-held CloudEndure has a presence in Israel and the US.
The Bangalore-based firm is actively scouting for companies working on innovative technologies. Earlier this year, Infosys had announced a $500 million Innovation Fund, earmarked for investments in the growth of disruptive new technologies.
The company has stated that it will invest in companies that develop innovative technologies on automation, Internet
of Things (IoT), and artificial intelligence (AI).