Episode 1: Pilots, MVPs and Proof of Concepts

In this episode, Holly and Ewan explore the concepts of MVPs, prototypes, and pilots, discussing their importance in product development and the challenges faced in implementing them, particularly in the context of AI and financial services. They emphasize the need for accountability, structured processes, and the value of learning from failures to drive innovation and improve outcomes.

Takeaways

• MVPs, prototypes, and pilots serve as essential tools for testing ideas.
• Many organizations remain in a perpetual pilot mode, which incurs costs.
• AI POCs are prevalent but often lack clear outcomes and accountability.
• Successful pilots require structured processes and defined outcomes.
• Failure should be embraced as a learning opportunity.
• Siloed structures in organizations hinder collaboration and innovation.
• Innovation must be accompanied by structure to be effective.
• Feedback from stakeholders is crucial for continuous improvement.
• Organizations should focus on solving problems rather than just implementing technology.
• Effective communication between business and technology teams is vital.

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