IBM Corp. produces about 10 patents a day, its senior vice president of research said yesterday, but the company doesn't consider them its most important intellectual property.
It's innovation that is key to IBM's ability to compete, rather than producing products at the lowest cost or getting them to market in the fastest time, John E. Kelly III said.
"Every place I go, (innovation) is all they want to talk about, and what they're focused on," said Kelly, who returned this week from a trip to Eastern Europe.
Kelly spoke at a program sponsored by The Business Council of Westchester, "Westchester@-Work: Investment, Ingenuity, Innovation." It's a series of events the council has launched this year as it seeks new business growth options in a county where the council sees less manufacturing and back-office operations in its future.
About 50 people attended the program at IBM's Industry Solutions Lab in Hawthorne. Kelly suggested that innovation could be broken down into a formula: (invention + insight) x collaboration.
Invention isn't enough to get a company to the next level. There must also be a sense of how to deploy the new products and services a business can come up with. And the business needs to find people, both within and outside its borders, to make the leap to the marketplace.
Those collaborations work at different levels. Kelly noted that IBM is working with other companies that are affiliated with SUNY Albany's College of Nanoscale Science and Engineering.
One of the businesspeople at yesterday's event is finding success in collaboration overseas. Susan Lewenz, president and chief executive of Axxiem Web Solutions of Hastings-on-Hudson, said the three-year-old company has an agreement with an Indian business that writes the coding for the Web applications software it designs.
"It's like one team. It's just one team 11 hours away," Lewenz said.
She would have added one other element to Kelly's innovation equation: execution. Lewenz said businesspeople overseas see Americans as especially adept at that function.
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