Sramana Mitra: I’m going to make a couple of points on what you said. I was talking to Head of Commercial Banking in American Express. She told me that they waited a long time before they got into this micro-lending business which companies like OnDeck and Lending Club are doing. Lending Club is peer-to-peer and
Sramana Mitra: What have you concluded, through your various assignments, in terms of process? What processes have worked for you? What are examples of best practices? Anita Sands: Let me share two. They’re related. As I look back on all of the various processes that we put in place to try and work through innovation,
Sramana Mitra: What you said reminds me of an anecdote. We have a close relationship with Intuit. This is probably a few years ago. Snapchat was incredibly hot then. I was talking to the Chief Innovation Officer of Intuit. He said, “In our innovation program, a project like that came up. We chose not to pursue
In this interview, Anita Sands discusses Corporate Innovation as it pertains to large enterprises experiencing disruptive change as well as some experiencing hyper growth. She has perspective on both, and generously shares her thoughts. Sramana Mitra: Anita, you have spent the first part of your career being a physicist. That’s a really interesting training ground
Sramana Mitra: One point we should probably highlight is the intellectual property issue. When you are going through the One Million by One Million program on your own, you own the intellectual property. Of course, this is an Oracle program. It’s a very reasonable conclusion that the intellectual property belongs to Oracle. For everyone who’s
Sramana Mitra: This happens quite often that an idea that comes through the program is well fleshed out but doesn’t always find an implementation path. But that’s okay as far as we are concerned because the learning that people go through in fleshing out and being ready to present is the primary goal of the
Sramana Mitra: What about engagement? What are your thoughts? Why is the program so popular? Every time we run an edition of the program, there is tremendous engagement and lots of applications. There is a preparation time of six to eight weeks when we want people from Oracle to come attend the public roundtables. There
Sramana Mitra: Let’s double-click down on how we have evolved the program a bit. When we started, the application process involved people presenting their ideas. At that point, we were asking for people to submit ideas. As we went through the evolution over the years, we have completely morphed the program. In the application stage,