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How to Innovate at Speed With Edwin Keh

Name: How to Innovate at Speed With Edwin Keh
Uploaded: 2024-08-07T12:00:29+00:00
Duration: 40 s
Channel: Will Milling
Description: In this segment of his talk, Edwin Keh advocates a rapid‑innovation mindset that prioritizes getting a functional, though imperfect, product into the…

7 Aug 2024 · 1 min

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In this segment of his talk, Edwin Keh advocates a rapid‑innovation mindset that prioritizes getting a functional, though imperfect, product into the market quickly. He proposes releasing a "70% solution"—a version that solves most of the core problem despite bugs—mirroring software development practices where version 1.0 is buggy but still valuable. By accepting early‑stage messiness and planning for subsequent patches and version 2.0, teams can iterate toward a real‑world solution faster than waiting for a perfect launch.

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If you want to innovate at speed and if you want to get to real-world solution, what you want to do is you want to throw out into the marketplace 70% solutions. And the way to think about it is this is how the software world operates. Version 1.0 of anything is going to be buggy and there will be patches that come along and 2.0 will come along. But version 1.0 solves 70% of your problem. And 70% solution is better than 0% solution. So move things quickly, maybe move things, sometimes there's some messiness to it, but that's okay. We have that tolerance to be able to deal with it and improve as we go along.