PwC Innovation

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Blog

Sheldon Laube -
Chief Innovation Officer

Sheldon Laube
Nov. 4, 2009
Innovating Through Contests

The growing adoption of open innovation strategies represents recognition that no matter how large a company may be, there are lots of people outside the company with relevant good ideas.  Open innovation initiatives like P&G's Connect and Develop invite "outsiders" to contact P&G with ideas, products, or research of potential value to P&G.

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spotlights

Innovation is required to re-shape the Pharmaceutical Industry

Apr 30, 2009

Two new pharmaceutical business models are emerging that could transform the competitive landscape of the pharmaceutical industry. Both models are based on pharmaceutical companies becoming more openly collaborative with other industry players.

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PwC launches two innovative programs that extend the Firm's corporate responsibility commitment

July 7, 2009

Project "make [it] count" enables PwC employees to demonstrate responsible leadership and expanded flexible work options benefit our firm's people.

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PwC congratulates inaugural Impact Program scholars

June 15, 2009

Nearly 50 African-American high school students "graduated" from an innovative diversity program designed to help them navigate the rigorous college planning and financial aid process and gain admission into some of the nation's premier colleges and universities.

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I for innovation

Every chief information officer (CIO) knows that the job has become more complex. The changes of the past 20 years will seem mild compared with those of the next five. CIOs—and the senior executives they work with—will face unprecedented pressures, making success as a CIO even more difficult to achieve than it has been in the past.

Many executives expect CIOs to point the way for agile business in today's volatile economy. Some of the most innovative organizations, in fact, view IT as a primary engine of change for their companies.

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How the Semantic Web might improve cancer treatment

In an interview conducted by Alan Morrison, Bo Parker, and Joe Mullich, M. D. Anderson’s Lynn Vogel explores new techniques for combining clinical and research data.

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In addition, our firm ensures on-going innovation through a global network of e-learning practitioners who evaluate emerging technologies in the learning space and commission pilot projects using those technologies. According to Evans, "we challenge ourselves when it's appropriate to move from the classroom and introduce technology . . . we're determining how to use technology in a way that fits with the 21st century - to make it more snackable and flexible. It's all about rethinking existing technology." In addition, the PwC L&E team is working to create programs that are more holistic and experimental. Two examples include the Next STEP program (geared toward senior associates) and Forward Thinking (a senior partner-level experience). The goals are to build an experience so that our people build their confidence and can be successful. Evans notes that "it's about enablement and allowing time for reflection, being able to step away so they're allowed to debrief and think differently."

65,000 global PwC users have signed up for PricewaterhouseCoopers' iDataPlatform (iDP) since 2007, when just 10 users first tried this innovative research application. iDP, which relies on XBRL, enables collaborative consumer driven reporting and analysis across a range of alternative software tools including Microsoft Excel and Internet Explorer. Using iDP, PwC professionals are able to quickly access, create, share, adjust analytical models, data and visualization alternatives in assessing disclosures from over 75,000 public companies around the world. Just as HTML and the Internet created a consumer-driven model for accessing goods and services from music to books to cars to insurance to other financial products, XBRL enables a similar consumer driven model for business information and related resources. PricewaterhouseCoopers iDP provides a glimpse into the very first step in this consumer driven model for business information and analysis.

Traditional analytical or business intelligence systems require a web of physical integrations across underlying proprietary software applications. Information models, business rules, process designs, controls, etc. are redundantly embedded within each proprietary software application. The traditional solution is to solve the access and analysis problem by standardizing on a single proprietary software application which dictates the reporting and analytical concepts for its users -- often resulting in a high level of manual manipulations to meet demands for custom reports and/or information from multiple sources.

iDP approaches the access and analysis problem with a standardized approach enhancing the interoperability of disparate systems based upon common standards. Information models, business rules, and presentation concepts, are articulated in standardized taxonomies and executed across a wide range of software applications. Standardization empowers consumers to create their own reporting concepts and enables collaboration across consumers on reporting and analytical concepts.

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US Innovation Team

The mission of the US Innovation Team is to accelerate innovation by inspiring new ideas and reducing barriers to their implementation at PwC. Led by Chief Innovation Officer, Sheldon Laube, the team facilitates the inspiration of ideas from around the firm through messaging and communications, promotes dynamic ideation with our people and clients, removes rigid barriers to implementation at PwC, and engages and invests in robust dialogue with our people, clients and communities.

Center for Advanced Research (CAR)

The PwC Center for Advanced Research (CAR) creates competitive advantage for the firm by applying advanced technology and thinking to important practice problems. The Center employs researchers and subject matter experts from all over the globe who develop innovative solutions not yet available in the marketplace. The Center pioneered the use of social networking and search to create Ask a PwC Colleague; developed a revolutionary solution for document review called Magic Lens; designed the firm's flagship audit performance support system with innovative technology tools; and is currently in development with several other exciting projects. Software delivered by the Center provides PwC professionals with distinctive tools that differentiate us in the marketplace.

Center for Technology and Innovation (CTI)

The PwC Center for Technology and Innovation (CTI) provides leading-edge research and analysis of technology trends and their effects on companies, industries, and markets. CTI comprises technology veterans who have extensive experience in advanced applications of existing technologies, and knowledge of potential uses of emerging technologies. CTI is widely known for its Technology Forecast publications and for delivering insightful briefings on technology trends to PwC clients and industry leaders around the world. Current areas of research include: Enterprise architecture and agility; Next-generation ERP; Business Intelligence; and Blending owned and rented infrastructure. www.pwc.com/cti

Go to CTI ->

Health Research Institute

Health Research Institute (HRI) is a dedicated research group that provides new intelligence, perspective, and analysis on major health-related business issues. PricewaterhouseCoopers pioneered the establishment of a dedicated global healthcare research unit. The Institute enables our practice leaders to participate in a collaborative exchange among a network of more than 4,000 professionals with day-to-day experience in the health industry.

Go to HRI ->

US IT Innovations

The US IT Innovations team identifies and evaluates business-aligned, emerging technologies, processes, and concepts. The output of team activities and deliverables assists a wide audience of IT and business stakeholders in making both tactical and strategic decisions. The team evaluates around 100 new technologies each year and selects a subset to test and elicit feedback from small communities of business users. The results of experimental work inform IT strategy, business leadership, client engagement teams, and other interested parties.

Members of the team often assist with client engagements where emerging technology insight is requested. Partnerships with internal and external academic, thought leadership and analyst organizations ensure that a comprehensive point-of-view can be formed.

Genesis Park

Genesis Park brings together high performing PwC staff from around the world who demonstrate clear leadership potential, and then immerses them in an intense, sixteen week residency program, during which participants are freed from all client obligations. The Park takes our most promising people to the next level -- developing them into business leaders capable of creating significant value for PwC and its clients.

PwC's senior leaders remain actively involved in the program as mentors, providing a senior-level perspective on the most pressing issues facing the Firm. Genesis Park has been featured in the "Financial Times" and "Harvard Management Update," and cited as an innovative approach to leadership development by "HR Executive," and other leading HR publications.

Go to Genesis Park ->

Corporate Responsibility

Corporate Responsibility can be defined as businesses incorporating social, environmental and economic considerations into their decisions and processes. But it is also about creating and applying innovative solutions to the challenges our society and environment face. Fulfilling this mandate requires that all parts of an organization work together, in collaboration with other organizations, stakeholders and sections of the community to ensure the best possible outcomes.

PwC approaches Corporate Responsibility from four perspectives, which we call the "four quadrants" - Community, Environment, People and Marketplace. By considering the wider impacts of our decisions in these four quadrants we are better able to develop a comprehensive strategy that embeds Corporate Responsibility into all our business planning and processes.

The Corporate Responsibility Office and the people of PwC are committed to playing a leading role in achieving a sustainable future: We take responsibility for our actions and promote responsible business practices; support the growth and development of our people and communities; and seek to minimize our impact on the environment.

Go to Corporate Responsibility site ->

Ulysses

Ulysses is a global leadership development program for future leaders of PricewaterhouseCoopers. The Ulysses program builds a global network of responsible leaders who are committed to developing quality, trust-based relationships with a diverse range of stakeholders. These leaders understand our responsibility as a firm, and as individuals, to integrate stakeholder collaboration into the role of high performing business to create sustainable success for communities and markets across the world.

Go to Ulysses