Dow Jones Sustainability Indexes Score

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We’re excited to tell you about our Innovation Management score on 2010 DJSI (Dow Jones Sustainability Indexes). DJSI are the first global indexes tracking the financial performance of the leading sustainability-driven companies worldwide. LGE got 83 out of 100 for our innovation management (The highest score was 84 and the DJSI sector average score was 70). We believe that our strong Open Innovation initiatives contributed a lot to the DJSI score.

Chris Ryu

Written by collaborateandinnovate

June 8, 2020 at 11:58 PM

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I was recently asked to give a presentation titled:

“LG’s Convergence Strategy”

This is a complex topic to cover, and a lot of what the CTO division does is highly confidential, because by nature, they’re looking at developments for 3 years + products. I decided therefore to give an introduction to my role in LG - Open Innovation, along with my personal thoughts on Convergence.

In this blog post, I’m not going to talk about Open Innovation, but instead focus on the Convergence part of my presentation.

What does convergence mean?

The dictionary definition of convergence is: tending to come together; merging.

That’s pretty vague, so what does it mean for LG, or less specifically Consumer Electronics? There are several trends in consumer electronics that I think could be viewed as relating to convergence:

  • System Hardware
  • System Software
  • Ubiquitous Connectivity
  • Consumer Behaviour

System Hardware

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There was a time when each device was designed with only one function in mind. Given that each device was only doing one thing, the hardware selected to make the device was very different. A TV was used for watching TV broadcasts, a Mobile Phone was used for making telephone calls etc.

Around 10 years ago, before I worked for LG, I was working for a PC manufacturer, and the role I had there was, I believe, at the start of the convergence revolution. I worked with our customers, to create systems that had previously been designed with custom embedded electronics, to use x86 based PCs to do the same role. At that time I created products like Navigation Systems for Container Vessels, Vending & Fruit Machines and Cash Registers.

Since that time, the power, size and cost of computers has improved dramatically, to the point where today, there is very little hardware difference between a Smart Phone, a Tablet Computer, or a TV.

A perfect example of this situation is Apple, who use identical hardware and software in their iPhone, iPad, iPod Touch & Apple TV 2.

While no two Apple designs are identical, and are always uniquely designed to fit a desired form and function, the commonality of elements and features among the Apple TV, iPad, iPhone 4 and iPod touch is striking iSuppli 2010

The Apple TV 2 has an 8GB RAM chip, but only uses a small portion of this, one theory on the internet suggested that because Apple was using 8GB chips in their other products, the volume cost for 8GB was lower than a smaller chip!

System Software

When I was working with PCs, I was often working with software developers to create custom software to run on the devices I developed. These days, even the software running on the different devices is similar.

Again using Apple as an example; with the exception of the UI, the software on iOS and OS X is almost identical. Apple uses the same underlying Unix system, with the same code for networking, media playback, graphics etc.

Ubiquitous Connectivity

At the same time as these revolutions in hardware and software, the internet has exploded. 10 years ago, broadband was just starting to get into consumer homes, at speeds of up to 512kbps. These days we can get that kind of speed on mobile devices with 3G!

Being able to connect to the internet has been great for social networking, and searching for information wherever we are, but I believe that we’ve only started to scratch the surface of how ubiquitous connectivity will influence our lives.

Consumer Behaviour

All of the technology developments I’ve described so far have had a profound affect on how we use products. As devices have become smarter, the usage boundaries have become blurred.

These days my wife watches TV on my iPad more than she does the TV, and she’s not alone. Services like Netflix, Hulu, BBC iPlayer started off on the PC, moved to mobile devices and are now going full circle back to Smart TVs.

The Future

So far I’ve talked about history, and where we are up to today, but what about the future; where do I see convergence taking us?

I’ve selected a few areas where I expect to see growth in the coming years, further continuing the convergence trend.

  • Cloud Servcies
  • Smart Grid
  • In Car

Cloud Services

‘Cloud’ is a hot topic these days, and In some areas I feel that it’s over hyped. I’ve done some personal studies recently that have helped me to come to this conclusion.

The primary benefit for cloud services is that the consumer doesn’t have to worry about the maintenance of the service that they’re using; cloud services can be reliable, with redundancy built in by the provider; they can scale to grow as demands increase; backups can be done securely, and are stored off site.

The downsides of cloud services however, are that you are dependent on a reliable and fast internet service for access. There are also potential cost issues associated with cloud services, particularly storage, where cloud storage is considerably more expensive than traditional local storage.

The important thing with cloud services are to carefully weigh up the pros against the cons. One of the most popular cloud services today is GMail, who also offer a service for businesses called ‘Google Apps for your Domain’. This kind of service is ideal for the cloud, as without internet connectivity, you wouldn’t be able to access email if you were hosting it yourself anyway!

Google’s Email services is free for private use, and for businesses with less than 50 users. For this they provide 7GB of mailbox space, virus & spam filtering, push email as well as secure connections to their servers from all devices. To be honest, I can see little negatives with this approach.

On the other hand, a company hosting all of their contact management system in the cloud, would be in a very difficult situation if their internet connectivity went down.

There are additional consumer fears with cloud services, such as what happens if the cloud service provider looses my data?

Smart Grid, and In Care are another hot topics, and I’ll cover them later.

Neil Robinson

Written by collaborateandinnovate

June 7, 2020 at 5:23 AM

CoDev2011

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CoDev 2011 http://www.codevpd.org/ was amazing. From LG Electronics, Robert Cha, Sam Cho, and I attended this year’s conference. I was the one of the guest speaker for the day 1 and spoke about how to implement Open Innovation across the organization.

There are many good speakers and we’d like to share the things that we learned from the conference.

- Changing people’s mind-set is the key success factor. In order to do that, top mangement’s support is critical, and you need to actively promote Open Innovation culture, improve processes, develop incentive systems, career path, etc.

- Open Innovation structure for the big corporation is changing from just having central hub organization to hub and spoke. And from hub and spoke structure, it’ll change to implementing Open Innovation to other value chaines of the business (Sales, marketing, etc.).

- It’s critical to define the needs (What you’re going to search for) based on customer insights.

Chris Ryu

Written by collaborateandinnovate

February 10, 2020 at 7:21 AM

CES 2011

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Well it’s that time of year again, new year comes and it’s time for the annual trek to Las Vegas for the Consumer Electronics Show.

This year the show was really busy, the LG booth was always full of people, which is always a good sign. Having said that I noticed that whilst the number of visitors was high, there wasn’t as much new technology this year as previous, and also not so many small companies exhibiting. Maybe it’s a sign of the times, with global recession affecting the smaller players more than the large. Hopefully the high number of visitors are a sign that things are improving and 2011 will be a good year for CE.

CES 2011 was a great year for Collaborate & Innovate, with two really key technologies on display at the show:

  • Media Link (Powered by Plex) is LG’s premium content sharing and distribution platform, which actually received one of PC World’s ‘Best of CES’ awards. Plex was introduced to LG by the Collaborate & Innovate team in 2009, and we have been developing the solution with them since then; expect to see more features and products released using their technology over the coming months and years.
  • Thinq is LG’s brand for connected appliances using WiFi. The Collaborate & Innovate Team introduced the partner who supplied the WiFi modules during 2009. At the show, LG demonstrated some interesting usage cases for these connected devices, and it’s clear that a lot more is possible with the technology. Traditional Smart Grid appliances use Zigbee as the communication protocol; adding WiFi gives a clear benefit to consumers, being much easier to connect to existing home networks.

As a result of LG’s Collaborate & Innovate presence at the show, I met with around 10 companies who were interested in partnering with us. Perhaps next year, some of those collaborations will be on show at CES!

Written by collaborateandinnovate

January 17, 2020 at 1:12 AM

Sharing what we learned from the workshop

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The collaborate & Innovate team held its first Open Innovation workshop last week in Korea. We invited Stefan Lindegaard (15inno.com), Chulwon Lee (KnowledgeWorks CEO), and Jayoung Cha (LG Chem). I was surprised to see so many people showed up for this event and filled the conference room where it can fit 50~60 people. The morning session was consisted of presentations from the three speakers, and we held the workshop facilitated by Stefan Lindegaard.

I’d like to share some of the lessons that we learned from the workshop. And I’d like to thank Stefan Lindegaard for facilitating the workshop.

- The ultimate goal of Open Innovation is to change people’s mindset and company’s culture. You can try many different Open Innovation initiatives, but all of these efforts will eventually fail if we don’t change people’s mindset. Any newly formed organizations especially in a big corporation have to constantly show their values in the beginning. The Collaborate & Innovate initiatives have been focusing on setting and executing a process of finding and introducing innovative technologies from outside. This might help with our short-term goal, but we felt that we’ve been neglecting to change our core self, which is to change our mind-set.

- To change our culture and mind-set from “Closed-Innovation” to “Open Innovation”, we need a carefully revised plans to pull that off. We won’t be able to change our mind-set just by holding few workshops a year. Changing the culture requires a lot more resources than what we orginally expected.

Chris Ryu

Collaborate & Innovate Team

Written by collaborateandinnovate

December 10, 2020 at 2:59 AM

Welcome!

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Hi everyone!

We’re so excited to write our first blog post on this site. We launched the Collaborate & Innovate website in November 2009, and it’s been about a year. We’ve been adding new features and menus to communicate more actively with the Open Innovation community and visitors to this site. The site has been growing, and we now have more than 200 active registered users. The Collaborate & Innovate team would like to thank everyone for their support. We really hope to let our visitors to know what LG’s Collaborate & Innovate is really about through this blog.

Collaborate & Innovate is LG Electronics’ initiative for Open Innovation. The Practice of collaborating with partners and innovating together towards a common goal. It is our goal to be a partner of your choice when you have innovative technologies or solutions.

Chris Ryu

Collaborate & Innovate Team

Written by collaborateandinnovate

December 7, 2020 at 2:43 AM

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