Winner of the Director-General Award for Overall Excellence for 2018, category for emerging enterprises
Get that idea off the drawing board and into action
Some people have brilliant ideas that sadly never come to anything. Others manage to get their ideas off the drawing board but take so long or spend so much to implement them that the market moves on in the meantime. A relatively rare few can translate a great idea into commercially viable reality, and to do so swiftly and inexpensively too.
It’s clear to which category SVA Innovate belongs. Having been instrumental in incubating various patented – and profitable – risk management and asset protection solutions for parent company SVA Holdings, moving ideas off the drawing board and into clients’ businesses is where it excels.
“Our job is to take the ideas and make them happen,” says Lee McFadyen, Group Technology Executive at SVA Innovate, adding that this isn’t quite as simple as it sounds.
“It’s not always easy to interpret the business requirements and come up with a spec. You’ve got to have a very good understanding of the client’s business and technology, and then convert the spec into the kind of technology jargon that young people (the developers) can understand.”
Moving from idea to spec to solution involves much brainstorming and consultation, using a whiteboard approach that explores the problem and its proposed solution from all conceivable angles, from finance to design and testing.
Once a workable specification has emerged, it has handed over to the “whizz kids” whom SVA Innovate handpicked for their technical ingenuity and “out-of-the-box” thinking.
This is how the company has managed to come up with market-disrupting risk management and governance solutions like a retail stocktaking solution that is 99% accurate in predicting stores’ stock levels 24 months in advance.
What’s more, the idea-spec-solution process is constantly in progress, with a steady stream of innovation projects at different stages of incubation and realisation at any given time.
“You won’t find us sitting on our laurels and expecting what we did yesterday to be good enough for today,” says Lee. “We always have at least five products in the pipeline, all with the same ambition: How can we disrupt the market?”
It’s a hard act to follow – just ask the competition