- pete@data-sandwich.com
- 07473 873295
Love people, respect tech. We say this because you can have all of the tech in the world but without a good idea its worth nothing. We are passionate about solving one problem, innovating new insurance products that customers both need and want.
Smart companies with very bright people consistently experience only a 1 in 5 success rate with their innovation projects. That means 800k out of every 1m project spend is written off. This is frustrating and avoidable. Data-Sandwich's patent applied for methodology makes your projects bullet-proof.
But it's not just about keeping projects safe. Once your projects are 'safe' is when the fun can really start because you can overclock your existing creative process for truly amazing results.
There’s little more satisfying than being so far over the edge you see things nobody else has seen before. This is what true innovation is about. No denying its hard. It’s that sense of having got everything right, aka Flow-State . This is what we aim for with your team. We want to ruffle your feathers in a good way. Our projects are not dress rehearsals.
We also know innovation for innovation sake is no reward. The ‘trick’ is to find a product that consumers need. Never forget you really are society’s safety net when things go wrong. Having the ability to see when trends and events make holes in that net is your opportunity for real innovation.
Our goal is to take you to that place where you can see what this means for yourself. See you on the edge!
Now, you can do it differently. Download the app, do a challenge, reap the rewards . . . Insurance innovation is not the problem, its the process. For 20+ years we’ve used the same one – ideate, prototype, goto market. There are 3 problems with it.
When things go wrong its natural to try and distance ourselves from the situation. Blaming lack of IT resource is a common one. We have to overide our survival mode to see the real issues. But that is difficult so, we tend to rinse and repeat.
Traditional projects have dependencies and resources. The same is true for innovation projects. Therefore, the logic is innovation projects can be managed in the same way. They can't, its bad logic.
We analysed the differences between traditional projects vs innovation projects using data from from 138 insurers. Yes, they are 99% similar but there is a 1% difference within which we identified 24 risk factors unique to Innovation projects. These 'Unknown, unknowns' explain a lot
missions
innovation
There’s little more satisfying than being so far over the edge you see things nobody else has seen before. This is what true innovation is about. No denying its hard.
It’s that sense of having got everything right, aka Flow-State . This is what we aim for with your team. We want to ruffle your feathers in a good way. Our projects are not dress rehearsals.
We also know innovation for innovation sake is no reward. The ‘trick’ is to find a product that consumers need.
Never forget you really are society’s safety net when things go wrong. Having the ability to see when trends and events make holes in that net is your opportunity for real innovation.
Our goal is to take you to that place where you can see what this means for yourself. See you on the edge!
Keep it simple. Download the App from Google Play or Apple App Store, do a challenge, start doing things differently.
With the Data-Sandwich Innovation platform you can understand the 24 risk factors – the Unknown unknowns – and do two things.
As far as we know there isn't anything really out there that approaches risk management and creativity as a single combined activity let alone include the the layers of sophistication guiding the processes.
We know its an unusal proposition and it was was made possible because of the teams equally unsual mix of experience. This is a combination of international experience in selling large insurance systems, actually working in insurance, creative experience. an passion for IT and last but not least - an understanding of extreme sports.
The latter is more relevant than it first appears 😁.
The platform does 2 things very well. Its the synergy between the two that make it work. Getting one half of the equation right will not get you the results you seek.
1) We keep your project safe. We have identified 24 risk factors unique to innovation projects vs traditional projects. You can still use your project management software but we will track these other unseen factors (unknown unknowns) which can silently disrupt your project.
2) We create close to perfect conditions for authentic creativity to happen. One of the biggest problems with innovation projects is people do not understand what 'thinking outside of the box' or 'blue sky thinking' really means. In short, they need guidance and some practical help. We achieve this through a combination of light social engineering, some AI and a lot of creative thinking techniques.
Its for anyone involved or, who should be involved, in the innovation process.
Here are some examples -
Product/Service Input
Product Managers, Claims managers, Underwriters, Actuaries, Pricing, Clause Writers, Marketing, Channel Managers, Affinity/Embedded Managers, Direct Managers
Digital Enablement Input
IT Infrastructure Managers, IT Application Managers, Data-Scientists, Data Managers
Project Management and Governance Input
PM's
CxO, Compliance, IT
Special Input
Consultancies
Disatisfied & Happy Customers
Customer facing relationship managers including CSR's
Innovation Hubs
Industry Analysts & Thought Leaders
Insurtechs and niche tech providers
HR
Digital platforms and innovation hubs will connect people but you also want them to connect the right people, in the right way at the right time.
HR are ideally placed to set this up. Connecting people digitally is relatively easy but making sure you have the right people on the teams is not. HR have helicopter view of Human Resources and an understanding of 'soft factors' like motivation, autonomy, fatigue and so on.
We live in an age where 'digital' is seen as the silver bullet for everything - until its not. There are real benefits to nurturing the people side of the equation and HR are ideally situated to do this and if it gives your innovation projects an edge - why not?
The short video below explains one of the reasons why it makes sesne to involve HR.
We are a small well funded start up. Incorporated in the UK and with Implementation partners around the world, the lead partner being Bytesforce in Singapore.
You have access to all of your data and digital assets are downloadable so, if Data-Sandwich ceased to exist your innovation is safe.
Its important to keep the AI part in perspective. It very easy to end up focussing on this component because its topical and new. It is not a silver bullet and is only as good as the instructions it is given to follow. At the same time it is incredibly useful for automating thought processes that humans find tedious - what we repeatedly refer to as the 'heavy lifting'.
The AI is a part of the platform but its not the most important part. It's there to do a number of tasks and is constantly evolving. An example being it will assist with the intelligent generation of new ideas by iterating through possibilities of merging 2 concepts to create a 3rd new one (an innovation).
in other words, we use AI as a black box power-tool to de-risk innovation projects and to do the heavy lifting - the iterative part - of creative reasoning. Its not a 'set it and forget it' substitute for human intelligence.
We often get asked what is our AI algorithm because there is some understandable skepticism about 'black-box' technology. However, we don't share our algorithm because its our IP. Its the same reason software application companies don't share their source code.
As we said, AI is important. But actually the most important part of the Data-Sandwich offering is in the process we have created for meaningful collaboration that is both authentically creative and appropriately de-risked for insurance purposes. Using Reductio ad absurdumyou could say its just a business process but that's like saying Coca-Cola is just another fizzy drink.
Our pricing model is described here
It works on the basis that without our platform its commonly accepted 4 out of every 5 innovation projects fail. We provide the means to turn that number around which means a conservatively estimated cost saving in the range of £400k to £2.5m.
In addition to that you increase your chances that the successful projects will generate increased revenue.
Our subscription for up 100 users is £6000pm representing an annual expenditure of £72k.
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