{"id":1516,"date":"2019-08-08T05:00:28","date_gmt":"2019-08-08T05:00:28","guid":{"rendered":"https:\/\/www.tt100.co.za\/?p=1516"},"modified":"2019-08-08T05:00:28","modified_gmt":"2019-08-08T05:00:28","slug":"sva-innovate","status":"publish","type":"post","link":"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/","title":{"rendered":"SVA Innovate"},"content":{"rendered":"\n<ul class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><li class=\"blocks-gallery-item\"><figure><img decoding=\"async\" src=\"https:\/\/www.tt100.co.za\/wp-content\/uploads\/2019\/08\/DSG06457-049-1024x683.jpg\" alt=\"\" data-id=\"1539\" data-link=\"https:\/\/www.tt100.co.za\/?attachment_id=1539\" class=\"wp-image-1539\"\/><\/figure><\/li><\/ul>\n\n\n<p>Winner of the Sustainability award for 2018, category for\nemerging enterprises <\/p>\n\n\n<h2 class=\"wp-block-heading\"><strong>Lessons in\nsustainability from yesterday, today and tomorrow<\/strong><\/h2>\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><a href=\"https:\/\/sva-holdings.co.za\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tt100.co.za\/wp-content\/uploads\/2019\/08\/TT100-logo-_-2012-Phindulo-Litshani.jpg\" alt=\"\" class=\"wp-image-1537\" width=\"209\" height=\"135\"\/><\/a><\/figure><\/div>\n\n\n<p>Learn from what happened yesterday but don\u2019t use your\nrear-view mirror as the driving force. <\/p>\n\n\n<p>Constantly check where you are on the S-Curve pattern of\ninnovation and if your products are mostly approaching the top, make sure you\nare already starting again at the bottom with new ones. <\/p>\n\n\n<p>Hire young, extremely talented, out-of-the box thinkers to\nturn your specifications into real, sellable products, and manage these young\npeople extremely well.<\/p>\n\n\n<p>These are some of the learnings that SVA Innovate has\nembedded in its business, enabling it to feed a steady stream of fresh, innovative\nand affordable new products and services to its parent company, SVA Holdings.\nArmed with these, SVA Holdings (itself a tt100 winner for Sustainability in\n2018) can maintain the competitive edge it has in the governance and risk\nmanagement market.<\/p>\n\n\n<p>\u201cBusiness sustainability means not sitting on our laurels\nand expecting what we did yesterday to be good enough for today,\u201d says Lee\nMcFadyen, group technology executive at SVA Innovate. \u201cAt any given time, we\nhave at least five new products in development.\u201d<\/p>\n\n\n<p>This is not simply a case of churning out new products but\nabout delivering products that disrupt the market, Lee says. <\/p>\n\n\n<p>An example is SVA Innovate\u2019s stocktaking solution, which can\npredict stock take results two years ahead, with 99% accuracy. \u201cWalmart came\nback to us and said we were spot on,\u201d says Lee.<\/p>\n\n\n<p>One of the five or so new products that the company is currently\nworking on is a new technology solution for retail stores battling to deal with\nin-store crime. The physical presence of security guards is no longer enough of\na deterrent and smart technology is increasingly filling the gap. <\/p>\n\n\n<p>\u201cAll businesses say they want to use technology but having a\ncomputer is one thing; employing technology is another,\u201d says Lee, adding that\nmany companies see technology as a \u201cforced purchase\u201d instead of a tool that can\nsignificantly improve their risk and governance processes \u2013 affordably.<\/p>\n\n\n<p>\u201cWe don\u2019t spend a lot on developing our solutions; actually, we operate on a limited budget and deliver products at very reasonable prices, having developed a stable framework over the past 4 years helps us in achieving this,\u201d he says. To a large extent, this is possible because the company makes a point of hiring people with a can-do attitude who don\u2019t demand expensive equipment to deliver. \u201cThey don\u2019t have an 8-to-5 mindset and lack of technology is not an obstacle to them; they think differently and find a way to make it happen.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Winner of the Sustainability award for 2018, category for emerging enterprises Lessons in sustainability from yesterday, today and tomorrow Learn from what happened yesterday but don\u2019t use your rear-view mirror as the driving force. Constantly check where you are on the S-Curve pattern of innovation and if your products are mostly approaching the top, make &hellip; <a href=\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SVA Innovate&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1516","post","type-post","status-publish","format-standard","hentry","category-2018-excellence-awards-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SVA Innovate - tt100<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SVA Innovate - tt100\" \/>\n<meta property=\"og:description\" content=\"Winner of the Sustainability award for 2018, category for emerging enterprises Lessons in sustainability from yesterday, today and tomorrow Learn from what happened yesterday but don\u2019t use your rear-view mirror as the driving force. Constantly check where you are on the S-Curve pattern of innovation and if your products are mostly approaching the top, make &hellip; Continue reading &quot;SVA Innovate&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/\" \/>\n<meta property=\"og:site_name\" content=\"tt100\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-08T05:00:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tt100.co.za\/wp-content\/uploads\/2019\/08\/DSG06457-049-1024x683.jpg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/tt100.org\/#\/schema\/person\/515de6b13b8acffc6900fc841674dd53\"},\"headline\":\"SVA Innovate\",\"datePublished\":\"2019-08-08T05:00:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/\"},\"wordCount\":439,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/tt100.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tt100.co.za\/wp-content\/uploads\/2019\/08\/DSG06457-049-1024x683.jpg\",\"articleSection\":[\"2018 Excellence Awards Article\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/\",\"url\":\"https:\/\/tt100.org\/index.php\/2019\/08\/08\/sva-innovate\/\",\"name\":\"SVA Innovate - 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