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How the CEOs of Ohai.ai and FinMkt Make Innovation Work for Them
In the fast-paced world of technology, innovation is not just a buzzword—it’s a survival skill. For Sheila Lirio Marcelo, founder and CEO of Ohai.ai, and Luan Cox, president and CEO of FinMkt, innovation is woven into the fabric of their leadership. Both Marcelo and Cox have built their careers on navigating the complexities of tech-driven industries, and they’ve learned that staying ahead requires more than just creativity—it demands a strategic mindset.
Marcelo, a veteran entrepreneur with over 20 years of experience in internet consumer marketplace businesses, knows firsthand the importance of adaptability. At Ohai.ai, an AI-powered home and household management platform, Marcelo has instilled a culture of continuous learning. “Innovation isn’t about having all the answers,” she says. “It’s about being open to new ideas and confident enough to take calculated risks.”
Cox, who leads FinMkt, a point-of-sale fintech company, echoes this sentiment. “Our team often ventures into uncharted territory,” she explains. “The key is to stay curious and be willing to challenge the status quo.” For Cox, innovation is not just about creating new products but also about reimagining how businesses operate in a rapidly changing world.
Both leaders agree that fostering innovation requires a clear strategy. At the heart of their approach are five key principles:
- Embrace continuous learning: Stay open to new ideas and be willing to adapt quickly.
- Develop minimum viable products: Test ideas without full commitment, allowing for rapid iteration based on feedback.
- Focus on customization and modularity: This approach allows for flexibility in product offerings and helps keep pace with rapidly changing technologies.
- Gather and utilize data efficiently: Build systems that provide quick access to data, enabling fast innovation and team training.
- Be willing to disrupt your own business: Cox mentions that FinMkt is working on a product that may make their current offerings obsolete, demonstrating a commitment to staying ahead of the curve.
For Marcelo and Cox, innovation is a continuous cycle of testing, learning, and evolving. They emphasize the importance of gathering data and feedback to refine ideas and stay ahead of market demands. “Innovation is not a one-time event,” Marcelo says. “It’s a mindset—a way of approaching every challenge with curiosity and determination.”
As they look to the future, both CEOs are preparing for exciting developments. Marcelo revealed that Ohai.ai is set to launch customizable avatars, while Cox hinted at a groundbreaking FinMkt product that could disrupt their current offerings. These moves underscore their commitment to perpetual innovation and their belief that staying agile is the key to long-term success.
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Marcelo and Cox Dive Deeper into Innovation Strategies
Sheila Lirio Marcelo further elaborated on the importance of confidence in the innovation process. “Confidence doesn’t mean you have all the answers,” she remarked. “It means you trust your ability to learn and adapt, even when the path ahead is uncertain.” This mindset, Marcelo believes, is crucial for entrepreneurs navigating the complexities of today’s tech landscape.
Luan Cox expanded on her team’s approach to innovation at FinMkt. “We’re constantly venturing into areas where there’s no playbook,” she said. “This forces us to think creatively and develop solutions that haven’t been seen before.” Cox emphasized that this willingness to explore uncharted territory is a cornerstone of FinMkt’s strategy.
Both leaders underscored the iterative nature of innovation. “Testing theories and evolving based on results is not just a strategy—it’s a necessity,” Marcelo explained. Cox added, “Every product we launch is a hypothesis. We test it, gather feedback, and refine it relentlessly.” This iterative process, they argue, is essential for staying ahead in a rapidly changing market.
Marcelo also highlighted the role of customization and modularity in Ohai.ai’s approach. “By designing our platform with flexibility in mind, we can adapt quickly to new technologies and user needs,” she said. This approach allows Ohai.ai to offer tailored solutions without overhauling entire systems, ensuring efficiency and agility.
Cox shared specific insights into how FinMkt leverages data. “We’ve built systems that provide our team with real-time access to critical information,” she explained. “This enables us to innovate faster and train our teams more effectively.” Cox believes that efficient data utilization is a key driver of innovation in the fintech space.
Looking ahead, Marcelo and Cox both expressed excitement about their companies’ upcoming initiatives. Marcelo highlighted Ohai.ai’s plans to introduce customizable avatars, which will allow users to personalize their experience on the platform. “These avatars will not only enhance user engagement but also provide a more tailored approach to home and household management,” she said.
Cox, meanwhile, hinted at a groundbreaking product in the works at FinMkt. “We’re developing something that could potentially disrupt our current offerings,” she revealed. “It’s a bold move, but it’s necessary to stay ahead of the curve.” Cox’s willingness to disrupt FinMkt’s own business model underscores her commitment to innovation and long-term success.
In summary, Marcelo and Cox’s strategies for innovation—continuous learning, rapid iteration, customization, efficient data use, and a willingness to disrupt—offer a roadmap for entrepreneurs seeking to thrive in today’s fast-paced tech landscape. Their focus on adaptability, creativity, and perpetual improvement serves as a testament to the power of innovation in driving business success.
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Conclusion
Innovation is the lifeblood of any successful technology-driven business, and CEOs Sheila Lirio Marcelo of Ohai.ai and Luan Cox of FinMkt exemplify this truth. By embracing continuous learning, rapid iteration, customization, efficient data utilization, and a willingness to disrupt their own businesses, they have established a roadmap for sustained success in a rapidly evolving tech landscape. Their stories underscore the importance of adaptability, creativity, and a relentless commitment to improvement. As they continue to push boundaries with groundbreaking products like Ohai.ai’s customizable avatars and FinMkt’s potential business-disrupting solutions, one thing is clear: innovation is not just a strategy—it’s a mindset essential for thriving in the modern business world.
Frequently Asked Questions
What does innovation mean to Sheila Lirio Marcelo and Luan Cox?
Innovation is a mindset for both Marcelo and Cox. It involves being open to new ideas, taking calculated risks, and continuously learning and adapting in a rapidly changing world.
What are the five key principles of innovation according to Marcelo and Cox?
The five key principles are: embracing continuous learning, developing minimum viable products, focusing on customization and modularity, gathering and utilizing data efficiently, and being willing to disrupt one’s own business.
How do Marcelo and Cox handle uncertainty in innovation?
Both leaders emphasize confidence in their ability to learn and adapt. They test hypotheses, gather feedback, and refine their ideas relentlessly, even when venturing into uncharted territory.
What role does data play in innovation at Ohai.ai and FinMkt?
Data is critical for both companies. Marcelo and Cox use efficient data systems to enable fast innovation, team training, and quick access to critical information for decision-making.
How can entrepreneurs apply these innovation strategies to their businesses?
Entrepreneurs can adopt a mindset of continuous learning, test ideas with minimum viable products, focus on customization, leverage data efficiently, and be willing to disrupt their own businesses to stay ahead of the curve.
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