Innovation teeters on the precipice of convention, where the ordinary meets the extraordinary
Historically, multibillion-dollar industries have emerged from niche beginnings, with enthusiastic pioneers addressing problems the wider world had yet to encounter. The $16B doula industry, for instance, emerged from women seeking alternatives to traditional hospital births. Similarly, plant-based milk, now a projected $22B industry for 2025, grew from a niche need to address milk allergies. These journeys from the fringe to the mainstream show how outlier ideas can become major trends.
However, identifying which budding ideas will succeed is difficult. Some fizzle out, while others take off too late, missing the early leadership advantage. Marketers yearn to unearth these golden opportunities at the perfect time, but the fear of failure often shackles innovation. This fear is warranted, as most innovations fail to change consumer behaviour.
Three challenges persist:
identifying viable opportunities,
mitigating risks, and
expediting timing.
Left unaddressed, these challenges become strategic chasms. We believe the secret to successful innovation is finding and understanding the people and behaviours at the fringes. The fringes offer the fresh thinking required to create high-potential opportunities, innovative products, and creative communication strategies.
Today’s unprecedented opportunity from the combination of agentic AI and genuine human understanding paves novel paths to unique opportunities. By investigating what we call the EDGE - Extreme behaviours, Divergences from norms, Gaps and workarounds, and Eccentric quirks - we can wager on where to focus and how to allocate resources with increased confidence.
Collaborating with the MIT Innovation Lab, we employed creative prompting, empathetic experiences, insightful trend analysis, and science-based analytic frameworks to tackle the challenges of discovery, risk, and time.