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BMO’s 30-hour innovation sprint, Destination Digital, returns 

May 28, 2024 | Growth, Strategy

It’s time again for Destination Digital, BMO’s internal innovation sprint to develop solutions to real-world business problems!

The first Destination Digital took place in August 2022, with more than 300 disruptors, visionaries and innovative thinkers. Over the course of 30 hours, cross functional teams from across North America came together to innovate and develop solutions. 

What is an innovation sprint? 

Innovation sprints bring together interdisciplinary teams from different parts of an organization to craft creative solutions to business challenges. They encourage teams to focus on fast iteration and testing of ideas within a set timeline. Participants brainstorm, experiment with new and existing tools, hold collaborative discussions, and use prototyping exercises to come up with breakthrough ideas. Throughout the process, mentors and tech partners support ideation and guide tool exploration.  

By focusing on rapid ideation and development over a short period of time, an innovation sprint provides the opportunity for teams to explore uncharted territory, think outside of the box and develop creative solutions that may not have been possible in their day-to-day roles. 

What solutions came out of Destination Digital 2022? 

BMO colleagues across North America formed cross-functional teams and selected a real business challenge aligned to three challenge streams: employee, customer and sustainability. The top four winning solutions included initiatives to:  

  • Connect local BMO businesses with BMO clients to support local shopping. 
  • Create banking experiences for younger generations under their parent’s supervision. 
  • Support home utility usage for customers. 
  • Develop a cross-platform internal data search engine. 

While there are grand prize winners, Destination Digital isn’t just about winning. A number of solutions developed at Destination Digital 2022 have evolved into experimental solutions. For example, the CRE Occupancy model. BMO’s Corporate Real Estate (CRE) team developed a proof of concept (PoC) in partnership with DnA to analyze office space usage and predict future usage. Other projects are in the works, including an internal knowledge tool that will connect knowledge seekers with internal subject matter experts and an AI-trained translation tool.   

With 300+ participants, a 60 per cent increase from 2022, Destination Digital 2024 is on track to yield even more exciting solutions, inspirational learnings and lifelong memories for participants. BMO customers can expect to see an even greater impact as imaginative solutions shape the future of banking and their communities.

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