"Coordinate all your innovation teams in their quest for hidden gems”.
While the first stage of an innovation program is a rich pipeline of ideas that matter, the second stage is about smart screening to mature those best ideas, or idea clusters into fundable product development proposals, in other words concept proposals.
The Innovation Management Module joins those two stages into one module to let you collect and validate ideas, enrich and mature the best ideas or groups of ideas into smartly screened proposals and ultimately, help you make the critical Go/No Go to development decisions.
The module combines social collaboration, workflow & process management, rich context information, and the Enrichment Technology to support your innovation teams’ collective quest for the “hidden gems”.
This includes the following features:
Context Information
Enrich ideas with context information such as your organization’s needs and strategy, scientific documents, business insights, etc. to outline the value of ideas when evaluated against different criteria. Enrichment Technology to provide automatic tagging and suggest correlated items and uncover areas of interest, trends, as well as hidden patterns.
Social Networking
- Share ideas, documents, and links.
- Comment and rebound on the ideas that inspire you the most.
- Automatic suggesting of like-minded users and field experts to create communities and project teams.
- Bridge the gaps between R&D and other departments closely involved in innovation management.
Reports and Dashboards
Get all the dashboards required to monitor your innovation management program. Reports can be of different kinds and be generated in different formats.
Process Management
Configure workflows, tasks, and input forms to represent your organization’s idea management processes. Link ideas, get notified on the progress of your ideas, manage your tasks, and merge ideas. If applicable, embed mandatory validations and tasks to guarantee that only fully documented ideas move to the next stage.
Screening, Scoring and Triage
Vote on ideas, weight-score ideas based on pre-defined criteria, organize expert reviews, merge ideas into concepts, automatic grouping of ideas into clusters to identify key drivers.
Personalization
- Configurable Home Page, look & feel and page content personalization.
- Roles and User Rights Management
- Create different user “roles” with different levels of access and authority to reflect the way your organization really works. Expand your innovation programs by adding new roles, or by applying existing roles to a new idea management process.
A leading consumer good company with over 3,000 R&D employees felt their idea management program provided them with a lot of ideas and an overwhelming amount of data points, but failed to help them pick the winning projects. As a result, they looked for ways to significantly improve their projects-to-products success conversion ratio.
Solution:Using Inova’s Innovation Management Module the company implemented an effective enrichment and screening process. The enrichment technology helps the idea managers to identify the most relevant experts for specific problems and those can be directly involved to evaluate the concept. Moreover, the gap between R&D and Marketing is bridged by letting market facing teams enter insights that are crossed against the various ideas to enrich its context. The technology suggests relevant context and as a result increases the quality of the collaboratively matured concepts. Go / No Go decisions are made faster and are based on better information
Outcome:All the company’s brands have been able to reduce the idea management cycle time to 3 months. Moreover the company has now a central web based repository to manage and monitor the catalogue of “ready to use concepts”, avoiding costly oversights and licensing of technologies already available.
FRONT END OF INNOVATION
Front-end innovation activities usually include
- (a) opportunity identification,
- (b) idea generation,
- (c) idea selection - given the opportunity,
- (d) concept and technology development.
These activities yield vital information to make the crucial Go/No-Go to Development decision. Concepts can be proposals for either breakthrough or incremental innovations. The best innovation programs have mastered the process of finding the "hidden gems" in their catalogue of concepts and polishing them into diamonds thanks to a flawless execution of the development of the product.
