"TechWatch balances in-house proposals and external technologies"
The best technology watch programs deliver a centralized catalogue of internally, or externally, sourced technologies and process proposals.
The Tech Watch Module puts everything in one place for your R&D scouts and industrial process teams to source and screen technologies, processes, and track the evolution of those leads as they mature into proposals.
The module combines collaboration and screening tools, together with rich context information.
This includes the following features:
Context Information
Enrich technologies with context information such as industrial process needs, scientific documents, business insights, etc. to outline the value of technologies 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.
Screening, Scoring and Triage
Vote and comment on technologies, get your experts to score technologies and processes under review based on pre-defined criteria, automatic grouping of ideas into clusters to identify key drivers.
Process Management
Stage gate your evaluation process, configure workflow, tasks, and input forms to represent your organization’s technology evaluation processes. Manage your tasks, receive notifications. Progress external technologies requiring contracting, into Inova Software’s Due Diligence Module where they will be progressed to deals by your transactions teams.
Personalization
Configurable Home Page, look & feel and page content personalization.
Reports and Dashboards
Get all the dashboards required to monitor your technology watch program. Reports can be of different kinds and be generated in different formats.
Contact Management
Link externally sourced technologies and processes to contacts and get a complete 360° view of your current and past relationships.
Content Library
All required documents right at your fingertips. The document manager features document versioning, check-in check-out and access control at document level.
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 technology watch programs by adding new roles, or by applying existing roles to a new idea management process.
A large vaccines organization felt competitive pressure and launched a process to find and evaluate new technologies to improve product development and industrial operations
Solution:In order to develop in-house or license-in external technologies, the organization created a technology watch program open to the entire R&D and manufacturing departments to collaboratively identify, mature, and select the best technologies available. The program is built around Inova’s Tech Watch Module.
Outcome:Twice as many technologies screened per year while maintaining the same core team; No more duplicates or costly oversights; A central catalogue of available technologies to facilitate portfolio management; Technologies are enriched with context information provided by knowledge brokers, therefore improving decision-making; Accelerate screening and improve decision-making through better collaboration between industrial operations and R&D.
TECHWATCH
Technology watch is a process conducted by organizations to facilitate innovation and develop the potential to successful innovative business actions. Technology watch is a collaborative voluntary process in which an organization works the information collected in an active manner. The treatment, analysis and validation of the information allow better decision-making about development projects, investments and strategy designs.
