Innovation Management

December 29, 2017
Although the enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. What is innovation management […]
December 29, 2017
Companies amass specialized knowledge with time and can address significant challenges by themselves within clearly defined contexts. Innovation, on the other hand, is a challenge because companies are unaware where these pockets of knowledge exist. Managers do not know, what skill-sets they might have within their reach, how to evaluate solutions, how to integrate these […]
December 29, 2017
Innovation has become democratic—it is no longer confined to R&D labs of large organizations or government institutions. Each industry is witnessing the entry of novel innovation players. For instance, NASA does not monopolize space anymore—we have SpaceX, Virgin Galactic, Bigelow Aerospace, and Blue Origin. Nascent technology such as artificial intelligence has already found a place […]
December 28, 2017
In the late 1990s and early 2000s, just when everyone thought that Apple’s growth had reached a saturation point, the company made a game-changing move. In 2001, Apple introduced an array of products and services beyond hardware and software. The company’s new offerings, such as the iPod, the iPhone, and the iTunes skyrocketed Apple’s growth […]
December 28, 2017
In today’s competitive landscape, it’s important that your products stay ahead of the status quo so you can set apart your company’s offering from the competition. With that in mind, it becomes important for companies to efficiently invest their resources toward coming up with new ideas and developing innovative products. In the process of developing […]
December 28, 2017
In today’s technological landscape, new ideas can be more than worth their weight in gold. We don’t need to look further than ubiquitous products that are an integral part of our lives today; they got their start as a novel projects at companies - Netflix’s decision to branch out into online streaming instead of DVD rentals, […]
December 27, 2017
What is augmented reality and virtual reality? Augmented reality (AR) and virtual reality (VR) are computer technologies that have been gaining prominence over the last few years with breakthrough developments in engineering. AR technology takes real-world environments and ‘augments’ them with digital content that is superimposed over the user’s point of view. On the other […]
December 27, 2017
Open innovation (61%), Design thinking (59%), and Co-creating value with customers, partners, and suppliers (55%) are the top three innovation methodologies adopted by organizations surveyed in PwC’s 2017 Innovation Benchmark. Source: Harvard Business Review Companies today are moving beyond traditional R&D activities to reach a wider ecosystem for insights, ideas, technology, and talent. Eddie Copeland, […]
December 27, 2017
There’s a common belief in every industry that innovation is limited to the realm of research and development or technological advances. Companies often go to any lengths to develop their R&D department to foster innovation to stay successful in their industry. However, what drives the prized attribute of innovation in almost every company is not […]
December 26, 2017
To invent, you need a good imagination and a pile of junk.                                                                       –Thomas A. Edison Does your ideation session with […]