Features of Innovations Management
If they want to remain on top of the competition, they should work to keep their inventive edge. Directly soliciting suggestions from staff members, suppliers, and customers is one of the finest methods to enhance a service, a product, or even a company’s general effectiveness. These groups, particularly the workforce, are familiar with the daily commotion and may provide fresh approaches to pressing issues or fresh concepts to advance the business. Excellent ideas are often not expressed or implemented.
If you want to make sure that these ideas are properly filed, monitored, and assessed, innovation management software is essential. From there, they may serve as the starting point for fresh ideas and solutions that are taken all the way through the project’s conception, execution, and conclusion. Idea management software helps you to digitally manage your company’s innovation strategy and processes by allowing you to gather, develop, prioritise, and put new ideas into practice.
There are a few essential capabilities you should look out for if you’re thinking about investing in innovation management software. Find out how to use the following 6 characteristics of an innovation management software platform to turn good ideas into real outcomes.
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Self-Driving Innovation
Idea management tools can be configured to your workflow and according to your needs. Thanks to AI technology and powerful context-based search, AI-driven idea management tools auto-discover information from all public and private data sources you have access to and easily automate routine tasks. Not only will this save you a lot of time, but will help you focus your limited tie on your innovation strategy and idea development instead of manually searching for, mining and identifying relevant or potentially actionable information.
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Crowdsourcing
A collaborative idea management platform that supports a range of different innovation activities is another important feature of innovation management software. Crowdsourcing allows you to easily tap into the wisdom and expertise of your employees, customers, partners and your community to collect and develop creative ideas and find new solutions by planning and running various types of innovation activities.
Your software should let you plan and run any number of different innovation activities such as jam sessions, challenges, innovation days, shark tanks, and internal idea competitions. This will empower your team members and foster an innovation culture within your company, continuously driving it forward.
If you want to work efficiently, any software you consider should have a user-friendly, intuitive, and adaptive interface that lets you design idea submission and evaluation forms and work processes. You should be able to search for and look at ideas in different ways such as list, tile and tree views, and drive actions based on your requirements and business rules with zero customization.
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Gamified Collaboration
One of the best ways to improve a service, a process or a product is to source ideas directly from your employees, customers and business partners. If you want to ensure they are committed to innovation, you must create a sense of engagement. This is why innovation management software offer a gamified collaboration as an essential feature. Gamified collaboration means engaged and happy participants who are excited to get involved in and contribute to innovation. For example, Plan box offers such a platform where participants earn points and badges for every action, they take so you can measure, recognize and reward their contributions.
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Agile Concept Development and Experiments
Agile concept development is another important feature of innovation management software. This feature will allow you to use a quick evaluation approach as a first pass filtering method where many ideas can be screened and evaluated quickly by designated reviewers and subject matter experts. In addition, Agile experimentation features will allow you to experiment on and develop the best ideas into actionable solutions.
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Actionable Analytics
If you want to get the most out of the money you spend on ideation software, make sure you use actionable analytics to help you make smart decisions. Choose software with customizable dashboards, flexible role-based ad-hoc reporting, and technology that lets you find the best ideas and act on them. So, you’ll be able to keep track of and report on all the important metrics and trends quickly.
In conclusion, there are a few important things to look for in the right software to help you implement innovation in your company. Make sure your software for managing innovation uses AI that has been proven to automate routine tasks and save you time. Your platform must also have a way for people to work together to design and carry out innovation activities. It’s been shown that running a variety of crowdsourced innovation activities is one of the best ways to get a good return on innovation investments.
A must-have is also an adaptable interface that makes it easy to plan processes and find the best ideas so you can pursue them. A gamification option will also get everyone involved and start a culture of innovation in the company and among its partners, customers, and other stakeholders. Agile concept development and experimentation features are also very helpful because they let you run agile proof of concept experiments quickly. You can also use actionable analytics to track and report on the most important metrics.