Innovation Software Landscape

(1)

Transform to the power of digital

Innovation Software Landscape

Analysis of available innovation management tool

(2)

Managing innovation in a more structured way is gaining ground; key focus is around

balancing ideas, portfolio and execution

Adoption of Innovation Management Solutions

Source: Hype Cycle for Emerging Technologies, Gartner Research, 2011 What are your major innovation management challenges?, Product Quadrant, 2010

Ideation 53.0% Product portfolio management 69.0% 31.0% Resource planning 31.0% Agile Execution 53.0% Visibility & Analytics 18.0% Next gen. requirement management 27.0% Talent management

What are the key innovation management solution

initiatives to be taken up in the coming years?

Sample - Top executives of the product companies

PR

IO

R

IT

IE

S

Source: Gartner, secondary data sources, Capgemini Consulting

Idea management is expected to be adopted more profoundly

by product development companies

Focus is also around Portfolio Management

and Agile Execution

(3)

While it is still expected to be in nascent state, organisations have tested various

innovation tools to realise business benefits

Importance an Effectiveness

What tools do you use to validate new product ideas?

Sample base: 212 product strategy professionals

online survey 36.0% Customer feedback 44.0% Competitive assessments 45.0% Internal suggestions 55.0% Brainstorming 55.0% Focus groups 61.0%

Private online communities 11.0% Feedback - online community site 12.0%

Twitter feedback 14.0%

Feedback - corp blog 14.0%

Online ratings 18.0%

Open innovation sessions 30.0%

Dedicated

ideation websites 3.0%

Facebook feedbacks 10.0%

Mail surveys 11.0%

Processes that would have the greatest impact on improving

innovation performance

43% 35% 33% 26% 19% 22% 35% 47% 24% 33% 38% 41% 52% 58% Modeling behavior that

encourages innovation, such as taking risks

Making innovation a core part of the leadership agenda

Clarifying accountability for innovation

Creating and communicating compelling story and sense of urgency about innovation Gaining alignment among senior leadership team Improving and implementing tools and processes for managing innovations

Creating dedicated team outside core business to carry

out innovation initiatives

Other executives Top managers

N -722 N -736

Though not preferred as the choice of companies, the innovation management tools have certainly made a start along

with the other traditional techniques

!

(4)

Evolutions in the innovation tools market, three specific categories of vendors have been

active and providing tools to organizations

Origin of Innovation Tools

Collaborative tool based vendors:

Social software vendors with innovation modules that allow community members to engage in the ideation process

Innovation/ideation point solution and

suite vendors:

Innovation/ ideation management vendors with products designed to support idea generation, evaluation, and selection processes and some aspects of innovation portfolio management

PLM and PPM based vendors:

Product life cycle management vendors with functionality to enable the early stages of new product development such as ideation

PPM vendors with the ability to manage innovation projects

Innovation lifecycle management tools



Vendor from the three areas are

stacking up their functional portfolio

to offer support in end to end

innovation life cycle



Though PLM , PPM, point solution

and Collaboration tool based

vendors have ideation modules, they

still lack the functionalities to

address the entire innovation

lifecycle



New vendors emerge offering

software tools supporting innovation

management process

Innovation management tools are still evolving; in the future vendors out of the big ERP arena

might also enter this nascent market.

(5)

From 126 potential Innovation software solutions, Capgemini Consulting selected Inpaqt

among the best for functional and technological capability fit

1. Mapped a long list of vendors to the

standard features

2. Functional capability

3. Technical capability

4. Product and vendor strategy

Solution strengths

Criteria for analysis

Functional capability details

• Full Innovation process cycle support

_{• Business model generation and completion}

support

• Business / Marketing innovation support

• Customizable out of the box functionality

(business case, frameworks, reports)

• Quick implementation

• .net technology

• Fully web enabled

• Software as a Service

• Out of the box social media integration

• Full CRM community mgt

• Support of recruitment

• Patent management

In total we assessed app. 130

different innovation tools.

Product Capabilities

Innovation Software Solutions

Functionalities currently not supported

(6)

(7)

Capgemini Consulting assessed innovation management system leading vendors on the

basis of a detailed study which included mapping of features for a long list of tools

COMMUNITY RECRUITMENT

COMMUNITY DISCUSSION IDEA GENERATION COMMUNITY

DISCUSSION

IDEA CAPTURE COMMUNITY CONTESTS

COMMUNITY P2P COMMUNITY P2P SUITE

DEVELOPMENT COMMUNITY COMMUNIT Y COMMUNITY CONTEST SUITES COMMUNITY COLLABORATION COMMUNITY

SUITE PRODUCT LIFECYCLE MANAGEMENT IDEA DEVELOPMENT COMMUNITY REWARDS IDEA SELECTION CRM IDEA DEVELOPMENT COMMUNITY P2P PORTFOLIO MNGT. PROBLEM SOLVING

Long list of solutions

(8)

Tools addressing specific needs of innovation value chain are expected to transform into an

integrated software suite supporting end to end innovation process over the next 2-5 years

Blueprint of Innovation management system

Generate Capture Evaluate Develop Launch

Workflow

Dash boarding and reporting

Back office integration and customisation tools

Phases Features

Support functions

Ideation Road mapping

Social media Databases Contests/voting Evaluation IP Management Portfolio mngmt. Project mngmt. Collaboration P2P advice P2P enrichment Mind-map PLM Decision making Business case Business modelling Communities Private communities

Innovation value chain

Integrating ERP

These features are

addressed by scores of

vendors in the market,

either through point

solutions or by suite

solutions

Status alerts

Innovation knowledge process

(9)

Innovation Software Landscape