Innovation Software Landscape

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1 Innovation Software Landscape Analysis of available innovation management tool December 2011 Transform to the power of digital

2 Managing innovation in a more structured way is gaining ground; key focus is around balancing ideas, portfolio and execution PRIORITIES Adoption of Innovation Management Solutions Idea management is expected to be adopted more profoundly by product development companies Focus is also around Portfolio Management and Agile Execution What are the key innovation management solution initiatives to be taken up in the coming years? Product portfolio management 69.0% Ideation 53.0% Agile Execution 53.0% Resource planning Talent management Next gen. requirement management Visibility & Analytics 31.0% 31.0% 27.0% 18.0% Sample - Top executives of the product companies Source: Gartner, secondary data sources, Capgemini Consulting Source: Hype Cycle for Emerging Technologies, Gartner Research, 2011 What are your major innovation Copyright management 2012 Capgemini challenges?, Consulting. Product All rights Quadrant, reserved

3 While it is still expected to be in nascent state, organisations have tested various innovation tools to realise business benefits Importance an Effectiveness Though not preferred as the choice of companies, the innovation management tools have certainly made a start along with the other traditional techniques What tools do you use to validate new product ideas? Processes that would have the greatest impact on improving innovation performance Focus groups 61.0% Brainstorming 55.0% Internal suggestions 55.0% Competitive assessments 45.0% Customer feedback 44.0% online survey 36.0% Open innovation sessions 30.0% Online ratings 18.0% Feedback - corp blog 14.0% Twitter feedback 14.0% Feedback - online community site 12.0% Private online communities 11.0% Mail surveys 11.0% Facebook feedbacks 10.0% Dedicated ideation websites 3.0% Sample base: 212 product strategy professionals Source: Secondary data sources, Capgemini Consulting Making innovation a core part of the leadership agenda Modeling behavior that encourages innovation, such as taking risks Improving and implementing tools and processes for managing innovations Gaining alignment among senior leadership team Creating and communicating compelling story and sense of urgency about innovation Clarifying accountability for innovation Creating dedicated team outside core business to carry out innovation initiatives 47% 58% 43% 52% 35% 41% 35% 38% 33% 33% 22% 26% 19% 24% N -722 N -736 Top managers Other executives! 3

4 Evolutions in the innovation tools market, three specific categories of vendors have been active and providing tools to organizations Origin of Innovation Tools 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 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 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 Source: Secondary data sources, Capgemini Consulting Innovation management tools are still evolving; in the future vendors out of the big ERP arena might also enter this nascent market. 4

5 From 126 potential Innovation software solutions, Capgemini Consulting selected Inpaqt among the best for functional and technological capability fit Suggested Solution - Inpaqt Product Capabilities Innovation Software Solutions Suggested Solution Criteria for analysis 1. Mapped a long list of vendors to the standard features 2. Functional capability 3. Technical capability 4. Product and vendor strategy Functional capability details In total we assessed app. 130 different innovation tools. Solution strengths 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 Functionalities currently not supported Out of the box social media integration Full CRM community mgt Support of recruitment Patent management Source: Secondary data sources, Capgemini Consulting

6 Appendix 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 Long list of solutions IDEA GENERATION COMMUNITY DISCUSSION IDEA CAPTURE COMMUNITY CONTESTS IDEA DEVELOPMENT COMMUNITY REWARDS IDEA DEVELOPMENT COMMUNITY P2P PORTFOLIO MNGT. COMMUNITY RECRUITMENT COMMUNITY P2P COMMUNITY P2P SUITE PROBLEM SOLVING COMMUNITY DISCUSSION COMMUNITY CONTEST SUITES COMMUNIT Y COMMUNITY COLLABORATION IDEA SELECTION CRM DEVELOPMENT COMMUNITY COMMUNITY SUITE PRODUCT LIFECYCLE MANAGEMENT Note: solutions mapped on core function; some can be plotted in more boxes

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 Innovation value chain Generate Capture Evaluate Develop Launch Ideation Databases Evaluation Project mngmt. Road mapping These features are addressed by scores of vendors in the market, either through point solutions or by suite solutions Mind-map P2P advice Social media Collaboration Portfolio mngmt. Communities P2P enrichment Private communities Business case Decision making Contests/voting Status alerts PLM Business modelling IP Management Integrating ERP Innovation knowledge process Phases Features Support functions Workflow Dash boarding and reporting Back office integration and customisation tools Source: Secondary data sources, Capgemini Consulting 8

9 9 For more information, please contact: Ardo Huisman Principal Consultant Strategy & Innovation Mob:

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