Innovation

in Idea Management Software, Innovation, Innovation Software, Innovation Strategy Services

[vc_row][vc_column][vc_column_text] Strategic Idea Management: Your Edge for Transformative Innovation [/vc_column_text][vc_empty_space height="22px"][vc_column_text]It is undeniable that innovation is likely the single-most impactful means of staying ahead of the competition. However, generating innovative ideas and turning them into actionable solutions requires more than just creative thinking—it demands effective management of ideas, collaboration, and alignment with strategic goals. This is where idea management software and supporting business practices come into play.[/vc_column_text][vc_empty_space height="22px"][qodef_blockquote text="Idea management software is a digital platform designed to capture, develop, prioritize, and implement ideas from employees, customers, or stakeholders." title_tag="h3" width="75%"][vc_empty_space height="22px"][vc_column_text]When leveraged effectively using integrated business processes, KPIs and collaboration, it becomes much more than a tool for idea collection—it evolves into a strategic asset that generates business growth, improves efficiency, and enhances organizational culture. Here’s how and why idea management can be a powerful strategic tool across the entire enterprise.[/vc_column_text][vc_empty_space][vc_column_text] Idea Management for Innovation: [/vc_column_text][vc_empty_space height="22px"][/vc_column][/vc_row][vc_row][vc_column width="3/4"][vc_column_text] Fosters a Culture of Innovation One of...

13 Nov

Product Lifecycle Management

in Innovation, Innovation Strategy Services

[vc_row][vc_column][vc_column_text] Product-Lifecycle Management 2.0 [/vc_column_text][vc_column_text] A Kaizen Approach to Market-Driven Innovation [/vc_column_text][vc_empty_space][vc_column_text]In today’s competitive business environment, companies are under constant pressure to innovate, streamline processes, and improve product quality. One powerful way to achieve these goals is by applying the principles of Kaizen—the Japanese concept of continuous improvement—to Product Lifecycle Management (PLM). By viewing PLM as a Kaizen loop, organizations can foster a culture of ongoing innovation and refinement, ensuring that products evolve in line with customer needs, technological advances, and market demands. In this blog, we’ll explore how managing Product Lifecycle Management as a Kaizen loop can drive better results, improve efficiency, and lead to the creation of superior products that resonate with customers.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text] What is Product Lifecycle Management (PLM)? [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Before we dive into how PLM can benefit from a Kaizen approach, let’s define what PLM is.[/vc_column_text][vc_empty_space height="22px"][qodef_blockquote text="Product Lifecycle Management is the process of managing the entire lifecycle of a product from inception, through...

08 Nov

What is Social Innovation? Definition, Examples and Best Practices

by Robyn Silber

in Innovation, Types of Innovation

[vc_row][vc_column width="2/3"][vc_column_text] What is Social Innovation? [/vc_column_text][vc_empty_space height="22px"][qodef_blockquote text="Social Innovation refers to the creation of new solutions—ideas, services, or models—that meet pressing social needs and improve individuals' and communities' quality of life. Unlike conventional innovations focused primarily on profit, Social Innovations aim to create shared value, addressing complex challenges such as poverty, health, education, and environmental sustainability." title_tag="h3" width="100%"][/vc_column][vc_column width="1/3"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]Notably, in 2023, the United Nations General Assembly formally recognized Social Innovation’s contributions to sustainable development, underscoring its relevance in today’s interconnected world. The jury is still out on the greatest social innovation of all time; is it the wheel, the social innovation that got the human race rolling, facilitating trade and spreading ideas and wealth globally, or is it the tax system which allowed the creation of public service the (theoretical) equal distribution of wealth? The internet gets my vote, for its substantial social impact in a relatively short period. In less...

08 Nov

Innovation Analyst for Technology Research

in Innovation, Innovation Software, Innovation Strategy Services, Open Innovation, Technology, Technology Landscape, Technology Scouting

[vc_row][vc_column][vc_column_text] The Risks of Sole Reliance on LLMs and AI in Technology Discovery: Why Human Expertise is Still Essential [/vc_column_text][vc_empty_space height="22px"][vc_column_text] LLMs and AI tools are inadequate as primary technology discovery tools. A human analyst to validate technology search results, conduct crucial subject matter expert interviews, and evaluate unique ideas from experienced, creative employees and stakeholders through open innovation challenges will prove to be the best approach to a fully developed innovation management strategy. [/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]In today’s world of rapid technological advancements, businesses are constantly racing to identify and adopt breakthrough solutions that can give them a competitive edge. AI-driven tools like large language models (LLMs) have emerged as powerful engines for uncovering information, scouring vast data sets in seconds, and generating insights that would otherwise take weeks to gather. However, as efficient as these tools are, they can create a false sense of security in the New Product Development arena. Successful technology discovery demands...

31 Oct

Technology Trends – Sensors

in Chemicals & Materials, CPG Industry, Defense & Aerospace Industry, Energy Industry, Food and Beverage Industry, Innovation, MedTech & Life Sciences Industry, Technology

[vc_row][vc_column][vc_column_text] Sensors Rank as a Critical Component for Industry Innovation and Competitiveness [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Sensor technology is transforming industries by providing real-time monitoring of supply chains, product quality, and consumer interactions. For sectors like CPG, Defense, Manufacturing, and Energy, sensors offer crucial transparency and superior control. By tracking key conditions such as temperature, moisture, pressure, and handling, businesses can ensure product safety, optimize logistics, and reduce waste. Sensors play a vital role in gathering real-time data that is essential to maintaining quality, safety, and efficiency across industries. Incorporating sensors into an innovation strategy allows companies to gather valuable data that enhances decision-making, streamline operations, and improves product offerings. With real-time insights, businesses can adapt quickly to market demands, improve efficiency, and offer improved experiences for customers. Here is an overview of sensors across various industries and the key measurements sensors can track today. Sensor technology is always improving and moving into new sectors as their...

25 Oct

Technology-Market Fit

in Innovation, Innovation Strategy Services, Intellectual Property, Technology, Technology Landscape, Technology Scouting

[vc_row][vc_column][vc_column_text] Revitalizing Dormant IP: Strategies for Monetizing Overlooked Assets [/vc_column_text][vc_empty_space height="10px"][vc_column_text] Get Off Your |IP| Assets and Make some Money! [/vc_column_text][vc_empty_space height="10px"][vc_column_text]New product research is at the core of all manufacturing companies today, but what most don’t realize is that, regardless of industry, they are sitting on up to 50% of their intellectual property assets with no plans for their use. This often results when a company pursues technologies specific to one product, and that technology is not a fit, causing it to be shelved with no further plans for its use. In other words, they are missing out on any opportunity for alternative revenue streams for the company. Many companies will intentionally sit on their IP assets in order to safeguard themselves from others who may try to pursue similar capabilities, keeping them at bay with the potential for a prior-art lawsuit, but most of these underutilized assets are a result of a...

16 Oct

How 3D Printing Will Revolutionize Key Industries in the Next 5 Years

in Chemicals & Materials, CPG Industry, Defense & Aerospace Industry, Energy Industry, Food and Beverage Industry, Innovation, MedTech & Life Sciences Industry, Technology, Technology Landscape

[vc_row][vc_column][vc_column_text] The Future of Additive Manufacturing in Consumer Goods, Energy, and New Materials [/vc_column_text][vc_empty_space height="22px"][vc_column_text]In the ever-evolving world of technology, 3D printing is emerging as a game-changer across multiple sectors. From consumer packaged goods (CPG) and life sciences to oil/gas/energy, defense/aerospace, and chemical/materials, the ability to produce complex, customized products quickly and efficiently is transforming industries. As businesses increasingly adopt 3D printing technologies, they are realizing major improvements in sustainability, cost-effectiveness, and accelerated innovation cycles. In the next five years – whether in personalized nutrition in the food and beverage industry, on-demand production in non-food CPG, or efficient energy solutions in oil and gas – the potential applications for 3D printing technologies are nearly limitless. Additionally, the life sciences and defense sectors continue to benefit from rapid prototyping, custom parts production, and advanced medical solutions. This blog will explore how 3D printing is driving innovation and reshaping the future of these industries.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="22px"][vc_column_text] Innovations...

03 Oct

5 Year Innovation Forecast: Essential Technologies Shaping the Future of Business

in CPG Industry, Enterprise Innovation, Food and Beverage Industry, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology Landscape, Technology Scouting

[vc_row][vc_column width="2/3"][vc_empty_space height="30px"][vc_column_text] Future Technology Assessments for Industry Series [/vc_column_text][vc_column_text] An Analysis of the Technologies Transforming the Business Landscape [/vc_column_text][vc_empty_space height="10px"][vc_column_text]In much the same way that Gutenberg revolutionized knowledge dissemination employing machine efficiency, today’s technological advancements are triggering a new paradigm shift across industries. Just as the printing press transformed communication and made information accessible at unprecedented levels, emerging technologies are reshaping industries like Consumer Packaged Goods (CPG), Aerospace and Defense, Energy, Life Sciences, Chemicals and Materials. [/vc_column_text][/vc_column][vc_column width="1/3"][vc_single_image image="18209" img_size="full"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="10px"][qodef_separator position="center" color="#e2e2e2" width="100%" thickness="2"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="30px"][vc_row_inner][vc_column_inner width="1/4"][vc_single_image image="18109" alignment="right" style="vc_box_shadow_circle"][/vc_column_inner][vc_column_inner width="3/4"][vc_empty_space height="20px"][vc_column_text css=".vc_custom_1727955805851{border-radius: 2px !important;}"]"Understanding which technologies will define the future is not just about predicting trends—it's about positioning your business at the forefront of innovation. As industries evolve, the companies that recognize and adopt these disruptive technologies will not only lead but shape the future of their sectors." - Dr. Dave Jones, Chief Research Officer [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="10px"][qodef_separator position="center" color="#e2e2e2" width="100%" thickness="2"][/vc_column][/vc_row][vc_row][vc_column width="3/4"][vc_empty_space height="20px"][vc_column_text] What Disruptive...

02 Oct

Innovation in Uncertain Times

in Innovation, Innovation Solutions, Open Innovation