Innovation Management Software
Innovation Management Software Overview
What is Innovation Management Software?
Innovation management software (also known as Idea Management Software) supplies an organized, secure collaboration space for idea generation and progress toward innovation. Innovation management software is similar to project management software but with security features to protect corporate innovations or other kinds of IP.
Vendors offer different deployments of innovation management to support the development of products, ideas, and innovations of various kinds. A platform may include tools that allow employees to collaborate on ideas. Another may provide means of engaging and surveying customers for their input. The focus is to allow the organization to respond to external or internal ideas and opportunities as the case may require.
Features and Benefits of Innovation Management Software
Vendors tout benefits of their innovation management software to match the ideas of the potential customer. A cross-section reveals the following general capabilities:
Strategy & planning templates and guidance
Project milestone generation & progress tracking
Stage progression schema for product release roadmap
Customizable content presentation elements
Mobile-friendly design interface
Secured access, single sign-on (SSO) integration
Project budgeting, forecasting
In-built collaboration & communication
Prototyping in-built, or via integration
Surveys or ideas crowdsourcing
Custom fields for data gathering
Employee or customer engagement, VOC
Market intel or tracking (for benchmarking, competitor comparison)
Similar to project management software, limited deployments of idea management software are available free to individuals or small groups. Free trials of more substantial offerings are also available. Relatively low-cost PPM-like deployments are available on a subscription basis (monthly or annual) from some vendors. Higher tier plans that far exceed project management or PPM-like capabilities are available. These are relatively high cost but supply advanced features. Some advanced features of high-tiered plans may include prototyping, research and testing tools, and frameworks for progressing complex engineering or software projects. Furthermore large, disparate teams of contributors including personnel or people outside the enterprise (e.g. consumers) may be brought together via innovation management software.
Innovation Management Products
Spigit was founded to help companies unleash the power of their employees, partners, and customers to drive innovation. Spigit is a software for crowdsourced innovation, and is used by companies in systems integration, financial services, insurance, pharmaceutical, healthcare, technology, and more....
Opal Labs offers an idea management platform for brand marketers. It allows companies and agencies to collaborate on campaign creatives and marketing strategies.
IdeaScale offers idea and innovation management software. There are four editions: Free, SMB, Challenge and Enterprise.
Powernoodle® is cloud software that helps organizations make better decisions by leveraging what the vendor refers to as Stakeholder Intelligence™. The vendor says Powernoodle leverages cognitive and behavioural science to minimize barriers to decision making, providing out-of-the-box Stakeholder...
Innovation Cloud is a free web-based tool for idea management. It enables users to submit, codevelop and execute ideas.
Qmarkets is an enterprise-grade idea and innovation management system for businesses, driving ideation and classical brainstorming by augmenting processes in order to eliminate the obstacles which tend to get in the way of traditional brainstorming sessions. Using Qmarkets, businesses can leverage...
BrightIdea aims to be the #1 Platform in Customer Reported Business Outcomes from Innovation. According to the vendor, customers generate better ideas with Brightidea, and achieve the highest dollar amount of innovation outcomes (PWC Independent Assurance Report 2017). BrightIdea helps companies...
Maquetter is a prototyping, design presentation and collaboration solution. Some key features include Structured Presentations, Web Design and Development Tools.
Sideways 6 is an employee ideas platform that connects to Yammer to source, analyse and manage ideas without requiring employees to learn new software. The vendor takes this approach because they've found that it can be difficult to get employees to take up 'yet another app'. According to the...
Idearium is business innovation software. Some key features include: Idea Management, Focused Innovation and Rewards Management.
Wazoku's Idea Spotlight is innovation management software.
Crowdicity is idea management software. The company is based in the UK and boasts clients such as P&G, Virgin America, and the BBC.
IdeaLab allows companies to build a collaborative community of feedback. The product can be used publicly to engage directly with customers and get their ideas, or internally to let everyone identify problems, solutions and opportunities. Locations can also serve as ideas, allowing customers to...
Exago SMART offers innovation software with features that promise to activate a company's collective intelligence to boost innovation growth. The vendor says the new Exago START edition offers field-tested configurations for a quick, easy start, while Exago OPEN extends your reach beyond corporate...
SwitchPitch Connect is a platform that is designed to help established companies find innovative startup solutions for their innovation needs.The platform consists of:Database of 35,000+ startups/SMEsA marketplace where enterprises can publish internal projects that they can’t undertake themselves,...
HackerEarth is an innovation management solution that is designed to help companies efficiently manage ideation.With HackerEarth Sprint companies can: Crowdsource/ Capture ideasValidateShortlistDevelop proof of conceptSprint enables companies to engage with employees, partners, vendors, and...
PatSnap in Singapore is a patent and intellectual property (IP) management applications featuring a wide range of search tools, collaborative workflow, as well as competitor analysis.