TRANSFORM IDEAS INTO WINNING PROJECTS…
Successful innovation programs more and more key to driving corporate growth and maintaining competitive advantage. Innovation programs must be sustainable and agile to keep pace with today’s rapidly changing environments. Companies struggle with how to establish and sustain the innovation process. Persons within the organization are an excellent resource for new ideas. Organizations benefit from capturing their ideas, reviewing and identifying them, and finally being able to transform them to growth drivers.
A software system that fosters strong teamwork with internal and external collaboration is needed to help shorten and drive the innovation cycle all while building relationships. Proper metrics must be in place to measure the success of the program and determine financial return.
Managing innovation is not an easy task without the proper tools and expert guidance. Innovation programs must be executed properly to be successful. NOVA-INNOVATE, Innovation Management Software is the newest addition to the Novatek Suite of Software Solutions. By providing a patented comprehensive, configurable rules-based engine, NOVA-INNOVATE accelerates the ideation process to allowing you to choose the best ideas faster. NOVA-INNOVATE software is a powerful tool that aids in producing a sustainable and agile innovation process.
With NOVA-INNOVATE senior managers could have the right metrics to measure the success of their innovation programs. NOVA-INNOVATE helps establish key performance indicators to measure that success. There is a clear correlation between innovation and growth. Based on the results of a recent survey conducted by PwC (PricewaterhouseCoopers), over the past three years the most innovative companies had on average 16% higher growth than the least innovative companies. The growth for innovative companies is predicted to be 20% higher than less innovative companies in the next 5 years.