Introduction to Innovation Management Platforms

Every company has its own unique approach to innovation. For leading companies, innovation means a thoughtful, coordinated and controlled process that aligns with their business strategy, processes, capabilities and understanding of the market. However, managing innovation is a challenging task that needs the right structure, governance and combination of all these elements. Although it sounds easy, in practice it is a difficult discipline that requires commitment and a harmonious combination of different factors. Thus, the question arises:

Should we invest in innovation management software to digitise our innovation system and make it more manageable?

Source: own elaboration

Innovation management software helps to realise the full potential of creativity inside and outside the organisation, as it enables active collaboration with multiple stakeholders at the same time. However, there is a plethora of different innovation management software available on the market, and finding the right one depends on your innovation strategy. While no software will automatically transform your ideas into products or services, finding and implementing software that meets all your requirements will ultimately strengthen your innovation capabilities and efforts.