Risk management and innovation management

Risk management and innovation management

Companies can benefit from linking risk management and innovation management to identify and evaluate risks, and develop opportunities for innovation, greater customer orientation, or digital transformation. The Innolytics® Software Suite offers a risk management software module that collects and evaluates risks based on criteria such as probability of occurrence and damage amount. Meanwhile, the innovation management software module supports the development of opportunities through structured processes. A mental shift from the risk to the opportunity side is key to successfully connecting these two management systems.

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More Innovation Resources:

The Creativity Delta: How to Come Up with New Ideas

Unlocking creativity is critical for economic growth, yet only one in four people believe they are living up to their creative potential. Adobe's study found that 75% of respondents felt encouraged to be productive rather than creative at work.

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How to Lead Innovation and Embrace Innovative Leadership

Successful innovation leaders possess certain qualities such as adaptability, comfort with ambiguity, curiosity and creativity. This article shares practical tips on how to lead innovation at an organizational level.

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Macro trend: Microservices

Microservices can increase a business’ agility, but require exceptional project management. This approach to application development breaks large projects down into small parts, requiring minute detail in planning and constant updates.

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