What Does the Latest Research on Innovation Management Software Reveal?

A recent study conducted by German universities analyzed the role of Innovation Management Software (IMS) adoption for New Product Development (NPD) effectiveness and efficiency, as well as the factors that led to successful IMS adoption. The study found that IMS adoption improves NPD efficiency, but not effectiveness. Additionally, Idea Management had the most significant impact on IMS adoption, and software updates and upgrades were the only services with positive impacts. The study also found that IMS vendors weigh heavily on the usage of the software and neglect other essential areas, making consulting detrimental to IMS adoption. The article concludes by stating that a good IMS will help organizations to become more efficient with their innovation efforts and that idea management is the essential functionality for IMS adoption.