Why you should invest in innovation management software

Innovation management software formalizes and introduces structure within the innovation system, simplifies management of the complex system, optimizes innovation processes, connects innovation to other systems used within the organization, opens up innovation to everybody, and ensure that the right decisions are made at the right time. This technology solution for innovation management should replicate and connect all dimensions of the innovation system, including ideation, product development, portfolio management, product launch, and post-launch review. Innovation management software contributes to the optimization of the end-to-end innovation process, enhances efficiency, and reduces operational costs. It engages the full potential of creative capability inside and outside the organization by facilitating active collaboration with multiple stakeholders at once.