Tuesday, November 28, 2006

Innovation: Necessary But Not Sufficient

Recent research illustrates that companies expect their growth to be enabled through innovation, however they see significant room for improvement in their innovation process. To address their shortcomings, the survey results show a strong investment in external spending on the front-end of innovation, including customer and market insights. Survey provides additional findings for improving innovation. ...

... "Furthermore, 50% of the companies reported that 10% to 25% of their revenues over the next 3 years would be driven by products and services that will be developed over the next 12 months. Less than 5% of these companies believe they have a highly effective innovation process and only a small number are using state of the art approaches to innovation like open networks and innovation based metrics." ...


Via ArchStone Consulting: Survey Reveals 50% of Companies Dissatisfied with Return on Innovation Investment (PDF) ...

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posted by Frank M @ 9:17 PM, Read More...  
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1 Comments:

At 2:41 PM, Blogger Matthew Steffen said...

I believe that with all the advanvements being made in platforms for building your own project management applications we no longer have a need for "Reinventing the Wheel."

What is the best way to revolutionize an industry? Automate the repetitive, time-consuming tasks forced upon people within that industry.

That’s our job as a software company -- to help transform other people’s jobs. But why can’t we transform the jobs of people in our own industry, the software industry? It stands to reason that if we could automate our own tasks, then we could revolutionize our own industry. Instead of taking months to develop custom software, it could take weeks or days.

Of course, that’s easier said then done. On the surface, each custom piece of software looks completely different. But through our experience, we’ve noticed some trends. The Intellect product is the result of analyzing and fine-tuning these trends.

Instead of a senior developer creating several thousand lines of custom-made programming logic, a business user can now fill out some forms and drag-and-drop elements on a page. Business users simply fill in gaps, using a platform so generic it initiates virtually any business application.

So does it work as well in practice as it does in theory? We have several non-developers on staff regularly create applications quite quickly. Our business depends on it. (We use Interneer Intellect - visit www.interneer.com for more info).

 

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