http://disqus.com/people/1194a33be8422ba6a90fc29ca9799ac8/enMon, 13 Oct 2008 18:30:30 -0000http://mercury-rac.disqus.com/a_review_of_idea_and_innovation_software/#comment-3030580We at BrightIdea use the term "Innovation Pipeline Management" and not just idea collection with Digg style rankings. Collection of ideas are the easy part...its turning those ideas into reality that takes hard work and good tools. Our Platform product is a mature product with over 300 clients using it today. <br><br>An innovation management platform must be flexible (configured in any way towards business processes), easy to use, promotes collaboration (web 2.0), and drives ROI. Without true ROI from the system, it is hard to measure the effectiveness of innovation within an organization. We are heavily focused on ROI with our system.<br><br>We view the innovation marketplace to have more and more vendors each year which helps define the space and at the same time validating it. I believe there will be more incorporation of Social Media components in the space to promote collaboration. At the same time, companies will rely more and more on innovation processes to stay competitive. This will release more budget towards innovation consulting services and tool providers. We've seen this change in the market and it reflects on our own business today.<br><br>Partnerships will be established within the marketplace. As an example, we've been collaborating with <a href="http://IP.com" rel="nofollow">IP.com</a> (intellectual property management of ideas in our system) and Xpree (use Prediction Markets to determine outcomes of ideas in our system). Ultimately, we need to provide more and more value to our clients to keep satisfaction at a high level.Paul TranMon, 13 Oct 2008 18:30:30 -0000http://macroprinciples.disqus.com/innovators_in_corporate_it_the_new_vcs/#comment-560463Yes. I would agree. We at BrightIdea have seen similarities between VCs and Innovation Officers at corporations. A lot of our customers are using BrightIdea to collect ideas, rank them, and allow users to collaborate on the ideas eventually turning them into reality. The job of the Innovation Officer is to facilitate ideation and innovation throughout that process. As a technology vendor, we cannot succeed without that human element.<br><br>Paul<br><a href="mailto:ptran@brightidea.com" rel="nofollow">ptran@brightidea.com</a>Paul TranFri, 30 May 2008 18:25:32 -0000