Confidential CROWD INNOVATION Why it matters Who’s doing this How it works #InnovationHQ Milind Pansare @milindpansare vp product marketing at Mindjet InnovationHQ Meetup January 30, 2014
Meetup: InnovationHQ January 30, 2014: Crowd Innovation - Why It Matters and How it Works
May 10, 2015
Crowd Innovation, as embodied in Innovation Management Software Systems, is being increasingly used by large organizations and enterprises to source ideas at scale from their employees, partners and customers, and help identify the best new business opportunities. Done right, these techniques can help you make incremental process improvements, achieve cost savings, create incremental and disruptive product breakthroughs, and importantly, engage employees and customers at scale.
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Confidential
CROWD INNOVATION Why it matters Who’s doing this How it works #InnovationHQ Milind Pansare @milindpansare vp product marketing at Mindjet InnovationHQ Meetup January 30, 2014
Confidential
WHY IT MATTERS
Confidential
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Lifespan on S&P500 is 60% shorter today than in 2000.
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3 out of 4 companies on the S&P 500 will be gone in the next 15 years
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75% of executives are concerned with not having enough ideas - Corporate Executive Board
3 ① Grow Revenue ② Innovate for Competitive
Differentiation ③ Reduce Costs through
efficiencies - MIT Sloan/Deloitte Study
TOP BUSINESS ISSUES
of CEOs say that Innovation is a priority
- pwc
61% don’t have well defined Innovation strategies
- Accenture
66%
success rate of “Provide and Pray” approach
- Gartner
10% of employees never use their enterprise social network
- Forrester Research
77%
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WHO’S DOING THIS
Mindjet and Spigit Confidential
“We were clear on our initial thoughts of what our legacy from 2012 should be; we wanted to have a meaningful impact attaching Cisco to the UK in a big way, making the focus on innovation, skills and learning.” - Tom Kneen, Head of Business Development, Cisco UK
British Innovation Gateway Awards: Partnership with London Olympic Games to promote innovation. Announced by Cisco’s CEO, John Chambers, and Prime Minister, David Cameron.
Five award categories: Internet of Things Big Data Future Cities Mobility Collaboration
Mindjet and Spigit Confidential
Mindjet and Spigit Confidential
Mindjet and Spigit Confidential
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HOW IT WORKS
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TECHNOLOGY
GET IDEAS AT SCALE - FROM YOUR EMPLOYEES, CUSTOMERS AND PARTNERS.
SURFACE THE BEST IDEAS - FOR IMPACTFUL BUSINESS OUTCOMES.
MAKE IT A SCALABLE, PREDICTABLE, AND QUANTIFIABLE BUSINESS PROCESS.
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CREATE A CULTURE OF INNOVATION – SUSTAINED ENGAGEMENT
Anywhere, anytime, any device
Engage at scale, ensure diversity of opinions and aggregation of knowledge
Solve specific organizational challenges on a timeline
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DRIVE BUSINESS OUTCOMES – INNOVATION ENGINE
Define idea stages and automated graduation criteria that are a fit for your organization. Use the crowd to do heavy lifting in initial stages and then use the built-in fusion workflow engine for expert evaluations in later stages
Ensure all ideas are carefully considered and the best ideas are surfaced.
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REPORTING AND ANALYTICS – REPEATABILITY & PREDICTABILITY
Match the workflow to your business process
Measure innovation with the help of business analytics, dashboards and reports
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Delivering Value Across the Enterprise
Strategy Product Innovation
Process Improvement
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