- A Tailored Strategy
- Case Studies
Why Corporate Innovation
- Traditionally corporates have relied on disconnected and restrictive internal sources and resources to lead their innovation process.
- The Corporate innovation product gives corporates a customized platform for a connected internal innovation process from challenge discovery, ideation, and commercialization by leveraging both internal and external sources of information and resources for implementation.
Benefits of Corporate Innovation
- Identify and select strategic and impactful business challenges that need to be addressed
- Solve business challenges using both internal capabilities and external collaboration
- Have your solutions better aligned with customers needs
- Increase the speed of the innovation process and chances of successful innovation
- Track every step of the innovation process and better analyze the related expenses and return on investment
- Synopsis: A global and research company was looking for ways to leverage new age technologies to digitize their research process by automating some of the parts of the primary and secondary research
- Challenges
- increase the research output
- Increasing the quality of the research output simultaneously with the amount
- Conduct and use secondary research more productively
- Reducing the time it takes to conduct primary research
- Connect all the stakeholders in producing the research digitally with each other
- Solution
- Understanding the value chain of the research process
- Identification of problems and bottlenecks in digitization of the research process
- Identification of external technology solutions and internal technology solutions available to assist in the digitization process
- Shortlisting and selecting the optimal technology solutions
- Created a digitized research process leveraging an external technology solution
- Result: By harnessing the capabilities of the corporate innovation platform, the research and consulting company was able to identify the issues in digitization of the research process and develop a digitized research process that helped them increase the output, quality, and productivity of the research as well as increase the coordination between the stakeholders involved in the process
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