Innovation management (IM) platform offers an enterprise grade platform that includes features like cloud collaboration, integration, gamification, idea management, connection to external data sets, and reporting & analytics. The platform provides tools that an organization needs to innovate at scale and helps in accelerating innovation outcomes, embedding a culture of innovation, or solving complex innovation challenges. Also, the platform provide solutions that allow businesses to crowdsource ideas across the entire organization, provide an end-to-end innovation management process that allows them to determine which ideas are most likely to succeed, and assist in developing an action plan by transforming their ideas into long-term success.
Quadrant Knowledge Solutions’ Innovation Management (IM) platform market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market and the overall market adoption rate as well. This research provides the strategic information for technology vendors to better understand the existing market and supporting their growth strategies, and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes ranking and positioning of leading Innovation Management platform vendors, with a global impact. The SPARK Matrix includes an analysis of vendors, including Brightidea, Crowdicity, edison365, HYPE Innovation, Idea Drop, Ideanote, IdeaScale, Innosabi, InnovationCast, ITONICS, Nosco, Planbox, Planview, Qmarkets, Sopheon, Wazoku, and Wellspring.
According to Manish Chand Thakur, Analyst at Quadrant Knowledge Solutions, “The innovation management platform vendors continue to strengthen their capabilities, leveraging cutting-edge technologies such as – gamification, integration with enterprise ecosystem, open innovation, external crowdsourcing, and reporting & analytics. Additionally, the innovation management platform vendors are making significant investments for features like cloud capabilities, digitization, open innovation communities, security, and increased traceability & transparency. Furthermore, the vendors are also providing integrated Artificial Intelligence, Natural Language Processing, and Machine Learning capabilities that aid in matching people, ideas, and problems and ensure that unexpected relationships are highlighted and not left to chance. The platform uses these technologies to create a corporate memory of ideas for businesses that can later be matched with people and challenges.
2021 Innovation Management Platform SPARK Matrix
Source: Quadrant Knowledge Solutions
Table of Contents
- Key Research Findings
Market Overview and Technology Trends
Factors Influencing Technology Development and Market Growth
Market Adoption Trends
Competition Landscape and Analysis
- Competitive Overview and Analysis
- Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Innovation Management Platform Market
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