Your newsfeeds are probably just as full as mine of articles and comments about
brilliant new innovations. Now
is an exciting time to be a product and supply chain professional. But it can also be pretty aggravating,
especially if those articles are written about your competition. Even worse, if you failed to get the same
idea off the ground two years ago!
PwC reported five-year
growth projections for top innovators run beyond 60% but sit around just 20-35%
for average innovators, so it’s no wonder most CEOs are pushing their
organizations to figure out how to make better innovation happen more effectively.
Therein lies the struggle: Although the benefits of being
a top innovator are well documented, how to become
a top innovator… not so much.
Oracle recently launched a new Modern Best Practice for Innovation website designed to educate professionals
on the latest methods of managing innovation according to modern best practices,
enabled by Oracle Innovation Management Cloud. The website provides a clear and simple, step-by-step guide to transform
fragmented product development processes into a universal, objective Innovation
You’ll find the Innovation process divided into 5 core functions:
Take a moment to
explore how Oracle can help you select and translate a steady stream of
innovative ideas into a predictive product portfolio and go-to-market
strategy. You'll also find plenty of helpful resources like white
papers, videos, and reports to better understand how you can increase
innovation-driven revenue with Oracle Innovation Management Cloud. Happy
Kerrie Jordan is Director, PLM Product Marketing at Oracle. Follow her on Twitter @KerJordan