Thursday Jun 04, 2015

Frustrated Yet? Here's a Simpler Look at Innovation Best Practices

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 Management competency.

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 innovating!

Kerrie Jordan is Director, PLM Product Marketing at Oracle.  Follow her on Twitter @KerJordan

Tuesday Apr 08, 2014

A Discussion with Oracle's Expert on Innovation Management

Gayle HayesA few weeks ago I had the opportunity to sit down with our resident expert on Innovation Management, Gayle Hayes. I picked her brain on what’s going on in the world of product and service innovation and how Oracle is helping. A new phenomenon is sweeping product development – thanks to an explosion of ideation tools and techniques such as crowd-sourcing, big data, mashups, customer immersion labs, etc, finding ideas is not the problem. With so many to choose from, the biggest questions are now “which idea?” and subsequently, “how do you translate the right idea into a profitable product?"

This is precisely the challenge the new Oracle Innovation Management is designed to address. To learn more about the idea glut and how the new solution helps organizations improve return on innovation investments, read the transcript of our discussion below or stream our podcast. You can even find us on iTunes!

[Read More]
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