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
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WHY IT MATTERS
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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
Confidential
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
