SAP has launched a new innovation management application in an effort to help companies foster innovation and rapidly turn product and service ideas into value.
According to SAP, the solution helps companies establish a creative culture. With most companies not fully leveraging the potential of their employees and partners, the application helps to overcome departmental silos to drive innovation.
SAP Innovation Management powered by SAP HANA was developed to meet these challenges, by finding and linking similar ideas and subject matter expect inside and outside the organisation leveraging big data capabilities.
The solution is also integrated with the SAP Portfolio and Project Management application.
SAP said by combining SAP Innovation Management with additional innovation services, including advisory service for innovation management and design thinking workshops, organisations will be able to establish a flexible and iterative ideation process that is seamlessly integrated into development, in order to accelerate the pace of innovation.
“Since 2010, SAP’s innovation-led strategy has resulted in expansive increases in customers, total revenue, market value and profitable growth. But finding the right ideas is sometimes like looking for the needle in the haystack,” said Hans Thalbauer, senior vice president, line-of-business solutions for supply chain, SAP.
“SAP Innovation Management helps SAP customers to innovate with us, resulting in more motivated employees, more loyal customers and more satisfied stakeholders.”
