Innovation Management
An innovation management software simplifies and accelerates the discovery, development, and implementation of promising ideas through transparent collaboration, structured workflows, and targeted prioritization.
INNOVATION ADVANTAGES TITLE
Faster Implementation of Ideas
An innovation management software centralizes ideas and makes innovation processes more efficient. Companies can capture, prioritize, and transform ideas into concrete projects more quickly. This significantly shortens the time from idea to market launch.
Improved Collaboration and Knowledge Sharing
Collaborative features enable teams to work together across locations and share knowledge. This fosters innovative solutions that emerge from different perspectives and departments, increasing the quality and relevance of new ideas.
Transparency and Traceability in the Innovation Process
The software creates clear structures: every idea is documented, evaluated, and tracked. This allows companies to maintain an overview of ongoing projects, progress, and responsibilities—avoiding duplication of work or loss of information.
Data-Driven Decisions and Prioritization
An innovation software provides key metrics and analytics, making it easier to objectively evaluate ideas and support strategic decision-making. Resources can thus be allocated precisely where they create the greatest impact.
Competitive Advantages Through Accelerated Innovation
Organizations that manage innovation efficiently can respond more quickly to market changes and customer needs. This strengthens competitiveness, drives growth, and secures a sustainable market position.
Our Innovation management process
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1Define prioritiesDefine your priorities and understand your environment.
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2Collect ideasCollect ideas collaboratively and with different methods.
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3Concretise ideasMake the ideas of a community available and improve them together.
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4Rate ideasRate and assess ideas inside or outside your organization.
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5Evaluate resultsEvaluate the ideas according to your decision criteria.
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6Put ideas into practiceCreate concepts and transform the ideas into a roadmap.
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7MonitoringFollow the implementation of your ideas in the roadmap and adjust it at any time.
What is Innovation management?
Innovation management refers to the systematic process by which companies develop, evaluate, and transform new ideas into marketable products, services, or business models. The goal is to ensure long-term competitiveness and growth through the targeted use of internal and external resources.
Ideas are the foundation of every innovation: through collective idea generation, discussion, and evaluation, new products, business models, or process improvements emerge. Diverse perspectives and knowledge foster creative solutions. In the Foresight Strategy Cockpit (FSC), ideas can easily be created, shared, and further developed — optionally integrating external knowledge through surveys.
AI-Driven Innovation Management: Keeping an Eye on Technologies, Start-ups, and Future Potentials
The innovation landscape is evolving rapidly — new technologies, dynamic start-ups, and disruptive business models are emerging in increasingly shorter cycles. Traditional innovation processes quickly reach their limits in this environment. Intelligent platforms like the Foresight Strategy Cockpit therefore rely on Artificial Intelligence to link complex data streams from research, markets, and patents, making innovation opportunities visible at an early stage.
AI agents play a central role in this process:
- They continuously monitor new technologies, scientific publications, start-up activities, and patent developments,
- identify correlations, trends, risks, and opportunities within innovation portfolios,
- generate data-driven insights for strategic decisions in R&D, product development, and business development, and
- ensure that confidential innovation data remains protected through integrated data security and cybersecurity mechanisms.
By combining AI-driven intelligence, collaborative workflows, and continuous technology monitoring, a new form of AI Future Intelligence emerges. It enables organizations to identify relevant innovation fields faster, anticipate technological developments, and strategically translate them into market-ready solutions — before the competition reacts.
The Foresight Strategy Cockpit Innovation Management Module
The Innovation Management Module in the Foresight Strategy Cockpit supports your organization in organizing, analyzing, evaluating, and implementing new and existing ideas. Together, you can examine all the key factors that determine the feasibility and success of your business ideas.
Our flexible tool allows you to freely adapt evaluation criteria, user permissions, and role management for different projects. This means you can define individual evaluation criteria for multiple idea projects and decide which employees have access to which projects.
Harness Your Creative Potential
Ideas express innovative contributions within defined parameters such as time or disruption potential, highlighting their respective strengths and weaknesses. Idea analysis, similar to trend analysis, evaluates ideas based on a wide range of individual opinions. Evaluation criteria are defined in advance by an administrator.
Ideas can be linked with qualitative or quantitative information to strengthen their positioning. Group evaluation results are presented using statistical calculations in an evaluation matrix, radar chart, or portfolio view.
Collaborative Idea Analysis
Evaluate ideas within your team using customizable evaluation criteria. Invite external experts to participate in the process via our survey method. Observe the entire process in real time — the system automatically aggregates individual assessments into consolidated and meaningful data.
Data-Driven Scouting & Monitoring
The FSC’s visualization capabilities make it easy to interpret results and transparently decide which ideas should move forward. Based on these insights, you can formulate appropriate implementation strategies. All collected findings can be instantly exported and shared as ready-to-use reports (.pdf or .docx).
Our values in short
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Collaborative Innovation Management
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Access to indicators and media analysis
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Browser Add-on and App for faster integration of relevant pieces of information
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Automated Reporting functions for fast communication
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Fully supported and trained by our Foresight experts
FSC Modules
Through strategic foresight methods such as Trend Management and Scenario Construction, we can reduce the complexity and uncertainty of a rapidly changing globalized world.
Designed for your team to create futures
Summary
Innovation Must Be Developed
Innovation is not a coincidence — it must be actively developed and managed. Companies need structured innovation management to remain competitive and agile in the face of change. Since innovations are dynamic and hard to predict, it is essential to establish processes that systematically capture, evaluate, and implement ideas.
From Idea to Innovation
Every innovation starts with an idea, but not every idea has potential. The Foresight Strategy Cockpit (FSC) helps companies collect, discuss, and objectively evaluate ideas, creating structured decision bases for products, business models, or process improvements.
Systematic Organization
Within the FSC, evaluation criteria, roles, and permissions can be customized to ensure transparency and efficiency throughout the innovation process. Ideas are analyzed, prioritized, and, if necessary, supplemented through external surveys.
From Research to Implementation
The innovation process begins by defining focus areas and gathering relevant ideas. These are then jointly evaluated, refined, and transformed into concepts and roadmaps. Implementation can be monitored and adjusted directly within the tool.
Making Innovative Potential Visible
The FSC makes the entire process transparent: results are visualized in real time and available as reports. This enables faster identification of innovation potential, more informed decision-making, and more effective strategy implementation.
AI-Driven Future Intelligence for Innovation
With the use of Artificial Intelligence, innovation management becomes a forward-looking process that not only manages ideas but actively identifies future opportunities. AI agents continuously analyze internal and external data sources, detect patterns, assess potential, and provide automated recommendations for innovation decisions.
In combination with human expertise, a form of Future Intelligence emerges that enables organizations to detect trends earlier, better assess risks, and align innovation strategies based on well-founded insights. In this way, innovation management evolves from a reactive idea process into a proactive system for strategic future design.
Frequently asked questions and answers
An innovation management software, such as our Foresight Strategy Cockpit (FSC), assists companies in systematically capturing, evaluating, and implementing innovative ideas. These software tools offer features that cover the entire innovation process, from idea collection to implementation. The goal of innovation management software is to accelerate and optimize the innovation process. This is achieved by creating transparency, promoting collaboration, and ensuring that the best ideas are identified and implemented.
By using innovation management software, companies can make the process of idea generation, evaluation, and implementation more efficient and structured. This allows for better visibility into potential innovations and facilitates decision-making processes.
The Foresight Strategy Cockpit offers advanced features such as real-time data integration, advanced visualization capabilities, and customizable evaluation criteria, in addition to the basic functions of innovation management software, setting it apart from other solutions.
An innovation is the introduction of something new. In the entrepreneurial context, this means above all the introduction of new processes, ideas, product development or even the design and establishment of a company network. There is more to innovation management than just a good idea - as the word suggests, management is a central factor when it comes to innovation. Innovation processes must not only be initiated, but also be monitored, evaluated and adapted. For all these activities, there are now sophisticated technologies that make everyday work in managing innovation significantly easier. Innovation management is one of the most demanding management tasks but it also offers the greatest potential - for a company can only grow if there is constant improvement. Innovation management is therefore primarily about steering the entire innovation process.
An innovation begins with the recognition of new trends and technologies as well by exploring new sources of ideas. These can be found in suggestions from customers, in the analysis of complaints, in new standards, in visits to trade fairs or in comments from suppliers and employees. On the basis of these findings, the idea generation phase begins. Here it makes sense to consolidate the information and make it accessible to all people involved. In this way, the ideas can be easily analysed, evaluated and prioritised, which significantly simplifies the innovation management process.
In the next phase, customer and expert opinions are obtained, an analysis of the market is carried out, information on suppliers and possible cooperation partners is collected and sometimes a first prototype is already implemented. Then it's onto the final development of a new product, the implementation of new strategies or the systematic introduction of new processes into the company's operations. Each of these stages in the innovation process has different requirements to ensure optimal fulfilment of the respective tasks. All innovation processes have one thing in common - they can not only be streamlined with the use of digital tools, but most importantly, they can be improved.
The importance of innovation management lies in the fact that it creates the necessary framework conditions for new and, above all, goal-oriented ideas to emerge in the first place. Management should establish a corporate culture that stimulates the innovation process and sees it as a core activity. Good innovation management requires a corporate culture in which both employees and management are open and receptive to innovations and new ideas.
Tools such as the Foresight Strategy Cockpit help to improve innovation management and therefore also the innovation process within an organisation. Through a modular and web-based system, it is easy to involve users in the development process. Appealing visualisation and a real-time replay of data, but also expert opinions, help to develop even better innovations. The appreciation of idea generators is a point that is often overlooked in innovation management. Such appreciation does not have to be in monetary terms. Instead, it is more about accepting suggestions and including them in the innovation process. Through the use of state-of-the-art innovation technologies, their inclusion can be ensured in a straightforward manner.
