Business Intelligence Software fosters enterprise innovation via social networking.April 23, 2009 -
InnovationSpigit v2.0 allows employees to contribute ideas, offer feedback, and evaluate concepts to generate ideas and help with decision making. Configurable dashboard tracks and reports on metrics for more than 1 million variables. Included are collaboration tools such as idea category sorting, discussion forums, wikis, blogs, posts, reviews, and approvals to optimize use of existing and new expertise. It also utilizes surveys, polls, contests, and challenges.
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Original Press release
spigit, Inc.
311 Ray St.
Pleasanton, CA, 94566
USA
InnovationSpigit 2.0 Transforms Idea Data into Profitable Innovation
Employee-driven idea platform that goes beyond information gathering to real time decision making and meaningful prediction
PLEASANTON, Calif., April 8 / / - Spigit, the leader in social idea management software for the enterprise, today announced the launch of InnovationSpigit 2.0, the first innovation management platform designed to help nurture enterprise innovation with a complete social networking-style community environment. With InnovationSpigit 2.0, employees across the enterprise can contribute ideas, offer feedback and evaluate concepts to help streamline idea generation and reveal actionable intelligence that fosters more effective and efficient decision making.
"Traditional innovation programs typically rely solely on an appointed R&D team, a practice that frequently leaves good ideas undiscovered, locked away in the minds of employees who are not invited to be part of the process," said Paul Pluschkell, CEO and founder of Spigit. "InnovationSpigit enables enterprise decision-makers to tap into these undiscovered idea reserves with an interactive platform that fosters innovation communities, allowing employees from across the organization to contribute, rate and help advance ideas, and even get rewarded for their efforts."
Innovation through Collaboration
InnovationSpigit 2.0 provides a dynamic, interactive and multimedia rich community that offers a fun and collaborative environment to encourage employees to share ideas. The platform employs game-theory reputation and ranking, currency and asset management, trading markets and incentive and rewards modules to encourage participation among employees. The system may be expanded to solicit input from customers and suppliers as well.
For decision makers, InnovationSpigit employs proprietary advanced algorithms and a configurable enterprise dashboard to track and report on metrics for more than one million variables. This customizable back-end reporting structure creates actionable intelligence from raw data that:
- reduces the lifecycle for identification, selection and implementation
of new initiatives;
- provides valuable insight into the likelihood of success of an idea by
simulating its value based on hundreds of configurable dynamic events;
- increases the return on investment for innovation;
- identifies key contributors based on skill set and area of interest
for matching with new initiatives.
Community-Style Features Render Bottom Line Growth
InnovationSpigit 2.0 leverages popular social-media style features to increase R&D efficiency, improve employee moral and increase loyalty, including:
- Collaboration tools such as idea category sorting, discussion forums,
wikis, blogs, posts, reviews, and approvals to leverage existing
expertise and identify new expertise.
- Automated idea graduation, reviews and ratings to automatically filter
out noise, identify and extract the ideas most relevant to your
business requirements, and allow the best ideas to rise to the top
- Reputation and idea ranking to identify and engage experts throughout
the enterprise, foster efficient problem resolution and the adoption
of new ideas.
- Advanced administration and metrics to customize the platform to meet
specific needs and better identify and measure community value.
- Currency management modules to recognize and reward the best
contributors, providing a fun and rewarding incentive to return and
utilize the system in depth.
- Surveys, polls, contests and challenges to quickly engage innovation
communities, gather opinions and drive participation.
"By coordinating the idea generation process, decision makers are able to cut through the clutter to extract critical ideas and discover experts in places where they may have least expected them," Pluschkell said. "Fostering a culture of innovation allows companies to systematically gain insight into the potential for success or failure of an initiative. Early detection of possible failures early can be just as critical as harnessing new opportunities."
InnovationSpigit 2.0 is available in multiple deployment options - subscription, perpetual and hosted service - ideally suited for any size innovation-driven business, including pharmaceuticals, biomedical and life science companies, media outlets, hi-tech product development, retail and brand management, and financial and other professional service firms.
Spigit's award-winning innovation solutions are already in use by several Fortune 200 companies and other well-known brands at the forefront of innovation, including IBM, Sun Microsystems, Intel, WebEx, Southwest Airlines and Choice Hotels International. The company was recently nominated for InnovationWeek's 2009 Top 50 Startups.
For more information about InnovationSpigit 2.0, visit www.spigit.com.
About Spigit
Spigit is the leading developer of social productivity software for enterprises determined to drive innovation and empower decision makers. Spigit's product offerings range from the intra-enterprise InnovationSpigit(TM) to its customer-facing IdeaSpigit solutions. Spigit currently powers innovation projects at numerous Fortune 500 companies and has been named Best of Software Interop 2008 and is listed on the AlwaysOn Global 250 list, the power list of the top 250 private global technology companies. For more information, visit www.spigit.com.
Source: Spigit
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