What is Idea Management Software?
Idea management software is technology that helps organizations of all sizes gather ideas, identify the best ones and bring them to life. Companies can smooth the road to market by improving process definition, workflow, project team structure, and related device development practices using idea management software.
How does idea management software work?
The path to successful product development for companies is replete with roadblocks. Many of these companies recognize the need to re-evaluate their current processes and implement a development approach that meets the requirements for both design control and a fast flow of successful new ideas. Yet more than half of the firms interviewed in a recent study conducted admitted they were falling short of their new product development (NPD) success goals. Idea management software by IdeaScale can help smooth this idea management process by collecting feedback from your customers directly, because it allows firms to complete all of the essential tasks for gathering, identifying, and delivering on great ideas directly within the tool.
To begin with, administrators launch an IdeaScale community and ask for new product ideas (or new process ideas for a business) and allow community participants to comment and vote on the ideas of others. As the best ideas emerge through a number of different criteria (including voting and tagging and idea flagging), teams and community members help to develop the original idea and build proposals that become a more robust business pitch. These pitches are then put through an evaluation process that assesses their value against weighted business goals and resources so that the ideas with the highest level of ROI are then introduced into the organization’s ecosystem. This process often becomes the new product development roadmap for organizations that want to build new features for existing products and wholly new offerings that were previously untested.