• How do leading companies manage and operate their labs and what impact does that have on their business? Please share your thoughts in our short Chemical Lab Digitalization Survey.Tech-Clarity invites you to join a research study on best practices in lab management. If you've already completed the survey  –> please share with a colleague or you social media friends using the “Share/Save” buttons above. If you haven’t taken the survey  –> please: Take the survey nowComplete the survey and receive a free copy of the final report.In addition,  25 eligible* respondents will … [ read more ]

    Chemical Lab Digitalization (survey invitation)
  • Please join Airbus Helicopters’ Nicolas De Mauroy, PTC's Service Practice Lead Keith Garguilo, and Tech-Clarity's Michelle Boucher,  on Tuesday November 14, 2017 at either 8:00 EST or 2:00 EST to learn how to improve the quality of the information made to service technicians by using the engineering BOM to produce the service BOM. By attending this webinar, you will learn about:The capabilities needed to transform EBOMs into SBOMs. Service BOMs’ impact on field service productivity and service supply chain effectiveness. How Airbus used SBOMs to apply full-circle product lifecycle management … [ read more ]

    BOM Transformation: How to Bring Service in to the Product Lifecycle (webcast)
  • Close the Engineering Skills Gap:Prepare New Graduates to Be Real-World Ready shares new research on the gap between the skills graduating engineers have and skills companies would like to see. The research examines the evolving needs of the engineering department. The results reveal that engineering departments expect to grow so we will need more engineers. On top of that, the required skills will also expand. Complicating the situation, as the most experienced engineers approach retirement age, companies must figure out how to replace that knowledge. This makes the skills of new engineers especially … [ read more ]

    Close the Engineering Skills Gap (survey findings)
  • This infographic shares our research on how Top Performing companies achieve better NPDI performance than their competitors, excelling at revenue growth, margin expansion, and delivering innovative products. The infographic starts by providing a graphical view of the unfortunate truth about new product development, companies miss their quality, cost, requirements, regulatory compliance, project budget, and time to market targets far too often. The graphic shares perspectives from our research.The piece is an Autodesk infographic leveraging data from our 7 Ways to Outperform Your Competitors in … [ read more ]

    How to Beat Your Competition in Product Development (infographic)
  • Tech-Clarity's Jim Brown hosted a panel discussion at the recent Dassault Systèmes 3DEXPERIENCE Forum in Florida. The participants shared their perspectives on the cloud and their experience moving PLM to the cloud using the 3DEXPERIENCE Platform. Participants include:Kavi Parupally, Senior Director of Business Apps, Rockwell Collins Javier Glatt, CEO, CADMakers, Inc. Jeff Walters, VP Engineering, Globe Trailershttps://youtu.be/qqjE-ZtJOKc … [ read more ]

    Accelerating your Business & Reducing Complexity with the Cloud (panel discussion)

Top 5 Misconceptions about Innovation Management Software



Tech-Clarity Insight – Top 5 Misconceptions about Innovation Management Software – Busting Myths to Improve Innovation, Time to Market, and Profitability discusses common misconceptions related to innovation, ideation, portfolio management, and project management software suites. These myths cause confusion and prevent companies from moving forward with important process improvements that innovation management software enables.

Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration required). For the full report, please visit the Planview website (free or charge, registration required).

Table of Contents

  • Executive Overview
  • Why Innovate?
  • Why Enable Innovation?
  • The Five Myths about Innovation Management Software
  • Myth 1 – Process and Software Will Stifle Innovation
  • Myth 2 – Innovation Begins and Ends with an Idea
  • Myth 3 – PPM is Only for New Products
  • Myth 4 – Innovation Management Software Will Slow Us Down
  • Myth 5 – We Don’t Have Time and Resources to Implement
  • Getting Started, Practical First Steps
  • Conclusion
  • Recommendations
  • About the Author

Executive Overview

Product innovation is critical to differentiate and remain competitive in today’s fast-paced, global markets. Bolstering innovation to a core competency helps manufacturers drive higher revenue, lower cost, and mitigate risk. So why is it so hard for companies to improve innovation performance and drive meaningful business value?

Innovation management software helps drive this new business value. Enabling technology helps companies improve agility, productivity, and time to market by improving decision-making, visibility, and commercialization efficiency across the product lifecycle. “I am a huge proponent of tools that help innovation,” explains Erik Greenfield, Senior Director of Program Management at Immucor. “They are cost effective and help improve time to market.” The benefits available are compelling. As Tech-Clarity’s The ROI of Product Portfolio Management explains, the financial value comes from “a combination of increased revenue from higher sales volume and margin lift alongside reduced costs from better resource utilization, avoiding spending on low-value projects, and improved efficiency.”

Despite the proven value of innovation management software, companies are often held back due to misconceptions. Tech-Clarity has identified five common myths that prevent or slow companies from using software technology to improve innovation performance:

  • Process and software will stifle innovation
  • Innovation begins and ends with an idea
  • Product portfolio management (PPM) is only for new products
  • Innovation management software will slow us down
  • We don’t have the time and resources to implement a system

Clearing up these misconceptions allows manufacturers to put their innovation strategy into action. This paper offers insight to debunk these myths and offers practical advice on how to start improving innovation through enabling technology.




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