• Five Ways Shape Search Drives Business Value shares the shortcomings of traditional search methodologies and how geometric search can complement them to drive new business value. The report includes some basics about shape search, five tangible ways it can improve business performance, and an example of how to calculate the ROI of a shape search investment.Please enjoy the summary below, or click the report or title to view the full PDF courtesy of our sponsor Siemens PLM (free of charge, no registration required).For more information, please visit the Siemens PLM Community blog to read the Shape … [ read more ]

    Five Ways Shape Search Drives Business Value (eBook)
  • Jim Brown contributed a guest post to the Siemens PLM Community blog discussing how R&D in the food and beverage industry can step up to the digital age to combat smaller, innovative companies that embrace the digital enterprise. This is the first of several posts that drill down on Surviving the New Competitive Landscape in Food and Beverage, a post that shares three ways that consumer packaged goods (CPG) companies can start their digitalization journey and discusses how that can help them avoid industry disruption.The first opportunity we're looking into is how the digital enterprise can improve … [ read more ]

    R&D Enters the Digital Age (guest post)
  • Please join Tech-Clarity's Michelle Boucher, Mark Turner from Alcon Labs, and Swapan Jha from PTC on Tuesday September 12, 2017 for a discussion on the right software solution for medical device engineering. The discussion will feature an interactive discussion between the panelists coving topics such as:Challenges facing medical device manufacturers. Why to consider the complete product lifecycle with respect to:Managing product and requirements. Transitioning from document to product centric approaches. Enabling smart and connected products.The best selection criteria for … [ read more ]

    Selecting the Right PLM Software for Medical Device Engineering (webcast)
  • Jim Brown contributed a guest post to the Siemens PLM Community blog discussing the opportunity for food and beverage companies to leverage digitalization and the digital enterprise to combat market disruption from new, innovate companies that are challenging current industry leaders. The post offers several ways that consumer packaged goods (CPG) companies can get started on their digital journey, achieve tangible business value, and combat challengers like Blue Apron and Amazon Fresh that are disrupting the status quo.The full post, Surviving the New Competitive Landscape in Food and Beverage, can be … [ read more ]

    Digitalization in Food and Beverage (guest post)
  • Dassault Systèmes continues to make significant progress on the 3DExperience vision they laid out 5 years ago. This strategy has seen them transform from a software vendor offering distinct solutions for a variety of functional areas to a company that leads with a strong business transformation message backed up by a platform of solutions. I dropped "PLM" from the title of last year's strategy review. I feel even better about that decision a year later. They now have a broad software suite brought to market as solutions tailored to support key initiatives in the vertical industries they serve. As times goes … [ read more ]

    Dassault Systèmes Strategy 2017+

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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