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Transform Product Ideas into Successful Investments with Oracle Innovation Management
Innovation is a top priority for progressive chief executive officers who consider new products the best way to generate revenue growth and stay competitive. But to succeed, innovation must become a systematic process that's tightly linked with other critical operational activities, including portfolio management and product development.
Now innovative organizations have a new resource to help ensure success. Oracle Innovation Management, the latest addition to Oracle's product value chain solutions, helps organizations increase revenue growth from new products and achieve a competitive advantage by selecting the right ideas for new investments.
"Product innovation is too critical a business process to be left to spreadsheets and PowerPoints, and to remain disconnected from the rest of the product value chain," says Jon Chorley, Oracle chief strategy officer and group vice president, SCM and product lifecycle management product strategy. "By providing a highly usable but systematic approach to managing product innovation, Oracle Innovation Management can accelerate the transformation of the best ideas into profitable products, and deliver against your corporate product innovation strategy."
With Oracle Innovation Management organizations can
- Build an innovation pipeline that is fueled by a steady stream of high-value ideas, including input from customers, flowing into the product development process
- Determine the best opportunities to commercialize, by analyzing the impact of alternate investment scenarios against revenue, cost, and profit objectives, as well as resources constraints
- Develop product requirements that translate ideas into concepts and products that will achieve stated success criteria
- Create product concepts and alternative approaches to meeting product requirements and analyze these against product supply chain and cost metrics
- Increase productivity and reduce product development costs through a strategic focus on fewer, better products that align with business growth strategies
To complete the product innovation process, Oracle Innovation Management integrates with Oracle's Agile Product Lifecycle Management applications, which streamline the process of moving concepts to the release-to-manufacturing stage, while maintaining full visibility into project status.
Read Oracle's announcement of Oracle Innovation Management. Also, listen to an Oracle AppCast and download an executive brief. In addition, be sure to visit
Oracle's web page devoted to innovation management.