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InnoFlux- Corporate Presentation.

InnoFlux- Corporate Presentation.

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  • 1. “INNOFLUX” …Democratizing Innovation Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 1 of 16
  • 2. Agenda • The objective of this session is to demonstrate “Innoflux” as an Idea Management and Innovation fostering tool. • What we Should Cover:  Why Innovation is Imperative  Approaches to Innovation  Definition: Idea Management  Why Manage Ideas  Features: “Innoflux”  Benefits  Why Us? • Expected outcome is an invitation to an RFP Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 2 of 16
  • 3. Why Innovation is Imperative??? • Innovative companies generate 4x more profit (PwC) • Innovative companies experience faster growth in market capitalization (E&Y) • Every $1 of R & D investment yields $18.70 in sales (US Dept of Commerce) • 86% of CEOs say innovation is a “top priority” (Trendsetter Barometer) Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 3 of 16
  • 4. Approaches to Innovation • Brainstorming (in a room) • Suggestion Box • Marketing Research • Lead User Approach • Centralized Idea Management Systems Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 4 of 16
  • 5. Idea Management?  The process of Generation, Review, Evaluation, Shortlisting and Selection of IDEAS  Managing the Fuzzy Front End of Innovation  A goal oriented & strategy driven process. … Leading to Disruptive/ Incremental Innovation !!! Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 5 of 16
  • 6. Without Idea Management Vicious circle of ad-hoc “Suggestions” schemes Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 6 of 16
  • 7. With Idea Management Virtuous circle of Systematic Idea Management Process Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 7 of 16
  • 8. What is InnoFlux “InnoFlux” is – A workflow enabled Idea Management and Open Innovation portal – A tool for Democratizing Innovation – Based on an accepted model to manage the “fuzzy” front-end to product and service development It also facilitates the involvement of external partners in the organizational innovation process and thus promotes innovation from “everywhere and anywhere” Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 8 of 16
  • 9. InnoFlux - Benefits • Business Benefits  Setting formal ideation process leading to -  Cost savings by process improvements  New products/ services development thus new revenue sources  Improvement of existing products/ services  An innovation driven corporate culture  Dissemination of cross-functional and cross-organization opportunities  Enable corporate-wide and business unit innovation activities  Involve external entities (customers, vendors, suppliers etc) in product development and process improvement Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 9 of 16
  • 10. InnoFlux – Benefits Contd… •Strategic  Align Open Innovation with Corporate Strategy  Develop pipeline of revenue generating ideas  Understanding where the ideas contributing to revenues comes from  Set KRAs to generate ideas  Competitive Advantage  Sucession Planning  Identify ideation challenges for each strategic arena Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 10 of 16
  • 11. InnoFlux – Benefits Contd.. • Financial  Generating additional revenues for products/services already in the market and increase uptake of launch products/services  Significant ROI from investment in the process and implementation of top ideas • Other Benefits  Idea management even across geographically dispersed groups  Corporate culture, employee morale, feeling of making a contribution  Reduce employee attrition that happens due to lack of opportunities.  Spot Multi-Talented People Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 11 of 16
  • 12. Features-”Innoflux” • Comprehensive Dashboard (all relevant information at single page) • Interactive Idea Sharing • Peer Review & Rating of Ideas • Active Discussion Boards • Whiteboards (for brainstorming on a topic) • Collaborative Ideation • Challenges (to seek ideas in a given area) • Workflows & approval process • Configurable Idea Categories • Filtering & Funneling of Ideas at every hierarchy level • Establishing Idea relationships • Manager review based on comprehensive evaluation criterion/ parameters • Manage Idea Portfolio by converting viable ideas into projects and allocating resources Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 12 of 16
  • 13. Ideation Process @ InnoFlux “You need to kiss a lot of toads to get a princess”. Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 13 of 16
  • 14. Why Us • Comprehensive Idea Management Solution (details in ‘Features’ section) • Flexibility (customization based on your Organizational Hierarchy & Needs) • User Friendly Interface • Upgrades every 3 months’ • 24/7 Support (just a call away) • Experienced Team • Regular Data Backups Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 14 of 16
  • 15. Contact Details Santosh Verma VP, Marketing & Business Development I-Cube Systems (P) Ltd. www.iqbsys.com santosh.verma@iqbsys.com +91 11 26014147 (O) +91 8010363332 (M, New Delhi) +91 9535231937 (M, Bangalore) Skype: santosh.verma7 Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd. All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd. Slide 15 of 16