What is Innovation Lab
In today's dynamic and globalized markets, the ability of continuously innovate and develop new products has become crucial for many companies. Researchers could show that – among others – a structured process and the availability of information act as key factors for successful product innovation.
Innovation Lab is a web based portal which helps to manage innovation. The package includes idea-management, product definition and selection, strategic innovation controlling and a network to track environmental information, such as technologies, markets, or clients.
Innovation is an interdisciplinary process, especially in its early phases. With respect to this, the ILab concept addresses four major fields of action:
- Innovation Strategy
- Innovation Environment
- Product Definition
Each of these fields contains a set of modules or tools, which interact with typical information and guides through typical tasks in this filed. Currently a basic set of such modules is given. In future, they should be further developed and enhanced by the community, based on their needs.
A flexible data model and architecture make sure, that the process is always based on the companies idea of an innovation process and does not restrict them in their way to manage innovation.