Innovation

Organizations often think that innovation comes from external breakthroughs or new technology. Sometimes, the most transformative ideas spring from within. We’ll uncover six internal sources of innovation that every organization can tap into. Read on to discover the hidden power within your organization!

Every few years, Gartner resets the conversation on what innovation management platforms should deliver. Their latest Market Guide for Innovation Management Platforms makes some exciting predictions about increasing demand and new capabilities.

Innovation leaders want to understand how trends and disruptions will affect their organizations in the future. Trendspotting provides a structured way to scan external forces, anticipate change, and adapt before competitors do.  The challenge, however, lies in finding a way to effectively process and act upon the vast amounts of information feeding into through trendspotting.

Everyone knows the saying about asking for faster horses instead of imagining the car. The example is often used to document that asking consumers might be misleading. Yet, it also demonstrates the importance of uncovering the real needs. This principle is central to the jobs to be done theory, where innovation begins with understanding the

Only 56% of R&D projects are completed on time and within budget. Delays and overruns often stem from unclear priorities, shifting objectives, and poor alignment between strategy and execution.

More than 90% of new products fail because they launch without validating real customer needs. In R&D and complex product development, the cost of getting it wrong is even higher. That’s why leading companies now use minimum viable products to scale faster and iterate more precisely based on the learnings.

From BMW’s sustainability hackathons to NASA’s crowdsourced space exploration solutions and Unilever’s open innovation calls, each serves as an example of how idea challenges have fueled real-world breakthroughs. Whether inviting global talent, mobilizing internal teams, or partnering with universities, these diverse formats show how structured ideation can deliver measurable impact and accelerate innovation across industries. This