Idea Market 3.5 release helps you see clearer ahead

Exago’s 3.5 release comes with a new contextual navigation feature. It is designed to keep participants context-centred, helping them know exactly where they are, at all times, and where they can head to next.

Upon landing on the platform’s homepage, users see active challenges inviting them to share ideas, make comments and explore all related content and information, with little effort and higher effectiveness. Users can also scan through a new challenges page showing all active challenges and offering a complete perspective on their company’s priorities.

On each challenge page, navigation has also been made more intuitive and comprehensive, with a new bar displaying the challenge’s status, total number of ideas under evaluation and the latest insights on that challenge. The new navigation bar lets participants move across the different phases of the challenge, guided by new mouse-hover tooltips.

The new ‘Ideas’ menu also focuses users on idea navigation, allowing them to access and discover all idea pipelines immediately and track ideas progressing through them.

The previous navigation method was fast and comprehensive, but this extra layer increases navigation granularity and transparency, which our clients have asked for. Mission accomplished!

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Check out what else is new:
Exago’s brand new 3.5 release is out, and it’s more flexible than ever

What we’ve learned about the idea management challenge

The clock is ticking. Most managers (86%, to be precise) believe transformation in their companies is imperative to guarantee unrelenting success, according to the Oracle and Forbes report, Making the Change: Planning, Executing and Measuring a Successful Business Transformation. However, one in five companies has failed in its innovation attempts, and three in five have not yet made any effort in this area.

Developing sustainable innovation capabilities is the only way for companies to stay in the race. Indeed, idea management software – functioning as an idea market – has proven to be highly effective at unleashing your people’s hidden innovation potential. Nevertheless, technology doesn’t work alone.

You thus have to develop an innovation programme that engages each person, promoting his or her participation over time. Your programme needs to collect everyone’s insights and experience efficiently, promoting a collaborative environment – where ideas are discussed and enriched – and focusing on generating answers in the form of actionable ideas and projects.

To sum up, you have to gear your efforts to generate three key success factors – developing a process that is highly engaging, highly efficient and sustainable over time. The creation of an inclusive culture capable of continuously transforming your best ideas into real value is, at the end of the day, the ultimate reward for any innovation manager.

Can you master the 3 key success factors of innovation management?

Pedro do Carmo Costa, Exago’s director and co-founder

Exago featured in Gartner’s ‘Market Guide for Innovation Management’

Gartner’s 2016 ‘Market Guide for Innovation Management’ features Exago as one of the companies with more traction and visibility in the innovation management industry. The guide – put out by the world’s leading information technology research and advisory company – includes ‘the most important trends and profiles representative vendors’, as well as relevant market directions and recommendations.

Confirming that innovation contributes to business success, ‘which in turn is stimulating interest in innovation management products’, Gartner’s guide offers the most complete data collection and insightful market analysis for both industry members and prospective innovation software buyers.

The document explains how, ‘in the past 12 months, Exago has revamped its product user interface and administrator back-office usability, extended its workflow capabilities, and made available more traditional idea evaluation methods, such as rating in multiple dimensions.’ Exago was already referenced in the guide’s previous edition.

Register for access to the guide here.

‘Et maintenant’, Exago’s idea management software is available in French

With a new French version, Exago’s Idea Market is, as of March, available in eight language options. This newest translation eases the adoption of the idea management software by two new clients headquartered in France and in Quebec, Canada, as their teams can now navigate the platform in these countries’ mother tongue.

Idea Market is thus being used in French, English, Spanish, Italian, Russian, Romanian, Portuguese and Brazilian Portuguese versions – mobilising thousands of people, in 10 sectors and four continents, to take part in their organisations’ innovation and business evolution challenges. Integration with Google Translate API also allows Exago’s multinational customers, who use the platform in several other languages, to have immediate content translation, promoting their teams’ collaboration across countries and cultures.

Each employee in these companies can share his or her expertise and opinions by submitting corporate-related ideas and insights and collaboratively evaluating everyone’s contributions. Exago’s platform market mechanism activates and gathers companies’ collective intelligence, to find the ideas the ‘crowd’ considers of most value to these organisations, all in a highly engaging and efficient way.

The first of 3 key success factors of innovation management

At Exago, we’ve worked with extraordinary clients, such as Fleury and others from pharmaceutical, banking, utilities and telecommunications industries – across four continents – to help them mobilise targeted communities to solve key business problems by learning from them and with them.

In this process, we’ve thoroughly examined each crucial element, testing and developing the best practices and solutions to make each innovation programme succeed. And, we can proudly say, we do it every time. Our success, our client’s report, is achieved by a combination of technologies and best practices focused on addressing each of these key success factors:

This is the emotional commitment made to your company and its objectives. It only comes when the people that make up your organisation believe they can have an impact on its ability to provide value and have a stake in the value produced.

First, we recommend you establish specific and relevant challenges. People must identify with these, and you need to align them with your business or strategic challenges. Remember to consider and capture your different stakeholders’ profiles. Give them the chance to contribute, not only with ideas but also with assessments of others’ ideas, and to activate the platform’s social components, such as leaderboards.

Platform accessibility and usability must be improved and game techniques used to make participation fun and continuous, developing more use and loyalty. Gamification, in particular, can play a leading role in motivating people and compelling them to jump in and bring value to your initiatives.

You also need to draw up a productive and appealing incentive plan – including prizes and recognition – and a strong, effective communication plan to guarantee community awareness, maximise participation and foster collaboration. The more individuals see the success of projects to which they’ve contributed, the more likely they are to continue to be mobilised.

The 2nd key success factor of innovation management

Can you master the 3 key success factors of innovation management?

Pedro do Carmo Costa, Exago’s director and co-founder