Exago’s 3.5 Idea Market release has arrived, offering a flexible workflow that fits your company’s reality and innovation programme. Answering clients’ identified needs, we continue the evolution path: 3.5 offers significant workflow options to meet your specific idea management process.
If your initiative requires a simpler idea selection funnel and minimal hierarchical and organisational procedures, you can pick a basic idea workflow with only three phases: idea submission, collaborative evaluation and final appreciation and implementation. But, if you need a more complex corporate and hierarchical evaluation processes to handle higher volumes of ideas through additional gates, while ensuring a more accurate idea filter, we can also easily set this up for you.
Our solution adapts to your company’s innovation processes, increasing the overall ease of the idea management process.
And there’s more soon to be unveiled. Do you want to get a preview? Contact our innovation experts at firstname.lastname@example.org.
Stars, likes, investments – pick what suits you best
Take a look…at the new look
Idea Market 3.5 release helps you see clearer ahead
Challenge configuration has never been this easy
Last, but not the least, Idea Market 3.5 smooths managers work
A great step up in usability and design; Exago’s new release revolutionizes how users experience the entire process of participating and creating value. Our design looks cleaner, with smoother transitions between different areas. It promotes more creativity and deeper analysis, whenever participants generate content.
An entirely new approach to content-centric discovery makes finding specific content that much easier. In this highly intuitive navigation system, using search and tag filtering, all elements pop up quickly, while trending tags allow users to explore freely along new pathways.
We have added a unified section for creating content—visible at all times in a tab and dedicated to ideas and insights. Our module for idea management integrates all insight creation, increasing the available information and promoting knowledge sharing amongst participants. Managers can also associate insights with multiple challenges, inspiring participants to generate increasingly valuable ideas.
In navigation and usability, dozens of adjustments — including different levels of tabs — allow easy access to the most relevant platform areas at any time:
- Challenges stand out as the central concept of the platform, linked to every other type of content and all process information.
- Much more detailed and based on O-Data reports, reporting now offers system administrators all relevant information needed for analysis.
- Last, but not least, participants can directly translate the content they generate, using integrated Google translation tools.
In essence, Exago’s new release makes life easier for participants. It incentivizes users to participate with more valuable and informed content. Our more user-centric approach enables administrators to analyze activity more deeply, reconfigure at will, and update communication plans — maximizing performance and bottom-line results.
Not merely a touch-up job, the Spring 2014 release offers a complete makeover that gives our users a state-of-the-art experience in innovation management.
Exago has recently begun working with Russlavbank, one of the foremost Russian retail banks. This prestigious organization was attracted to Idea Market’s ability to build an innovation culture that strives for the creation of new ideas while simultaneously increasing employee engagement. To Russlavbank collaborative innovation is a logical way to change daily working routines while creating value to the company through employee engagement.
This is the first time Exago’s platform has been offered in a different alphabet. Translation expertise was facilitated by Trustcom.
Exago’s drive for constant improvement ensures that platform updates are continually rolled out. Recently, Idea Market has had some updates aimed to prevent opportunistic and manipulative behavior.
This update limits the way participants invest in their own ideas. They may do so, but only up to a certain percentage of the total investments. This prevents individuals with more credits from biasing results in an unfair manner. While Exago strives for diversity of opinion – the cornerstone of crowdsourcing – an idea is only approved if a certain number of participants have discussed or invested in it. Naturally it is essential that a variety of people participate, not just an individual with large amounts of currency.
Note that in Idea Market each idea is created anonymously. While this provides freedom from social influences it can allow a certain amount of manipulation to occur, hence the new constraint on the percentage of credits that may be invested. Regarding anonymous idea creation, since some participants have access to more information (such as board members) they may be able to communicate more effectively. If anonymity is ensured this flow of information into the market may be positive, otherwise it may be the Exago Idea Market equivalent of insider trading. As such participants are held as equal individuals with no distinction between ranks. Everyone is pursuing a common goal – innovative solutions that bring value to the company.
This latest release brings a new look and feel to Idea Market. With a more interactive homepage, tags, user uploads, and more, we’ve increased the capabilities of the platform.
The new homepage will allow users to easily monitor activity and news. There is now an Interactive Challenges slider which allows users to immediately view or create ideas for a specific challenge. Users will also find an indicator which shows the ideas they’re actively participating in through the new Ideas in Market section.
Tags have been introduced to allow the categorization of ideas. This will make it easier for users to find specific subjects and will no doubt prove to be helpful during the validation process.
Another important enhancement is that user upload can now be made by the client, increasing its autonomy concerning platform administration.
New feeds of market and user activity along with a list of top users and a catalogue of prizes are other features found in this release.