Connecting the dots for the future at the Web Summit 2018

As we enter the final day here at the Web Summit Lisbon 2018, we’re still trying to digest all that’s happening. We’re overwhelmed to see the power of so many ideas in action, as start-ups, as well as established, well-known companies, reinvent ways of doing – including (proudly) many of our clients using Exago innovation software.

They are leading the way to transform how we work and live in ways we cannot fully grasp at the moment: from pharmaceuticals through to sustainable living, retail, music, banking, games and heavy industries. Some ideas and projects will fail, some will succeed. This is how innovation works. But you try, you learn and, either way, you help shape bits of the future.

We are around and connecting with business leaders to empower people within companies to build what’s coming next together. Get in touch to meet via the Web Summit app: Diana Carvalho and Andreia Dias.

Finalmente! Exago Start innovation software is now in Portuguese

Recently launched in English and Spanish, the Exago Start innovation software is now available in Portuguese as well. Adjusting configurations for the best results, the all-new edition helps you kick-start your corporate innovation programme easily, empowering your teams to innovate.

Now ready to be used by Portuguese speakers, Exago Start brings everyone on board your innovation challenges in the record time of one day. Your people can share ideas and insights and assess all ideas, having their voices heard while contributing to business goals.

With ready-to-go and field-tested features, this collaborative software ensures fast engagement and results, offering you guidance in every phase of the initiative.

If you are looking to get your innovation programme started but a push of confidence is welcome, test it yourself with a 30-day Free Trial. No obligations, no strings attached.

Happy 10th birthday, Exago!

In a historic building in Lisbon, overlooking the Tagus river, Exago celebrated its 10th anniversary on Friday, November 24. It was the perfect opportunity to bring together the people who are part of us and our history: our team (past and present), our clients and our partners.

We would like to thank all those who joined us in celebrating this milestone, which marks a decade of collaborative work to help businesses innovate, while engaging over one million users across the world to build their organisation’s future.

Here’s to another 10 years of making innovation happen!

When all roads lead to the Web Summit

As world-class speakers, innovative Fortune 500 companies and ground-breaking startups descended on Lisbon this week for the Web Summit 2017, we at Exago couldn’t miss the event Forbes called “the best technology conference on the planet”.

Since the opening on November 6, more than 60,000 entrepreneurs, investors, journalists and startups from over 170 countries have been networking, exchanging ideas and listening to the 1,200-plus speakers at Feira Internacional de Lisboa (FIL) and Altice Arena.

With all eyes on innovation, technology and Artificial Intelligence (AI) – highlights have included talking robots taking the stage and self-driving cars –, the opening night welcomed António Guterres, the Secretary-General of the United Nations, who highlighted the importance of making sure “innovation works for the good of humankind”.

The biggest surprise of the night was physicist Stephen Hawking, who delivered the keynote speech through live video. “The rise of AI could be the worst or the best thing that has happened for humanity,” he warned. Noting that robots are already threatening millions of jobs (confirmed by Sophia the Robot), he added: “Perhaps we should all stop for a moment and focus not only on making our AI better and more successful, but also on the benefit of humanity.”

What’s next
The Web Summit comes to a close today with speaker Al Gore, former US vice-president and Nobel Prize-winner, who has been extremely vocal in tackling climate change.

Created in Dublin in 2010, the Web Summit started as a vehicle to connect the technology community with all industries. The Web Summit 2018 will take place in Lisbon for the third time, from November 5 to 8.

KPMG’s survey reveals how collaboration is central to success

Exago has partnered with KPMG in Portugal to promote the first global ‘Innovation Survey’ to companies operating in the country. Survey findings show how companies that systematically pursue collaboration opportunities have a significantly higher rate of commercially successful product launches and nearly twice as much revenue growth.

Three hundred participants at the European level took part in the survey, 39 of which were from Portugal. Overall, KPMG’s analysis concluded that good innovators in organisations with a budget allocated to innovation strategy and an idea management solution in place also have the largest share of revenue coming from successful new products launched in the last three years.

The data reveals as well that investing in product development and enhancement impacts positively on revenue growth. Yet it’s interesting to see how companies that focus on innovation to find new sales channels and on customer experience and satisfaction improvement have benefited from even higher revenue growth rates in the last three years (> 5%).

However, where innovation is concerned, the journey for companies is still a long one. There is a lack of well-structured innovation management processes to stimulate it and a lack of experience, as the battle to recruit talented innovators is growing.

The survey includes an in-depth analysis and insights from KPMG’s global experts and Exago’s CEO on subjects such as:

  • How is idea management structured?
  • Why is collaboration needed?
  • Where do companies focus their efforts, how do they finance innovation and what are the companies’ challenges?
  • How are corporates responding to the drivers of innovation and positioning their strategies?
  • What separates good from bad innovators?

You can check out Portugal’s results here. A short summary is also available below in English.

 


KPMG INNOVATION SURVEY 2016 – EXECUTIVE SUMMARY

‘1. Collaboration is crucial to success
Companies that systemically search for collaboration opportunities secure a higher success rate for their products and almost double the increase in income.

2. The building of broader innovation skills demands a more complex transformation process
In spite of evidence that supports the focus on collaboration efforts, only a few companies enjoy effective collaboration, as it requires a complex transformation process at both a cultural and an operational level.

3. Business model innovation offers significant opportunities in a world dominated by innovative products
The main focus in all industries is product development and improved process development. However, the creation of new selling channels, alternative income models and the discovery of new or present needs might have the same level of impact as the innovation of the company’s main functions and the product itself.

4. The war for talented professionals is ongoing
Most of the time, the main challenge that companies face in terms of innovation is related to lack of people with the required competences and the necessary experience.

5. Fine innovators have an implemented innovation policy
Companies that have implemented process management and innovative governance models enjoy a high rate of success with their products and a significant share of their income comes from products launched in the past three years. However, only 16% of companies use this approach in the management of their innovation programmes.

6. In spite of the importance of commercial deadlines, the inability to meet deadlines is where most projects fail
Meeting deadlines in the project’s chronogram is the main challenge of ongoing projects, with about 30% of projects falling behind schedule. The speed of commercialisation is particularly important as it can generate a competitive advantage.

7. Collaboration is anchored to your comfort zone
Research and Development (R&D) collaborations are particularly important, even if companies often find themselves limited to only business partners. Collaboration with universities, start-ups and incubators is much less common. Different kinds of collaboration partners have different strong points and contribute with different skills and resources. For that reason, diversifying collaboration partners offers more opportunities than maintaining a single collaboration with only one type of partner’.