Top Software Picks & Reviews

Software Development

Top 5 Innovation Management Software Of 2023

By TechDogs Editorial Team

Overall Rating

Overview

As the famous innovator, Steve Jobs, said, "Innovation is the ability to see change as an opportunity - not a threat.”

Innovation makes businesses future-ready and helps them add value to their customers' lives. For example, two decades ago, the banking processes were prone to mistakes as there were few systems to correct manual errors. In contrast, we can do almost everything with a few clicks and taps on your smartphone! Is it possible to bring this kind of accessibility without innovation? We think not!

Who brought the innovation we see in banking, FMCG, retail or many other sectors? What helps businesses keep their innovative ideas coming and execute them seamlessly? It is Innovation Management Software! (Quite an innovation in itself!)

So, what are the top 5 Innovation Management Software available in 2023? Read on!

Do you know Peter Thiel, an entrepreneur and author of the book titled, 'Zero to One?’

In the book, he sets a roadmap and equips a startup enthusiast with the necessary knowledge to build a successful startup. Wouldn't it be amazing to have software to manage knowledge and ideas? Well! Innovation Management Software also equips enterprises with tools, solutions and platforms to manage and implement their innovative ideas.

We love how Peter Theil came up with the idea to equip startup enthusiasts with the proper knowledge to build a startup. Unfortunately, they can only go so far just with knowledge. One needs practical experience – a set of tools, technology and platforms that help them innovate and drive business growth. This is where Innovation Management Software comes into the picture!

Innovation Management Software is a suite of digital tools and platforms enabling organizations to systematically capture, evaluate and implement ideas to foster innovation, enhance creativity and drive business growth. These solutions typically offer features such as idea generation, collaboration, project management, analytics and reporting, providing a centralized hub to manage the innovation lifecycle and empower teams to innovate effectively.

In this article, we are going to explore the top 5 Innovation Management Software of 2023!

Top 5 Innovation Management Software Of 2023

There are many Innovation Management Software on the market and choosing the best one can be daunting. Don't worry! We've found the top 5 Innovation Management Software to help you ideate, innovate and grow your business manyfold.

So, without further ado, let's learn about them – in random order.

Qmarkets	IdeaScale	Brightidea
Ideawake	Planview IdeaPlace

Tool 1: Qmarkets

Qmarkets is a veteran Innovation Management Software. Founded in 2006 and headquartered in Kfar, Israel, Qmarkets has become a leading provider of Innovation Management Software, serving global brands like Nestlé, Ford, Lufthansa and Philip Morris International. Moreover, Qmarkets has also won awards like the 2020 IT Europa Innovation Award in the category of Vertical Application Solution and Capterra's Best Value for Money Award 2020.

Source

What's more? Being one of the best Innovation Management Software in the market, Qmarkets offers many benefits to businesses such as the ability to capture, evaluate and implement innovative ideas. Qmarkets provides a comprehensive suite of tools and features to support the entire innovation lifecycle. It covers idea generation, collaboration, evaluation, implementation and tracking of innovation initiatives, all within a single platform!

That's not all! Qmarkets knows how to keep the party going with its scalability and customization options, ensuring a perfect fit for businesses of all shapes and sizes. The best part? It's as user-friendly as a friendly neighborhood wizard, easily guiding you through its enchanting interface. Don't worry; the fun doesn't stop there; as Qmarkets brings the power of automation to the stage, streamlining your innovation process becomes a breeze. Plus, it's magical analytics and reporting help unravel the mysteries of your data-driven journey like a true sorcerer. Step up and let Qmarkets sprinkle magic into your business!

What You'll Love: Offers telephonic support, Suited for SMEs and SMBs, No-code platform, Advance data security, User authorization and access control.

Tool 2: IdeaScale

IdeaScale is a prominent Innovation Management Software company headquartered in San Francisco, United States. It was founded in 2008. Since its inception, IdeaScale has been catering services to companies like Disney, NASA, Coca-Cola and Toyota to tap into the collective intelligence of their stakeholders, fostering innovation and crowdsourced ideation. Moreover, it has won the prestigious 2020 G2 Crowd Best Software Awards!

Source

IdeaScale brings facilities such as transparency and data-driven decision-making abilities, like having a crystal ball that reveals the secrets of the idea pipeline. Furthermore, it offers real-time insights, guiding your organization toward greatness with data-backed decisions.

Let's not forget the customization and flexibility that IdeaScale offers! It enables you to transform it into your innovation carnival tailored to your unique needs. Plus, with IdeaScale's integration capabilities, you'll witness a seamless fusion of new ideas and existing systems, creating a harmonious act that enhances your workflows and leave your admirers in awe of your innovative skills!

What You'll Love: Customization possible, Hassle-free implementation, Integrated APIs, Advanced analytical capabilities, Comprehensive dashboard.

Tool 3: Brightidea

Brightidea is a market leader in the Innovation Management Software category. Founded in 1999 and headquartered in San Francisco, United States, Brightidea is recognized as the #1 Innovation Management Platform by G2 in 2023. In fact, brands like General Electric (GE), Cisco Systems, Procter & Gamble (P&G) and Ford use Brightidea to demystify ideas, engage employees and partners and drive business growth.

Source

What's exciting about Brightidea is the feature it offers. Picture a centralized platform where ideas come to life, collaboration runs wild and innovation takes flight. With Brightidea, you're not just getting a tool but entering a world of boundless creativity. Engage with colleagues and stakeholders, ignite the spark of collaboration and watch as your organization's collective intelligence sets the stage on fire.

Wait, there's more! The power of data-driven decision-making ability, robust analytics and reporting features secure you as Brightidea has your back. It has the latest industry-standard measures to protect your valuable ideas. So, step into the spotlight and let Brightidea be your innovation maestro, orchestrating a symphony of collaboration, customization and creativity. Get ready to shine with Brightidea, where your idea becomes innovation.

What You'll Love: Customization possible, Collaboration capabilities, Basic reporting, Advanced analytical capabilities, Chat/ Email support.

Tool 4: Ideawake

As the name suggests, Ideawake wakes up the idea in you. (Okay, bad pun!) Ideawake is a prominent Innovation Management Software founded in 2012. It is headquartered in Milwaukee, United States. The software is 2023 Capettera shortlisted in the innovation management category. It has also been named a rising star in the 2023 customer service awards. To top that, Ideawake is trusted by brands like Kennedys, InSinkErator, US Bank and American Family Insurance for their innovation management needs.

Source

Well, Ideawake can take your organization to new heights! How, you may ask? Ideawake provides a platform to crowdsource ideas and encourage collaborations among employees and stakeholders. It enables organizations to tap into the collective intelligence of their workforce. It fosters a culture of innovation and ideation.

This Innovation Management Software also allows organizations to create customized idea campaigns tailored to specific challenges or objectives. This flexibility empowers companies to focus their innovation efforts on the areas that matter most and align with strategic goals. That's not all! Ideawake streamlines the entire process, automating workflows and keeping everyone in the loop with timely notifications. It's like having an innovation maestro orchestrating a symphony of ideas. It's time to step up and join the Ideawake revolution. Let your ideas soar to the sky!

What You'll Love: Flexible pricing, Suitable for enterprises, Easy to use, Advance data security, Easy to scale.

Tool 5: Planview IdeaPlace

Planview IdeaPlace, formerly known as Spigit, is the granddad of all Innovation Management Software. Founded in 2007 and headquartered in San Francisco, United States, Planview has over six million users across 170 countries. It is also a preferred partner for brands like Walmart, Volvo, Dell, Citi and Pfizer. It has also been recognized as a leader in the 2022 Gartner® Magic Quadrant™ for adaptive project management and reporting. Wow!

Source

Planview IdeaPlace offers several benefits to businesses, making it a game-changer in innovation management. Collaborative brainstorming sessions, idea-sharing and feedback loops transform your organization into an innovation powerhouse.

That's not all! Planview IdeaPlace adds a dash of excitement with gamification, turning innovation into a playful game with your team competing for the crown of creativity. The magic doesn't stop there as Planview IdeaPlace's powerful analytics and evaluation tools will help you separate the ordinary from the extraordinary, ensuring that the most promising ideas rise to the top!

What You'll Love: Best suited for SMEs and SMBs, No-code platform, Telephonic support, Advance data security, Cross-platform integrations.

Wrapping Up

Innovation Management Software is the key to unlocking creativity's full potential and driving organizational growth. With powerful features like idea crowdsourcing, gamification, advanced analytics and seamless integration, these software solutions empower companies to harness the collective intelligence of their workforce and transform ideas into tangible results.

Innovation Management Software propels organizations forward on their journey of continuous improvement and success by fostering a culture of innovation, streamlining workflows and providing data-driven insights. While we have listed down the top 5 Innovation Management Software, to stay ahead of the competition and achieve breakthrough innovation in today's rapidly evolving business landscape, choose one that meets your needs!

Frequently Asked Questions

How Can Innovation Management Software Benefit My Business?

Innovation Management Software enables organizations to systematically capture, evaluate, and implement ideas, fostering innovation, enhancing creativity and driving business growth. These solutions typically offer features such as idea generation, collaboration, project management, analytics and reporting, providing a centralized hub to manage the innovation lifecycle and empower teams to innovate effectively.

What Are The Top 5 Innovation Management Software Of 2023?

The top 5 Innovation Management Software of 2023 are Qmarkets, IdeaScale, Brightidea, Ideawake and Planview IdeaPlace. These platforms offer various features such as idea crowdsourcing, collaboration, advanced analytics and seamless integration to help organizations harness the collective intelligence of their workforce and transform ideas into tangible results.

How Does Qmarkets Innovation Management Software Stand Out From The Rest?

Qmarkets Innovation Management Software stands out by offering comprehensive tools and features to support the entire innovation lifecycle, including idea generation, collaboration, evaluation, implementation and tracking of innovation initiatives. With scalability, customization options and user-friendly interface, Qmarkets ensures a perfect fit for businesses of all sizes, along with the power of automation and magical analytics and reporting features.

Enjoyed what you've read so far? Great news - there's more to explore!

Stay up to date with the latest news, a vast collection of tech articles including introductory guides, product reviews, trends and more, thought-provoking interviews, hottest AI blogs and entertaining tech memes.

Plus, get access to branded insights such as informative white papers, intriguing case studies, in-depth reports, enlightening videos and exciting events and webinars from industry-leading global brands.

Dive into TechDogs' treasure trove today and Know Your World of technology!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs' site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

Innovation Management SoftwareBest Innovation Management Software Innovation Management Platform Qmarkets IdeaScale Brightidea Ideawake Planview IdeaPlace

Join The Discussion

Software Development