The power of AI enhanced innovation software

Innovation is the lifeblood of any thriving organization. However, managing the complex and multifaceted process of innovation requires more than just creativity and ideas. This is where innovation software tooling comes in. These tools are designed to streamline and support the entire innovation lifecycle, from scouting start-ups, idea generation and evaluation to implementation and tracking.

Innovation software tooling refers to specialized platforms and solutions that enable organizations to manage their innovation processes systematically and effectively. You can compare it to a system like CRM for sales but now focusing on innovation.

These tools provide features like idea collection, collaboration, prioritization, and performance measurement, making it easier for teams to innovate cohesively. By centralizing innovation activities in one platform, companies can break down silos, enhance transparency, and ensure that every idea—no matter how big or small—is given due consideration.

The benefits of adopting innovation software tooling are significant:

1. Improved collaboration: These platforms foster collaboration across departments, geographies, and even external partners, ensuring that diverse perspectives are harnessed.
2. Efficient idea management: Innovation tools provide a structured approach to collecting, categorizing, and evaluating ideas, saving time and resources.
3. Enhanced decision-making: By offering data-driven insights and analytics, these tools help organizations prioritize the most impactful ideas.
4. Faster time-to-market: Streamlined processes ensure that ideas move from concept to implementation faster.
5. Scalability: Innovation tools can scale with an organization’s growth, supporting everything from small teams to global innovation ecosystems.
6. Measurable outcomes: With built-in KPIs and reporting features, organizations can track the success of their innovation initiatives and continuously improve.

At RevelX, we specialize in innovation management and strategy, helping organizations turn their innovation ambitions into actionable outcomes. To further enhance our offerings, we are proud to collaborate for many years with Qmarkets, a global leader in end-to-end innovation management software.
Qmarkets’ innovation management solutions cover every stage of the innovation process. Their software enables organizations to:

• Gather ideas from employees, customers, and other stakeholders.
• Evaluate and prioritize ideas using customizable workflows.
• Implement and track innovation projects to measure their impact.

With features like AI-driven idea clustering, gamification, and robust analytics, Qmarkets empowers organizations to unlock their full innovation potential.

In 2024, RevelX and Qmarkets further integrated their services. RevelX has extensive experience in the field of innovation management, building growth strategies and customized innovation operating models. Many of these experiences and the collection of best practices have been consolidated by RevelX into frameworks and blueprints.

For example, RevelX has developed a framework for setting up and implementing an innovation process. Every step of this innovation process is detailed to the smallest level. What is the objective of a step, which criteria should be applied, which work methodologies can be used, who does what and who makes decisions, as well as which specific (AI) tools or canvases should be used at a particular step—everything is thoroughly defined.

Due to the design of the RevelX framework, it is relatively straightforward to work with the client to make choices that adapt the innovation process to the client’s specific workflow.

And now, we are taking it a step further. RevelX has pre-programmed and configured all the best practices directly into the Qmarkets platform. This means that clients can not only set up or improve their own innovation process more easily using the RevelX frameworks, but these are also directly available in the supporting software. This eliminates the need for clients to undergo a lengthy and relatively expensive customized development process.

How that works? In the following paragraph, we will provide some more details about how this looks, based on an example use case including some screenshots.

A leading consumer electronics company recognized the need for continuous innovation but struggled to generate breakthrough product concepts internally. Traditional brainstorming and R&D processes were too slow and limited in perspective.

To overcome this, the company turned to RevelX / Qideate—a platform that enables organizations to engage a broad audience in the ideation process, evaluate ideas efficiently, and drive implementation seamlessly.

Using Qideate, the company launched a structured smart home innovation challenge, inviting contributions from diverse stakeholders.

• Two new smart home devices launched, directly inspired by crowdsourced ideas.
• 30% faster time-to-market, ensuring the company stayed ahead of competitors.
• Stronger customer loyalty by involving end-users in the ideation process.

By leveraging the RevelX / Qmarkets platform, this company turned open innovation into a structured, results-driven process—delivering tangible business value.

Want to see how we can accelerate your innovation strategy?

Let’s get in touch, and we would be delighted to show you the possibilities through a live demo. Please send a mail to Rob. You can also watch a short video here that guides you through the product and its features.