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Innovation Software: To Build or to Buy?

THE POWER OF PURPOSE-BUILT INNOVATION MANAGEMENT SOFTWARE.

Should your organization build or buy innovation management software?

Innovation management platforms should leverage principles of collaboration, crowdsourced ideas, intelligent voting dynamics, and analytics to drive a repeatable end-to-end innovation process that fosters measurable business outcomes.

Enterprise companies understand that innovation is key to growing business. The question they’re asking is whether they should build a innovation management platform internally or purchase existing software.

In this whitepaper, you will learn about the key cultural, business, and IT questions you should ask before deciding whether to build or buy innovation management software.

“While home-grown platforms may initially seem attractive due to perceived lower cost, best-of-breed platforms that have been designed by innovation experts with deep innovation management, crowdsourcing, and social and behavioral knowledge are usually more effective in the long term.”