Wazoku acquires US open innovation leader InnoCentive and raises additional £1.25M to support global growth
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Forrester Reveals The 13 Most Significant providers in Innovation Management
“Wazoku has a differentiating vision for idea sharing and innovation collaboration.”
Wazoku featured as one of the 13 Most Significant providers in Innovation Management in “The Forrester Wave™: Innovation Management Platforms, Q1 2020”.
In February 2020, Forrester published the 2020 Forrest Wave, a review of the global Innovation Management sector. After months of analysis, they identified the 13 most significant vendors, including Wazoku.
“Its offering help clients develop and share ideas between internal and externally focused innovation communities across geographic regions and in different languages, with strong collaboration tools built in. Its platform offers a number of prebuilt applications for continuous improvement, disruptive ideation, incubation, and business planning. We found its user experience intuitive, and we thought its new client on-boarding process and lifetime customer service manager for each client was spot on. The platform is built from the ground up on its own production-grade APIs and features prebuilt integrations with leading enterprise tools. Its vision of a global repository for ideas that can be resurfaced over time, linked, and developed was also differentiating.”
The report observes “many businesses turn to innovation management solutions because innovation initiatives based on communication and collaboration tools like Google for Work, Jive, Slack, SharePoint or Quip have inherent limits for driving innovation. These tools support ongoing conversations, but do not offer the features to support workflow-driven idea management, let alone innovation consulting”.
Wazoku are proud to integrate deeply with many of these solutions, offering our customers the best of both worlds. Our integration partners include Microsoft (Office365, SharePoint etc), Google, Facebook, Twitter, LinkedIn, Box, Dropbox, and more.
Forrester state that the updated 2020 report was in response to the fact ‘the innovation management market has changed drastically’. They considered the following criteria in their analysis of vendors’ current offerings:
Support for Innovation Management Accounting:
TargetingEcosystem Empowerment & Expansion:
StartupsEmerging Technologies & Tracking:
Identify & TrackWazoku scored the top score, defined as, “Superior capabilities relative to others included in this evaluation, including comprehensive next generation features such as cost and benefit analysis, dependency analysis, strategic alignment and customer validation. Vendor offers deep professional services, partnerships and brings access to an innovation network through its platform to accelerate client’s ability to build business plans”, in the following areas:
Areas identified for potential development by Wazoku are:
Wazoku comment: Our combined offering with InnoCentive was not public during the evaluation and so did not factor into the scoring
These are all areas we are looking to address more fully in the coming months and will provide updates as we do so. Find out more about our most recent Spring 2020 Product Release.
Access the report now to learn how the top 13 innovation management solutions stack up, so you can determine which provider might be best for your approach to innovation.
For a simple overview of the Wazoku product offering, download our Product Overview Brochure.
Wazoku & InnoCentive – The world’s one stop shop for Idea Management & Open Innovation software and services: read the story here.
Wazoku is your one stop shop for Open Innovation & Idea Management software and services. We are an innovative SaaS business helping to change the world one idea at time. Our AI powered software is your global home for all ideas, giving a voice and role to everyone in the innovation process.
We are passionate about enabling organisations to engage and collaborate with their workforce, ecosystem, customers and the world – to generate new ideas as part of a wider innovation strategy.
Find our more at www.wazoku.com and www.innocentive.com
Find out more about Forrester. The Forrester Wave helps CIOs and other decision-makers identify the most appropriate innovation management solution for their organization by assessing each solution’s strengths and weaknesses.
Communication and engagement with employees are an essential part of business at any time. The benefits of an engaged workforce include improved employee retention and loyalty, a happier and more motivated workforce and better general well-being. Most observers feel that employee engagement is a key pillar of the future of work.
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Wazoku, a leading innovation and idea management platform, announced its Spring 2020 product release with features designed to get the right ideas in front of the right people at the right moment.
“Keeping the innovation pipeline running smoothly can be like trying to manage a public transportation system in a large city. Businesses need to make sure that ideas are smoothly getting to their destination. They need to have readily available insight and data to analyse what’s happening in their organisation and highlight roadblocks to be addressed,” said Rosemarie Diegnan, CS&PO, Co-founder, Wazoku. “We’ve built valuable functionality to better report data around innovation programmes, developed more connected workflows for ideas to move seamlessly between pipelines and streamlined user access via single sign-on and our Mobile App in.”
Here are some of the highlights of our Spring product release:
Dig deep or go broad in understanding your idea funnel
To better understand and analyse the data surrounding a team or organisation’s innovation pipeline, reports now cover specialised data points, such as social activity or idea evaluation. They can be generated across single or multiple Challenges or communities to shed light on specific areas of the business or certain aspects of innovation, and users can filter data by date, category or other criteria to get only the information that’s most useful for the specific question that’s being asked.
Simon Hill shortlisted for The TechXLR8 2020 Tech Leader of the Year Award
Wazoku is a tech company with a big mission – To Change the World, One idea at a time. The brainchild of Simon Hill, Wazoku’s platform operates as a company’s global home for ideas.
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We’re living through unprecedented times as the COVID-19 pandemic takes grip, rearranging our day-to-day lives at breathtaking speed. The world is an uncertain place right now – with many of us now part of the coronavirus-enforced experiment in working exclusively from home. For some, this newfound status is a shock, with many of us still adjusting to the new normal, juggling home schooling and leading virtual teams.
While a lucky few will be pondering over Joe Wicks’ PE lessons for kids or whether to opt for the paradise island or city apartment conference call background, others, understandably, are battling with new anxieties and challenges around the health and wellbeing, as well as working lives, of their families and wider communities.
There’s no doubt the coronavirus, which causes the disease known as COVID-19, is causing mass disruption around the world. The outbreak is a human tragedy – the likes of which is a cause for great concern. It’s also having a growing impact on the global economy, forcing businesses to rethink their workforce strategies, putting health and safety first.
These are Volatile, Uncertain, Complex and Ambiguous (VUCA) times. As businesses and governments around the world wrestle with the multi-faceted challenges they’re facing, workplaces are closing and people are self-quarantining. COVID-19 is taking the world by surprise, and raising questions that require thoughtful, people-first responses.
Over the weekend, we’ve been contacted by a whole range of stakeholders – governments, shareholders, customers, businesses etc. – all asking how we can work together to support one another through this challenging time. The importance of crowdsourcing is becoming more acute.
The immediate priority for employers has been on ensuring the health and safety of employees, providing remote and flexible work options for those who can work from home. Reducing psychological stress has also been a priority, as many businesses seek to take a measured and altruistic response.
However, the outbreak has forced many other businesses to question the adequacy of their preparedness for such events. Not all organisations are best equipped to cope with such disruption, leaving many wondering how to respond.
How we respond to unexpected events can make all the difference to the outcome – on a global, social and economic level – but how well we respond is directly correlated with how well we are geared up to respond. How well we are prepared for change.
For example, Wazoku and InnoCentive use the value of open innovation in conjunction with idea management software to help connect and engage workers focused on solving challenges and managing change. In a world where we can’t always use our offices, laboratories, R&D centres and meeting rooms, people are working remotely to advance solutions to the problems our world and businesses face.
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InnoCentive is now part of Wazoku
On January 1, 2020 the world was much different than it is today…we are now learning daily/hourly just how different it really is. There are lessons we must now, and are, quickly learning. While governments and healthcare professionals are fighting against the Coronavirus, there is hope that burns in our hearts, and there are amazing solutions waiting to be found in the midst of the rapidly changing world with this pandemic. There are new-generation thinkers and Solvers ready for action.
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If I asked you to assess the knowledge and skills of the people you work with, would you say your company boasts the smartest workforce in the world? Even if it’s a resounding yes, and you're blessed with the most talented employees, do you think they’re organised and mobilised to solve your most complex business problems – both now and in the future? What about when AI fully kicks-in or disruptive start-ups muscle into your space? Or prices skyrocket to the extent that certain resources are no longer available to your organisation?
Whatever trends are teetering on the horizon, there’s no doubt the global business landscape is changing – and doing so at a rapid pace – but it’s not all doom and gloom. Our ability to create, innovate and reinvent ourselves, our work and our lives is part of what makes us human. We adapt to survive and thrive. We solve problems, tackle challenges and come up with solutions to progress and move forward.
How many of us, though, do so alone?
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Ah, the age of disruption! The future of work! The fourth industrial revolution! Futurists and thought leaders have been talking about this for some time. The world of work is changing – on a technological, political and social-cultural scale. Powerful new forms of technology are increasing our rates of productivity capability; demanding new skillsets in the process. How can we adapt and transform our organisations into something that can actually reap the benefits of this new world order?
Business transformation can be overwhelming to some, but it needn’t be – after all, this is the fourth industrial revolution, not the first. As humans, we can be resistant to change but we also know change is fundamental to progress, which is fundamental to growth. Especially as we seek to avoid the risks of becoming irrelevant and obsolete.
Whatever our views are on the future of work, one thing’s for sure: times are changing. Advancing technologies are fuelling a robot-and-AI-filled future, which means we will need to innovate faster and with more agility if we hope to be relevant for the future of work. Here are 10 things your organisation can do today to prepare for change, disruption and the need for innovation:
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The workplace of today is so different to the workplace of 50 or even 25 years ago; it has changed completely. Everything is faster, more immediate, more accessible and more global. The workforce itself is more geographically dispersed, more transient and less tied to the physical workplace, with technology, of course, underpinning a lot of these changes.
We now regularly speak of the gig economy, multi-generational workforces and zero hours contracts – terms which weren’t even thought of 25 years ago. The concept of a job for life is now gone. It’s perfectly acceptable to spend just two or three years in a role, building a portfolio career or having several careers during one’s working life.
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