WALLDORF, Germany, July 28, 2014 /PRNewswire/ -- In an effort to help companies foster innovation and rapidly turn product and service ideas into value, SAP SE (NYSE: SAP) today announced the global availability of a new innovation management application. Comprising unique products, services, processes, methodologies and governance, the SAP® Innovation Management solution helps companies establish a creative culture that overcomes departmental silos and unleashes the power of innovation.
The pace of technological advance is constantly increasing and puts pressure on manufacturers to be more effective in innovation. At the same time, most companies do not fully leverage the innovation potential of their employees and partners, due to a lack of communication and ideas that are still kept in organizational silos. To meet these challenges, SAP Innovation Management powered by SAP HANA® was developed to manage ideation with innovative technology. It enables customers to find and link similar ideas and subject matter experts inside and outside the organization leveraging Big Data capabilities. SAP Innovation Management is also integrated with the SAP Portfolio and Project Management application, allowing companies to bridge the chasm between idea and innovation.
SAP Innovation Management and additional innovation services from SAP, including advisory service for innovation management and design thinking workshops, help organizations to establish a flexible and iterative ideation process that is seamlessly integrated into development in order to accelerate the pace of innovation and to convert ideas into inventions into economic success.
"Since 2010, SAP's innovation-led strategy has resulted in expansive increases in customers, total revenue, market value and profitable growth. But finding the right ideas is sometimes like looking for the needle in the haystack," said Hans Thalbauer, senior vice president, Line-of-Business Solutions for Supply Chain, SAP. "SAP Innovation Management helps SAP customers to innovate with us, resulting in more motivated employees, more loyal customers and more satisfied stakeholders."
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SOURCE SAP SE