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Manage innovation portfolios and projects the agile way

Use the ITONICS Innovation OS to develop, evaluate and track innovation portfolios and keep efforts focused as strategy evolves.

  • Identify innovation initiatives with the most potential
  • Focus resource allocation
  • Standardize reporting and track results in real-time
ITONICS Software for Innovation Portfolio Management
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Why is innovation portfolio management important?

Innovation portfolio management is a framework for organizations to align their innovation resources and capabilities with strategic goals. It involves prioritizing initiatives, programs, and projects based on market developments, internal capabilities, and resources.

Strategic portfolio management enables your teams to identify gaps or redundancies in project pipelines, allocate resources according to changing business environments, and balance growth initiatives across the organization.

Pursue opportunities that hold the greatest potential

Start by using trends, technologies, ideas, and startups identified from "Where to Play" and "How to Win" phases in a matrix view to help establish the best strategic fit.

Examine new ideas and forms of value creation while also exploiting existing capabilities. Map, analyze, and qualify opportunities and innovation projects to balance quick wins and moonshots. Move forward with innovation initiatives that are most aligned with internal capabilities and business goals.

Identify synergies, gaps, or redundancies across your innovation portfolios to optimize results.

Learn more about ITONICS Portfolio

Ensure better transitions from ideas to implementation

Enrich selected opportunities with evidence from internal and external experts on one digital innovation platform. Link trends, technologies, and inspirations to strengthen concepts and bring all initiatives and projects into view on easy-to-use Kanban boards.

Define certain criteria, tasks, or deliverables that projects must go through to move to the next phase. Use workflows to standardize processes and improve project health and status transparency.

Calculate budgets and forecast the impact on projects. Allocate resources at the right time and manage the time-cost relationship of projects.

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Connect innovation initiatives and keep stakeholders informed

Innovation is not isolated to the R&D department. Expand it! Ensure your organization is not wasting efforts by focusing only on today's challenges. Connect innovation portfolios and aggregate project information to inform prioritization and align resources.

Manage your resources effectively. Use gap analysis and project monitoring to plan capacities and responsibilities in your company. Deep dive into project details and define KPIs for continued monitoring.

Integrate the opportunities brought by startups into your innovation process. Optimize investments and realize potential.

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Bring your innovation portfolios to life

Manage your innovation portfolio by developing integrated project pipelines to execute innovation initiatives effectively. Monitor innovation projects and sync efforts by organizing project activities on the ITONICS Roadmap.

Move innovation projects to execution. Empower teams to adapt in an agile manner. Report on progress easily with transparent views on the status of projects and tasks.

ITONICS customer Fletcher Building maintains portfolios and roadmaps of more than 30 innovation leaders on the platform. Based on this, portfolio outcomes and future directions are discussed in decision meetings with the management board.

Learn more about ITONICS Roadmap

Invest in the most promising innovation opportunities

Content Management

One solution to bring all your innovation efforts together, enrich it collaboratively and evaluate it across different views.

Learn more about Foresight Features.

Rating

Customizable criteria enable team members and external experts to rate content in a way that combines collective knowledge.

Learn more about Foresight Features.

Collaboration

Encourage team and stakeholder involvement with easy content sharing, collaborative ratings, and engagement features.

Learn more about Portfolio Features.

Matrix View

Optimize your innovation portfolio by evaluating risk and potential with matrix visualizations.

Learn more about Portfolio Features.

Reporting

Provide a shared understanding of your organization’s innovations efforts to keep everyone in the loop and enhance strategic decision-making.

Learn more about Portfolio Features.

Startup Radars

Accelerate the realization of your innovation goals by finding relevant startups to partner with.

Learn more about Radar.

Filter and Visualize

Distill vast amounts of data with advanced filtering to easily visualize and emphasize what matters.

Learn more about Foresight Features.

Phase-Gate Workflows

Implement phase-gate processes for evaluation and control in projects and ideation campaigns, to ensure efficient resource allocation and higher success rates.

Learn more about Ideation Features.

Dashboards

Get quick status overviews on innovation initiatives and report on these easily.

Learn more about Ideation Features.

Kanban Boards

Manage work-in-progress, maximize flow, and prioritize your most valuable initiatives using interactive Kanban Board.

Learn more about Kanban Boards.

Innovation Roadmaps

Accelerate time-to-market with multilayer roadmaps. Align the efforts of different business units and execute your strategy.

Learn more about Roadmaps.

Your digital toolbox for balanced portfolios

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A single point of truth to ensure balanced innovation portfolios

Read more on our unique, proven methodology that covers the following innovation questions: Where to Play, How to Win, and What to Execute.

Portfolio Management Process

Best-practice stories from true innovation rockstars

To market and innovation leadership in Australasia at Fletcher Building - Success Story

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How 30 innovation leaders manage their portfolios

The Fletcher Building Innovation Team is responsible for steering the innovation agenda across Fletcher Building. Supported by the ITONICS Innovation OS, the team is driving incubation, portfolio management, and strategic planning in line with strategic goals.

See how

Technology scouting to drive therapeutic innovation at Merz - Success Story

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How Merz is expanding its product portfolio

Since 2018, technology scouting has been supported by ITONICS‘ tools to more transparently gather and evaluate insights on activities in the business environment. This allows for informed decision-making to expand the company‘s portfolio.

See how

 

Innovation Rockstars Podcast Maria Mileder PayPal

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Enabling innovation at PayPal

Together with Maria Mileder, Global Head of Innovation at PayPal, we take a look into PayPal's innovation toolbox and learn that innovation has less to do with titles but more with cultural values.

Tune in

 

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