2. What is Innovation?
Innovation is NOT about coming up with good ideas,
that is ideation
Innovation is about taking those ideas and putting
them into action to develop them into a viable product
3. What is Innovation Agility (IA)?
Measurement of a company’s ability to change
its direction and position to maximize
innovation
5. Interesting Statistics about Innovation
• ≈ 30% say delivering products on time is their most significant challenge in
product development
• ≈ 85% behind or about even with the competition with respect to time-to-
market
• ≈ 40% say increasing productivity and collaboration to the point of reducing
[development, manufacturing and servicing] costs is the most significant
benefit that a complete engineering solution could provide
• ≈ 60% say time (35%) or the inability to access and share information (25%)
are the primary barriers to innovation
Source: IBM Global CEO Study, 2010
6. Does my company have high IA?
Quick mobilization of
Minimal number of
resources to react to
disconnected enterprise
unforeseen problems and
systems*
situations
Characteristics of
Companies with High IA
Efficient communication of
Compressed timeframe on
information throughout the
known tasks/processes
supply chain
7. Why is IA Important?
• Innovation ranked as the top challenge CEOs face in 2012
(Conference Board's CEO Challenge 2012 survey)
Companies with High IA realize:
o Larger market share
o Faster time-to-market
o Improved product quality at lower
product costs
9. Innovation Agility
• Can occur in all parts of the product development
process
• Is independent of toolset (to a certain extent)
• Extends across departmental boundaries
• Is about getting the most out of your existing people,
tools and processes
10. ModernTech’s Innovation Agility Events
Part 1: How Companies Secure, Store and Share Their Intellectual
Property
Part 2: The Renaissance of Your Engineering Documentation as
the Key Cog in Your Enterprise Communication Machine
Part 3: Breaking It Before You Buy It – How Simulation and
Optimization Increases Quality and Reduces Product Costs
Editor's Notes
At ModernTech we focus on helping customers be successful with 3D design and engineering technology – we do that by providing the best-in-class software and hardware solutions, as well as services to maximize your productivity. The world is 3D and we believe that all industries can experience tremendous benefits form the right 3D technology. We serve over 3000 customers all over the South...some of these images represent our customers we have trained and helped:(left to right).....Berchtold in healthcare (SC); Radio Systems for electronic consumer products for petcare (TN); Pierburg in the automotive industry (SC); and T-Tek (AL) in automation machinery
