- In May 2024, SAP SE (NYSE: SAP) and Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN), revealed an enhanced strategic partnership aimed at revolutionizing cloud-based enterprise resource planning (ERP). This collaboration focuses on helping businesses utilize generative artificial intelligence (AI) to unlock new capabilities and improve efficiencies. The partnership is set to transform the ERP landscape by integrating advanced AI tools into cloud solutions
- In June 2024, the International Society for Professional Innovation Management (ISPIM) emphasized the need for adopting new mind-sets to lead innovation and build sustainable, circular ecosystems. They also stressed the importance of adhering to ISO Innovation Management Standards to guide organizations in their innovation efforts. The society highlighted that these approaches are crucial for fostering long-term growth and ensuring environmental responsibility in innovation processes
- In September 2023, Accenture and Workday announced an expanded partnership focused on transforming finance functions to be more agile, data-driven, and customer-centric. The collaboration aims to develop adaptable, data-driven finance solutions that can be customized to meet the evolving needs of clients in sectors such as software, technology, retail, and media. This initiative will help businesses better navigate changing demands and optimize their financial operations
- In May 2022, KPMG introduced the Advisory Salesforce Apprentice Program (ASAP), designed to cultivate exceptional talent from diverse backgrounds. The program offers participants valuable opportunities to engage with promising client leads while fostering an innovative environment that supports success. Its goal is to create a platform where all individuals can thrive and contribute to the company's growth and innovation
- In January 2022, KPMG selected ICONICS as its innovation management platform to promote innovation, co-creation, and co-investment with customers, alliance partners, start-ups, and others. The new solution, called Illuminate, powered by ICONICS, will replace the KPMG Innovation Factory. Illuminate will feature AI-driven market insights, crowdsourcing, ideation, incubation management, and portfolio management to enhance the innovation process
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Software and Services), Deployment (Cloud and On-Premise), Organization Size (Large Enterprises and Small and Medium Enterprises), Application (Product Research & Development Platforms, Marketing, Design & Idea Platforms, Collective Intelligence & Prediction Platforms, and Human Resources & Freelance Platforms), Vertical (BFSI, Healthcare, Education, Media & Entertainment, IT & Telecommunication, Retail, and Government) – Industry Trends and Forecast to 2031.
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The Global Innovation Management Market size was valued at USD 1.50 USD Billion in 2023.
The Global Innovation Management Market is projected to grow at a CAGR of 18.8% during the forecast period of 2024 to 2031.
The major players operating in the market include , Brightidea , Qmarkets , Planbox Imaginatik , IdeaScale , HYPE Softwaretechnik GmbH. , Innosabi GmbH , Medallia , Ernst & Young Global Limited , Planbox , Exago , Inno360 , SAP SE ,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
