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Wellspring Blog

Unleashing generative AI to refine your new product development process

January 02, 2024
When’s the last time a workday passed without you reading or talking about generative AI? Can’t remember? You’re in good company. All of us in the innovation universe are trying to unlock new possibilities and drive innovation at scale faster with this unique technology. Read More

The right innovation software can unlock innovation potential

December 19, 2023
Innovation is essential for any company that hopes to remain competitive. However, managing the process of innovation can be a complicated and time-consuming task. Between ideation, planning, governance, roadmapping and portfolio management, it can be challenging for companies to keep track of... Read More

How to validate strategic alignment of your product ideas

December 15, 2023
Innovation is something every business should be doing. It shouldn’t be done, though, without a valid why. It’s not just about coming up with great ideas. It’s about coming up with great ideas that support your wider business and product strategies and help to drive genuine growth. Without this... Read More

Helpful strategies for embedding sustainability into innovation processes

December 05, 2023
We’ve recently discussed the importance of operationalizing innovation via InnovationOps. As with any operationalizing effort, the key is making a specific effort part of an organization’s DNA. This way, it’s not an add-on or an afterthought but a fundamental part of how the company functions. Read More

Lean into AI to advance product innovation—but do so with caution

November 21, 2023
While generative AI is taking the business world by storm, it’s important to note that it’s not necessarily new. Many of today's promises for AI were also made in the past. It was less than 40 years ago that LISP machines, packed with expert knowledge, were supposed to unlock the promises of AI.... Read More

How to evaluate the viability of your product idea in 3 easy steps

November 21, 2023
You’ve determined that your product or feature idea is desirable (that is, you know people want it). You’ve established that it’s feasible (that you can build, market and sell it). But is it viable? Traditionally, viability is associated with determining whether your idea not only fits your... Read More

An action plan for executing on innovation strategy

November 07, 2023
It’s one thing to have an innovation strategy and quite another to have the right plan to execute it. Many companies have the former but struggle with the latter. So how do you ensure you realize the innovation strategy your team has worked so hard to craft? Here are eight tips for creating greater... Read More

How feasible is your product idea? Here are 5 things to test

October 26, 2023
You’ve developed a great idea. You’ve tested its desirability and concluded that there is a genuine market need. However, without testing its feasibility – whether you have the time, skills, resources and budget to actually make it happen – you may find yourself stuck at the idea stage. Read More

You need the right innovation culture for open innovation to succeed

October 24, 2023
In a recent episode of the Innovation Talks podcast, I shared some takeaways from the recent Innov8rs Conference in Amsterdam, which had open innovation as its central theme. Read More

How Sopheon helped Novelis achieve award-winning sustainable innovation

October 10, 2023
The best chefs will tell you that a great meal isn’t salty, but salt is absolutely critical to bringing out the flavor a dish already has. At Sopheon, we like to think of our customers as the main course and our innovation management software, Accolade,Innovation Management, as the seasoning. The... Read More
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