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In 2022, 20% of companies surveyed were ‘innovation-ready’, but in 2023, that figure had dropped to 9%, and in 2024, has dropped to a staggering 3%! While invention focuses on creating something new, innovation aims to deliver lasting solutions that solve real customer problems, add value, and drive growth.
Operating at the Speed of Innovation When looking at an SPM solution, look beyond your existing software capabilities and think about what your organization wants to achieve in the future. A strong SPM platform has a clear future roadmap and is proactive in adapting to current market demands and delivering on innovation.
Given this emphasis on innovation, the findings from Boston Consulting Group’s Most Innovative Companies 2023 report come as no surprise: this year, two-thirds of companies ranked innovation as their number one priority. Serves as a central platform for sharing best practices and knowledge on innovation management.
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