Planbox is the top-ranked vendor in strategy and current offering in the latest innovation management platforms evaluation report by an independent research firm.
Download a complimentary copy of The Forrester Wave™ Innovation Management Platforms, Q1 2020.
Planbox recently announced its recognition by Forrester as a Leader receiving the highest score in strategy and current offering categories in The Forrester Wave™ Innovation Management Platforms, Q1 2020. The report shows how each provider measures on criteria identified by Forrester researchers, and helps CIOs and innovation leaders select the solution and vendor that meet their innovation management platform and services needs.
Evaluation Overview
Forrester, a leading research and advisory company, ranked the thirteen most significant innovation management providers using a 22-criterion evaluation in which they researched, analyzed and scored providers’ solutions on their strategy, current offering and market presence. Planbox earned the highest scores possible in 12 of the 14 current offering criteria, a score which is defined as a vendor having superior platform capabilities, and the highest scores possible in 5 of the 6 strategy criteria.
Vendor Inclusion Criteria
The following criteria were prioritized and required by the thirteen vendors to be evaluated in the Forrester Wave™. According to Forrester, the first two are core to empowering innovation best practices and innovation program advancements:
- Provides a comprehensive set of innovation process management tools.
- Provides a platform that clients can use to build targeted solutions.
- Is capable of serving Forrester client’s enterprise and government innovation needs.
- Offers a software solution that can be purchased separately from their consulting service offerings.
Vendor Current Offering Criteria
Forrester considered the following four criteria in its analysis of vendors’ current offering:
- Support for innovation management accounting (targeting, ideation, incubation, business planning and commercialization)
- Ecosystem empowerment and expansion (startups, academia, government, community)
- Tech trend and emerging tech tracking (identify and track, talent)
- Solutions implementation (collaboration experience, process management, data and analytics, integration)
The Mandate for Continuous Innovation
Forrester identifies the mandate for continuous, strategic, end-to-end innovation as connecting highly efficient processes and new technologies such as AI and automation with innovation management products and services that meet customer needs:
“Continuous innovation to stay ahead is a modern business imperative for customer obsessed firms.”
“CIOs and innovation leaders should consider innovation vendors that provide: platform and accelerator modules supporting solutions for all innovation phases; connections to external data sets and adaptive intelligence; innovation expansion and maturity accelerators.”
What Forrester Recommends Companies Look for in an Innovation Vendor
Platform and accelerator modules supporting solutions for all innovation phases
Forrester’s analysis notes that Leaders provide extended platform capabilities supporting solutions for all innovation phases that help clients accelerate the development of specific applications across five distinct innovation activities; these are targeting, ideation, incubation, business planning and commercialization.
In Planbox’s report profile, Forrester writes:
“Planbox leads in data insights, AI/ML, and idea delivery. Planbox is an experienced innovation platform software provider with strong services and consulting offerings across the different stages of the innovation process.”
“Planbox also provides some of the more advanced AI/ML capabilities we observed for idea creation and brings data-validation to idea selection, incubation, and commercialization.”
Connecting to external data sets and adaptive intelligence
Forrester’s research notes that Leaders’ key differentiators consist in helping clients expand their innovation validation, engagements and creations by providing deep insights into market trends and emerging technologies. Companies should consider vendors that provide data integrations with internal and external third-party systems, and by offering in their software access to startup ecosystems, innovation networks, and collaboration opportunities with other platform customers.
In Planbox’s report profile, Forrester writes:
“Planbox has thousands of deep data sets and third-party application integrations to drive innovation focus and priority validation.”
“Planbox has a strong partnership network to help clients expand their innovation ecosystem and emphasize emerging technologies.”
Innovation expansion and maturity accelerators
Forrester’s evaluation also notes that Leaders go beyond just supplying software by offering professional services to help clients adopt market best practices for innovation, and by pushing innovation forward in the industry by participating in open source, speaking at events, and authoring thought leadership.
In Planbox’s report profile, Forrester writes:
“Each month, [Planbox] provides feedback to its clients on the maturity of their innovation programs and gives them guidance on how to improve them.”
“[Planbox] has also published a substantial amount of innovation best practice research and thought leadership content to guide client engagements with their platform and to drive out a broader portfolio of innovation efforts.”
What Our Clients Are Saying
“Planbox enabled the Navy to build and sustain a multi-sectoral and permeable technology-driven Innovation program in short order,” said Commander Meiz Majdoub, Naval Technical Innovation Program. “Sailors, suppliers and innovation incubators have been able to contribute to our collective objective of changing our culture. We look forward to exploring additional features and continued contributions from our enterprise.”
“We feel Planbox’s platform supports our mission in maintaining a culture of innovation by opening up the participation process to the entire organization and crowdsourcing ideas from a wide range of audiences,” said Michael McCathren, Enterprise Innovation at Chick-fil-A. “Integrating their robust agile innovation management platform within Chick-fil-A’s innovation process will allow us to collaborate more broadly and manage the journey of ideas with much greater efficiency.”
A Word From Planbox
“The Planbox team understands innovation management software needs best practices to result in great outcomes. We actively listen to customers, collaborate on their goals, and apply our expertise to recommend a clear journey to achieve those goals,” said Sara Husk, Chief Customer Officer of Planbox.
Download a complimentary copy of The Forrester Wave™ Innovation Management Platforms, Q1 2020.