Innovation is no longer a luxury—it’s a necessity. According to the MIRO Study 2023, a staggering 98% of companies acknowledge the urgent need for innovation. Yet, a contrasting McKinsey Global Study reveals a disappointing reality: only 6% of these companies are satisfied with their innovation performance.
This discrepancy highlights a harsh truth: corporate innovation is fraught with challenges. From high costs and elevated risks to minimal output, the journey to successful innovation can feel insurmountable.
The Challenges of Corporate Innovation in a Hyper-Changing World
Corporate innovation teams face a daunting opponent: the hyper-changing global landscape. Economic instability, energy crises, and geopolitical conflicts have created a volatile environment where traditional methodologies fall short.
Approaches like Design Thinking and Lean Startup, while once revolutionary, now feel outdated in an era defined by speed and unpredictability. Moreover, innovation teams grapple with a significant shortage of skilled labor, slow decision-making processes, and outdated tools.
In such a fast-paced world, taking years to develop and implement innovation strategies is no longer feasible. The result? Corporate innovators often find themselves stuck, unable to meet the demands of the modern business ecosystem.
Transforming Innovation with Derisking Intelligence
This is where Derisky.ai enters the picture, offering a revolutionary solution to boost innovation performance. By integrating derisking intelligence, the platform empowers businesses to overcome challenges, mitigate risks, and achieve measurable results.
Here’s how Derisky.ai addresses the complexities of corporate innovation:
- Comprehensive Risk Assessment
Upload product documentation and business cases to identify and analyze every hypothesis underlying an innovation project. This ensures that risks are addressed at the earliest stage, paving the way for smarter decision-making. - Smart Experimentation
The platform gathers data from sources like Unbounce, Google Analytics, Optimizely, Mixpanel, Segment, and Mailchimp to create tailored experiments. These experiments quantify risks, offering actionable insights to improve project outcomes. - Performance Tracking
Track and visualize risks and innovation performance over time using cutting-edge innovation metrics. This real-time tracking ensures transparency and accountability in the innovation process. - Portfolio Management
Build and manage a comprehensive view of all innovation projects using portfolio-based metrics. This enables businesses to allocate resources more effectively and prioritize high-impact initiatives. - Predictive Analytics
Leveraging machine learning models, Derisky.ai predicts future performance metrics of your innovation portfolio. This foresight allows teams to make informed, strategic decisions.
A Comprehensive Approach for the Discovery Phase
Unlike traditional tools, Derisky.ai focuses on early-stage projects in the discovery phase. By connecting innovation activities to financial metrics and utilizing generative AI, it ensures that every decision is data-driven and aligned with business objectives.
Additionally, Derisky.ai emphasizes the importance of collaboration through strategic partnerships, further enhancing the effectiveness of corporate innovation teams.
Why Derisking Intelligence Matters
In today’s fast-evolving business landscape, taking a proactive approach to risk management is crucial. Derisking intelligence enables companies to innovate with confidence, knowing that potential pitfalls have been anticipated and addressed.
Start your journey with Derisky.ai today. Boost your innovation performance, streamline your processes, and thrive in a hyper-changing world.