The organization faces difficulties in capturing innovative ideas from employees at all levels, particularly those involved in daily operations. Existing processes lack a structured platform to collect, evaluate, and implement ideas efficiently. Additionally, there's a need for a secure, compliant solution capable of handling sensitive data and supporting cross-departmental collaboration to accelerate innovation pipelines across regional subsidiaries.
A large, regional financial institution aiming to foster innovation and improve internal idea sourcing, with multiple subsidiaries seeking a unified platform for idea collection, evaluation, and implementation tracking.
The proposed innovation platform aims to significantly enhance internal idea generation, with targeted participation rates of at least 50% within three months, leading to a surge in innovative initiatives. It is expected to facilitate the submission of over 30 ideas within initial KPIs and foster a vibrant community of active users. The system will accelerate the identification and implementation of operational improvements and new revenue opportunities, ultimately strengthening the organization’s competitive position through a structured, engaging, and compliant innovation ecosystem.