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Wellspring Blog

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

Exploring ChatGPT and AI Impact on Supply Chain Management

October 10, 2023
Since ChatGPT’s release in late 2022, we’ve explored several use cases about the exciting technologies' potential impact on various industries. This article will explore the benefits and shortcomings of ChatGPT and other AIs in today's supply chain management. Customer satisfaction, overall... 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

Desirability testing: How to create products that people want

October 06, 2023
90% of all start-ups fail. Of these, 35% fail because of a lack of customer desirability: a lack of market need for their product. Read More

Combining physical and digital product development strategy with InnovationOps

September 26, 2023
In 2023, a bat is more than a blunt object used to hit a baseball. It can be a highly sophisticated, connected piece of sports technology that collects vital information to help enhance individual swings and perfect the art of hitting. Read More

Solve project management challenges in the initiation stage with InnovationOps

September 12, 2023
In any project, the initiation phase is filled with optimistic budgets, benefits, and manageable risks. But the following statistics from the Project Management Institute might make project managers rethink that optimism: Read More
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