Gathering the data and ideas that lead to innovative solutions is an on-going process.

1. HOW TO GET FROM DATA TO
DECISION IN YOUR
INNOVATION PROCESS
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Gathering the data and ideas that lead to innovative solutions is an on-
going process. As part of any great innovation process your company
must have a way of not only creating a multitude of great innovative
ideas but also implementing these ideas as a useful application. But
how do you take the idea and data from inception to decision and
implementation for the most success?
Making sure that you have a method and process or framework in place
to guide the innovation along is the first step, but beyond that you must
ensure that this process is fast and the feedback based iterations can
occur as quickly as possible. Taking the time to develop and test a great
innovation process that focuses on testing quickly and often will allow
your organization to make the fastest decisions on the data and
implement more successful innovations, all the while killing the ideas
that aren’t as good.
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Developing the specific testing and decision steps of the innovation
process requires that you implement a way to get real-time feedback
information that is actionable.
Building metrics that you can use as a quick veto, as well as a series of
tests at different points in the innovation cycle will make sure that you
can have all of the data that you need when you need it.
Making a decision that isn’t based on the data, with regards to
innovation, is a lot riskier than it has to be. These non-data decisions
can also be more difficult to make as there is no clear cut expectation of
what makes a good or bad decision. Collecting, analyzing, and then
using the data thereby is the preferred method in not only innovation
but many business processes.
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It takes time to build a great innovation process that is useful for your
specific organizational needs and requirements, but finding ways to
collect data from as many different points of the innovation process will
ensure that you have the necessary data to start from.
Developing metrics from this data that can be tested and tracked over
time will help your organization to develop the most efficient process
and go from data to proper decision much faster.
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5. GROWING BUSINESS WITH INNOVATION
For additional information about Business Innovation
please visit www.InnovationGrow.com