What is Idea Management Software And Why Is It Important For Your Business?

Ideation and innovation go hand in hand since both are needed to thrive and prosper. Until people develop new ideas to improve the business, its performance can’t be enhanced. The customers will soon retire from availing your services or products due to redundancies and discrepancies. Innovation streamlines the business processes, helps find proper solutions for conflicts, boosts the ability to adapt to the changing market demands, and more. For integrative innovation and newness into the business, ideation needs to be carried out in the best possible manner.

This is where idea and innovation management software comes into play. Such a tool is primarily based on gathering ideas, and needs to scale with your business as it grows. Since it’s practically a new concept and many businesses are yet to incorporate such a tool into their ops, we have taken the liberty to inform you further on this particular topic.

Idea management software- a brief introduction

From the name itself, idea management software is a tool that helps businesses to introduce collaboration between different teams and groups, facilitate idea sharing or brainstorming events and coax everyone to participate in finding solutions to everyday challenges.

This tool can be integrated with virtual meetings and conference software like Zoom, Webex, and Microsoft Teams, where the ideation events are conducted. Several other tools are also used for analysis, gathering, and storing the ideas, implementation, and more.

Features of an idea management software

Ideation software typically needs to have the below-mentioned features so that it can meet the business requirements head-on without any hassle.

1. It needs to have an intuitive interface so that everyone can use it and understand the various options and functionalities.
2. It should include the option to integrate with your existing company digital workplace to greatly increase the participation of employees.
3. It should leverage the use of Artificial intelligence to accelerate the decision-making process and remove any unwanted bottlenecks.
4. The tool needs to have appropriate analytical features to evaluate the idea management process results better.
5. It must be able to scale with your business

Advantages of using the idea management software

• Helps in proper orchestration of the ideation process

One of the major advantages of using the idea management tool is orchestrating the entire process and removing redundancies and discrepancies from the same. For example, starting from deciding a common topic of discussion to gathering employees’ viewpoints, every single step can be mapped in a chronological manner for more efficiency and better outcomes.

• Promotes the concept of divergent thinking

With the help of the tool, you can enhance the idea generation process by coaxing and encouraging your employees to share their views and opinions. Thanks to the ideation management software, diversity and inclusion are the two main driving forces that you can integrate with your business processes.

• Enhances collaboration and teamwork

Ideation brings people and teams together to share ideas and work together on refining solutions to business problems. Involving customers, partners and suppliers in the ideation process also ensures that solutions are customer-ready

Innovate your business with Wide Ideas’ Innovative idea management tool

Ideation management is not easy since it requires careful planning and the right software. That’s why partnering up with Wide Ideas will allow you to use their idea management tool. It is integrated with Microsoft Teams and is based on AI technology. Therefore, collecting ideas, processing data analysis, and devising a strategy based on the outcomes will become so much easier and smoother for you.

About Wide Ideas

Idea Management Software built on Microsoft 365 The #1 Software for Flexible Idea Management to capture, nurture and deliver the best ideas.