Article
Why Life Sciences?
The Innovation Challenge
In today's business climate innovation is crucial to a company's long-term performance success. To succeed in innovation, an organization needs to get a lot right – generate new ideas, evaluate and select ideas to pursue, stay ahead of new technologies and trends, accelerate timelines and increase efficiencies along with the profitability of individual initiatives. But most of all, organizations need to create a culture of daily innovation that engages employees and drives participation.
82%
Despite this challenge, 82% of organizations run innovation in the same way they carry out incremental performance gains in their regular operations.
72%
72% admit to missing crucial growth opportunities.
60%
60% admit to struggling to learn from past mistakes.
A Paradigm Shift in Innovation
What are the biggest obstacles global innovation executives face when it comes to generating a ROI in innovation?
How can GENAIZ help you overcome these obstacles?
42%
*
Development times are too long
GENAIZ accelerates delivery of innovation projects
32%
*
Selecting the right ideas
GENAIZ harnesses the power of cognitive science and AI to help you make better decisions
31%
*
Risk-averse culture
GENAIZ democratizes innovation risk with guidance and proven innovation frameworks
25%
*
Lack of coordination
GENAIZ provides a centralized single view of all resources and projects in the innovation pipeline
22%
*
Not enough great ideas
GENAIZ's inspiration toolset and increased collaboration elements spark ideas exponentially
* % of global innovation executives surveyed who experience the given obstacles
95% of Innovation Projects Fail - Clayton Christensen, Harvard Business School