Accenture is harvesting ideas of its employees to boost innovation
For this, the company has built a proprietary platform, called IdeaHarvester, where employees can submit their ideas from where it is sent to the right people for curation.
During Innovation Summit, a competitive program that started in January 2016, Accenture received 4,000 ideas, and 500 of them have even been implemented, with shortlisted ideas being given an initial funding of $2000 each, so that employees can go ahead and build prototypes for their innovation.
"The program is about cultural change. We need to lead in innovation and all our programs -from Accenture Labs to our initiatives with colleges, employees and customers -are focused on this," Mohan Sekhar, Senior MD, Technology - Delivery Centers for Technology in India, told ET.
"It is not just platforms, we have put in place processes to help improve our innovation activities. And we are seeing an increase in participation. We had nearly double the number of ideas in this year's Innovation Summit," said Raghavan Iyer, MD - Technology.
Not only this, Accenture has also done over 40 Innovation Workshops with its customers where these ideas are presented and thought over.
IT companies are focusing more and more on innovation because of digital processes disrupting the traditional techniques of business. For example, Infosys has a 'zero-distance' program so that it can improve the way it innovates and clients can be given better processes.
Popular on BI
- Electricity prices in Finland flipped negative — a huge oversupply of clean, hydroelectric power meant suppliers were almost giving it away
- Family stands to lose nearly $6,000 in airfare and hotel costs after they were bumped from an overbooked cruise ship
- Flyers are 'skiplagging' to try and save money on flight tickets. Airlines hate it.
- List of Famous things to buy in Srinagar
- What you need to know when you exercise your stock option plan
- BGMI release date announced: Available to Android users for download starting today
- Gangubai Kathiawadi tops technical awards at 23rd IIFA's music-loaded opening
- About 27K employees lost jobs at Indian startups to date, over 8K this year