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Industry Summary Articles

Wednesday, May 03, 2023

Sopheon adds AI capabilities to strengthen InnovationOps

Sopheon, the InnovationOps software company, announced artificial intelligence (AI) capabilities are now part of two of its product offerings. AI features in Acclaim™ Ideas and Acclaim Products are designed to help identify the best ideas and promote faster time to market. These software-as-a-service (SaaS) offerings are available via free versions, as well as paid subscriptions that deliver more advanced features and functionality, directly at the Sopheon website. In addition, Enterprise versions of both products are available.

“Inspiration drives innovation,” said Greg Coticchia, CEO of Sopheon. “Those sparks of creativity and discovery that lead to product innovations can be difficult to come by. Adding AI capabilities to Acclaim Ideas and Acclaim Products dramatically stimulates more ideas for product enhancements, engagement, delivery and tracking. Innovation is a continuous process, and Sopheon’s AI capabilities will ensure that companies using our solutions are always on the lookout for new ways to best serve their markets.” 

Acclaim Ideas

Acclaim Ideas makes it easy for users to find, align, test and deliver the best ideas for their organization. The AI assistant in Acclaim Ideas benefits customers in two important ways. First, product and portfolio professionals creating new campaigns uncover valuable options for boosting engagement by posing “How Might We?” questions. Second, the AI assistant provides initial ideas to launch the campaign that hold the potential to yield value beyond the specific campaign under promotion.

Acclaim Products

Acclaim Products makes it possible for product professionals to track product health, prioritize trade-offs, inform stakeholders and make faster decisions. Acclaim Products leverages AI during the onboarding process. While confusion over identifying the best key performance indicators (KPIs) has traditionally been a headache for product professionals, the AI capabilities in Acclaim Products ease the process by suggesting the best possible KPIs for specific industries. The suggested goals and KPIs in Acclaim Products are specific to what product managers in a particular industry typically track. For example, e-commerce product managers track metrics such as conversion rate and average order value, while product managers for social media or news sites look at numbers related to time on site, visitors and page views per session.

Sopheon’s innovation software offerings help organizations in five critical areas: discovery, including idea management; product management; project management; portfolio management and governance. Combining these areas is known as InnovationOps, a methodology that guides an organization through its unique innovation journey. As a result, Sopheon enables the perfect combination of creativity and structure that allows companies to respond to market needs in real time.

To view the original press release, please click here.

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