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72% of BCG's and 84% of the McKinsey's
Global Survey participants say that Innovation is either No. 1 or in the Top 3 items of their strategic initiatives.
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Nearly the same percentage as
above sees a significant rise (≥ 10%) increase in spending on innovation initiatives in 2011..
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Key areas of investment will
include product Development (62%), Idea Generation (42%), Testing (37%), Design (36%), Basic Research (36%).
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70 - 85% of the respondents
indicate focus to be on 'New to World offerings', 'New offerings that allow expansion into new customers' and New offerings for existing customers' rather than Minor Changes to existing offerings and Cost Reductions for existing offerings.
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McKinsey research points to opportunities
being the biggest in the Professional Services Vertical with almost all the sectors pointing at growth in their core business.
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All research including Booz,
Cap Gemini, McKinsey and BCG point to Commercialization as the biggest impediment to Innovation; with causes in Culture, Risk Assurance, Processes and Capabilities as the majority of symptoms.
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Hreem ?

Hreemm in Vedic terms refers to illumination (energy) that increases receptivity to divine light, wisdom and truth.


Hreemm is the inner energy of consciousness. Our Innovation Engine as Hreemm, baptized after this energy core, has an ensconced intent to facilitate the continuous process of inner transformation, dispelling illusion and ignorance in the customer enterprise. Innovation cannot happen in isolation. Collaboration is instrumental in excelling in today’s networked world. Bringing ideas across a value chain contextually to drive competitive and innovative differentiation at the right time and the right rate is the key goal of the innovation network. Such a network while creating the energy and excellence at individual, enterprise, and societal level will produce immensely fruitful results in the society on a sustained basis.

Towards this goal, Hreemm as the Innovation engine of Acropetal will promote responsive development of Intellectual Property (IP) through its alliance programs with universities and other business partners while encouraging and promoting the universe of customers to build Communities of Interest (COI) and co-create IP as well. Innovation is all about discovering the potential and bridging the gap with performance.
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Hreemm is a platform that provides us with the opportunity to experience business solutions before they can be implemented in the business. It is a triad of processes that allows enterprises or groups of individuals to create new business models, processes and systems by advancing Concepts / Ideas to Prototypes and Real Life Implementations, intelligently understanding the details and implications involved with the decisions they make. It extends from the Social Engine, providing a rich source of resources from the ecosystem including talent, technology, experts and business partners to collaborate and bring to life solutions at a faster rate and with greater agility, risk assurance and reduced costs.

Customers can use the above triad of processes on-demand, to manage their Innovation Pipeline using the Hreemm platform on a global basis, with physical and virtual teams, engaged in all modes of collaboration. The meta data and the architectural models built are secure; as customers have the opportunity to create a Virtual Private Network (VPN), with bothon-premise, cloud, and a hybrid solution available. Check this space out for more announcements. We welcome our Customer Universe to participate in a beta trial. You can write to inquire©acropetal.com or request for a RFI/RFP.