Enterprises can improve their business operations by deploying innovation management solutions. However, there are no calculable metrics to evaluate the return on investment (ROI) from the use of these innovation management solutions and services. As a result, enterprises that use innovation management solutions are unable to generate consistent ROI from these solutions. Innovation Management Market platforms must be integrated with various enterprises' implemented strategies in order to determine certain Key Performance Indicators (KPIs) that can be used to track the level of participation of stakeholders in innovations, such as employees, customers, and partners. To track and attribute business value generated by innovations, enterprises must consider the appropriate KPIs in accordance with top-level management.
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