Company praised for "compressing analysis time"
An
Invention Machine product story
Edited by the Engineeringtalk editorial team
Aug 12, 2004
A new report from world-leading research and advisory firm AMR Research names Invention Machine as the leader in "compressing analysis time".
A new report from AMR Research, "Innovation management technology investment to increase hit rate", authored by Marc McCluskey, names Invention Machine as the leader in "compressing analysis time" - helping companies to reduce cycle times and to more quickly bring competitive product offerings to market.
Invention Machine's Goldfire Innovator, launched in January of this year, helps engineers to focus problem-solving and access relevant personal and corporate scientific and engineering content as well as Invention Machine's proprietary scientific effects database and pre-indexed patent databases.
In addition, Goldfire Innovator helps lead engineers to plausible solutions and enhances an engineer's ability to validate, refine and prioritise product concepts - minimising rework and costly "reinvention".
As companies struggle to bring competitive products to market quickly, Invention Machine customers benefit from accelerated ideation, problem-solving and solution-generation timelines.
"Some Invention Machine customers have reduced idea-to-concept time to two hours from two months", states Marc McCluskey, Research Director for AMR Research.
"Invention Machine is pleased to be recognised by AMR Research", says Mark E Atkins, Invention Machine President and CEO.
"Global companies, according to a multitude of industry surveys and reports, are frustrated by the low return on investment from their R and D dollars and have expressed a need to improve the process with which they address product development initiatives".
"Invention Machine has helped over 1000 companies worldwide to speed idea creation and new product development; improve existing products; improve the conversion rates of concepts-to-products; and bring structure and predictability to the art of invention - without sacrificing creativity".
Invention Machine customers benefit from faster idea-to-concept timelines, improved validation of concepts (prior to bringing them to market), and improved efficiencies throughout the innovation process - from ideation to production.
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