Innovation Fact #11 💡 More companies are shifting from traditional R&D to inclusive operating models such as open innovation, design thinking, and collaboration with customers, partners & suppliers. (Source: PWC) #WIForum #Innovation #OpenInnovation #InnoStats

Innovation Fact #19 💡 Around 93% of Executives say organic growth through the innovation process can contribute to greater revenue growth. (Source: VisionCritical) #WIForum #Innovation #OpenInnovation #InnoStats

Innovation Fact #49💡 A survey by IDC says, nearly 40% of CIOs will be co-leading the innovation process in organizations & by 2022 it will be nearly synonymous with disruption. (Source: IDC) #WIForum #Innovation #OpenInnovation #InnoStats

Innovation Fact #61💡 According to market research, 53% of marketers say revenue growth & customer experience are the top innovation drivers. And 45% believe it to be developing new products and services. (Source: Gartner)  #WIForum #Innovation #OpenInnovation #InnoStats

Innovation Fact #67 💡 84% of respondents or consumers say they give importance to the innovative factor of a company while purchasing a product. (Source: Lab42) #WIForum #Innovation #OpenInnovation #InnoStats

Innovation Fact #82💡A global study of 1200 organizations revealed 54% of executives struggle to bring alignment between innovation strategy and business strategy. In addition, 61% of respondents encourage #openinnovation for generating new ideas. (Source: PWC)#WIForum #InnoStats

Innovation Fact #86 💡 In a survey of 2500 innovative leaders, 30% said they are actively focusing on AI-based innovation & programs to impact their business in the next two-five years. (Source: BCG) #WIForum #Innovation #OpenInnovation #InnoStats

Innovation Fact #98 💡 To increase #innovation here are some initiatives firms take to encourage employees: give incentives for innovative accomplishments, support for external workshops or training & offer an innovation-focused activity or events. #WIForum #InnoStats

Innovation Fact #107💡 54% of companies say their customer engagement strategy drives innovation from early ideation. Whereas 35% of them consider their customers as the most important innovation partner. (Source: PWC) #WIForum #Innovation #OpenInnovation #InnoStats

Innovation Fact #112 - During the 1600s, Innovators were considered troublemakers. At that time, #innovation means chopping off your ears and living the rest of your life behind bars. Thankfully, times have changed, let's embrace innovation! #WIForum #InnoStats