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What is Innovation Software? Introducing Goldfire from Invention Machine

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Invention Machine Goldfire is an innovation intelligence platform that knowledge-enables innovators across the organization, helping them more rapidly and consistently generate and validate ideas by making innovation a repeatable and sustainable process. Companies of all sizes are using Goldfire to accelerate the process of generating and validating high quality ideas across every aspect of the product lifecycle.

Why do you need Innovation Software?
That's a pretty broad definition of what Invention Machine Goldfire is, but just what is innovation software and why does a company need to use it? Well, let's go about defining Innovation Software a different way. Has your organization ever tried to do any of the following?

  • Goldfire QuoteCollect ideas to incorporate into new or existing products or determine the optimal idea among several available.
  • Discover ways to Increase the productivity of your staff, Decrease manufacturing costs or Identify alternative materials.
  • Identify new markets or develop new uses for your existing products.
  • Find ways to Leverage past and existing engineering experience across the team and hand it down to the next generation.

In short, Innovation Activities can include:

  • Improving an existing product or process
  • Developing a new product or process
  • Managing risk in a new or improved system
  • Analyzing a market or technology
  • Devising intellectual property strategies

Who Should Use It?
Anybody in your organization involved in development along the product life cycle. This typically includes your engineers, scientists, R&D department, new product development team, manufacturing engineering teams, etc. Basically, anybody involved in developing or enhancing your product or manufacturing process.

How Goldfire Works
Goldfire delivers the power of deep semantic processing with the simplicity of keyword search, providing precise concepts, ideas and answers for the wide range of these Innovation Activities. Goldfire becomes a kind of "virtual subject matter expert", allowing innovators to leverage knowledge from inside and outside the organization and across a multitude of source documents and storage repositories, including Invention Machine's own proprietary technical content.
Goldfire's semantic technology is derived from three basics sources to gather information.

  • Customer Content- this includes all of your company's shared drives repositories, individual local drives, and company e-mail.
  • WWW Content- You select any and all of the websites that could conceivably contain information pertinent to the products your company produces.
  • Goldfire Intelligence- This includes patents, articles, scientific websites, and scientific effects

Goldfire then utilizes this information to support innovation activities with three core capabilities: comprehensive opportunity assessment, optimal ideation and collaboration.
Goldfire Diagram
Comprehensive Opportunity Assessment
In general, Goldfire enables innovators to ask the right questions, understand causes and conditions, and map the needs, risks, trends and options - ultimately improving the ability to assess and address innovation challenges and opportunities.

Optimal Ideation
The core of any innovation activity is ideation: coming up with the best ideas. Goldfire optimizes the ideation process by ensuring the best ideas are surfaced and validated upfront so that innovators can quickly focus on the right ideas, and accelerate the innovation process.

Collaboration
Engineers and scientists do not work in a vacuum as they design and develop new products. They collaborate and work with a team, leveraging each other's expertise and skills to continually improve the idea and design. Goldfire supports this collaborative team approach, allowing teams of people to work together on projects and share ideas.

Goldfire further shortens time to solution by allowing innovators to easily seek input and assistance from experts within the organization. Users can post questions and receive and review responses from anywhere within the application, providing complete context sensitivity and eliminating the need to leave the innovation task or process to request collaborative help.

Benefits

  • Easy access to every day innovation tasks to drive efficiency and repeatability to the process of innovation
  • Proven ideation and problem-solving methodologies at your fingertips
  • Precision access to the most relevant concepts and smartest thinking in the world, or in your company
  • Exclusive access to proprietary, technical content not found like this, anywhere else.
  • Tightly integrated, and incredibly powerful tool to solve your most complex, technical innovation challenges

Bottom Line
Invention Machine Goldfire makes innovation repeatable and sustainable. The software empowers innovators with precise innovation intelligence so they can deliver the right products the first time and fuel the product pipeline with cost effective, competitive products. Goldfire by Invention Machine will help you build better products, enhance your manufacturing process, and improve your bottom line.

Please contact us if you would like to learn more about Invention Machine Goldfire software and how it can help your organization. You can also join us for one of our informational webinars on Goldfire.  Click here to see an up to date invite.


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