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Innovation and Lifecycle Management
Innovation and Lifecycle Management
Improving Speed to Market
For most of the world’s companies, all is not well in the vital area of new product or service development. Time to market is too long, costs are too high, timetable and cost overruns are too frequent and post-launch errors requiring expensive fixes are too numerous. These are truths universally acknowledged by all those involved and, furthermore, increased rate of market change and regulatory pressures exacerbate the challenge.
Now imagine error free new product or service launches that occur 20% faster and also incur reduced development costs. An impossible dream?
At Capgemini, we believe these benefits could be achieved right now – but only with a totally new approach to collaborative programmes, coupled with effective deployment of our Innovation Lifecycle Management (ILM) approach.
This section includes:
The benefits of Innovation and Lifecycle Management
- Reduced lead-time to market of up to 50% for new products and services
- Lower failure rates for innovations
- Higher customer satisfaction rates with innovative new products and services that are correctly targeted at specific customer requirements
- A lower rate of obsolescence for existing products and services
- Tighter control and management of product and project portfolios leading to greater budget control and development cost reductions of up to 20%
- Greater data accuracy and improved information sharing
- Up to 20% increase in revenues
Capgemini’s approach
Capgemini has a four strand approach to Innovation and Lifecycle Management:
- ILM Assessment - In order to identify and value ILM-related improvement opportunities this involves executive and department head interviews and a rapid analysis of industry leading practices in comparison to your current process, organisational and technology benchmarks. We recommend this approach for any business that does not have an ILM strategy and has not begun an ILM programme that is already delivering real business benefits in innovation delivery.
- ILM Transformation Engineering - This strand enables a business to quickly assess the critical technical and architectural design requirements in order to deliver an informed agenda based selection process for the technologies that will be required to create an enterprise-wide ILM solution.
- ILM Implementation, Planning and Execution - At Capgemini, we strongly believe that an ILM implementation can only happen by transforming the way the business works. This explicitly involves a business’ people, its processes and its technologies. This strand sees the development of conceptual and detailed process designs utilising our standard business process and organisation flows as well as technology configuration and customisation, legacy system integration and data migration. Our implementation teams support design through to delivery and steady-state service.
- Business Process Outsourcing of Design - This new strand provides the capability for Capgemini to support the outsourcing of product development processes.
Capgemini can begin by helping you to assess how efficient your organisation’s ILM processes are.
Success Stories
UK Research Establishment
Achieving a ‘programme led’ organisation.
UK Lubricants
Balancing a managed and optimum portfolio of products.
UK Tobacco
Developing a managed global innovation funnel.
UK Utility
Designing an enterprise-wide capital investment solution.UK Pharmaceutical
Managing specifications globally.
UK Household Electrical Products
Establishing a business case for ILM improvement.
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