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Technology / AI and automation

Invention Machine launches new task-based innovation software

According to the company, Goldfire 5.0 builds upon its innovation technology. The software’s new user interface provides a flexible approach to innovation as it enables users to navigate through more than a dozen critical innovation tasks, from designing new products and fixing defects to identifying new market opportunities and analyzing technology trends. It is expected to allow innovators to define their own innovation tasks, based on the level of problem they are looking to solve, from root cause analysis and function modeling to technology evolution and trend analysis.

In addition, Goldfire 5.0’s innovation metrics give executives and managers a snapshot of the company’s innovation landscape, trends and program successes as well as detailed view of specific projects with the click of a button, the company said.

James Todhunter, chief technology officer at Invention Machine, said: Companies are under tremendous pressure to deliver market-leading products quickly and cost effectively. With Goldfire 5.0’s task-based innovation approach, companies can easily operationalize every day innovation and deliver the right products the first time, consistently.

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CBR Staff Writer

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