I-KPI Solutions Inc. Helps Businesses Track Innovation Key Performance Indicators in Real-Time

VANCOUVER, British Columbia - April 8, 2023 - PRLog -- Innovation is crucial for businesses to thrive and stay competitive in today's rapidly evolving market. However, measuring the impact of innovation can be challenging, especially for small and medium-sized enterprises (SMEs) that may have limited resources. While different approaches to measuring innovation exist, identifying and tracking the right key performance indicators (KPIs) is essential. Many businesses struggle to measure innovation because it is an intangible concept that lacks concrete metrics. This raises questions about whether innovation can be effectively measured and if implementing innovation KPIs is worth the effort, particularly for SMEs. Despite these challenges, formal metrics can provide valuable insights into innovation output over time and inform better business decision-making.

To address these challenges, I-KPI Solutions Inc. is developing a data-driven, AI-powered digital platform called "I-KPI." This platform focuses on identifying and tracking innovation key performance indicators to provide detailed data infographics and analysis, enabling businesses to better understand and manage their innovation initiatives. By collecting and measuring the necessary innovation indicators, I-KPI provides insights into the potential and actual impacts of innovation projects on the specific project or the company as a whole. This approach ensures that businesses are tracking the right KPIs and avoiding problems such as untracked activities or measuring too many things at once. Ultimately, the use of effective KPIs is critical for evaluating the success of innovation projects and demonstrating their commercial value to stakeholders.

About I-KPI Solutions Inc.: I-KPI is a digital platform that tracks innovation key performance indicators in real-time and displays them to users in simple data visualizations that allow them to notice patterns at a look. (https://i-kpisolutions.com/)