The latest edition of the Innovation Spend & Trends Report has just been released onsite at this year’s FEI: Front End of Innovation conference, held in Boston. Brought to you by FEI and All Things Innovation, this benchmarking report showcases how innovation leaders are changing mindsets, shifting priorities and spending allocations as they balance their innovation efforts with the current economic environment.
The FEI and All Things Innovation community completed a comprehensive survey covering what innovation executives are thinking, how they’re spending and the issues they face. Per the results, this is a senior-level, experienced, cross-industry group that signals a broad range of business-oriented preferences and strategic insights focused on the innovation industry as a whole.
In terms of the big picture, a key question in this year’s survey was, “Is innovation in a downturn/recession more about cutting costs or finding new revenue streams?” Find out what innovation executives had to say about this topic in this year’s report.
In addition to identifying the biggest strengths, weaknesses, and threats to their businesses, executives in the field also looked back and ahead at their greatest opportunities and challenges as they set the stage for the second half of 2023 and beyond. For example, digital transformation is a key topic in this year’s Innovation Spend & Trends Report, as innovation executives weigh in on the issue of advancing technology in their data capture, analysis and visualization needs.
Short-term goals versus long-term thinking? Guiding enterprise strategy versus not aligned to the business? Find out what your peers and colleagues are thinking in the report. This year, as innovation teams aim to do more with less, while still having an impact and influence on the business, the Innovation Spend & Trends Report can be an invaluable guide to support strategy, benchmark standards and priorities for the coming year.