E-commerce Disruption & Digital Innovation

The Challenge

Consumer electronics companies have had to adapt to the increasing demand for smart home devices. For example, Bose introduced smart speakers and soundbars with built-in virtual assistants to meet consumer preferences for connected homes.

With technology evolving at an unprecedented pace, companies must be agile enough to adopt and integrate new technologies into their products. This means staying on top of the latest developments in areas such as audio processing, wireless connectivity, and smart functionality.

The Solution

Capsifi enables organizations to proactively manage innovation and harvest innovative ideas from all corners of the organization. Through its use of the idea management and innovation board, Capsifi collects, maintains, and prioritizes ideas for technical innovation and improvement across the product portfolio as they arise, providing a diverse backlog of ideas to draw upon when needed.

Capsifi also allows organizations to assess their operating model for digital readiness and agility, allowing them to plan, pivot and respond to consumer demand for technologically advanced products and experiences. By managing catalogues of technical redundancy and debt, Capsifi helps organizations mitigate the risks that stand in the way of digital innovation.

Here’s some practical ways the Capsifi platform can address and resolve these industry-wide challenges:

• Use Idea management with business outcomes categorized by technology categories
• Use digital readiness – or other technical viewpoints – assessments on your operating model to ensure ongoing technical agility
• Proactively manage tech redundancy and technical debt – both blockers to rapid technical adaptation