The innovation tool developed by VTT Technical Research Centre of Finland,
intended for the software market, is called SinnoBoK (Software Innovation Body
of Knowledge). It is a network community, SinnoBoK.Org, offering innovation
solutions that software companies can utilise in order to achieve new
innovations in their business area. The market situation in the software
business will be changing more and more rapidly in the future, increasing the
importance of developing new business models.
VTT studied how new business inventions, and new innovations implemented in
existing products, are made in the software business. The study examined the
innovation process in the software business, its openness, and where the ideas
for new innovations come from and how they are handled in the companies. The
SinnoBoK.Org network community was born as a result. It is connected to the
business models of software companies, and it was developed in close
co-operation with the Belgian Sirris (http://www.sirris.be/).
Continuous development of new business operations is a vital requirement for
software companies, due to the variable and competitive nature of the software
market. SinnoBoK describes how software can be utilised in the development of
new business operations, and analyses the strengths of the companies’ current
innovation processes and the challenges they face. SinnoBoK can be used to
develop different processes and innovation tools in the software business,
enabling the company to achieve better results in its business operations.
The innovation processes of software companies and the possibilities of social
media in the development of innovation tools have not previously been studied
this extensively. SinnoBoK is designed for software companies, but in the
future, it can also be applied to other fields.
The SinnoBoK study is part of the ITEI project (Information Technologies
supporting the Execution of Innovation Projects). A total of 29 different
organisations are involved in the project. ITEI will continue until spring
2011, and a follow-up project is being planned. A book will also be published
based on SinnoBoK as the project moves ahead.
ITEI -project: http://itei.vtt.fi/
SinnoBoK -video: http://www.youtube.com/watch?v=eglJKHJtnZ8