Web-Based Platform for Computer Aided Innovation : Combining Innovation and Product Lifecycle Management

Innovation is one of the main drivers of business success. Using computers and special software applications in support of innovations cannot only shorten the whole process of bringing an initial idea to life, but it can improve the overall decision making process. Moreover, aligning innovation management and product life cycle management (PLM) helps organizations in gaining and reusing important knowledge to be one step ahead of the competitors. This chapter provides a practitioner's view on the current situation, deployable solutions, current trends and future developments in the field of computer aided innovation (CAI) and product lifecycle management. A web-based Platform will be illustrated as an example of computer aided innovation