50% of companies are unhappy with their innovation, according to a survey by Archstone Consulting. These 50% of companies have a plan on increasing their spending on innovation in the next few years. The reason 50% of companies want to increase spending is to see if it will help them find the right employees and ideas to be more innovative. Products are going to be driving the market so the 50% of companies who are unhappy need to find a solution.
The 50% of companies polled stated they may use state of the art approaches or at least 5% of these companies will. In that way perhaps technology can help them become more innovative. Techniques that may be used include open networks and innovation based metrics.