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CrowdWorx Innovation Engine
4.9
16
CrowdWorx is a SaaS idea management solution for small and midsize businesses that offers tools for crowdsourced idea evaluation. It can be deployed on-premise or hosted in the cloud. Key features include social forecasting, cost management suggestion collection, employee engagement tools, and gamification. The campaign module helps users create and launch a platform to collect ideas from groups of employees, and campaigns can be deployed for a specific time period. The solution also offers open innovation and crowdsourcing functionality, allowing users to use market research information such as price points and volume estimations.
Strengths
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Collaboration
Allows for easy collaboration and idea sharing among team members
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Customization
Can be customized to fit the specific needs of a business
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Analytics
Provides detailed analytics and reporting on innovation efforts
Weaknesses
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Cost
May be too expensive for small businesses or startups
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Learning Curve
May require some training or a learning curve for new users
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Integration
May not integrate seamlessly with other software or systems
Opportunities
- Growing market demand for innovation management software
- Opportunity to expand into new markets or industries
- Opportunity to form partnerships with other software providers or innovation consultants
Threats
- Competition from other innovation management software providers
- Potential impact of economic downturn on businesses' willingness to invest in innovation management software
- Potential security risks or data breaches that could damage the reputation of the software provider
Ask anything of CrowdWorx Innovation Engine with Workflos AI Assistant
http://www.crowdworx.com
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Media
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CrowdWorx Innovation Engine Plan
CrowdWorx Innovation Engine offers a tiered pricing model with three versions ranging from $5,000 to $25,000 per year, each with increasing features and capabilities.