Who is Fourier?
Fourier Approach is a privately owned company that focuses on industrial engineering , development, integration and support of information systems and infrastructure.
News > Fourier and RIIS turn company innovation into financial returns
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Innovation can be turned into financial returns. RIIS and Fourier are in partnership to offer Innovation and Open Innovation services and software to the South African Market. By harvesting innovative ideas, put minimal resources behind the ideas, companies are saving millions of rands per year. Innovation development offers employees the opportunity to make a difference, because they have the know-how to suggest innovative ideas to make money or save money. Marketing and production companies, TV shows, are doing this for years now. They put a platform down, with some incentives, and open the challenge to the public. And they get results.
Old Spice advertisement on YouTube is an example. They featured a video advertisement off a very attractive man in a towel in the bathroom, claiming that ‘your man does not look like this, but he can smell like him!’ They then invited the public to send ideas how the advertisements should continue, and in two days got thousands of ideas. They produced and published some of the best ideas. Old Spice sales world-wide more than doubled in that time. Investment into advertisements = two days filming in bathroom, add some open innovation, returns = in the millions. Who knows what would make woman buy this product for their men, the women out there. There ideas were the best to attract more women to look and react on this advertisement campaign.
It is important to market innovation in the organisation, and very important to manage innovation. RIIS worked in innovation for ten years now, and offers their IP and know-how as a service to drive innovation in the organisation.
Fourier, with the help of RIIS, wrote a system to automate innovation management. Novixo handles ideas from marketing and driving the initiative, to where the ideas go through a process to delivery. Measurement makes sure that you can track the returns of your innovation initiatives.
Novixo is an innovation management system. The system uses a process to guide the management of ideas and innovations within a company.
For more information, please contact Kobus Fick at fickjj@fourier.co.za , 0126673232
Here are some of our products...
With industry maturing and developing new innovative solutions and approaches, efficiency and effectiveness across the entire supply chain is key to achieving a competitive edge. Best practises from other industries are adopted and applied to cash that promises major cost savings and improvements.
Our Industrial Engineers ensure that processes are critically reviewed and re-engineered. The impact and value-added contribution of any proposed change to an activity or process is calculated, evaluated and predicted to ensure that the most value is added and that companies make the right decisions the first time, every time.
Business Activity Monitoring (BAM), using principles of Business Intelligence coupled with real-time application intergation, is ideal to monitor and provide timeous feedback on process performance.