UDIG IT INNOVAT MANUAL

Eliminate Irrelevant Results: Data-driven startup scouting uses rule-based methods to eliminate irrelevant startups, giving you more time to focus on the relevant ones.This makes data-driven startup scouting the new norm and moves it from a process-driven approach to an outcome-driven approach.Īnd these are not the only advantages of data-driven startup scouting: SaaS leverages Big Data & Artificial Intelligence to enable data-driven startup scouting that saves weeks of desk research, delivers relevant results instantly, and gives you an exhaustive list of potential partners by scanning the entire global startup ecosystem – not just a fraction of it. That is why more and more global industry leaders rely on Software-as-a-Service (SaaS) companies to take over.

UDIG IT INNOVAT MANUAL

However, as digitalization brings firmographic data from companies globally online, manual desk research becomes ineffective, inefficient, and increasingly expensive. In the process, they needed to analyze hundreds of irrelevant startups to find one relevant one. Traditional startup scouting relied on desk analysts who would go through company documents for days, if not weeks. Let’s take a look at how data-driven startup scouting gives you a competitive advantage! Why Data-Driven Startup Scouting is the New Norm Adding the data-driven aspect to startup scouting makes it the most efficient way for corporations to become more competitive through identifying external innovative solutions that match their short-term and long-term corporate strategy. Startup Scouting involves a methodical search of the most relevant startups with the potential to further an organization’s innovation agenda. Startup Scouting – sometimes also called Startup Sourcing – is an important part of Innovating Scouting which leverages innovation intelligence to identify industry trends, technologies, and startups. What is Startup Scouting?īut first, what is startup scouting? We define Startup Scouting as the process of identifying startups and scaleups that can support an organization’s innovation goals with partnerships, acquisitions, or onboarding them as vendors. This is where data-driven startup scouting comes in. You need technology to dig into these data points and identify the most relevant startups, scaleups, and partners that match your needs. This makes it impossible to cut through the noise manually. The challenge here is that in the current age of information and innovation, we get swamped with incredibly large amounts of information every day.

Going beyond startups, companies also engage in partner scouting or supplier scouting to identify relevant research institutions, vendors, technology hubs, and more.

The talents they look out for are game-changing startups and scaleups. Successful businesses aren’t much different. Think about successful sports clubs – they have scouts around the world that keep an eye on emerging talent to bring them to their team.

Udig it innovat