Invention Machine announces availability of Invention Machine Goldfire 5.5

BOSTON - Invention Machine today announced the availability of Invention Machine Goldfire 5.5, a powerful platform that can further accelerate product innovation and increase productivity by 20-30 percent. The company also announced the launch of Invention Machine Goldfire Insight, a new configuration that simplifies research and redefines the role of intelligence in innovation. Goldfire Insight is designed for broad deployment across the entire innovation community, including new business development, strategic planning and competitive analysis teams.

Goldfire, Invention Machine’s flagship innovation software, operationalizes and sustains the product innovation process. It guides innovators through specific innovation tasks and appropriate workflows so they can deliver the right products the first time, as well as track innovation trends within an enterprise, all in real time. Global 2000 manufacturers in more than 25 countries use Goldfire to translate ideas into market-leading products, from rocket engines and algae-based biofuel to anti-leak toilet valves and cardiac stents.

“At Boston Scientific, we are committed to delivering innovative medical technologies, and Invention Machine Goldfire is integral to our innovation and product design process,” said Randy Schiestl, vice president, R&D, Boston Scientific. “The new software will allow us to expand deployment and empower more people so they can research customer needs efficiently and identify the right solutions quickly, increasing our ability to ‘deliver what's next’.”

Version 5.5 builds on Goldfire’s powerful innovation platform. Its new knowledge navigator capability fosters innovation collaboration by accurately reconstructing a user’s past thinking and research process. Goldfire’s enhanced semantic technology automatically categorizes concepts and ties relevant intelligence to the innovation initiatives, all within minutes. With Goldfire 5.5, engineers and scientists can deliver new products even faster, at a lower cost and increase productivity between 20-30 percent -- the time spent by innovation workers looking for actionable information.

Goldfire Insight, the latest member of the Goldfire line, supports essential problem analysis and problem solving capabilities and research work models. Goldfire Insight is designed for broad deployment so the 80-90 percent of innovation workers dealing with vital, yet common, every day innovation activities can leverage the product effectively. These tasks can range from solving problems for customers and resolving field situations to researching competitor landscapes and ways to reuse existing technology.

Numerous best-in-class companies rely on Invention Machine’s innovation software to stimulate their Innovation Intelligence EcosystemTM, a framework for delivering precise and relevant intelligence from various sources. A well designed ecosystem can significantly increase productivity of the entire innovation community, from disruptive and strategic innovation initiatives to simple innovation tasks. The Innovation Intelligence Ecosystem’s end goal is creating a sustainable and repeatable process, which accelerates product delivery as well as increase revenue and competitive edge.

“Actionable knowledge is vital to continuous and repeatable innovation,” said Jim Todhunter, CTO, Invention Machine. “Goldfire, a key component of the Innovation Intelligence Ecosystem, links the community of innovators to critical intelligence thereby driving sustainable innovation and boosting productivity of every day innovators.”