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Bizofit – Best Open Innovation Platform & Network

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Bizofit (pronounced Biz of IT) is the best Open Innovation Platform for Enterprises and Technology companies. The Mobile Innovation Platform is called “Innovation HQ”. ‘IT’ in ‘Biz of IT’ does not stand for Information Technology; it stands for “Innovation & Transformation”.

Bizofit’s Open Innovation platform enables enterprises to discover and connect with startups on a “globally curated” platform. The platform also helps enterprises and startups to collaborate and build solutions.

Via Bizofit / Innovation HQ platform, Enterprises post Innovation Challenges and Business Problems and crowdsource Ideas and Innovative solutions. Tech companies use the platform to reach CXOs and generate “Digital” Leads.

The platform is designed to help Enterprise CXOs crowdsource Innovative Ideas and Solutions, and to operationalize Ideation and Innovation. Focus areas are Digital Technologies, but the Platform can be really used in any organization to seek and submit ideas / solutions.  Employees, ecosystem partners i.e. customers or vendors, or anyone can send you ideas and solutions, depending on your preferences. Every user is validated through his/her LinkedIn profile.

The Technology companies on the Platform are curated, and Ideas and Solutions are vetted.

Tech companies can use the Platform to generate Leads, if Enterprises are interested in their Ideas / Solutions.

Several cool features like ‘Like’, Thumbs down, Forward and Replies are included. Some of the upcoming features include Rating of Ideas, and much more.

Other features include the ability to Identify, Evaluate, and Select Technology Solutions through our proprietary 4P SUGAR Quadrant Framework. SUGAR stands for “Specialized User Generated Aggregate Rating”. Only Customers and Analysts rate companies and solutions on the Platform.

Bizofit was launched by IT Services industry veteran Bala Palamadai to disrupt the Technology space, by challenging the Status Quo – based on Legacy sourcing approaches, Legacy Service Providers and Legacy engagement models – that resulted in sub-optimal solutions, huge costs and limited adoption of Transformational solutions in several organizations. Identifying a new Technology vendor takes up to nine months – an unacceptably high time frame in today’s world. Also, a little-known fact is that new customer acquisition often costs as high as 20-30% of revenues for IT Service Providers, a cost which ultimately is borne by Enterprise Customers.  Through adoption of its Platform, Bizofit seeks to eliminate these inefficiencies and reduce costs, and most importantly present Enterprises with Transformational & Innovative Digital Solutions.

Ideate & Innovate!

Keywords: Open Innovation, Crowdsource, Ideas, Ideate, Innovate, Innovation, Innovation Pipeline, Post Challenge, Post Solution, Digital Solutions, Technology solutions, Social, Mobility, Analytics, Cloud, VR, IoT, Bots, Blockchain

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