An innovation dashboard is a synthesized view of an innovation portfolio’s performance. The reporting format can range from a sophisticated data visualization updated in real time, to a few numbers periodically updated on a team’s whiteboard!
Good innovation dashboards report innovation metrics that enable the audience (often senior business & innovation leaders) to effectively manage their innovation portfolio(s). Those metrics typically capture information about the innovation portfolio’s performance, e.g.:
- outcomes forecast or achieved,
- the current status of projects in the pipeline
- inputs/resources used
- measures of the speed, efficiency or efficacy of the innovation portfolio
The diagram below illustrates the information one survey participant’s organization reports on their innovation dashboard—download the full report for further information.