Traditional innovation dashboards tend to look at three basic areas of measurement: 1) innovation input and mix (what's going into your innovation pipeline in terms of the types of innovations in the queue), 2) innovation health and efficiency (the flow-rate through your pipeline and the amount of funding being applied), and 3) innovation outcomes (the measure of your return on innovation in terms of the number of innovations that have made it through to commercialization and have captured revenues or other strategic or financial objectives).
These dashboards will need to be revised to report on ecosystem
metrics in terms of the percentage of ecosystem-related ideas in
the queue, the flow-rate of these ideas through the pipe, and the
return on ecosystem investment compared to the flow-rates and
returns of the more traditional products and services in the
queue.
In summary, just as digital business is requiring corporate
innovation programs to fine-tune their sights toward a new set of
target business objectives, the growing ecosystem and platform
economy will undoubtedly necessitate changes in innovation program
design and operation as well.