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A change of perspective
Today’s business moves at the speed of thought and the future depends on a company’s ability to innovate and bring new thinking along with new products to the marketplace. As our customers face the pressures to meet and exceed expectations, so too does EPAM strive to deliver beyond traditional engineering and integration services. Innovation for EPAM goes beyond supporting individual contributions or generating clever ideas and inventions. For us, Innovation is a drive and a commitment to serve as a catalyst to our customer’s transformations. EPAM’s commitment to Innovation goes beyond concept to drive significant and measurable impacts in our customer’s products, processes and services.
While the idea of Innovation is ubiquitous and just about every organization in business today strives to innovate faster, better and cheaper, few organizations are able to take innovation methods and practices to repeatable results without help. EPAM builds the processes of Innovation, whether breakthrough, incremental or open source, into each of our engineering engagements. Depending on the client, innovation initiatives range from embedded practices to drive incremental improvements in core services, all the way to dedicated Innovation Labs with R&D budgets and quarterly scorecards. The advantage of this embedded innovation approach is that the results of these efforts are always measurable and the outcomes are pre-integrated with existing core engineering and integration functions.
EPAM Innovation Labs today generate hundreds of ideas for improving products and services that help our customers gain and maintain their edge in their industries. By bringing a range of diverse perspectives together through our innovation platform, we are able to expand beyond traditional engineering services and become a true partner in our client’s success.
Platform for Innovation
Today, the EPAM Innovation Management platform helps our internal Industry Groups, Competency Centers, and our clients support their own Innovation Labs via a scalable blueprint. The platform enables global, distributed teams (including EPAM staff and our clients’ employees) to focus on Process Improvement and New Product Development and Enhancement by establishing and systematizing key collaboration and crowd-sourcing practices. The platform tools are continuously enhanced with new and emerging technologies for visioning, collaboration and information sharing both within EPAM and across our clients.