At Katalyst Technologies Inc. we work seamlessly across multiple industries and locations, making us a trusted technology partner for servicing your enterprise. We take pride in calling ourselves a best-in-class software, technology services and solutions provider.
As a rapidly growing company, Katalyst has adopted a Process, People and Systems model for achieving our goal, detailed in the five-year plan.
We understand that in today’s world, market competition is increasing rapidly and dramatically, forcing companies to look for new avenues to survive in the exponentially changing technological era. Innovating ideas in processes and products is the only way to establish oneself in the competitive market.
Various innovation models are available for companies to explore but one size doesn’t necessarily fit all. The innovation generation models are classified based on business processes such as Technology push, Market pull, Demand pull and Portfolio management. The following is a high-level timeline for Innovation generation models.
Thanks to the Internet, the sixth-generation models have helped the interaction networks and innovation systems. In contrast to the previous versions, the sixth generation focused more on the external ideas and open networks, while, at the same time, keeping the importance of opening up to new markets.
The new generation models, based on the lessons learned from the previous generations, focus on the following:
- The process within the model includes idea generation, development and implementation.
- Innovation is initiated by technology push, market pull or both.
- The framework focuses on organization configuration, process, product, service and customer experience.
- Continuous feedback system.
Doblin’s ten types of innovations are a new generation innovation framework. A detailed explanation of the kinds of innovation is available on their website www.doblin.com/ten-types.
With a defined business strategy and framework for innovation, Katalyst was able to understand where we stand and what we need to do to improve, while an innovation maturity model has helped supplement our growth.
Further, Katalyst’s innovation team created the ‘Katalyst Innovation Kitchen’ to help all employees provide a better experience for our customers. The Innovation kitchen helps in bringing Machine Learning platform using Conditional Random Field Segmentation models to our tools like Casper and EditGenie. Casper is our tool used in the pre-editing and copyediting process and extremely helpful to our e-Publishing vertical. EditGenie, on the other hand, is a sophisticated, XML-based, Online Correction Tool (OCT) that offers a Word-like display and allows authors to incorporate corrections directly into the XML and renders that output as multiple flavors of PDF and HTML.
Katalyst’s Innovation Kitchen is also busy in preparing Celero 2.0 which is a multi-tenant Warehouse Management extension for Apparel and Fashion ERP. Celero 2.0 comes with many Artificial Intelligence (AI) capabilities in the wave picking and allocation process. Our optimized pick path algorithm (A* algorithm) helps the warehouse staff to effectively and efficiently pick the items for a customer orders using mobile-enabled routing and picking.