All Announcements

Next Lab Software Update: Version 2.5.0 Release

Announcement
Release

We're excited to announce the release of Next Lab Software v2.5.0, featuring a major enhancement to your innovation workflow with our new Intelligent Innovation Assistant.

Introducing the Intelligent Innovation Assistant for Teams

The centerpiece of this release is our new AI assistant now available in your team spaces. This intelligent tool seamlessly integrates with your existing innovation data to provide:

  • Context-aware insights drawn from your innovation opportunities and portfolios
  • Natural language processing capabilities that understand your innovation terminology
  • Actionable workflow integration letting you create opportunities, manage expenditures, and analyze portfolios directly from the chat interface

 

Key Features

  • Create opportunities on the fly - Simply describe your idea in the chat, and the assistant will help structure it into a formal opportunity
  • Portfolio analysis - Ask questions about your innovation portfolio and receive data-driven insights
  • Expenditure management - Add or track expenses for opportunities through natural conversation

 

Additional Improvements

  • Small bet linking - Enhanced reporting with small bets now linked to LFI (Learning From Investment) implications
  • Improved analytics with Mixpanel integration for Innovation Assistant interactions
  • Bug fixes and performance enhancements throughout the platform
  • Streamlined workflow for adding small bets as LFI implications

 

This update represents our commitment to making innovation management more intuitive and powerful. The Intelligent Innovation Assistant learns from your team's unique innovation language and processes, becoming more valuable over time.

 

The update is being rolled out to all users starting today. We welcome your feedback as you explore these new capabilities!

 

Intelligent Innovation Assistant Command Guide

 

Here's a list of questions and commands you can use with your new IIS AI Assistant:

 

Search & Analysis

  • Search for an opportunity with name: <<name to search>>
  • Analyze my opportunities that are in the <<stage>> in the next cycle
  • Analyze my assumptions vs knowledge
  • Show me my portfolios
  • Analyze my portfolios
  • Analyze all my opportunities

 

Budget Management

  • What is my global innovation budget?
  • Update my innovation budget to: one million.
  • Add an expenditure to <<opportunity name>> of 5,000 on July 1st 2024
  • Update <<opportunity name>> opportunity budget to fifty thousand
  • Update <<portfolio name>> portfolio budget to 250000

 

Opportunity & Portfolio Management

  • Add <<assumption description>> as an assumption to opportunity <<Opportunity name>>
  • Get all my opportunities in the <<portfolio name>> portfolio
  • Create an opportunity with name <<opportunity name>> in portfolio <<portfolio name>> with a budget of <<budget>>

 

Hypothesis & Small Bets

  • Add a <<small bet description>> as a Small Bet to hypothesis <<hypothesis id>> with LFI <<lfi text>>, Outcomes <<outcomes text>>, LFI Implications <<implications text>>
  • Update Small bet LFI with id <<Small Bet Id>> LFI <<lfi text>>
  • Update Small bet with id <<Small Bet Id>> LFI <<lfi text>>, Outcomes <<outcomes text>>, LFI Implications <<implications text>>
  • Update hypothesis <<hypothesis id>> with description: <<desc text>>, result <<True|False|Untested>>, hypothesis type <<Assumption|Knowledge>>