"…Bain supports the full innovation lifecycle
across the discover, validate, build, and commercialize phases," an
independent research firm concludes
BOSTON, July 2, 2024
/PRNewswire/ -- Bain & Company has been recognized as a Leader,
the highest category ranking a firm can receive, in The Forrester
Wave™: Innovation Consulting Services, Q2 2024. "Clients
that seek holistic innovation advisory, anchored in a
C-suite-mandated innovation strategy, are well placed to work with
Bain," wrote Forrester.
According to the report, Bain "has developed a sophisticated
approach to organizational change, which was highly recognized by
reference customers." Reference customers also highlighted that
Bain was "highly invested in their success, adapted quickly to
their culture, and focused on capability building in the client
organization."
"We are thrilled to be recognized by Forrester as a leader in
Innovation Consulting Services," said Dunigan O'Keeffe," a San Francisco based Partner and head of Bain's
global Strategy practice. "In today's rapidly changing environment,
having strong innovation capabilities is a strategic imperative for
our clients as they pursue full potential."
Forrester's report also recognized Bain for following "a branded
playbook for innovation strategy alignment, based on its "today
forward and future back" approach, supporting organizations in
articulating investment needs, opportunity spaces, and value
propositions for innovation."
According to the report, "Targeted at innovation portfolio
derisking, Bain supports the full innovation lifecycle across the
discover, validate, build, and commercialize phases." It also found
that to create sustainable delivery, "Bain emphasizes innovation
ecosystems to drive informed 'buy-partner-build' decisions and
art-of-the-possible experiences."
"Innovation is a muscle that is challenging for many of our
clients to build," said O'Keeffe. "This recognition from Forrester
reflects for us our commitment to helping our clients not only
deliver on specific innovation projects, but also build ongoing
innovation capabilities."
Bain employs more than 1,500 in-house innovation delivery
experts that provide world-class capabilities in new business
innovation, product and experience innovation, automation,
enterprise technology, software engineering and advanced analytics,
including data science, machine learning and data engineering.
"Helping our clients solve their toughest innovation challenges
requires integrated, interdisciplinary teaming," said Arpan Sheth, a Partner and head of Bain's global
Innovation and Design capability. "We combine sector expertise and
analytical rigor with innovation, design, engineering and technical
experts in order to help our clients achieve their innovation
goals."
Forrester's report further notes that: "…Bain emphasizes
ecosystems and partnerships, most notably its AI impact alliance
and venture ecosystem." In recent years Bain has acquired or
invested in several leading companies to enhance its innovation
offerings. Bain's latest acquisitions have included Umbrage, a
Houston-based digital products
studio working on state-of-the-art software solutions, Rainmaking
APAC, a Singapore-based
venture-building and start-up development studio, and Max Kelsen's Australia-based AI engineering team.
Additionally, the firm continues to expand its network of more
than 700 ecosystem partners that provide access to new and emerging
capabilities, including its global services alliance with OpenAI
and a key partnership with Microsoft, enabling clients to deploy AI
applications across their operations faster, more effectively and
at scale.
"We have made significant investments in continuing to enhance
our innovation talent and capabilities, both organically and
through partnerships and acquisitions, and will continue doing so
in the future," said Sheth.
Further information on Bain's approach to innovation can be
found here.
A complimentary copy of The Forrester Wave™:
Innovation Consulting Services, Q2 2024, can be accessed here.
Editor's Note: To arrange an interview, contact
Dan Pinkney at dan.pinkney@bain.com
or +1 646 562 8102.
About Bain & Company
Bain & Company is a global consultancy that helps the
world's most ambitious change makers define the future.
Across 65 cities in 40 countries, we work alongside our clients
as one team with a shared ambition to achieve extraordinary
results, outperform the competition, and redefine industries. We
complement our tailored, integrated expertise with a vibrant
ecosystem of digital innovators to deliver better, faster, and more
enduring outcomes. Our 10-year commitment to invest more than
$1 billion in pro bono services
brings our talent, expertise, and insight to organizations tackling
today's urgent challenges in education, racial equity, social
justice, economic development, and the environment. We earned a
platinum rating from EcoVadis, the leading platform for
environmental, social, and ethical performance ratings for global
supply chains, putting us in the top 1% of all companies. Since our
founding in 1973, we have measured our success by the success of
our clients, and we proudly maintain the highest level of client
advocacy in the industry.
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