Case Study: Fletcher Building achieves innovation leadership in Australasia with ITONICS

Fletcher Building moves 70+ ideas through the funnel with ITONICS

Fletcher Building, a major Australasian construction and building products company, faced challenges with fragmented innovation processes across its 30 business units. They lacked transparency, struggled to report to their Executive Committee, and had difficulty identifying project collaborations. To address this, they partnered with innovation enablement vendor ITONICS to implement its platform, the ITONICS Innovation OS, aiming to create strategic alignment and company-wide synergies.

Using the ITONICS platform, Fletcher Building established a main portfolio management platform aligned to its strategic initiatives. The solution digitized their innovation process, enabling incubation management, portfolio tracking, and strategic planning. This resulted in a cultural transformation, giving hundreds of employees access to innovation activities. Measurable impacts include over 70 ideas moving through the innovation funnel, the identification of more than a dozen potential B2B collaborations, and immense time savings due to the central organization of information. ITONICS provided the transparency needed for the Executive Committee to make informed investment decisions.

Fletcher Building