In some implementations, a system may receive a submission associated with an innovation associated with an entity. The system may analyze, using a first machine learning model, the submission to identify a classification associated with the innovation. The system may analyze, using a second machine learning model in association with the classification, content of the submission to identify a characteristic of the innovation. The system may determine, using a third machine learning model and based on the characteristic, a ranking of the innovation relative to individual innovations in the subset of innovations. The system may determine, using a fourth machine learning model, an impact score associated with the innovation. The system may perform, based on the impact score satisfying a threshold, an action associated with a project involving the innovation.