There is plenty of evidence that standardized testing is inadequate to measure what most of us really care about. (See books by Alfie Kohn, and the blog by Deborah Meier and Diane Ravitch at http://blogs.edweek.org/edweek/Bridging-Differences/.) There is also plenty of evidence that the time and money spent on this testing take away from what schools need to do - help kids learn.
Better measures of quality are not straightforward. Work them out with educators who care about helping all kids learn.
[Note: Innovation may not be the right word...]