Innovation only exists in the more open environments that create insights, take advantage of all sources of creativity in an open way and leap innovation management to the next level.
Within abundant information and emergent digital technologies, Information technology is a key component of holistic business mindset to re-imagine “what is possible” – unleashing business potentials and improving business efficiency, effectiveness, agility, and maturity.
The “art of possible” to reinvent business in the digital age is to deliver the value of information in helping businesses grow, delight customers and do more with innovation.
ITinnovation Organizations and their people learn through their interactions with the environment, to keep knowledge flow and idea flow. The emergence of potential opportunities for business growth is likely to follow a nonlinear pattern, it requires the balance of courage and caution, learning and doing, standardization and innovation, stability and speed. It takes structural thinking and planning upon strategic fit, structural capability, risk intelligence and executable business mode to produce great outcomes consistently .
IT Innovation Upon rapid change and exponential growth of information, IT now makes significant impacts on almost every aspect of the business. IT is more like glue than a tool for integrating all important business elements into the business innovation capability. IT plays a crucial role in creating a disciplined and managed space for developing and testing new models, products/services, and innovative problem-solving approaches.
Innovative ITFrom industry surveys, the majority of IT organizations are still being perceived as maintenance center, most employees outside of IT don’t call their IT teams very innovative, yet most believe technology is growing in importance, so IT leaders are facing unprecedented pressures to transform their IT into value center and innovation engines, but how to run an innovate IT, what’re the roadblocks one need to overcome, and which capabilities IT needs to cultivate?
IT InnovationTechnology is pervasive and the information is abundant, business initiatives and digital transformation today nearly always involve some form of technology implementation or information processing. IT plays a significant role in managing information-knowledge-insight cycle and fostering innovation by leveraging disruptive technologies and enriched information flow. One of the most appropriate tiles for CIOs is “Chief Innovation Officer,” who plays a critical role in orchestrating innovation symphony. Here are five critical components in the IT innovation management playbook.
InitiativesofIT IT is impacting every business unit and is becoming the driver of business transformation. To truly reach the premium management, IT leaders have to reach out to their business peers horizontally, add value to any organization if it understands the various business lines needs and wants; provide cross line synergies by understanding the various functions, and bring up the most business value.
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