Tuesday, July 25, 2017

The Monthly “IT Innovation” Book Tuning: Running IT with Digital Theme July 2017

Today, innovation can happen anywhere, anytime; it expands both horizontally and vertically.

Within abundant information and emergent digital technologies, IT is a key component of holistic business mindset to reimagine “what is possible” - unleashing business potentials and improving business efficiency, effectiveness, agility, and maturity. The art of possible to reinvent IT for the digital age is to deliver the value of information in helping businesses grow, delight customers and doing more with innovation.

Running IT with Digital Theme

CIOs as “Chief Innovation Officer”: Re-imagine IT with Digital Themes? IT is in the middle of a sea change because of the exponential growth of information and emergent lightweight digital technologies. Traditional IT organization is monolithic, isolated, stereotypical, and slow to change. Embracing digital is inevitable as that is now part of the reality. CIOs as “Chief Innovation Officer”: How to reimagine IT with digital themes and reinvent IT to get digital ready?

CIOs as “Chief Innovation Officer”: How to Improve Organizational Innovation Maturity Many say digital is the age of innovation. Today, innovation can happen anywhere, anytime; it expands both horizontally and vertically. It’s the business’s unique capability to gain a competitive advantage in the face of fierce competitions and business dynamic. More fundamentally, it’s the state of mind to think and do things from a new angle. Innovation is no longer “nice to have,” but “Must Have” differentiated capability of the organizations who want to stay competitive on the market. However, innovation management has a very low success rate, how to manage innovation effectively and improve the organizational innovation maturity?

 Three Aspects to Enforce IT Innovation? Innovation, as an individual process or collective processes, is about figuring out the better way to do things; it helps us adapt, improve, grow and integrate. From the business perspective, innovation is the mechanism through which you grow and evolve something to something great with higher value-add or ever breakthrough or something new or better based on a combination or modification of previous attributes or approaches. Businesses, especially the well-established large corporations and within that environment, innovations can range from small to game changers. As more often than not, information technology is the disruptive force behind digital innovations, and thus, forward-thinking IT organizations strive to become the innovation hub of the business. Here are three aspects of enforcing IT innovation and building it into the business competency.  

CIOs as Chief Innovation Officer: Take a Step wise Approach to Manage Innovation In essence, innovation is the use of something that is new and unique, and you are able to create its business value. Isn't that what innovation is all about: Do it better, differentiate yourself from your completion, run, grow and transform the business. For forward-thinking organizations today, innovation is not just nice to have but must have core business capability to compete for the future. Innovation is not just about technology as well, it's about people, culture, partnership, processes, etc. Innovation Management is an overarching management discipline which needs to weave many key business factors into an innovation playbook and take a stepwise approach for achieving its business value. ?

CIOs as Chief Innovation Officer: How to Deal with Those Innovation Paradoxes: From conventional wisdom, innovation is the serendipity. In the majority of companies, innovations management has a very low success rate. But innovation does not just accidentally happen, it can be managed in a more systematic way. Innovation is a differentiated core business capability. Exploring innovation starts with leadership, strategies, and culture, it can then naturally flow through to the customer's needs. Design then follows. Innovation leaders face dilemmas and have to deal with innovation paradox well. And the focus & rewards of innovation playbook is the core management discipline for riding innovation curve and achieving the business results.

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