Tuesday, December 19, 2017

The Monthly “IT Innovation” Book Tuning: Digital IT as an Innovation Engine Dec. 2017


Within abundant information and emergent digital technologies, IT 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 IT for the digital age is to deliver the value of information in helping businesses grow, delight customers and doing more with innovation.

                   


Digital IT as an Innovation Engine


Digital IT as an Information Hub and Innovation Engine Due to the changing nature of technology and the overwhelming volume of information, IT plays a pivotal role in leading organization's digital transformation. However, IT running in an industrial mode is a business controller with the reputation of slow to change, back-office function, not fits in the fast-changing business circumstances or volatile digital dynamic. With explosive data and the abundance of information, how to run IT with the growth mentality at digital speed? And how to transform IT from a cost center to an information hub and innovation engine?

The New Book “IT Innovation” Introduction Chapter 1 Reinvent IT as an Innovation Hub There is no one size fits all formula to run a highly effective and highly innovative IT organization because different IT organizations and the enterprise as a whole are at the different stage of the business maturity. Therefore, it’s important for IT leaders to create a comprehensive list of the IT organization’s strengths, weaknesses, goals, and objectives. Digital IT is a paradigm shift in role, responsibility, and attitude. Your goals and objectives will be your drivers. Your strengths and weaknesses will be your constraints. Running IT as an innovation hub means IT can be used as a tool, enabler, catalyzer, and a digital platform to orchestrate change and facilitate idea creation and implementation, to meet the ultimate goal of an organization’s short/medium/long-term strategic plans.

CIOs as “Chief Innovation Officer”: How to Define and Drive Innovation Systematically? Digital is the age of innovation. To keep relevant, IT has to shift its reputation from a cost center to the innovation hub of the organization. IT needs to play a crucial role in breaking down silos and being intentional about developing processes that encourage collaboration and enforce innovation, IT has the very power to influence on an organization’s “personality,” and unleashing the digital potential of the business. Thus, CIOs as “Chief Innovation Officer”: How shall you define and drive innovation systematically?

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”: How to Spur IT Innovation to Get Digital Ready Innovation is about moving forward. In any business, if you are not moving forward, you are moving backward. There is no standing still. This is particularly true for IT due to the fast growth of information and disruptive nature of technologies. Thus, Chief Innovation Officer is one of the most appropriate titles for modern CIOs. The art of innovation is that it involves new ways of bringing together ideas and resources to create something novel. The science of innovation is to take a structural approach to innovation management. IT organization can become an innovation hub to bridge the art and science of innovation and get digital ready.

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