Tuesday, July 14, 2020

The Monthly “Unpuzzling Innovation” Book Tuning: Information Intensive Innovation July 2020

 Information is one of the most critical pieces of the innovation puzzle. Given this assertion, there is no limit to the value of information in running a high mature digital organization. 

Digital is the age of innovation. And innovation is what leads to differentiation. There are many ways to differentiate and, therefore, there are many ways to pursue innovation. Digital Master refers to those high-performing, highly innovative, and high-mature (less than 15%) digital organizations; at the individual level, Digital Masters are those cross-generational digital professionals who are equipped with the advanced digital minds and build a unique set of digital capabilities.


Talking about innovation is not new nowadays, everybody, every organization now is talking about innovation. It's been at or near the top of the business or economic agenda for a long time. However, there is a lot of confusion about innovation and there is no magic sauce to guarantee its success. Innovation is not serendipity, but a discipline.



           

 Information Intensive Innovation


Information-Intensive Innovation? Many organizations feel overwhelmed by the exponential growth of data and continuous disruptions often led by emergent digital technology. Information is the most invaluable commodity individuals and organizations produce in the digital environment in which they currently function. And in fact, it’s one of the most intensive pieces of innovation that need to be managed successfully!

CIOs as “Chief Information Officer”: How to Ensure Information Robustness and Innovation Excellence The most powerful and differentiating tool in today's businesses is information; the aim of managing the information and the information position of an organization is what ought to be called Information Management. Information is the lifeblood and dynamic business ingredient that allows the company’s continual growth. CIOs as “Chief Information Officer”: How can you create great conditions to ensure information robustness and innovation excellence?

The Science Behind Breakthrough Innovation Innovation is to have a new perspective on things. Innovation is what leads to differentiation. Being able to innovate or close is being able to think and create new things based on the business or the customer’s needs. The goals of innovation, especially breakthrough innovation, should focus on people, the long-term trends, and business vision. Innovation is both art and science. it’s about creating something new or better based on a combination or modification of previous attributes or approaches. Every organization is different, every innovation initiative is also unique, there is no one size fits all formula. Innovation is a process which can be managed, In this regard, innovation is more science than art.

Running IT as Innovation Threshold Digital is the age of innovation. Innovation management is about transforming new ideas to achieve their business value. Innovation is what leads to differentiation. When looking at businesses or organizations, any innovation practice today is always a combination of people, process, and technology. The most powerful innovation navigation system involves tapping the organization's ecosystem for collective perspectives and knitting all critical business elements such as people, processes, and technology into differentiated innovation competency in which IT is the threshold.

The CIO as “Chief Innovation Officer” & Information Master: Information Management vs. Innovation Management The abundance of information brings both unprecedented opportunities and risks to businesses today. Information is the lifeblood of the enterprise, but if not properly managed, it becomes at worst-case liability and in the best case an underutilized asset. Information Management is all about having the right people to have the right information to make the right decisions at the right time. Information is one of the most critical pieces of the innovation puzzle. Given this assertion, there is no limit to the value of information in running a high mature digital organization. CIOs as “Chief Innovation Officer”: How can you connect the dots between information management and innovation management?

The “Future of CIO” Blog has reached 3 million page views with about 6900+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation, and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way to human progression.




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