Friday, February 2, 2018

The Monthly “IT Innovation” Book Tuning: Accelerate IT-Driven Digital Innovation Feb. 2018

To keep relevant, IT has to shift its reputation from a cost center to the innovation hub of the organization.

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.


Accelerate IT-Driven Digital Innovation

Accelerate IT Driven Innovation via Three lenses Many IT organizations are still struggling to keep it relevant and moving up its maturity from a cost center to a revenue generator; from a support function to a business partner. Innovative organizations today have to explore the full spectrum of innovations and deploy a range of different management, technology, process, and structural solutions. An innovation happens when you change the game; you bring a different twist to what is currently established and perceived. How to accelerate IT-driven innovation via different lenses?

Can you carry the Innovation Ecosystem on your Shoulder? One of the most critical roles of contemporary CIOs is “Chief Innovation Officer.” Innovation shouldn’t be a serendipity, but a management process. IT can help to weave an enriched innovation ecosystem which enables systematic innovation management, with critical components such as innovation leadership, culture, processes, tools, recognition systems measurements, and risk approach. Each component by itself may not cause a highly innovative environment, but collectively they can catalyze creativity and improve innovation success rate. An innovation ecosystem should fully cover a wide enough direction and embrace the full spectrum of innovation categories. Here are three questions CIOs need to keep asking themselves to ensure they can carry the innovation ecosystem on their shoulder.

CIOs as “Chief Innovation Officer”: Three Aims of Breakthrough Innovation: There are both incremental innovation and breakthrough innovation. Breakthrough innovation is disruptive, with high return and high risks. There are many areas within a company where the innovation process can be applied to create value, from product innovation to service innovation, from process innovation to business model innovation, etc. The innovation context goes beyond the traditional scope and extends to the full spectrum including both hard disruptions and soft touches. Innovation breakthroughs that really hit the spot are often the radical new approach that makes a leap of the business to the next level of the growth cycle and achieves the high return on investment. Here are three aims of breakthrough innovation.

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.

CIOs as “Chief Innovation Officer”: Three Management in Innovation Management The definition of innovation is simple, it is about transforming novel idea and achieving its business value. It is about gaining benefit by doing something different. Innovations in the digital era are coming at seemingly much fast space, with changes and potential disruptions, and therefore, innovation management also becomes more complex and dynamic. Here are three management disciplines in innovation management.

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