Wednesday, August 29, 2018

The Monthly "IT Innovation" Book Tuning: From Information Management to Innovation Management Aug. 2018

Digital is the age of creativity and innovation, and creativity is all about connecting the dots.

The aim of modern Information Management has often been described as getting the right information to the right person, in the right format and medium, at the right time, in order to make the right decisions. The value of information is qualitative, measurable, and defined uniquely by an organization.

From Information Management to Innovation Management

From Information Management to Innovation Management The majority of IT organizations still get stuck at the lower level of IT maturity as a support center. With overflowing information and overwhelming business changes, IT must change -to not just "keep the lights on," but more focus on information and innovation management. What are the logical steps should IT take, and how to manage a balanced innovation portfolio to maximize business value and improve business performance?

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 a liability and at 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 in 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?

Are we in a Knowledge Economy, Creativity Economy or still in the economy of scarcity Digital is the age of Big Data, information is the abstracted data, and knowledge is the abstracted information. Are we moving to the knowledge economy from the economy of scarcity? Digital is also the era of options, and options are built through creativity, so are we really witnessing a SHIFT from the 'knowledge economy' to a 'creativity economy' as well, or are we simply talking about the role that creativity plays in the creation of new knowledge & the things that flow from it more than before?

Information Management as a Threshold Competency of Digital IT Nowadays information is the lifeblood of the organization, all forward-looking organizations claim they are in the information management business, managing information and the information position of an organization is what ought to be called Information Management. Information Management is to make sure that the right information is in the right place at the right time and shared with the right persons for making the right decisions. IT is often the information steward of the business, and information management is a thresholding competency for running a digital IT.

Three “I” Factors in Digital Innovation: Digital era is the age of innovation. And digital innovation has the broader scope and three phases: Discovery of a problem or new idea, designing a prototype solution and the ultimate delivery of a commercially astute outcome. Innovation is not serendipity, but a systematic process to transform novel ideas and achieve their business values. At the enterprise scope, innovation management should focus on building a healthy innovation portfolio to establish business competency. Here are three “I” factors in digital innovation.

The “Future of CIO” Blog has reached 2.5 million page views with about #4900th 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 and innovating the new ideas; 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 diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.


Good information and thank you for posting this. It is easy to understand the concepts.

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