Saturday, July 6, 2019

The Monthly “IT Innovation” Book Tuning: Running IT as Innovation Accelerator July 2019

 Today’s digital dynamic enables companies to leverage their various environments or ecosystems to chase growth opportunities and accelerate innovation.

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 in the digital age is to deliver the value of information in helping businesses grow, delight customers and doing more with innovation.


Running IT as Innovation Accelerator 

Running IT as Innovation Accelerator?  Digital transformation represents a break from the past, with a high level of impact and complexity. Innovations in the digital era are coming at seemingly much fast space, IT can contribute significantly to business innovation because business initiatives today nearly always involve some form of IT facilitating for predicting, automating, changing, and innovating. The frequent disruptions and fierce competitions push businesses to speed up and grasp growth opportunities by running IT as innovation accelerator.

Running Faster IT In the industrial age, IT had a reputation as a controller and IT was not fast enough to respond to changes promptly. Ironically, often technology is the disruptive force behind the business transformation and information is one of the most invaluable assets businesses need to invest in. Today’s digital dynamic enables companies to leverage their various environments or ecosystems, to chase growth opportunities and accelerate business performance. How successful organizations can catch up with the fast pace of changes and handle digital disruptions often depends on how fast and capable they can leverage information to make effective decisions and adapt to the ever-changing environment smoothly. Thus, running faster IT becomes a prerequisite of operating a highly adaptive and high-performance business.

The New Book “IT Innovation” Introduction Chapter 5 Accelerate IT on the Fast Lane With the increasing speed of changes and continuous digital disruption, IT has to adapt to changes in faster and proactive ways; and more often, IT has to drive changes and plays a pivotal role in the digital transformation, focus on the fastest speed available, because that is where the main threat to competitiveness. It is about running IT as a business accelerator to catalyze growth and improve organizational agility.

Running Premium IT with Three Digital Aims Digital is all about changes which bring both unprecedented opportunities and risks. IT plays a leading role in such a business transformation, because often technology is the disruptive force of digital, and the information is the lifeblood of the business nowadays. However, traditional IT has been treated as a cost center or a support function, not as a strategic business partner for a long time. As businesses move into the digital future, technology is the fastest growing arena, which new role should IT aim to be, and how to run a premium IT with clear digital aims to drive digital transformation?

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, process, and technology into differentiated innovation competency in which IT is the threshold.

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