Wednesday, October 9, 2019

The Monthly “IT Innovation” Book Tuning: Pursuing IT Innovation Multidimensionally Oct. 2019

Innovation is an exploration, production, adoption, assimilation, exploration, and exploitation of value-added novelty in business, economic and social spheres.

With 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.

        Pursuing IT Innovation Multidimensionally 

Accelerate IT Driven Innovation via Three lenses A 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?

Experiment with Digital Innovation Externally Innovation is a systematic way of applying creativity in real life and business. In general, innovation is a discipline for markets change and shift, and for each company attempting to deal with these changes, there is a different path to follow. An innovation ecosystem should fully cover wide enough directions. It can involve bringing in ideas from outside, the diverse communities to drive features and understand the value-in-use of products/services, and take a structural approach to experiment digital innovation externally.

The CIO as “Chief Innovation Officer”: Explore Digital Innovation Internally The emerging digital era opens the new chapter of innovation, Innovation is an exploration, production, adoption, assimilation, exploration, and exploitation of value-added novelty in business, economic and social spheres. Digital organizations starve for creativity and relentlessly pursue innovation. Innovation is a journey and is therefore not possible to pre-describe how it will work out. Organizations need to take a structural approach to manage digital innovation. Here are five aspects of how organizations can explore digital innovation internally.

Explore a Unique Path to Innovate IT Many companies are at the tipping point for the digital transformation journey, more and more businesses empower their IT to lead changes and catalyze business growth. Due to the overwhelming growth of information and disruptive nature of technologies, IT is at the crossroad, either ride the learning curve and explore a unique path to build differentiated competency, or just keep the lights on only, react to the business’s requests and become irrelevant. Some high-performing IT organizations have moved up its maturity to become the innovation hub and game changer in their companies, how can they make it?

How does IT handle investigations of innovative business solutions?IT plays a critical role in building business competency. IT has itself transformed to create a new competitive advantage via building new products, new services and delivering tailored business solutions. But many of today’s C-suites are unaware of what is technologically possible now or in the future. Digital is the age of options, it provides the opportunity to think the new way to do things, so it forces IT leaders to get really creative on how they architect and implement change, and how IT handles investigation of innovative business solutions, to change the business’s perception, reinvent its tarnished reputation and improve the overall business maturity.

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