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CIOs can increase innovation in their organization by . . .
Reaching out to business innovators and create zones that provide an environment for rapid innovation. Getting their input and providing services and advice that help them pursue their ideas will ensure that you are brought into the loop when new opportunities surface. Also consider opening up centralized vendor sourcing so all business and IT leaders have access to an agile method for quickly sourcing and assembling new technologies into innovative business solutions.
IT leaders should also embrace new governance approaches that empower the business by providing guardrails and education, reserving strict control for only the most critical technology assets. Guardrails will ensure that systems can intercommunicate, data can be protected and recovered, and business processes can be restored if a disaster occurs. But for these guidelines to be successful, they must be anchored by an understanding of the business intent, not a purely IT-centric view of governance.
Most important, leadership teams must adopt an iterative approach to developing integrated business-technology strategies that assumes change and focuses relentless innovation on the core business competencies that will sustain their competitive advantage over the long term.
In a top-notch IT group, innovation includes initiatives that may seem mundane but that make the business operate faster, better and at a lower cost by doing something differently.
CIOs and other IT leaders must be able to quickly assess which disruptive technologies show promise for their organizations.
Leading organizations will reinvest in research budgets and internal processes that inform, disseminate and prepare their organization for an increasing pace in technology adoption.
IT leaders must identify where these technologies can create differentiation through new business models, grow profit and deliver money-saving market efficiencies.
-- Original page content developed from IDG Newswire