The 4 Ways IT is Driving Innovation
Do companies that leverage IT produce more business value than those that don't? Erik Brynjolfsson, in this interview, argues that not only is the answer a resounding yes it is even more overwhelmingly "YES" for IT dependent industries.
Why? "Because the leaders are capitalizing on technology advances to pioneer a whole new innovation paradigm, based on the ways they measure, experiment with, share, and replicate information."
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This excellent article presents both the imperative and process for innovation. Must read! Innovation is on everyone's minds but is it understood? Here are the 7 myths about innovation This paper describes a holistic, multidisciplinary framework that enables organizations to take a strategic approach to innovation. Excellent article on collaborative innovation. Must read! Applied Information Economics (AIE) is a method for quantifying the value of IT investments. This overview of AIE provides an overview of key IT decision problem, how AIE solves them and how AIE is different from other methods.
Gartner says IT Leaders should be prepared if they want to drive growth. Read On... How do you assess the value created by IT in the private sector? In the public sector? Is there a common framework that can be employed for both? This working paper presents the "Cranfield Enterprise Model:" A framework for business information modeling. CIOs are not known for innovation. Yet. This excellent discussion should help you change that... Traditional advertising players - broadcasters, distributors and advertising agencies – will need innovative new approaches to respond to major industry shifts underway. This presentation discusses the imperative for information technology innovation, the emerging role of the CIO in fostering IT innovation, and effective IT organization practices that implement the CIOs innovation agenda. Do CIOs have a role to play in innovation?
This series of papers sets the innovation agenda for the CIO. As the role evolves from being the head of IT to that of a business leader driving business value there are additional demands placed on the CIO. How should a CIO run IT for effectiveness?... This article presents a framework for innovation management for sustainable business value and discusses different kinds of value creation and operating contexts within this framework. The spectrum of views on IT goes from the far right aka "IT doesn't matter" to traditional "IT is an enabler" to a more progressive "IT is a driver". Your problem: how to develop an effective IT Strategy? Read On>>
The authors present a case for technology transfer - in-bound and out-bound - integrating the perspectives of technology source and recipient through a discussion on the "potential interactions of absorptive and desorptive capacity in interorganizat... This paper provides the connection between IT investments and business innovation. Insurers have for years mistaken optimization for innovation, but true innovation requires a willingness to try something different to address persistent operational challenges. This brief paper describes novel ways that imaginative companies are gaining competitive advantage by breaking the rules of engagement with consumers. "Evolving from a cost center, IT is taking on the character, rigor and practices of a business within a business. It won’t be easy, but for CIOs it’s a matter of survival." This paper describes the surge of interest in the phenomenon of leveraging competitive spirit to create breakthrough ideas and outlines the factors critical for the success of competitions that seek ideas from company employees. Sometimes you innovate to create whole new markets and capabilities, and sometimes you just want to make an improvement - in many cases, such improvements come as a result of simplification. This presentation provides an introduction to innovation - what is it? why is it important? how to implement it in your organization? A very good read for the CIO who wants to get a definition of innovation, and a general overview of the innovation j... This is a book on IT Strategy with a difference: it discusses how technology is driving business change across industry! It discusses the key IT trends shaping the world around us. If you want to understand the impact of technology on business model... This presentation introduces "killer" innovation as "significant and highly profitable departures from current offerings or practices that are difficult to imitate" and proposes that it is a better way to innovate.
Once again, Don Tapscott talks about the imperative of collaboration. This time, it is with Optimize Magazine. This paper, as the name suggests, combines two classic models - Venkatraman's Strategic Alignment Model and Yu's Goal Modeling technique.
A good primer on Business models and their importance to competitive differentiation. This paper details what to expect in innovation management over the next 10 years, the key trends in the way companies manage innovation, and ground-breaking approaches and concepts and what they mean for business leaders. Chapter 1 of the book "The Innovator's Dilemma". This book brought the term "disruptive technology" to the business lexicon. Innovations are notorious for their high failure rate. Is there a way to reduce it? Read on...
Posted on 08/16/2010 by