Innovation for Business' Sake
'Practical innovation,' the new mantra for smart CIOs,
involves combining current technologies in new ways.
The powerful gains: skyhigh customer satisfaction,
revved-up productivity and lowered costs.
By
Karen J. Bannan
Today's IT departments are business
enablers, a new survey finds, with
CIOs increasingly acting as agents of
change and drivers of innovations. In fact,
CIOs who find new ways to reuse or enhance
existing technology deliver several important
benefits to their organizations. They
help keep customer satisfaction and productivity
high, and costs low. They also inspire
their nontechnical colleagues to view IT as
a practice that enhances the business.
So finds a study of 400 senior IT executives
at enterprises worldwide, conducted
earlier this year. The survey, "The Benefits
of Practical IT Innovation," was sponsored
by Smart Enterprise and conducted by IDG
Research Services.
The benefits of practical innovation are
profound, the survey finds, affecting the core
mission of CIOs. "The days are over when
IT could just keep the lights on and bring
software rollouts in under budget," says Gary
Beach, Publisher Emeritus of CIO magazine.
"CIOs must execute flawlessly on two business
fronts. First, they must leverage existing
IT resources to drive top-line growth and
create infrastructures that allow employees
to deliver innovative solutions. Second, they
must have a relentless focus on running IT
more efficiently and at lower cost."
Beach continues: " 'Do more with less' is
yesterday's headline. Innovative IT strategies
that are firmly grounded in the reality
of the business and have built-in flexibility
for growth and contraction — that's what
matters. 'Practical innovation is key,' is the
new headline."
Practical innovation is also simple: CIOs
who make changes or enhancements to
existing technologies, processes and applications
can improve business performance.
Consider the auto industry's implementation
of in-dashboard GPS systems. While
GPS devices have been around for years,
they lacked mass appeal until car manufacturers
made the systems user-friendly. Now
even low-end cars have GPS as an option,
adding $1,500 to $2,500 to a car's purchase
price while improving driver satisfaction.