The Gartner 2016 CIO Survey revealed five stand-out innovation practices that correlate with the highest digital return.
If you were asked which innovation capabilities contributed the most to digital performance, what would you say?
Gartner’s 2016 CIO Survey revealed five key innovation practices that deliver the highest improvement in digital performance.
Interestingly, CIOs also indicated that these five practices were the least used.
From crowdsourcing to new funding models, the five most effective digital innovation hacks require a higher level of maturity in bimodal delivery models and digital progress, according to Mary Mesaglio, research vice president and distinguished analyst at Gartner.
Gartner’s Top 5 Most Effective Digital Innovation Hacks include:
Crowdsourcing Source a task or challenge to a broad set of contributors via social collaboration.
“It’s a different way of working. You need a meaningful problem to solve, willing community and platform on which to interact,” says Mesaglio.
Differentiated funding Shift from ROI-based funding analysis to more flexible investment portfolios for digital innovations (such as a three-tiered model for fear-, fact- and faith-based investments).
“Funding innovation requires a mindset that encourages disciplined experimentation with a portfolio approach."
Differentiated Metrics Create measures of value and performance that calculate innovation, speed and agility, not just financial ROI
“Getting executive sponsorship to explore new, possibly risky, areas that are important to the enterprise and determining the ROI for innovation projects.”
Working With Startups Stimulate innovation and fill technology gaps by partnering with smaller companies, startups, incubators and universities.
“It’s hard to break out of your comfort zone with large, traditional vendors. And it’s hard for smaller vendors to work with your lengthy purchasing and legal processes."
Formal Innovation Management Build a business discipline that drives repeatable, productive innovation practices.
“It’s hard to gain traction with innovation when the organisation focuses on risk and daily operations," Mesaglio says.
Article by Heather Levy, Gartner