Story image

The 5 most effective, least used digital innovation hacks

08 Jun 16

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: 

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

52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
GirlBoss wins 2018 YES Emerging Alumni of the Year Award
The people have spoken – GirlBoss CEO and founder Alexia Hilbertidou has been crowned this year’s Young Enterprise Scheme (YES) Emerging Alumni of the Year.
SingleSource scores R&D grant to explore digital identity over blockchain
Callaghan Innovation has awarded a $318,000 R&D grant to Auckland-based firm SingleSource, a company that applies risk scoring to digital identity.
IDC: Standalone VR headset shipments grow 428.6% in 3Q18
The VR headset market returned to growth in 3Q18 after four consecutive quarters of decline and now makes up 97% of the combined market.
Spark Lab launches free cybersecurity tool for SMBs
Spark Lab has launched a new tool that it hopes will help New Zealand’s small businesses understand their cybersecurity risks.
Preparing for the future of work – growing big ideas from small spaces
We’ve all seen it: our offices are changing from the traditional four walls - to no walls. A need to reduce real estate costs is a key driver, as is enabling a more diverse and agile workforce.
Bluetooth-enabled traps could spell the end for NZ's pests
A Wellington conservation tech company has come up with a way of using Bluetooth to help capture pests like rats and stoats.
CERT NZ highlights rise of unauthorised access incidents
“In one case, the attacker gained access and tracked the business’s emails for at least six months. They gathered extensive knowledge of the business’s billing cycles."