Story image

The 5 most effective, least used digital innovation hacks

08 Jun 2016

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

Security flaw in Xiaomi electric scooters could have deadly consequences
An attacker could target a rider, and then cause the scooter to suddenly brake or accelerate.
Four ways the technology landscape will change in 2019
Until now, organisations have only spoken about innovative technologies somewhat theoretically. This has left people without a solid understanding of how they will ultimately manifest in our work and personal lives.
IDC: Top 10 trends for NZ’s digital transformation
The CDO title is declining, 40% of us will be working with bots, the Net Promoter Score will be key to success, and more.
Kiwi partner named in HubSpot’s global top five
Hype & Dexter is an Auckland-based agency that specialises in providing organisations with marketing automation solutions.
Moustache Republic expands Aussie presence with new exec
The Kiwi digital commerce partner has appointed a Sydney-based director to oversee the expansion of the company’s Australian footprint.
Epson’s new EcoTank range with two years printing per tank
With 11 new EcoTank printers that give an average user two years of printing and cost just $17.99/colour to refill, Epson is ready to change the game.
Te reo Māori goes global via language app called Drops
If you’re keen to learn a few words of Māori – or as much as 90% of the language, you may want to check out an Android and iOS app called Drops.
Reckon Group announces a steady profit in 2018
Reckon continued its investment in growth throughout the year with a development spend of $14.3 million.