Project Cost Optimization Tips When Innovation is Your Priority
Cost-cutting is the norm in today’s recessionary and disruptive business environment. Companies face multiple challenges, such as low demand, wafer-thin margins, and hyper-competition. Amidst such challenges, they need to invest in innovation for competitive differentiation. In such a state of affairs, simple expense-line trimming no longer suffices. Enterprises have to optimise the business value of […]
Why Business Leaders are Adopting “Everything as a Service” Approach
Everything-as-a-Service or Anything-as-a-Service (XaaS) is the flavor of the season. XaaS represents the pay-for-use consumption model associated with the cloud. The traditional consumption model entails buying the product or service to consume it. The subscription model first became popular to consume software. Software-as-a-Service (SaaS) offerings enable the use of software without the hassles of download. […]
Seven Impediments to IT Innovation and How CTOs Can Overcome Them
Success in today’s competitive and fast-paced business environment depends on innovation. But the intent to innovate is not enough. Successful innovation depends on understanding impediments to innovation and overcoming such challenges. Here are seven impediments to IT innovation. 1. Not getting the approach right Many enterprises get the approach to innovation wrong. At least some […]
Five Key Qualities for a New Gen Leader in an AI Dominated World
Artificial Intelligence (AI) is growing in popularity, and for good reasons. AI will create $2.9 trillion in business value and add 6.2 billion hours of worker productivity in 2021. The technology improves processes and unlocks possibilities in almost all facets of work and life. Considering that AI augments, improves, and even replaces human intelligence, the […]
How IT Can Make the Perfect Trade-Off Between Operations and Innovation
IT always had to juggle between keeping the existing infrastructure running and adding new capacity. The stakes of such trade-offs have increased lately. CIOs are now under pressure to speed up and expand digital transformation in their enterprises. The 2021 State of CIO survey reveals 76% of them find such trade-offs challenging. Here are four […]
Five Ways to Reconcile Innovation and Delivery During Digital Transformation
Digital transformation is a rage, as enterprises embrace new technologies to stay relevant. But success requires much more than embracing new technology. Doing the same thing on a different platform makes little difference. Competitive advantage comes by using new technology to drive innovation or do things differently. Most project managers driving transformation work under time […]
Top IT Innovation Success-Stories during the COVID-19 Pandemic
The COVID-19 lockdowns forced many businesses to shut down. Business models honed to perfection over time went for a toss overnight. But resilient businesses innovated to overcome the crisis. They accelerated digital adoption and devised novel ways of work, to serve customers better and increase profits. This technology blog lists some IT innovation success stories. […]
How to Innovate in a Resource-Constrained Environment
While innovation sounds cool, most innovation-centric business models assume the availability of infinite resources. In reality, most enterprises face resource-crunch and significant barriers. Gartner’s 2019 Technology Innovation Strategy Survey lists the top five barriers to innovation as: Employees focused on immediate goals (30%) Employees resistant to change (28%), which aligns to cultural factors Compliance restrictions […]
