IDC PeerScape: Practices to Fund and Achieve IT Innovation
This IDC PeerScape examines alternatives to conventional approaches to funding IT innovation, presenting best practices from CIOs who have found ways to fund innovation when money is tight. This study helps CIOs consider and select approaches that fit their innovation strategies and initiatives as well as their business context."CIOs should remember that the goal is not just to fund innovation efforts but also achieve innovation in the most effective and cost-efficient manner," says Marc Strohlein, adjunct research advisor, IDC's Research Network.
Please Note: Extended description available upon request.
- IDC PeerScape Figure
- Executive Summary
- Peer Insights
- Practice 1: Create a Culture that Spawns Continuous, Low-Cost Innovation
- Challenge
- Examples
- Santa Clara County, California
- Carhartt Inc.
- Union Pacific
- Guidance
- Practice 2: Build a Track Record by Starting Small and Building on Successes
- Challenge
- Examples
- Carhartt
- Santa Clara County, California
- City of Asheville, North Carolina
- Guidance
- Practice 3: Leverage Partners with Shared Interests to Provide Innovation Resources
- Challenge
- Examples
- Carhartt
- Santa Clara County, California
- Guidance
- Practice 4: Reduce IT Operational Costs and Shift Budgets to Fund Innovation
- Challenge
- Examples
- Carhartt
- Santa Clara County, California
- DXC Technology
- Guidance
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