This IDC study provides specific guidance to CIOs as they meet the challenges of supporting enterprise investments in innovation: finding good ideas, vetting these ideas for their market potential and, finally, making investments. It gives CIOs the tools to ensure that the IT organization becomes, and remains, an integral player in the process of business innovation.Innovation is a process that is specific to an enterprise and shaped by its industry, leadership, culture, and approach to the use of new business-changing technologies. Thus IT decision makers must develop a clear and cogent sense of the innovation culture within their enterprise and approach the process of IT innovation with this culture in mind. This study develops a framework for thinking about the IT role in supporting the enterprise innovation process, and it recommends specific ways that CIOs can organize IT to find and promote ideas that will benefit enterprise business performance. This study explores the following issues:What are the different challenges and opportunities for the CIO in supporting ideas that come from top-down, bottom-up, or peer-to-peer sources?Which innovation services can the CIO provide that supplement IT's overall service strategy?How can IT be a true partner in the governance of the innovation process to ensure that IT resources are consulted and used in promoting new ideas?What are the potential pitfalls and obstacles for the CIO in becoming a recognized innovation leader?This study focuses on innovation strategies, IT strategy and governance, and leadership transformation."IDC believes that the pace of technology change, and the use of technology within all kinds of enterprises, will radically change the role of the CIO in the next few years," says Fred Magee, adjunct research advisor for IDC's Research Network. "To be perceived as the chief innovation officer, the CIO will have to become one of the leaders of the process of innovation."
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook