IT Enabled Innovation - Revision history

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	Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough [[innovation]] in products, services, and business models. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using Advanced Analytics to improve decision-making, employing digital technologies to retool manufacturing, and harnessing mobile capabilities to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; business transformation; the enhancement of process; and, most significant, [[Business Model Innovation (BMI)]] through the creation of new types of products and services.<ref>[https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ What is IT Enabled Innovation? -BCG.Perspectives]</ref>		Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough [[innovation]] in products, services, and business models. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using Advanced Analytics to improve decision-making, employing digital technologies to retool manufacturing, and harnessing mobile capabilities to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; business transformation; the enhancement of process; and, most significant, [[Business Model Innovation (BMI)]] through the creation of new types of products and services.<ref>[https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ What is IT Enabled Innovation? -BCG.Perspectives]</ref>

−	'''IT-enabled innovation''' is a process and the result of a process extending from the technology breakthrough, which is typically a result of basic or proprietary research, application development, testing, deployment, and finally customer use and acceptance. To qualify as truly innovative, new IT applications must successfully achieve that final step: customer value cocreation, adoption, and acceptance. Without customer acceptance, this new technology isn't an innovation; it's just a failed product or service that didn't gain traction. We're now well into an era in which significant Competitive Advantage is achievable from IT-enabled business innovation. The wide adoption of big data, Analytics, cloud computing, social media, mobile, and emerging IT-related innovations such as smart systems, cognitive assistants, and the Internet of Things (IoT) has dynamically changed the competitive landscape. Businesses that intelligently and innovatively apply ~~information technology~~ to create superior business and customer value are pulling away from those that do not. Indeed, it's becoming increasingly clear that IT-enabled innovation is the core capability that differentiates the winners from the losers. Growing knowledge of ICT design, execution, storage, transmission, and reuse along with the Internet's evolution is creating opportunities to configure IT into service relationships that create new value. IT-enabled innovations — digital innovations — have great potential to reduce costs, increase efficiency, and improve outcomes.<ref>[https://www.computer.org/csdl/magazine/it/2015/02/mit2015020014/13rRUxC0Ssu Defining IT Enabled Innovation -Robert R. Harmon, Haluk Demirkan]</ref>	+	'''IT-enabled innovation''' is a process and the result of a process extending from the technology breakthrough, which is typically a result of basic or proprietary research, application development, testing, deployment, and finally customer use and acceptance. To qualify as truly innovative, new IT applications must successfully achieve that final step: customer value cocreation, adoption, and acceptance. Without customer acceptance, this new technology isn't an innovation; it's just a failed product or service that didn't gain traction. We're now well into an era in which significant Competitive Advantage is achievable from IT-enabled business innovation. The wide adoption of big data, Analytics, cloud computing, social media, mobile, and emerging IT-related innovations such as smart systems, cognitive assistants, and the Internet of Things (IoT) has dynamically changed the competitive landscape. Businesses that intelligently and innovatively apply [[Information Technology (IT)]] to create superior business and customer value are pulling away from those that do not. Indeed, it's becoming increasingly clear that IT-enabled innovation is the core capability that differentiates the winners from the losers. Growing knowledge of ICT design, execution, storage, transmission, and reuse along with the Internet's evolution is creating opportunities to configure IT into service relationships that create new value. IT-enabled innovations — digital innovations — have great potential to reduce costs, increase efficiency, and improve outcomes.<ref>[https://www.computer.org/csdl/magazine/it/2015/02/mit2015020014/13rRUxC0Ssu Defining IT Enabled Innovation -Robert R. Harmon, Haluk Demirkan]</ref>

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 == What is IT Enabled Innovation? ==
-Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough innovation in products, services, and business models. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using Advanced Analytics to improve decision-making, employing digital technologies to retool manufacturing, and harnessing mobile capabilities to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; business transformation; the enhancement of process; and, most significant, Business Model Innovation (BMI) through the creation of new types of products and services.<ref>[https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ What is IT Enabled Innovation? -BCG.Perspectives]</ref>
+Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough [[innovation]] in products, services, and business models. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using Advanced Analytics to improve decision-making, employing digital technologies to retool manufacturing, and harnessing mobile capabilities to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; business transformation; the enhancement of process; and, most significant, [[Business Model Innovation (BMI)]] through the creation of new types of products and services.<ref>[https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ What is IT Enabled Innovation? -BCG.Perspectives]</ref>
 '''IT-enabled innovation''' is a process and the result of a process extending from the technology breakthrough, which is typically a result of basic or proprietary research, application development, testing, deployment, and finally customer use and acceptance. To qualify as truly innovative, new IT applications must successfully achieve that final step: customer value cocreation, adoption, and acceptance. Without customer acceptance, this new technology isn't an innovation; it's just a failed product or service that didn't gain traction. We're now well into an era in which significant Competitive Advantage is achievable from IT-enabled business innovation. The wide adoption of big data, Analytics, cloud computing, social media, mobile, and emerging IT-related innovations such as smart systems, cognitive assistants, and the Internet of Things (IoT) has dynamically changed the competitive landscape. Businesses that intelligently and innovatively apply information technology to create superior business and customer value are pulling away from those that do not. Indeed, it's becoming increasingly clear that IT-enabled innovation is the core capability that differentiates the winners from the losers. Growing knowledge of ICT design, execution, storage, transmission, and reuse along with the Internet's evolution is creating opportunities to configure IT into service relationships that create new value. IT-enabled innovations — digital innovations — have great potential to reduce costs, increase efficiency, and improve outcomes.<ref>[https://www.computer.org/csdl/magazine/it/2015/02/mit2015020014/13rRUxC0Ssu Defining IT Enabled Innovation -Robert R. Harmon, Haluk Demirkan]</ref>

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 == What is IT Enabled Innovation? ==
-Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough innovation in products, services, and business models. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using Advanced Analytics to improve decision-making, employing digital technologies to retool manufacturing, and harnessing mobile capabilities to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; business transformation; the enhancement of process; and, most significant, [[Business Model Innovation (BMI)]] through the creation of new types of products and services.<ref>[https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ What is IT Enabled Innovation? -BCG.Perspectives]</ref>
+Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough innovation in products, services, and business models. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using Advanced Analytics to improve decision-making, employing digital technologies to retool manufacturing, and harnessing mobile capabilities to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; business transformation; the enhancement of process; and, most significant, Business Model Innovation (BMI) through the creation of new types of products and services.<ref>[https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ What is IT Enabled Innovation? -BCG.Perspectives]</ref>
 '''IT-enabled innovation''' is a process and the result of a process extending from the technology breakthrough, which is typically a result of basic or proprietary research, application development, testing, deployment, and finally customer use and acceptance. To qualify as truly innovative, new IT applications must successfully achieve that final step: customer value cocreation, adoption, and acceptance. Without customer acceptance, this new technology isn't an innovation; it's just a failed product or service that didn't gain traction. We're now well into an era in which significant Competitive Advantage is achievable from IT-enabled business innovation. The wide adoption of big data, Analytics, cloud computing, social media, mobile, and emerging IT-related innovations such as smart systems, cognitive assistants, and the Internet of Things (IoT) has dynamically changed the competitive landscape. Businesses that intelligently and innovatively apply information technology to create superior business and customer value are pulling away from those that do not. Indeed, it's becoming increasingly clear that IT-enabled innovation is the core capability that differentiates the winners from the losers. Growing knowledge of ICT design, execution, storage, transmission, and reuse along with the Internet's evolution is creating opportunities to configure IT into service relationships that create new value. IT-enabled innovations — digital innovations — have great potential to reduce costs, increase efficiency, and improve outcomes.<ref>[https://www.computer.org/csdl/magazine/it/2015/02/mit2015020014/13rRUxC0Ssu Defining IT Enabled Innovation -Robert R. Harmon, Haluk Demirkan]</ref>

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 == What is IT Enabled Innovation? ==
-Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough innovation in products, services, and business models. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using Advanced Analytics to improve decision-making, employing digital technologies to retool manufacturing, and harnessing mobile capabilities to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; business transformation; the enhancement of process; and, most significant, [[Business Model Innovation (BMI)]] through the creation of new types of products and services.<ref>What is IT Enabled Innovation? [https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ BCG.Perspectives]</ref>
+Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough innovation in products, services, and business models. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using Advanced Analytics to improve decision-making, employing digital technologies to retool manufacturing, and harnessing mobile capabilities to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; business transformation; the enhancement of process; and, most significant, [[Business Model Innovation (BMI)]] through the creation of new types of products and services.<ref>[https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ What is IT Enabled Innovation? -BCG.Perspectives]</ref>
-'''IT-enabled innovation''' is a process and the result of a process extending from the technology breakthrough, which is typically a result of basic or proprietary research, application development, testing, deployment, and finally customer use and acceptance. To qualify as truly innovative, new IT applications must successfully achieve that final step: customer value cocreation, adoption, and acceptance. Without customer acceptance, this new technology isn't an innovation; it's just a failed product or service that didn't gain traction. We're now well into an era in which significant Competitive Advantage is achievable from IT-enabled business innovation. The wide adoption of big data, Analytics, cloud computing, social media, mobile, and emerging IT-related innovations such as smart systems, cognitive assistants, and the Internet of Things (IoT) has dynamically changed the competitive landscape. Businesses that intelligently and innovatively apply information technology to create superior business and customer value are pulling away from those that do not. Indeed, it's becoming increasingly clear that IT-enabled innovation is the core capability that differentiates the winners from the losers. Growing knowledge of ICT design, execution, storage, transmission, and reuse along with the Internet's evolution is creating opportunities to configure IT into service relationships that create new value. IT-enabled innovations — digital innovations — have great potential to reduce costs, increase efficiency, and improve outcomes.<ref>Defining IT Enabled Innovation [https://www.computer.org/csdl/magazine/it/2015/02/mit2015020014/13rRUxC0Ssu Robert R. Harmon, Haluk Demirkan]</ref>
+'''IT-enabled innovation''' is a process and the result of a process extending from the technology breakthrough, which is typically a result of basic or proprietary research, application development, testing, deployment, and finally customer use and acceptance. To qualify as truly innovative, new IT applications must successfully achieve that final step: customer value cocreation, adoption, and acceptance. Without customer acceptance, this new technology isn't an innovation; it's just a failed product or service that didn't gain traction. We're now well into an era in which significant Competitive Advantage is achievable from IT-enabled business innovation. The wide adoption of big data, Analytics, cloud computing, social media, mobile, and emerging IT-related innovations such as smart systems, cognitive assistants, and the Internet of Things (IoT) has dynamically changed the competitive landscape. Businesses that intelligently and innovatively apply information technology to create superior business and customer value are pulling away from those that do not. Indeed, it's becoming increasingly clear that IT-enabled innovation is the core capability that differentiates the winners from the losers. Growing knowledge of ICT design, execution, storage, transmission, and reuse along with the Internet's evolution is creating opportunities to configure IT into service relationships that create new value. IT-enabled innovations — digital innovations — have great potential to reduce costs, increase efficiency, and improve outcomes.<ref>[https://www.computer.org/csdl/magazine/it/2015/02/mit2015020014/13rRUxC0Ssu Defining IT Enabled Innovation -Robert R. Harmon, Haluk Demirkan]</ref>
-== How IT Resources Impact the Innovation Process<ref>How does the IT resource impact innovation processes? [https://pdfs.semanticscholar.org/17ab/7bbae08ed518c687f8088cf58e38e5b781d4.pdf Sanjeev P. Cherian]</ref> ==
+== How IT Resources Impact the Innovation Process<ref>[https://pdfs.semanticscholar.org/17ab/7bbae08ed518c687f8088cf58e38e5b781d4.pdf How does the IT resource impact innovation processes? -Sanjeev P. Cherian]</ref> ==
 A model of innovation, proposed by Roper, Du, and Love in 2008, describes the typical activities a firm has to perform in order to generate
 innovations. A schematic of these activities is provided in the Figure below
@@ Line 27: / Line 27: @@
-== Technology-Enabled Innovation Best Practices<ref>Steps to Pursue Technology-Enabled Innovation [https://www.bcg.com/publications/2015/growth-lean-manufacturing-enabling-technology-enabled-innovation.aspx Michael Ringle]</ref> ==
+== Technology-Enabled Innovation Best Practices<ref>[https://www.bcg.com/publications/2015/growth-lean-manufacturing-enabling-technology-enabled-innovation.aspx Steps to Pursue Technology-Enabled Innovation -Michael Ringle]</ref> ==
 Companies that want to pursue more technology-enabled innovation can start by taking the following steps, distilled from the best practices of global leaders:
@@ Line 47: / Line 47: @@
 == Further Reading ==
-*Exploring IT-Enabled Innovation: A New Paradigm? [https://www.researchgate.net/publication/257103192_Exploring_IT-Enabled_Innovation_A_New_Paradigm Colin Ashurst et al.]
+*[https://www.researchgate.net/publication/257103192_Exploring_IT-Enabled_Innovation_A_New_Paradigm Exploring IT-Enabled Innovation: A New Paradigm? -Colin Ashurst et al.]
-*Envisioning IT-Enabled Innovation [https://www.hbs.edu/faculty/Pages/item.aspx?num=11601 Michael E. McGrath and Marco Iansiti]
+*[https://www.hbs.edu/faculty/Pages/item.aspx?num=11601 Envisioning IT-Enabled Innovation -Michael E. McGrath and Marco Iansiti]

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-Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough [[Innovation|innovation]] in products, services, and [[Business Model|business models]]. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using [[Advanced Analytics]] to improve decision-making, employing digital technologies to retool manufacturing, and harnessing [[Mobile Application|mobile capabilities]] to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; [[Business Transformation|business transformation]]; the enhancement of process; and, most significant, [[Business Model Innovation (BMI)]] through the creation of new types of products and services.<ref>What is IT Enabled Innovation? [https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ BCG.Perspectives]</ref>
+== What is IT Enabled Innovation? ==
-'''IT-enabled innovation''' is a process and the result of a process extending from the technology breakthrough, which is typically a result of basic or proprietary research, application development, testing, deployment, and finally customer use and acceptance. To qualify as truly innovative, new IT applications must successfully achieve that final step: customer value cocreation, adoption, and acceptance. Without customer acceptance, this new technology isn't an innovation; it's just a failed product or service that didn't gain traction. We're now well into an era in which significant [[Competitive Advantage]] is achievable from IT-enabled business innovation. The wide adoption of [[Big Data|big data]], Analytics, [[Cloud Computing|cloud computing]], [[Social Media|social media]], [[Mobile Application|mobile]], and emerging IT-related innovations such as smart systems, cognitive assistants, and the [[Internet of Things (IoT)]] has dynamically changed the competitive landscape. [[Business Intelligence|Businesses that intelligently and innovatively apply]] [[Information Technology (IT)|information technology]] to create superior business and [[Customer Value|customer value]] are pulling away from those that do not. Indeed, it's becoming increasingly clear that IT-enabled innovation is the core capability that differentiates the winners from the losers. Growing knowledge of [[Information and Communications Technology (ICT)|ICT]] design, execution, storage, transmission, and reuse along with the Internet's evolution is creating opportunities to configure IT into service relationships that create new value. IT-enabled innovations — [[Digital Innovation|digital innovations]] — have great potential to reduce costs, increase efficiency, and improve outcomes.<ref>Defining IT Enabled Innovation [https://www.computer.org/csdl/magazine/it/2015/02/mit2015020014/13rRUxC0Ssu Robert R. Harmon, Haluk Demirkan]</ref>
+Almost everywhere technology is evolving from a functional silo to a foundation for breakthrough innovation in products, services, and business models. Advances in technology platforms ranked as the most important factor driving innovation. '''IT-enabled innovation''' comes in many flavors. It can mean using Advanced Analytics to improve decision-making, employing digital technologies to retool manufacturing, and harnessing mobile capabilities to improve marketing, to name just a few. The crux in all cases is the creation of a platform that can be leveraged repeatedly to deliver impact. In our experience, technology platforms can bring benefits in at least four areas: cost and timeline reduction, often though automation; business transformation; the enhancement of process; and, most significant, [[Business Model Innovation (BMI)]] through the creation of new types of products and services.<ref>What is IT Enabled Innovation? [https://www.bcgperspectives.com/content/articles/growth-lean-manufacturing-enabling-technology-enabled-innovation/ BCG.Perspectives]</ref>
@@ Line 16: / Line 18: @@
 Increasingly, the activities that occur along the innovation value chain are becoming globally dispersed. First, firms have moved to disaggregate their innovation activities by increasingly outsourcing work across international borders. Similarly, teams within organizations have become increasingly geographically distributed and understanding how to utilize technology and management practices to maximize the performance of globally distributed teams is vital to researchers and managers alike.
-Firms are increasingly becoming dependent on information technology for all areas of [[Business Operations|business operations]] including R&D, logistics, customer service, [[Supply Chain Management (SCM)|supply chain management]], etc., and [[Business Process|business processes]] are tightly coupled with [[Enterprise Architecture|technology architecture]] in innovative firms (Prahalad and Krishnan, 2008). The increasing level of digitization in every aspect of a firm’s business model suggests that the capacity of a firm to reconfigure resources and leverage R&D investments may depend on the level of its [[IT Investment Management (ITIM)|IT investments]] and the quality of its technology architecture.
+Firms are increasingly becoming dependent on information technology for all areas of business operations including R&D, logistics, customer service, supply chain management, etc., and business processes are tightly coupled with technology architecture in innovative firms (Prahalad and Krishnan, 2008). The increasing level of digitization in every aspect of a firm’s business model suggests that the capacity of a firm to reconfigure resources and leverage R&D investments may depend on the level of its IT investments and the quality of its technology architecture.
-So how does the IT resource impact innovation processes? Sajeev P. Cherian at the AMCIS 2009 Doctoral Consortium presented in his dissertation that overall [[IT Capability|IT capabilities]] should help firms perform a number of functions that are germane to innovation processes. These include providing firms with flexibility and agility in their business processes, enhanced collaboration and coordination capabilities, robust experimentation capacity, and heightened knowledge gathering and management capabilities. The level of IT investment has been used as a measure of overall firm IT capabilities (Hitt and Brynjolfsson, 1996), and, as such, greater IT capabilities will be associated with greater innovative output leading to the following hypothesis:
+So how does the IT resource impact innovation processes? Sajeev P. Cherian at the AMCIS 2009 Doctoral Consortium presented in his dissertation that overall IT capabilities should help firms perform a number of functions that are germane to innovation processes. These include providing firms with flexibility and agility in their business processes, enhanced collaboration and coordination capabilities, robust experimentation capacity, and heightened knowledge-gathering and management capabilities. The level of IT investment has been used as a measure of overall firm IT capabilities (Hitt and Brynjolfsson, 1996), and, as such, greater IT capabilities will be associated with greater innovative output leading to the following hypothesis:
 *Firms with higher levels of information technology investments will have higher levels of innovative output: IT investments provide firms with enhanced coordination and collaboration capabilities. Innovation processes typically rely on input from many, often distributed, players each performing tasks relevant to the process. Coordinating activities amongst these participants in the innovation process is vital to successful innovation. Ensuring that tasks are properly handed off and resources are well managed should help workers assimilate knowledge into new products and services. IT investments have been shown to enhance coordination and communication among employees and with partners (Hitt, 1999; Malone, Yates and Benjamin, 1987). Furthermore, IT investments have been shown to enable collaboration between distributed workers by facilitating better communication (Finholt and Olson, 1997) and aiding in the development of trust (Bos, Olson, Gergle, Olson, and Wright, 2002). Because IT enables the development of robust coordination and collaboration capabilities, and because these capabilities are essential to innovation processes
 **Greater usage of IT systems that facilitate the coordination of work activities will be associated with higher levels of innovative output.
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 == See Also ==
 <div style="column-count:2;-moz-column-count:4;-webkit-column-count:4">
-*[[Information Technology Architecture]]
 </div>

@@ Line 40: / Line 40: @@
 *[[Information Technology Controls (IT Controls)]]
 *[[Information Technology Enabled Services (ITeS)]]
 *[[Information Technology Investment Management (ITIM)]]
 *[[Information Technology Risk (IT Risk)]]

@@ Line 29: / Line 29: @@
 *Deliberately allocate [[budget]] and resources to technology innovation: Approaching the challenge as an extra or add-on responsibility will not work. Establishing a cross-functional, dedicated R&D lab is often a good way to start.
-*Put in place appropriate [[incentives]] for individuals to pursue innovation: Organize innovation contests, provide rewards and recognition, and (where appropriate) include innovation in job objectives.
+*Put in place appropriate incentives for individuals to pursue innovation: Organize innovation contests, provide rewards and recognition, and (where appropriate) include innovation in job objectives.
 *Foster a test and learn, fail fast and fail cheap mentality: Encourage [[risk]] taking by actively reporting on both successes and failures. *Communicate explicit approval of management’s willingness to try and fail: Encourage a collaborative approach between IT and business units. At companies that are strong innovators, IT is no longer in its own silo. Instead, technical talent is integrated into business units and innovation teams.
 Technology-driven innovation is hard. But the payoff is big—often extending well beyond a single new product to a platform or capability that can enable other innovations for years to come.

@@ Line 36: / Line 36: @@
 == See Also ==
 <div style="column-count:2;-moz-column-count:4;-webkit-column-count:4">
-[[Information Technology (IT)]]<br />
+*[[Information Technology (IT)]]
-[[Information Technology Architecture]]<br />
+*[[Information Technology Architecture]]
-[[Information Technology Asset Management (ITAM)]]<br />
+*[[Information Technology Asset Management (ITAM)]]
-[[Information Technology Controls (IT Controls)]]<br />
+*[[Information Technology Controls (IT Controls)]]
-[[Information Technology Enabled Services (ITeS)]]<br />
+*[[Information Technology Enabled Services (ITeS)]]
-[[Information Technology Governance]]<br />
+*[[Information Technology Governance]]
-[[Information Technology Investment Management (ITIM)]]<br />
+*[[Information Technology Investment Management (ITIM)]]
-[[Information Technology Risk (IT Risk)]]<br />
+*[[Information Technology Risk (IT Risk)]]
-[[Information Technology Security Assessment]]<br />
+*[[Information Technology Security Assessment]]
-[[IT Asset (Information Technology Asset)]]<br />
+*[[IT Asset (Information Technology Asset)]]
-[[IT Assurance Framework (ITAF)]]<br />
+*[[IT Assurance Framework (ITAF)]]
-[[IT Capability]]<br />
+*[[IT Capability]]
-[[IT Capability Maturity Framework (IT-CMF)]]<br />
+*[[IT Capability Maturity Framework (IT-CMF)]]
-[[IT Chargeback]]<br />
+*[[IT Chargeback]]
-[[IT Chargeback Model]]<br />
+*[[IT Chargeback Model]]
-[[IT Cost Allocation]]<br />
+*[[IT Cost Allocation]]
-[[IT Cost Optimization]]<br />
+*[[IT Cost Optimization]]
-[[IT Ecosystem]]<br />
+*[[IT Ecosystem]]
-[[IT Financial Management (ITFM)]]<br />
+*[[IT Financial Management (ITFM)]]
-[[IT Governance]]<br />
+*[[IT Governance]]
-[[IT Governance Framework]]<br />
+*[[IT Governance Framework]]
-[[IT Infrastructure]]<br />
+*[[IT Infrastructure]]
-[[IT Investment Management (ITIM)]]<br />
+*[[IT Investment Management (ITIM)]]
-[[IT Management (Information Technology Management)]]<br />
+*[[IT Management (Information Technology Management)]]
-[[IT Maturity Model]]<br />
+*[[IT Maturity Model]]
-[[IT Metrics (Information Technology Metrics)]]<br />
+*[[IT Metrics (Information Technology Metrics)]]
-[[IT Oganization Modeling and Assessment Tool (ITOMA)]]<br />
+*[[IT Oganization Modeling and Assessment Tool (ITOMA)]]
-[[IT Operations (Information Technology Operations)]]<br />
+*[[IT Operations (Information Technology Operations)]]
-[[IT Operations Analytics (ITOA)]]<br />
+*[[IT Operations Analytics (ITOA)]]
-[[IT Operations Management (ITOM)]]<br />
+*[[IT Operations Management (ITOM)]]
-[[IT Optimization]]<br />
+*[[IT Optimization]]
-[[IT Portfolio]]<br />
+*[[IT Portfolio]]
-[[IT Portfolio Management (ITPM)]]<br />
+*[[IT Portfolio Management (ITPM)]]
-[[IT ROI]]<br />
+*[[IT ROI]]
-[[IT Roadmap]]<br />
+*[[IT Roadmap]]
-[[IT Service Continuity Management (ITSCM)]]<br />
+*[[IT Service Continuity Management (ITSCM)]]
-[[IT Service Management (ITSM)]]<br />
+*[[IT Service Management (ITSM)]]
-[[IT Sourcing (Information Technology Sourcing)]]<br />
+*[[IT Sourcing (Information Technology Sourcing)]]
-[[IT Standard (Information Technology Standard)]]<br />
+*[[IT Standard (Information Technology Standard)]]
-[[IT Strategic Plan (Information Technology Strategic Plan)]]<br />
+*[[IT Strategic Plan (Information Technology Strategic Plan)]]
-[[IT Strategic Planning]]<br />
+*[[IT Strategic Planning]]
-[[IT Strategic Sourcing]]<br />
+*[[IT Strategic Sourcing]]
-[[IT Strategy (Information Technology Strategy)]]<br />
+*[[IT Strategy (Information Technology Strategy)]]
-[[IT Strategy Framework]]<br />
+*[[IT Strategy Framework]]
-[[IT Strategy Process]]<br />
+*[[IT Strategy Process]]
-[[IT Transformation]]<br />
+*[[IT Transformation]]
-[[IT Value]]<br />
+*[[IT Value]]
-[[IT Value Mapping]]<br />
+*[[IT Value Mapping]]
-[[IT Value Model]]<br />
+*[[IT Value Model]]
-[[IT Vision]]<br />
+*[[IT Vision]]
-[[Innovation]]<br />
+*[[Innovation]]
-[[Innovation Adoption Curve]]<br />
+*[[Innovation Adoption Curve]]
-[[Innovation Economics]]<br />
+*[[Innovation Economics]]
-[[Innovation Strategy]]<br />
+*[[Innovation Strategy]]
 </div>