keep up with Innovation or Die.

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Digital technology is evolving and will become the universal language, the channel through which people will make the most important decisions about how to better serve their customers and generate more revenues and profits.

We are going through the disruptive innovation era with an unprecedented pace and with a disruptive impact on enterprises.

 

“The theory of disruptive innovation was invented by Clayton Christensen, of Harvard Business School, in his book “The Innovator’s Dilemma”. The theory explains the phenomenon by which an innovation transforms an existing market or sector by introducing simplicity, convenience, accessibility, and affordability where complication and high cost are the status quo”.

 

According to Gartner, by 2017, a significant disruptive digital business will be launched that was conceived by a computer algorithm.

Gartner forecasts in the same search that by 2020, developed world life expectancy will increase by 0.5 years due to widespread adoption of wireless health monitoring technology.

At the same time a survey from PR expert Edelman found that 51 per cent of businesses believe the pace of innovation is too fast for them to handle.

A company that doesn’t innovate is dead, for this reason Big Brands are evolving keeping up with innovation.

 

  •  How can IT leaders be prepared for the change of Innovation?

In a Gartner survey, of 2,800 CIOs in 84 countries showed that CIOs are fully aware that they will need to change in order to succeed in the digital business, with 75% of IT executives saying that they need to change their leadership style in the next three years.

Google promises to reinvent cars as autonomous vehicles; Amazon promises to reinvent shopping (again) using drones; 3D printing could disrupt manufacturing. But perhaps the most surprising disruptive innovations will come from bottom-of-the-pyramid entrepreneurs who are inventing new ways of delivering education and health-care for a fraction of the cost of current market leaders.

In a few words, disruptive Innovation will give rise to new businesses, some created by machines, as the Internet of Things (IoT) that has the potential to transform industries and the way we live and work.

But, for accomplishing all this requires a renovated IT core. A renovated core will be the foundation of future digitalization initiatives, especially those requiring more business openness and stronger links to the outside world of customers and services.

Also, the digital technology increases the underlying complexities and dependencies of technology, dramatically increasing the variety of attacks, and amplifying the effects of disruptions across networks of individuals, enterprises and machines. The aggregation of enormous amounts of data increases the risks associated with both authorized and unauthorized access.

But, a new study by Gartner says that according to the increased risks related to environments and services IoT will increase security investments dedicated to protecting their digital resources.

For this reasons, over 20% of companies will resort to security services entirely dedicated to protecting digital business initiatives that use devices of Internet of Things (IoT) by the end of 2017.

 

For further informations: 

By Forbes: http://onforb.es/1QaId1N

By Gartnerhttp://bit.ly/1JPmFXL

Posted on 3 September 2015 in Innovation

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