The entrepreneurs at Silicon Valley have long recognised that the process of failing quickly to learn quickly is a stepping stone to success, thus creating a culture of “failing forward”. In the fast-paced startup world, failure is a critical part of workplace culture, in the belief that failing fast means innovating faster.
One of the biggest challenges facing businesses looking to compete in a digital environment is lack of experimentation, according to the latest study by MIT SMR and Deloitte. The 2018 Digital Business report found that digitally maturing organisations are more likely to experiment and iterate, something that more established companies struggle with.
The Chief Innovation Officer of IBM Services, North America, Hemang Dave sheds light on how the company has been driving sustained innovation for over a century.
As businesses continue to grow, new technologies and solutions come to the fore, and business innovation proves to be more important than ever, companies are stepping up their hiring rates to fill the growing skills gap. Yet the answer could be in your existing workforce.
Three Chief Innovation Officers tell us what makes this recent role so important to the success of every business and why companies should be hiring people just like them.
The Chief Innovation Officer is more important than ever for the success of companies, with demand expected to rise further in the coming years. We look at the definition of the CIO, and why they are the key player in business innovation management today.
Human experience and end-user insights are the most valuable tools for business innovation, according to the Innovation Benchmark Report conducted by PwC, which surveyed more than 1,200 companies in 44 countries.
“We are educating people out of their creativity”, whereas we should be promoting it as a key competence for the decades ahead. This is the main message echoing from Sir Ken Robinson’s bright and entertaining TED Talk, “Do schools kill creativity?”, already watched by almost 45 million people worldwide.
As innovation goes beyond Research and Development, the Chief Innovation Officer is the main person responsible for guiding technology innovation within organisations, say 35% of the executives surveyed by KPMG’s Global Technology Innovation report.