New Technology Benefit Cycle
Amid all the new technology advancements like cloud computing, big data, mobility and social collaboration, organizations are struggling to seek the concrete advantages in applying these technologies to their own real-world scenarios. The reasons could very well be rooted in the way an organization goes about solving problems or they reflect the inability of their service provider and technology vendor to identify the need for change and the implementation of the right solution. The adoption and implementation of the new technologies in an enterprise or an ISV environment must be aligned to well-crafted strategies. Only after getting these strategies right can the process of organizational innovation move ahead successfully.With the right strategies in place, CIO teams can drive specific projects that help realize and enforce a brand new vision. As long as these projects are designed in such a way as to benefit both the business side and the cost side of the equation, they will bring more maturity and stability to the innovation process.
In my recent article, Technology, Innovation and Futile Feats, I have conceptualized the ‘New Technology Benefit Cycle’ to help understand how to benefit from new technologies and be aware about the caveats.