by Staff Writer
Businesses are banking on innovation as a top way to stay relevant and edge out the competition, a strategy that looks like it will pay off. According to a report from Accenture, 54 percent of large companies expect new business — including both novel products and entry into previously unexplored markets — to generate more than half of total revenues within the next few years.
And for the most innovative companies, a focus on driving innovation is already paying off: for the six percent of companies who have demonstrated the strongest ability to embrace organizational change, a whopping 75 percent of revenues stem from business activities that didn’t exist prior to 2015.
But before businesses can innovate, they must first develop their ability to discover and act on new ideas with speed and confidence. “Innovation is the implementation of a new or significantly improved product or process that creates a value,” says Linda Naiman, an organizational creativity consultant who has worked with a roster of enterprise and Fortune 500 companies that includes American Express and Cisco. “But you cannot innovate without creativity.”
by Andy Lientz on May 17, 2018
Not long ago, enterprise IT departments would purchase a new application, deploy it to thousands of employees and hope for the best that they would use it. If the app didn’t align precisely with workflows, or if valuable features were hard to find, there was a good chance usage would be low.
We’ve come a long way since then. Interfaces for business software have greatly improved and some applications allow a degree of customization to match the task at hand. But there’s a lot more that can be done to ensure enterprises get maximum value and productivity from their enterprise applications. Machine learning will make a lot of that possible.
Writers and Bloggers from Smartsheet.