Companies Investing More in Innovation

By Dennis McCafferty  |  Posted 10-18-2013 Email

In recent years, a running theme in many of our slideshow features has been the elevation of CIOs to the role of strategic leaders who help drive innovation, as opposed to being strictly operational managers. And, obviously, a strategic leader commands more clout among the C-Suite. A new survey from Boston Consulting Group brings encouraging news on this front: Organizations are more likely than ever to invest significant budget dollars and resources in innovation efforts. Organizations are also encouraging the use of multi-disciplinary teams—and they're making sure incentive programs recognize inspired individual and team results. All of this bodes very well for CIOs, given that tech advancements serve as the fuel for the innovative fire within a team. The accompanying report from Boston Consulting Group includes a list of the top 50 most innovative companies in the world, a list that's dominated by the biggest players in the IT industry, such as Apple, Google, Microsoft and IBM. More than 1,500 senior executives participated in the research. For more about the survey, click here.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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