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8 Minute Read
Economic uncertainty during financial downturn often drives companies to prioritize immediate operational concerns over long-term innovation. Many businesses will struggle to absorb tariff induced costs. This can stifle the appetite for innovation spending.
Agile innovation teams can potentially take steps now to reposition themselves as a key solution provider, aligned with immediate business priorities and instrumental in maintaining growth and profitability
5 Minute Read
Innovation teams will be significantly impacted by U.S. tariffs and the risk of a trade war, especially when operating in global supply chains or relying on international collaboration.
Our Tariff and Trade War Viewpoint gives a breakdown of the main risks & mitigation strategies, how companies are responding right now and a practical action plan for teams to adopt.
5 Minute Read
SIAM (Service / Supplier Integration and Management) is a framework to govern and coordinate multiple service providers. SIAM can lower spending, deliver consistent and seamless end-to-end services and drive continual improvement.
SIAM evolved to address the complexity and inefficiency issues of multi-supplier operating models for IT managed services. Innovation teams can potentially implement SIAM to realize cost and quality improvements.
4 Minute Read
The average time taken by innovation-led companies in some key sectors to complete the journey from imagining to implementation has reduced by up to 50%. Traditional innovation functions are struggling to keep up with the “new normal” of rapid market shifts, unpredictable economic fluctuations, ever faster rate of technological advancement and significant geopolitical change.
Innovation teams will need to re-assess their processes, tools, skills and budgets to ensure that they remain sufficiently agile and fast moving or risk becoming a barrier to business growth.
5 Minute Read
More than 85% of Fortune company CEOs have declared that innovation is a key part of achieving success.
Establishing the IT department as an innovation hub may be a key way to demonstrate the essential business value of internal IT, shifting perceptions from being seen as a back-office cost center to that of strategic enabler.
If IT teams can lead or co-lead innovation, they can become an essential business partner, building trust, unlocking funding and creating board-level influence.