The Importance of Technology-Driven Innovation

The key theme of Forrester’s marquee conference, Digital Transformation and Innovation 2019, was how innovation could be a critical enabler for advancing digital transformation. The event, which was held May 14-15 in Chicago, attracted an outsized number of C-level business leaders and decision-makers from multiple industries.

The experts at the event broadly acknowledged the difficulties that underpin successful digital transformation, offering suggestions and concepts for businesses to strategize, plan and execute their transformation initiatives. They were tired agreement that mastering technology-driven innovation plays an important role in any company’s transformation journey.

And although we visit a “journey,” digital transformation isn’t a destination. You don’t transform your business and say, “I am done.” The markets will still change. The technology landscape will still change. So, your business has to continuously adapt.

Technology Drives Innovation

We are seeing an excessive amount of “digital sameness” nowadays. Apps, web pages, and user experiences offered by key players across the industry are similar. So how do companies differentiate and grow? Disruptive innovation is the answer. Technology-driven innovation involves rapid technology experimentation with the aim of unleashing disruptive change.

This rapid experimentation provides insights that help businesses make informed decisions on which technologies and innovations to embrace and which to ignore, understand which platforms and products hold promise, and determine where to position bets.

The challenge isn’t that technology is changing rapidly. It’s that companies have to understand technology better and more quickly so as to adapt it fast enough to stay the pace.

Three of the conference tracks focused on technology-driven innovation: Core Transformational Technologies, Emerging Technology, and therefore the way forward for Work. Each track was hosted by some different Forrester analysts and consisted of sessions designed to assist educate and encouraging business leaders on these foundational topics.

Core transformational technologies. Embracing core technologies driven by cloud, microservices, low-code, APIs and intelligence is critical to maintaining rapidly shifting business models. It’s also important for businesses to inform a story about why investment in new technology is critical. While that story should include best practices and lessons learned, it is important to also share ways to use success in cloud platform adoption to modernize applications. This shows the necessity to speculate on core technology as a business asset, not a price center.

Emerging technology isn’t about all the new buzzwords — it’s about business plans thoughtfully crafted and structured for execution. Through the correct structured emerging technology experimentation and adoption plans, businesses understand the way to leverage new technologies to form a path to differentiation, disruption, and growth. it had been great to work out Dell Boomi get a shout-out within the AI and IoT session for powering Briggo, the primary automated robotic coffeehouse.

The future of labor is changing. Adaptive enterprises understand how to reply to rapidly changing customer, technology, and competitive trends. These technologies are creating job gains, job losses, and job transformations. To plan for the workforce, in the long run, businesses have to understand where they have to take a position in automation. during this new workforce, robotics quotient (RQ) — scoring a corporation or individual’s ability to figure effectively with robots — drives considering automation and AI becomes critical.