With the accelerated pace of change in the new digital economy, organizations that want to gain and maintain a competitive advantage need more than a great idea – they need to execute on that idea. McKinsey defines innovation as “creativity plus delivery”i. So, according to their definition, if you cannot be creative at scale, execute the ideas efficiently and effectively and, of course, deliver it to the consumer, then your company isn’t innovating.
Today, a large portion of IT budgets and IT team time go to maintaining current infrastructure. With almost every company in the new economy having a technology component, IT departments are tasked with both supporting and growing the business. IT department time and resources are being pulled in two different directions. Automating the IT supply chain frees staff to innovate, speeding processes and time-to-delivery.