I recently attended the MIT Sloan CIO Symposium for the second time. It is an annual one-day conference, held on the MIT campus. This is part three of my notes. I attended a session, Positioning IT as an Innovation Engine, led by Martin Reeves, Senior Partner, Boston Consulting Group. Panel members include: Ananth Krishman, CTO, TCS, Daxi Li, Chairman Chinese Association for Science and Business, Roy Rosin, VP of Innovation, Intuit, and Marco Orellana, CIO Codelco. The session picked up on some of the themes covered in the solving the CIO paradox session I reported on earlier.
Martin said that this panel operates on the assumption that IT can drive innovation. This is still an issue at many firms. So he asked the panel if IT does drive innovation. Roy said that the essence of innovation today is to fail fast before investing a lot in the wrong direction. The CIO can be a big part of this. Get things done quickly to fail fast. The challenge is how to get into the right data to test ideas, how to set up a Web site quickly or do a prototype. Intuit uses IT to both create innovation and to run the company. For example, need to understand customer problems on such issues as how get billing processed faster. IT can help here.
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