On Friday, I had the pleasure of presenting to Tech Mahindra’s Innovation Day event at Georgia State. In preparing for this meeting, I researched the massive change that has occurred in technology over the past 25 years – in hopes to shed some insight on what I think will be the future for innovation. My conclusion: everything is now aligned for disruption in every industry. Nearly all of the traditional barriers have been eliminated. Disruption and innovation are inevitable now, and your company will likely be innovating and changing your industry—or a competitor will do it for you!
I advised CEOs and CIOs to totally rethink their mindsets around IT. In the past, all innovation involved large capital outlays, and obvious limits existed on creating value with existing technologies. Let’s look at the traditional barriers one by one: