Posts Tagged ‘Information Week 500’

Research Report: How The Five Pillars Of Consumer Tech Influence Enterprise Innovation

Most Enterprise Software Vendors Fail To Deliver Innovation

Despite hundreds of billions wasted on failed research and development projects, most market influencers would agree that enterprise software vendors have produced a dearth of innovation over the past decade.  Vendors often cite UI re-skins, major functionality additions, integration of acquisitions, technology re-platforms, and weak attempts at faking cloud computing as innovations.  In fact, let’s call it what it is.  Only a handful of enterprise software vendors have truly innovated.   Many enterprise software vendors are fast followers.  Most are innovation laggards living off fat maintenance revenue streams.  Ask any product strategist where they gain their inspiration and they will all cite advancements in consumer technology; and not peer enterprise competitors.

Innovative Enterprises Push Forward Mostly On Their Own

During this year’s Information Week 500 event, conversations with over 50 leading business technology leaders highlighted the growing gap in innovation.  These next gen leaders demonstrated how they were turning to consumer tech advancements to influence their custom development efforts; and/or seeking emerging vendors with innovative offerings.

For example, Bill Martin, the CIO of Royal Caribbean showed how design thinking coupled with real-time analytics and on-board mobility could improve the cruise experience on the largest ship ever built.  Shawn Kleim, Director of Development at WetSeal, provided proof points on mobility and social convergence in driving retail sales and eCommerce in the highly competitive teen apparel market.  Dave Bent, Senior VP of eBusiness services and CIO of United Stationers, proved how a company could deliver cloud services to partners and create competitive advantage across a value chain.

A number of CIO’s showcased how they were taking advantage of the cloud with SaaS apps and private clouds. Others discussed their efforts to optimize costs using third party maintenance to pay for innovation.  The common lessons learned – most did not expect to gain market advantage from their existing and legacy vendors.  Innovations came from the consumer tech side and next generation solution providers.  Consumer tech advancements influenced business driven technology advancements.

Software And Tech Vendors Rush To Incorporate The Five Pillars Of Consumer Tech

Ten elements drive key design points for next generation apps.  These design points showcase how advancements in consumer tech now permeate the enterprise.  Design thinking concepts drive dynamic user experiences, business process focus, and community connectedness.  Based on existing research, deep dives into major vendor road maps, and validation with clients, five pillars of consumer tech have emerged as the foundation for future inspiration in the enterprise (see Figure 1):

Figure 1.  Five Pillars Of Consumer Tech Will Influence Enterprise Software Throughout The Next Decade

More…

Event Report: 2009 Information Week 500

Insight From This Year’s IW 500 Shows Shifting Role Of The CIO And Technology Adoption

VIP cocktail reception at the IW 500Information Week 500 Gala Awards Dinner Information Week 500 Gala Awards - St. Regis, Monarch Beach, CAInformation Week 500 Awards Ceremony - St Regis, monarch beach, Rob Preston Up Close and Personal - Information Week 500-Information Week 250 Wall of Fame - St. Regis, Monarch Beach, CA

(Source: R Wang & Software Insider POV, Copyright © 2009  All rights reserved.)

Lots of lessons learned amidst the celebration of the leading innovators in IT at the Information Week 500.  In conversations with CIOs these past days, a few trends have emerged:

  • Companies less loyal to existing investments and vendors. Because budgets remain tight and drive most investment priorities, CIO’s are now open to new ideas that reduce operating costs — even if this means replacing existing investments.  CIO’s and IT leaders no longer hesitant to move away from established investments.  Conversations with a IW500 financial services CIO put it quite clear, “I don’t care how long we’ve used the stuff.  If it’s cheaper, I’m open to it.  Better and faster would be nice too”
  • Economic conditions put SaaS and cloud computing top of mind. CIO’s and IT leaders find new service offerings with faster deployment times, lower operating costs, or significant impact to the business users more attractive .  The adoption and interest has past the tipping point.   As one IW500 manufacturing CIO put it, “All the new stuff is going to be on SaaS.  The business wants it and we embrace it, even when our existing vendors tell us they will build that in the future.  We don’t have time to wait”
  • Realization that the CIO role continues to evolve. SaaS adoption now allows employees and business units make decisions on their own.  CIO’s must still find ways to secure these applications and ensure seamless integration.  Some CIO’s seek a single integrated approach, but most realize that their role has changed. A IW500 pharma CIO notes,” My role has changed from large ERP implementations or enterprise wide SOA to more vendor management, hybrid integration, and application development.”

Your POV
What are your organizations doing? Are you seeing similar trends?  Post your comment here or reach me direct at r at altimetergroup dot com or r at softwareinsider dot org.

Copyright © 2009 R Wang. All rights reserved.

Speaking Engagement: Information Week 500 – Navigating The Board Room – What do you bring to The table?

IW 500 Navigating the Board Room

Title: Industry Event: Information Week 500 – Navigating The Board Room – What do you bring to The table?
Location: The St. Regis, Monarch Beach, Dana Point, California
Start Date: 2009-09-13
End Date: 2009-09-15
Link out: Click here
Description:

Business technology executives must sit at the center of corporate decision-making, especially in today’s economic climate. That means building tighter relationships not only with the CEO, but also with top executives in finance, sales, marketing, international, legal, business development, and HR, as well as directly with customers. Your career and your company’s future are on the line.

At the 2009 InformationWeek 500 Conference, C-level executives from leading global companies will meet to discuss how they’re delivering on the most critical business priorities of the day. The conference will feature sessions on:

* Mapping IT strategy and investment to the CEO agenda
* Cultivating, sponsoring, and driving innovation
* Viewing your role from a global perspective
* Working with the board on e-discovery and other pressing governance issues
* Speaking the language of operations, sales, finance, HR, and other key departments
* Preparing the next-generation tech workforce

Unveiling of the 2009 InformationWeek 500 Rankings – The Very Best Business Technology Innovators
Be there Tuesday, September 15, 2009 as we celebrate the 500 most innovative users of business technology at the InformationWeek 500 Conference and Gala Awards. The conference represents a unique opportunity to meet and interact with the most respected and recognized executives in the field. The best of the best attend InformationWeek 500 Conferences, including executives from Harrah’s Entertainment, FedEx Corp, Wells Fargo, Eastern Mountain Sports, Adidas Group, Tiffany & Co, and GM.

Network with hundreds of executives from InformationWeek 500 ranked companies. Gain practical insight and advice from the most innovative business technology executives in the world – and get realistic solutions to your own IT challenges from innovators in your own industry.

Join us at the annual InformationWeek 500 Conference for two and a half days of inspiring sessions, innovative strategies, stimulating dialogue, and unrivaled networking opportunities.

Tuesday, September 15, 2009

12:30 am – 1:45 pm
Pacific Ballroom Keynote Luncheon: The Future Of Software
Luncheon Host: HP Software And Solutions

For many years, the traditional model of on-premises enterprise applications allowed companies to manage their expanding operations via ERP, synchronize their supply chains, engage more effectively with customers, and administer their workforces more effectively and at lower costs. At the same time, however, that model brought a voracious appetite for resources, training, administration, and precious IT budget dollars swallowed by 22% annual maintenance fees. Over the last several years, as the pace of global business has accelerated and IT has moved from the back office to front-office engagement with customers, cracks in the traditional model have appeared as alternative providers with alternative approaches to enterprise software have begun winning the wallets of CIOs. In this luncheon session, we’ll chat with the leaders of some of those new-wave companies and a renowned enterprise applications analyst to understand the value propositions of these new models, their limitations, and their impact on the traditional on-premises model that has dominated the scene for the past couple of decades.

Panelists:

* Aneel Bhusri, Co-Founder & President, Workday
* Christopher Lochhead, Senior Strategy Advisor, SuccessFactors, & former CMO, Mercury Software
* R “Ray” Wang, Partner, Altimeter Group


Moderator:

Bob Evans, Senior VP & Global CIO Director, InformationWeek

Register