Why Are Large Organizations Embracing Innovation for Competitive Edge?

As the world is increasingly becoming digital and interconnected, large organizations are constantly aligning their strategies, workforce, and operational models to not just keep pace with change, but to lead it.

Supporting the culture of innovation is not merely about generating new ideas; it's about creating an environment where these ideas can thrive, evolve, and integrate seamlessly into the existing corporate structure.

The growing emphasis on a culture of innovation within organizations is propelling a change in the role of the Chief Information Officer which is rapidly transforming into that of a Chief Innovation Officer. This evolution sees CIOs shifting from traditional IT management to becoming the vanguards of innovation, harnessing technology not just for efficiency but as a strategic tool for business growth and transformation.

By leveraging this culture of innovation, the new-age Innovation Officers are catalyzing change across all levels of the organization, fostering creativity, driving technological advancements, and positioning their companies at the forefront of industry evolution. This role expansion underscores the integral link between technology and innovation in shaping the future of businesses.

What Large Organizations Do to Encourage Innovative Culture?

Often, the leadership and top management of large organizations set the tone for an innovative culture by practicing:

• Structural Adaptability: Adopting flexible organizational structures that support creativity and agility, enabling quick adaptation to new ideas and market changes.
• Employee Empowerment: Implementing strategies that engage and motivate staff, encouraging them to actively contribute innovative ideas and solutions.
• Fostering a Safe-to-Fail Environment: Creating a culture where failure is seen as a valuable learning experience, integral to the innovation process.
• Technology and Innovation: Utilizing advanced technology to boost innovative capabilities, streamline processes, and foster cutting-edge solutions.
• Creative Mindset and Corporate Culture: Embedding creativity and forward-thinking into every aspect of the corporate ethos, encouraging a pervasive culture of innovation.
• Innovation Workshops and Training Programs: Providing essential education and inspiration to empower employees in actively contributing to the organization's innovative efforts.

Statistics Speak

• 92% of the global digital leaders ?have adopted cloud technology whereas 61% have adopted big data/analytics.
• 77% of the CEOs emphasize on the importance of integrating innovation into their business strategies.
• 60% of the survey respondents ?said they are using data to drive innovation.
• 52.6% of the responses indicate leadership support as the top enabler for innovation accomplishments and success.
• 41.8% of the respondents agreed that implementing innovative practices at workplace positively impacts motivation and 39.5% strongly approved that an innovative and supportive work environment motivates to perform well.

Forsys' Way of Innovation

Explore our in-house solutions designed to enhance enterprise work management.

• Salesforce NetSuite Integrator on MuleSoft Data
• Reconciliation Testing
• Forsys Order Form Generator
• PriceSync
• MasterData MigrateForce

Our Success Stories

Case Study

Forsys Builds Integration Solution for Oracle Planning Central Cloud, Increases Data Accuracy to 99%

Read More

Case Study

Forsys Upgrades Oracle Patch Release, Improves Financial Close Time for an Electronics Manufacturer

Read More

Case Study

Forsys Enables Migration to Oracle Cloud, Reengineers the Business Process to Improve Productivity by 80%

Read More

Quote of the Month

“Creative thinking is not a talent, it is a skill that can be learned. It empowers people by adding strength to their natural abilities which improves teamwork, productivity and, where appropriate, profits.” – Edward De Bono