Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Webcast: In the Google Apps Cloud: How to Achieve Your Business Objectives
Dec 3rd, '09, 1 - 2 pm US/Eastern (GMT-5)
Join Council member Brent Hoag, Director, Global IT, at JohnsonDiversey, as he discusses the adoption of Google Apps which has helped meet four corporate goals; sustainability, simplification, increased employee productivity and global collaboration.
Webcast: Collaboration Initiatives: Benchmarks & Best Practices
Dec 15th, '09, 4 - 5 pm US/Eastern (GMT-5)
Join Council members Ruth Thorpe, VP & CIO at the U.S. Pharmaceutical Operations of Sanofi-Aventis, and Gary Kuyper, CIO at Bethany Christian Services, as they speak about their collaboration initiatives and experiences in how and why they chose the social networking and collaboration tools they are using and their business goals for collaboration, and facing culture change challenges.
Data Overview: Collaboration Initiatives Field Guide: Benchmarks & Best Practices
This appendix to the Council Field Guide provides an analysis which discusses benchmarks for collaboration IT implementation costs, adoption rates and payoffs. The overview identifies top IT and business goals and satisfaction rates for collaboration initiatives as well as best practices and lessons learned for implementing collaboration IT.
Learn more about the CIO Executive Council »September 11, 2007 — CIO —
At the CIO 100 Symposium this year, delegates were treated to a plethora of ideas, innovation and knowledge sharing that bordered on the extreme. Of all of the issues discussed, I was most intrigued by the concept of open innovation. Both Don Tapscott, author of Wikinomics, and Dwayne Spradlin, president and CEO of InnoCentive, discussed in detail how the traditional practice of R&D is not only flawed but essentially dead.
The central idea of open innovation, as defined on Wikipedia, is that “in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or license processes or inventions (i.e. patents) from other companies. In addition, internal inventions not being used in a firm’s business should be taken outside the company.” Henry Chesbrough, a professor and executive director at the Center for Open Innovation at Berkeley, is credited with coining the phrase.
Now you might say this sounds ridiculous, futuristic or plain scary. However, when Alan Lafley, CEO of P&G and one of the most admired CEOs in the world, proclaims, as he did in 2003, that “50 percent of all P&G discovery and invention could come from outside the company,” CIOs and other executives should take notice. This is even more remarkable when you think that only one-fifth of P&G’s R&D came from the outside in 2002.
Couple the concept of open innovation with the idea, expressed at the CIO 100 Symposium by Randall Stephenson, CEO of AT&T, that in an IP-based world, the RPMs of commerce will increase exponentially over time, and you need to be thinking about how you can accelerate your own product development cycles. Open innovation not only allows for massive collaboration but it also enables solutions and innovation to occur at a faster pace.
This practice is only going to grow in acceptance. It is something that your organization should not only be discussing but aggressively adopting. Be assured that your competitors are.
To learn more about this remarkable topic, I recommend the following websites: Venture2 CEO Mike Doherty's blog, innovation.net, as well as InnoCentive, open-innovation.com by Frank Piller at MIT's Smart Customization Group, and Tapscott's Wikinomics.com.