Most of the CIOs I speak with are looking at the year ahead as an opportunity to drive innovation within their organizations, usually by automating back \n\noffice activities. That's a good place to start. But the most aggressive are looking beyond running the IT shop more efficiently and effectively; they're also \n\nexperimenting with new technologies that can increase profitability, improve competitiveness and attract new customers. We call them ambidextrous \n\ninnovators. Here are five areas for experimentation that seem to have value potential for both the back and the front office. 1. The Cloud\u2014The buzz will only get louder, but experienced CIOs aren't getting caught up in the hype. Incremental innovation offers \n\nthe means to test and learn without the risk of a big-bang, budget-busting experiment. Try prototyping applications in a rapidly provisioned, web-based \n\nenvironment to define what cloud computing means for the organization. For non-mission-critical data, evaluate cloud-based storage instead of buying \n\nmore. Working with the CFO, the CIO can examine new financial models to determine if the cloud really offers the savings that are so often promised. \n\nAmbidextrous innovators are looking beyond how the cloud can alter the IT department and experimenting with ways new cloud capabilities can \n\nimpact the organization more broadly. Start collaborating with other parts of the business to explore whether new cloud-based capabilities are compatible \n\nwith the existing architecture, and create value rather costly complexity.2. Location Awareness\u2014Assets on the move, be they employees, vehicles, inventory or even customers, represent an attractive test \n\nbed for experimentation. GPS chips continue to drop in price and are becoming ubiquitous in smartphones, laptops, tablets and other devices. RFID \n\ntechnology continues to mature. Technology-enabled communities of interest are leveraging information about the location of customers to drive traffic and \n\nsales. The CIO can experiment with location awareness technology to uncover low-risk, high value opportunities. Those might lie in real-time tracking for a \n\nlogistics firm, or in conducting deep analysis of location-based information, such as the neighborhoods of highest risk exposure, for a property\/casualty \n\ninsurer. 3. Mobility\u2014According to the UN's International Telecommunications Union there are 4.6 billion mobile phone subscriptions worldwide. On one hand, what are the \n\nneeds and problems you might address for your employees among that huge group? On the other, what sort of mobile experience are your customers \n\ncraving? The ambidextrous innovator will look both ways for opportunities to create value. It's not just about gaming, maps, and weather data. This holiday season mobile price comparison apps gave consumers new power when they visited \n\nretailers. Talk to your front-line salespeople and customer service leadership about how customers might benefit by using mobile apps from your company. \n\nThink beyond efficiencies and brainstorm about new services that can improve your value proposition and build more loyal customers. 4. Social Media\u2014Ambidextrous innovators would be well served by diving into the application program interfaces (APIs) of those \n\nthousands of social media applications that have arisen since the advent of the smart phone. How could a social media application help drive customer \n\nservice efficiencies? How could crowd-sourcing be leveraged to engage customers in the design of new products? Most importantly, how can the \n\ninformation generated through social media activities be captured, stored and analyzed to yield fresh insights that lead to real innovation?Conversely, the CIO should consider experimenting with ways of modularizing and extending the reach of the company's own business services by \n\nopening up APIs to third-party business partners to create a very low cost of sales for reaching new customers.5. Data visualization\u2014Smartphones are already giving consumers the means to layer photos within a different visual context. There are \n\ndozens of free tools from reputable sources. And on December 7, 2010 the U.S. Treasury Department launched a new website redesign, including new \n\ndata visualizations for information such as \n\ninterest rate and Recovery Act data. Talk to your team about ways of visualizing business, technology, and information architectures so that the rest of \n\nmanagement truly understands what you're talking about. Ask the CFO if he would like to take traditional reports and bar\/pie charts to the next level by \n\nlayering data in context. Demonstrate to the CMO what's possible in analyzing market potential on a block-by-block basis in a given neighborhood and \n\npresenting that information in an augmented reality on a map.Let the Experimentation BeginThe CIO who wants to be an ambidextrous innovator \u2014 automating back office operations and creating value customers will pay for \u2014 \n\nshould keep in mind four priorities. Keep the experimentation aligned with real business needs. Support an innovation engine for generating fresh ideas, for \n\nexample a dedicated team, a competition, or a connection with an academic institution. Align skills from across the organization to help in the effort. Adopt \n\na clear roadmap and the rigor to stay on course.Which technologies are you experimenting with this year? And will you be innovating with one hand tied behind your back, or ambidextrously?Chris Curran is a PwC principal and leader of technology strategy and innovation for PwC's Diamond Advisory Services. Find more from Chris on his \n\nCIO Dashboard blog, or on Twitter @PwC_LLPFollow everything from CIO.com on Twitter @CIOonline.