CO - Techinnovation

Creating the foundation for Sustainable Innovation

Creating the foundation for Sustainable Innovation
Creating the foundation for Sustainable Innovation

In 2011, Marc Andreessen famously proclaimed that ‘Software Is Eating the World’. New software-driven products and experiences are impacting virtually every industry we can name – from retail (Amazon) through cable TV and movies (Netflix) and music (Spotify) to hospitality (Airbnb and Marriott Homes and Villas).

We’re seeing a similar trend manifest across many ASEAN markets too. For instance, DBS is trailblazing the digital way in banking, Ascend Money’s TrueMoney e-wallet is driving financial inclusion across the underbanked in Southeast Asia, while Grab the ride-sharing giant has become a synonym for “taxi” in many markets across the region and have also branched out into payments and food delivery. I would argue that software is actually feeding the world.

The success of these digital organizations indicate that innovation is what keeps the wheels of modern society running. In fact, constant innovation has become de rigueur in the current economy. As consumer demand cycles get shorter and shorter, businesses are pushed to continuously deliver innovative solutions to remain relevant.

As the pace of business accelerates, we see more and more companies looking for answers around the following - How do you collaborate with customers, vendors, and partners to keep your organization on the cutting edge? What kind of organization matches the speed and complexity that businesses must master—and how do you build that kind of organization? How do you inspire your people to greater energy and creativity?

Harnessing the power of open source to enable continuous innovation

As digital transformation reshapes industries, companies of all shapes and sizes are rethinking their approach to innovation. A radical shift in learning and getting work done is required to help them compete more effectively.

Today, open source is powering innovation in every aspect of technology, in areas such as cloud computing, containers, big data, mobile, IoT and more. Open source enables a new way of work that is necessary to enable continuous innovation.

The traditional model of “plan, prescribe and execute” is no longer relevant today. What is more important for businesses today is empowering people to initiate and iterate change rapidly from the ground up. Creating an environment conducive to responding quickly in today’s fast-paced, and sometimes-disruptive world.

Spotting the troubling signs of sustaining innovation

Many of us have heard of “writer’s block” but how many are familiar with “innovation fatigue”? Just like the disastrous consequences the former affliction can have on the livelihood of professional authors, the latter can spell trouble for commercial enterprises given the importance of continuous innovation to their survival in today’s environment. Generally, innovation fatigue can happen when the foundations for continuous innovation is not conscientiously built into the DNA of the business, and innovation is sporadic and dries up because it takes a mammoth effort to keep it going. But how can business leaders reshape their DNA to address this?

How can business leaders respond to such a situation?

Leaders need to rethink the way they organize the company to get work done. They should create the context and provide conditions to enable their people to innovate and do their best work by focusing on the three primary pillars that have been foundational in open source communities:

1. Configuring for constant change. To enable this, leaders need to ensure that processes in organizations are focused on experimentation and learning instead of structured long-term planning. Also, organisational structures should focus more on the end customer rather than on specialisation and efficiency.

2. Enablement. This requires providing information and pushing the decision-making power to employees closest to the impact of the decisions.  

3. Engagement. This requires organizations to embrace new techniques to motivate the right behaviours. They should focus on enabling teams and individuals to collaborate to get their work done.  

As an open organization, Red Hat firmly believes in meritocracy. We believe in a culture rooted in open exchange, offering Red Hatters support and an opportunity to grow professionally. Any organization with innovation at the core of its value creation can benefit from the open organization principles of transparency and participation. I’m curious to find out your thoughts on this. How are you enabling your organization to continuously innovate while preventing innovation fatigue?
 
  • Damien Wong
    Damien Wong
    Vice President & General Manager, Red Hat

    Damien Wong is the Vice President and General Manager for the SEATH region at Red Hat. With a career spanning over 22 years, Damien has held leadership roles in companies like Hewlett-Packard, Accenture and META Group. Before joining Red Hat, Damien was the General Manager of Southeast Asia at HP Software. He was also the Director for Service Portfolio Management in HP Software for Asia Pacific & Japan. Prior to HP, Damien was Senior Vice President for Strategic Management at MediaCorp. In addition, he headed research firm META Group in Singapore as Vice President and General Manager before Gartner acquired the company. His extensive I.T. industry experience also includes technical and management positions for various organizations, such as Institute for Infocomm Research (Singapore), Firium Solutions, and Accenture.

You May Also Like

Install These Free Security Tools Now!
Install These Free Security Tools Now!

Have you heard of intrusion detection systems? Also known as IDS, this software is often used to det...

Crowdfunding drives  unprecedented efficiency
Crowdfunding drives unprecedented efficiency

Crowdfunding has become the center of attention in the field of financing. It is also an increasingl...

Everything As a Service
Everything As a Service

Transition from Capex economy to Opex Economy World is in a transition from Macro to Micro. Granula...

IoT in Malaysia – 2019 Predictions
IoT in Malaysia – 2019 Predictions

The year 2014 is when Malaysians started to Google the term “IoT” and ever since, the hy...

The business case for 5G
The business case for 5G

As of 2018 ,33 MNOs have been involved in 5G trials within Asia Pacific, accounting for 44% of 77 tr...

A New Face On Digital Transformation: Engagement Innovation
A New Face On Digital Transformation: Engagement Innovation

Whether we believe it or not we are in the fourth industrial revolution – The Digital Revoluti...

Technology & Competitive Data Analysis More Money – More Competition; everyone wins
Technology & Competitive Data Analysis More Money – More Competition; everyone wins

Technology & Competition – More Money, Better Deal for Consumers & Companies – H...

Anatomy of Fintechs that’s redefining Financial services business models.
Anatomy of Fintechs that’s redefining Financial services business models.

On a weekend in 2013 during monsoon I invited my friend and his family for a dinner at my place. It ...

Blockchain Taxation
Blockchain Taxation

World has paid a heavy price for trust, transparency, controls and accountability. Globally there i...

Why Is CDR / CDNR So Important?
Why Is CDR / CDNR So Important?

Addressing the Fundamental Deficiency in Today’s Mainstream Cyber Security Strategies From Det...

CIO Business leadership - shifting from tech to business leadership
CIO Business leadership - shifting from tech to business leadership

CIOs are no longer technocrats, they are business enablers and crucial part of organisation. CIOs sh...

Ideas and Opinions | 5G as an Enabler of Smart Cities
Ideas and Opinions | 5G as an Enabler of Smart Cities

When 5G comes to mind these days, we think of “is this REALLY it?” and “have we re...

Lessons in Machine Learning
Lessons in Machine Learning

More organizations are using machine learning for competitive reasons, but their results are mixed. ...

The Changing DNA of the CIO CIO as Business Enabler
The Changing DNA of the CIO CIO as Business Enabler

The idea that the role of the CIO has now gone beyond technology and innovation related issues, and ...

Digital Indoor System: Critical Infrastructure for Digital Economic Transformation
Digital Indoor System: Critical Infrastructure for Digital Economic Transformation

Digital Indoor System: Critical Infrastructure for Digital Economic Transformation   Developme...

Today's Digital Miners
Today's Digital Miners

Today's Digital Miners I guess by now everyone of us who have read an article or two on digital...

Digital Transformation Readiness Test for Banks
Digital Transformation Readiness Test for Banks

Digital Transformation Readiness Test for Banks The questions banks need to try to answer to test ...

What is Machine Learning
What is Machine Learning

What is Machine Learning? According to Tom Mitchell, a professor at Carnegie Mellon University has d...

Transformation of industry verticals through 5G – Focus and Look Indoors 
Transformation of industry verticals through 5G – Focus and Look Indoors 

Transformation of industry verticals through 5G – Focus and Look Indoors  Now that 5G is...

Humanize Technology - back to the basics of serving human needs, humanly
Humanize Technology - back to the basics of serving human needs, humanly

Humanize Technology - back to the basics of serving human needs, humanly The subjects of Digital Tr...

About Tech Data Diversity And Inclusion
About Tech Data Diversity And Inclusion

About Tech Data Diversity And Inclusion I am excited about attending the Hispanic IT Executive Coun...

Digital Transformation: Customer Centricity & Intimacy
Digital Transformation: Customer Centricity & Intimacy

Digital Transformation: Customer Centricity & Intimacy It was inspiring listening to IMD Profess...

Is Industry 5.0 putting humans back in the center
Is Industry 5.0 putting humans back in the center

Industry 4.0 focused on the machines. Is Industry 5.0 putting humans back in the center? I was on a...

Importance of IT Resilience
Importance of IT Resilience

Importance of IT Resilience Disclaimer: The posting written here is solely of my own comment and ...

Implementing a SaaS Solution – The 3 Major Technical Challenges
Implementing a SaaS Solution – The 3 Major Technical Challenges

So when are you planning to implement a SaaS (Software as a Service) solution? Very soon, if not alr...

So you want an #Innovation Hub?
So you want an #Innovation Hub?

Innovation, Design Thinking, Digital, Disruption, Agile, Transformation - these are new buzz words t...

The Unsung Hero; The Data Scientist
The Unsung Hero; The Data Scientist

It is quite likely you are wondering ‘what on earth’ am I on - for cooking up such a tit...

How POC projects made me a better Project Manager
How POC projects made me a better Project Manager

How did I get here? Project Management is a tough job. We need to keep a track on budgets, timeline...

How Data and AI can help in COVID-19 crisis
How Data and AI can help in COVID-19 crisis

Since the first report of coronavirus (COVID-19) in Wuhan, China, it has spread to at least 100 othe...

Building thriving business partnerships with Open API
Building thriving business partnerships with Open API

Apple and Google recently collaborated to assist in enabling contact tracing and reducing the spread...

The Future of Indoors with Digital Indoor Systems
The Future of Indoors with Digital Indoor Systems

Digital Transformation, 5G, and COVID-19 have triggered further growth in indoor traffic Digital tr...

Seizing Opportunities in the ICT Sector
Seizing Opportunities in the ICT Sector

The Increased Pace of Digital Transformation Automation, digitalisation, artificial intelligence (A...

CoVID19, Digital, ML
CoVID19, Digital, ML

CoVid19 hit us and has now created the “new Normal” in terms WFH, Video conferences, bal...

Do we really need CEOs, CFOs, and CIOs?
Do we really need CEOs, CFOs, and CIOs?

Why CMOs and CTOs are all you need to succeed in today's world This is my first article in a se...

Cinématographe by the Lumière Brothers & History of AI
Cinématographe by the Lumière Brothers & History of AI

The Lumière brothers, Auguste and Louis, French inventors and the pioneer manufacturers...

Stay Connected With Us