Want to Get Innovations Done in a COVID World?

Thinking outside the box and your personal comfort zone is a definite way to develop and grow personally. These same acts apply to business as well. The COVID-19 pandemic has backed companies into a corner where the only way out is growth through innovations and technology developments.

However, 56% of companies aren't confident they can identify new possibilities for revenue streams. On the contrary, by working with the C-suite and executing these four steps, chief information officers can aid in the accelerated growth and development of their company's diversified revenue streams.

1. Really establish and define the need, don't fabricate it! - Then Execute it!

   1. To join that 5%, you’ll need to determine what your customers really need. During the pandemic, for example, it was the essentials.

2. Maximize everyone's participation and inclusion (or close to it)

   1. According to our 2020 Global Digital IQ research, 84% of companies that get payback on all their digital investments mandate collaboration and cross-functional work.

3. Make it real with tech and collaboration

   1. Make sure you have the right digital tools to work seamlessly on launching the idea, including a clear project management workspace that breaks to-dos into digestible sprints.

4. Don't doubt yourself by looking back, you're on the right path!

   1. Problems aren’t static. Neither are their solutions. It’s important to change as your customer’s needs do -- without a full-stop overhaul. The faster you adapt, the faster you can create new revenue streams or enhance what you’ve got.

Make innovations and technology developments real with these four steps!

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