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At YALLO, we help Retail IT leaders get top Tech talent within a week | Founder & CEO, Chief Technology Strategist at YALLO Retail | Gartner Ambassador | Ex-Microsoft, Deloitte, Oracle

Forget about keeping up; in today's #BusinessClimate, if you're not leading with innovation, you're already falling behind. In today's landscape of continuous disruption and uncertainty, #IT and #Technology innovation are critical for competitive advantage. Despite the pandemic and geopolitical tensions, companies prioritize innovation more than ever, with 𝟖𝟑% ranking it among their top three areas of focus. However, a gap exists between prioritization and readiness. BCG’s innovation maturity score shows a decline, with only 𝟑% of companies ready to innovate effectively, compared to 𝟐𝟎% in 2022. Not only is the business world constantly changing, but it is changing at an accelerated rate. Things considered revolutionary or innovative today can quickly become an obligation tomorrow. The “𝐖𝐢𝐧𝐝𝐨𝐰 𝐨𝐟 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭𝐢𝐚𝐭𝐢𝐨𝐧” is shrinking, shortening the lifespan of strategic plans, ideas, solutions, products, and even companies! When the ground beneath you constantly shifts, only Strategic IT innovation offers a solid footing for your business. 𝐖𝐡𝐲 𝐢𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐈𝐓 #𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭? #Strategic IT #Innovation is the process of using new or improved technology to create value for your business. This can be done in several ways, such as developing new products or services, improving existing products or services, or creating new processes or methods that make your business more efficient. The key is to use technology in a way that gives you a competitive advantage and helps you better serve your #Customers. Strategic IT innovation is aimed at giving your business a competitive advantage. This could involve developing a new product or service that meets a specific need in the market, or improving an existing product or service so that it's better than what your competitors are offering. IT as a utility is focused on making your business more efficient and effective. This could involve #Automating processes or implementing new systems that make it easier for you to do business. #GoYallo

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Ash Shukla

MBA, CITP, Technology leader, Turnaround and Transformation, Digital Operating Model, Business Technologies, NED

4mo

Well said!, meee too never works very well.

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