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AUSTRALIAN COMPANIES EMBRACE INNOVATION INITIATIVES

31-05-2016
by 
in 

An independent survey of chief information officers (CIOs) has found that 97% of companies surveyed are embracing the innovation trend by implementing new measures to boost innovation in their company.

And nearly one fifth (19%) of Australian CIOs believe their company is highly innovative, giving themselves a score of 5 out of 5 when it comes to their level of innovation in the organisation.

The majority still believe there is room for improvement as the average score given by CIO’s was 3.9 out of 5.

The survey, conducted in April this year for specialist recruitment company Robert Half, sought responses from 160 Australian CIOs/CTOs in Australia.

According to Robert Half there has never been a more opportune time to harness innovation.

New tax breaks combined with a government funded marketing campaign to promote Australia as an innovative technology destination has created an ideal climate.

David Jones, Senior Managing Director of Robert Half Asia Pacific said: “All companies thrive on innovation, whether they’re a start-up or an established business. 

“Business success is governed by a future focus, new ideas, and creativity. Incorporating innovation throughout the organisation will help companies gain a competitive edge.

“Technology is without a doubt a driver of innovation. Digital technologies like mobile, cloud, and big data have created massive opportunities for IT innovation to deliver company progression. Leveraging new technologies to optimise customer experience, automate processes and enhance employee efficiency are examples of how technology can be the catalyst for innovation.”

The overall majority of Australian companies are taking measures to boost innovation with an approach that consists of a combination of both technology and people, the survey found.

Human capital tops the list with more than half (51%) planning to employ IT talent with unique skills over the next 12 months for the purpose of building a more innovative business. Almost half (49%) will reshape network infrastructure to improve operational processes, followed by 48% who point towards building data centres to leverage big data more efficiently.

“In order to maximise the return on investment in technology, companies need to make sure they have the best human resources to develop and support IT initiatives. Investing in and continuously optimising the technological infrastructure as well as recruiting talented IT staff are both crucial elements in establishing an innovative culture,” Mr Jones said.

With 91% of Australian CIOs saying that it is challenging to find skilled IT staff, having an innovative corporate culture can serve as a point of difference to attract and retain top IT talent.

“Top tech talent are looking for professional opportunities where they can have a meaningful impact by developing and driving innovation. This is why companies with a visibly innovative culture have an advantage in attracting and retaining the best IT professionals. The better a company communicates its focus on innovation, the more attractive it will be to the top IT professionals,” Mr Jones added.

 

Measures CIOs will take to build a more innovative business over the next 12 months

Employing IT talent with in-demand/unique skills

51%

Reshaping network infrastructure to improve operational processes

49%

Building data centres to leverage data more efficiently

48%

Developing/enhancing software

46%

Focusing on a more collaborative work environment

33%

Developing new technology tools to improve customer experience (eg. App development)

29%

 

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