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CA study: IT not an innovation roadblock in Singapore firms

A resounding 84% of Singapore-based firms report having a formal process in place for activities that drive innovation, according to a CA Technologies study. This result is in contrast with the 63% reported worldwide. 

All Singapore companies surveyed cited having some form of processes in place to drive innovation, formal or otherwise. Cloud computing is one of the specific topics of interest in terms of IT innovation projects. The others are mobile, security, service management and the Internet-of-Things.

It is noteworthy that 88% of IT and business executive respondents in Singapore report that the working relationship is collaborative or cooperative, as opposed to the 68% average reported worldwide.

“Now is the time when IT and business executives can bridge the perception gap on how IT can be a driver of innovation instead of a roadblock, and work towards transforming their enterprise to compete in the new normal,” said Victor Cheng, vice president, Asia South, CA Technologies.

The study conducted by IDG Research Services and commissioned by CA Technologies, surveyed 800 global business and IT executives across eight countries, 100 of whom are from Singapore. 

More than half of Singapore-based companies surveyed specifically encouraged activities such as hypothesizing and learning, rewarding experimentation, and enabling freedom and flexibility. They also reported higher instances of innovation projects around technology disruption, business modelling, business processes and route-to-market. 

Triggers and barriers

One quarter of Singapore companies surveyed cite the entrance of a new disruptive competitor as the most likely trigger to innovation projects, while executive management were sometimes perceived by 36% of those companies as a key barrier to innovation.

“With on-going economic challenges causing companies to investigate new routes to market and new delivery mechanisms, and increasingly tech-savvy customers expecting 24x7 mobile connectivity, IT needs to deliver innovative business services faster than ever before," said Andrew Dobbins, group vice president of Asia Pacific at Verizon Enterprise Solutions. "This is changing the role of the CIO to that of a chief innovation officer, charged with creating innovative technology platforms to create new business opportunities and deliver business success."

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