IT Innovation (Information Technology Innovation)

Information technology (IT) Innovation in an enterprise involves using technology in new ways to create a more efficient organization and improve alignment between technology initiatives and business goals. IT innovation can take many forms. For instance, it can be used to turn business processes into automated IT functions, develop applications that open new markets, or implement desktop virtualization to increase manageability and cut hardware costs. Many companies try to institutionalize the process of innovation by creating innovation teams from diverse segments of the company. Other firms rely on individual employees to flourish in an environment where innovation is encouraged. Some CIOs and other senior IT executives are finding that they are increasingly spending more time on developing and fostering IT innovation. IT innovation can be difficult to measure, so many companies equate IT innovation with the return on investment (ROI ) of IT spending.