"CIOs who predicted the return of key innovation are the ones who can link up assets in their ecosystem, create efficiencies and are able to provide more value to customers."
In an interview with futurist James Canton, "prediction" was the favored stance for CIOs yet he claims only 35 to 45 percent of organizations have transformed their current business processes. Trying to adapt the present while morphing into the future requires a forward thinking culture.
Prediction has always been the elusive brass ring. No longer. As change and complexity increase those who have mastery over predictive or emergent collaborative models will be in the forefront.
It has become apparent that predictive tools and approaches provide multiple perspectives on data patterns that single approaches often miss. However articles on IT are still focusing on the 'hidden potential of IT" and CIOs.
Enterprise 2.0 has thrown us into a technology driven change warp. Any organization not understanding the dynamics of systemic or "echosystemic" thinking is living in the past. All of the organizational roles are equally as important to making a 21st century business successful but some have the benefit of marketplace drivers like technology to boost their roles to the forefront.
IS features news and analysis that covers emerging technologies and companies, venture funding, acquisitions, site launches, and other developments in the internet space. Additionally, The Standard aggregates community knowledge in a quantified fashion, thereby ranking both the knowledge of the individual community members themselves, as well as the value of the information the community provides as a whole. This system is built as a prediction market, intersected with a reputation-based social network.
They clearly get it - participation is the new mindset and a prediction market is the means to tap participation. In our recently published article for Inside Knowledge on prediction markets we interviewed some of the best software providers and summarized what we have found to be the key factors for success. If you would like a copy of the article let us know as the full piece is subscription only from Inside Knowledge.
Technology not withstanding, organizations need to value predictive information, aggregated from their whole network, to validate strategies and goals.
CIO, C suite executive or as we have found anyone in the organization can drive innovation if they understand the value of prediction to the bottom line.
~ Victoria G. Axelrod