Innovation can be a revenue driver, yet tension between innovation and risk may negatively impact an organization’s ability to innovate, according to research published by Hewlett Packard Enterprise.
The report, The innovation vs. risk conundrum, revealed that organizations with a leading innovation maturity were almost twice as likely to have revenue increase by more than 20%. Furthermore, 95% of IT leaders believe innovation focused on digitization is key to unlocking new revenue streams. Yet even given the revenue opportunity innovation presents, nearly two-thirds (64%) of IT leaders confirmed that their organizations’ willingness to invest in innovative technologies was negatively impacted due to concerns about potential security breaches.
