Accelerate Innovation by Focusing on Technology Dexterity

This perspective was first published from Oliver Wyman here.

 

Strategic, customer-focused innovation is not possible without investing in a flexible and resilient technology environment. Yet the legacy technology in many companies limits their ability to move quickly and effectively take advantage of market opportunities. The reality is that when innovating, it can be a significant advantage to start fresh, unburdened by legacy platforms with their inherent organizational and technological inertia.

Based on client work and research, Oliver Wyman has identified six key components that enable companies to create industry leading, innovative technical capabilities. Our Technology Dexterity framework outlines how an organization can meet aggressive goals in innovation by enabling cultural alignment across business and technology to effectively drive change.

The key to attaining technology dexterity is to measure it, define a specific goal, and set a timeframe to achieve it