In the past, I have contributed on topics like innovation management and open innovation. I have always been a big fan of innovation. But then recently I stumbled upon the term “fabrication”. I was talking to this friend of mine who works in the R&D department of an IT company. We were debating about product lines and how to expand or diversify them. As the debate heated up, he very passionately announced, “I would rather innovate than fabricate!”
Ever heard of the term ‘IT Debt’? All those who have been following Gartner, would have an idea what it means. For all those who are not Gartner fans here is what it means. IT Debt is the cost of maintenance backlog of an enterprise. It’s the cost of upgrading enterprise applications to their latest releases and operating versions. In other words, it’s the cost of bridging the gap between the current state of IT architecture and its ideal state.
A few days back, I came across news of a raging storm uprooting some giant oak trees and blocking off traffic for several hours. Initially, I didn’t bat an eyelash or gawk at nature’s fury. But then a very quirky thought came to my mind. I thought ‘how come I have never read about bamboo trees getting uprooted’. The answer was staring right back at me. Bamboo trees survive the worst of storms because of their agility and ability to adapt.
We as enterprises need to be more like bamboo trees and less like oak trees. The more rigid we are in our ways and processes the more likely we are to lose our footing. But if we are open to new technologies, processes, and experiences, we have a far better chance of surviving and thriving.
Recently, we have just had an epiphany that capital is scarce. We have learnt the hard way that capital needs to be smartly deployed and responsibly monitored. Now, we are privy to business executives and IT guys butting heads with each other. Business accuses IT of being unjustifiably lavish while IT regards business as stingy. But they both share the same goal – maximizing value.
‘Go Go Gadget…’, rings a bell? This was a very popular line during the mid 80s from the animated series ‘Inspector Gadget’. Every one of us, who grew up during those times watching the lovable klutz naively bumbling his way through, wondered about “whatnot” that came out of the guy. It was an innovation of a kind, fully packed with command lines that started with “Go Go” and whatever happened, happened on the lines that followed. It was fun, goofy and highly imaginative. This in a way exorbitantly stretched the feasibility of what computers could achieve.