Fear blocks enterprise innovation hopes as competition mounts
Executives grapple with the weight of picking the wrong projects or squandering resources as new technological capabilities emerge.
What is hindering enterprise innovation?
According to a Miro report, over 60% of executives believe that fear is a significant barrier to innovation. They worry about making poor investments or selecting the wrong projects, which can lead to wasted resources. Additionally, nearly one-third of leaders are concerned about the impact on their careers or reputations if projects do not succeed.
How does generative AI fit into innovation strategies?
Generative AI has become a top priority for many executives, but there are still concerns regarding its measurable value and deployment costs. Executives are particularly worried about potential inaccuracies and cybersecurity risks associated with this emerging technology.
What should leaders do to overcome innovation fears?
IT leaders are encouraged to eliminate fear, uncertainty, and doubt by utilizing objective data to address these concerns. Bryan Wise, CIO at 6sense, emphasizes the importance of embracing change and adapting to the evolving technological landscape to avoid falling behind competitors.

Fear blocks enterprise innovation hopes as competition mounts
published by VMware, Inc.
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