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How to Build an Impactful Innovation Lab

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“Often we see innovation labs failing within a few years of launch due to lack of business impact. As a result, over time, CIOs struggle to maintain a valuable and sustainable innovation lab.”

What actions do CIOs need to take in order to establish practical, pragmatic and outcome-driven innovation labs?

Build a strong rationale, to justify investments

Validate the essential outcomes that can originate exclusively from this lab approach.

Set a crystal clear vision for the innovation lab

Define time-bound goals that are detailed, quantified and lead to desired business outcomes.

Design an impactful innovation lab

Create a structured innovation operating model to guide decision-making activities for innovation investments.

  • Build a strong rationale, to justify investments

    Validate the essential outcomes that can originate exclusively from this lab approach.

  • Set a crystal clear vision for the innovation lab

    Define time-bound goals that are detailed, quantified and lead to desired business outcomes.

  • Design an impactful innovation lab

    Create a structured innovation operating model to guide decision-making activities for innovation investments.

DISCLAIMER: GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. | REPORT CITATION: Gartner, How to Build an Impactful Innovation Lab, Gunjita Mundeja, Peter Skyttegaard, Samantha Searle, 21 October 2022.

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