“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.
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.