Launching a new enterprise - whether it’s a tech start-up, a small business, or an initiative within a large corporation—has always been a hit-or-miss proposition. According to the decades-old formula, you write a business plan, pitch it to investors, assemble a team, introduce a product, and start selling as hard as you can. And somewhere in this sequence of events, you’ll probably suffer a fatal setback. The odds are not with you: As new research by Harvard Business School’s Shikhar Ghosh shows, 75% of all start-ups fail.
The smart use of Information and Communication Technologies (ICT) in construction is a key element for fostering efficiency, innovation and competitiveness in the sector with high potential for smaller actors. On the other hand, at an SME-intensive sector, adopting new technologies is often challenged by limited financial capabilities and knowledge to deal with technological solutions, or lack of understanding of the full potential of ICTs.
CIOs face both an opportunity and a threat as organisations embrace digital technology.
The rise of cloud computing, social media, mobile technology and data analytics is disrupting existing business models and patterns of employment.
It is raising questions about what role, if any, the CIO will play in digital innovation. Will they be leading the digital revolution, or will they be relegated to running the infrastructure?