Chris Tan, Managing Director at CIO Academy Asia moderates the closing panel for the CIO Leaders Summit in Malaysia. The topic of ‘Why innovation must be initiated from the top rather than be delegated’ included panellists Redza Goh, Group CIO PETRONAS and CEO at PETRONAS ICT, Pedro Sttau, CIO of iCar Asia and Noor Azhar Kamaruddin, CIO at Felda Global Ventures Holdings.
The panel focused on how Innovation is difficult for well-established companies explain that by and large, they are better executors than innovators and most succeed less through game-changing creativity than by optimising their existing businesses. Since innovation is a complex, company-wide endeavour, it requires a set of cross-cutting practices, people, process and technology to structure, organise and encourage it.
The panel also delved into the current fast-changing environment and how it requires new mindsets with different approaches to IT implementation, where there is more alignment and business value that can be delivered to organisations. And this whole approach must begin from the top!