My IDC study, “Engaging with Start-Ups to Accelerate Digital Innovation” ($$$$) explores how CIOs can tap into the start-up ecosystem to accelerate digital transformation while managing the inherent risks of relying on start-ups for enterprise IT.
Engaging with start-ups requires a substantial time commitment, including due diligence to avoid the pitfalls. But CIOs say that partnering with start-ups can lead to a big payoff — more innovation from emerging technologies and a competitive advantage for the business — even if some deals go sour.
There are side benefits, too: CIOs say that working with innovative start-ups can re-energize the IT group and give you a chance to peek into the future of IT.
The report covers the following practices:
- Making the commitment to actually engage with the start-up community
- Educating the C-suite about the risks and rewards
- Due diligence: Asking the right questions about start-ups
- Managing the relationship and risks
The insights come from interviews with Bryan Muehlberger (CIO of Beachbody LLC), Aaron Gette (CIO of The Bay Club Company), and Jesse Carrillo (CIO at Hines, a real estate company).
Pixabay photo released under Creative Commons CC0.