Those at a well-advanced or optimized stage of digital transformation are 41.3% more likely to see the value of innovation. And for organizations to be in the strongest position to deliver tangible value from innovation projects, the data suggests they should consider a platform-based approach through a trusted partner.
A platform approach supports innovation by offering greater agility and faster product development. For example, a service provider leveraging API-driven platforms brings a new level of connectivity and data sharing to multiple applications, regardless of their platforms, data structures, and underlying technologies.
Through their skills and resources, a trusted service provider will manage the complexity of multi-vendor environments, creating efficiency and optimization gains. However, to create further value, they should offer consulting skills to support an organization’s evolution on these platforms and significantly advance their innovation agenda. This frees up time, capacity and resources to co-innovate and transfer knowledge and learnings to drive growth.