IT Investment & Innovation- Part 8

In our previous post we discussed the importance of a well defined IT Strategy in terms of the impact that it has on a firm’s performance. In part 8 of the series- IT Investment & Innovation, a part of our Knowledge Exchange Initiative series, we present how IT Flexibility plays a key role in a firm’s performance and innovation levels (Read the entire series here). The study conducted by Actuate Business Consulting, in collaboration with Emory University, USA, reveals that firms with a higher than average level of IT Flexibility, balance their innovation better, and emerge stronger on parameters of performance, returns and growth, relative to other firms. The following Infographic also shows how firms can achieve the desired level of IT Flexibility by getting their IT Systems Design right.