Only 21% of Organizations Achieve Their Innovation Goals, as Many Challenges Stand in the Way
(Graphic: Business Wire)
- (Graphic: Business Wire)
The NTT DATA report, “Innovation Index 2023: How North American Organizations are Achieving Growth, Value and High Performance,” explores the primary drivers of innovation, and where organizations focus their resources to support innovation. - “A failure to achieve innovation goals leaves organizations at a disadvantage,” said Tanvir Khan, Chief Digital and Strategy Officer, NTT DATA Services.
- If you wait, you’ll be playing catch-up.”
Five Significant Challenges Hinder Innovation Initiatives:
Data Challenge: Innovation depends on data to power technologies like predictive analytics and generative AI, but only 22% of organizations trust their own data. - 58% rate the level of their organization readiness in culture as “weak” or “mixed” as it relates to fostering innovation.