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IT INNOVATION FOR BUSINESS VALUE

Intel’s Martin Curley, attributed as ‘one of the leading innovation thinkers in the world’ by Professor John Hughes, President of NUI Maynooth, launched his new joint publication Managing IT Innovation for Business Value – Practical Strategies for IT and Business Managers (Intel Press) this week.

Martin wrote the book along with Esther Baldwin, Intel Innovation Diffusion Manager, they recognised IT Innovation’s place as a key discipline for achieving business value. The book is the second penned by Curley in the IT Best Practices Series, and was launched at the National University of Ireland (NUI) Headquarters in Dublin by Micheál Martin T.D, Minister of Enterprise, Trade and Employment.

Hosted by Professor John Hughes, President of the NUI Maynooth, where Curley is an Adjunct Professor and co-founder of the Innovation Value Institute (IVI), the event was attended by key opinion leaders from both industry and academia.

In the book, Curley and Baldwin show how successful companies can actively cultivate new ideas, put these ideas to work quickly and efficiently and harvest the business value benefits of successful innovations. They explain how innovation does not need to be synonymous with whole-scale invention but can be derived from re-applying an innovative IT solution in a new context which can bring about even greater business value because the initial investment in developing the solution has already been made. They also highlight how Systemic Innovation can be catalysed when innovative excellence is woven into the fabric of a company’s business processes.

Speaking at the launch, Minister Martin commented on how Services Innovation is an emerging focus area for Ireland with the principles outlined in Managing IT Innovation for Business Value being directly applicable to the field of Services Innovation. He went on to recognise Martin Curley as a leading Innovator in this field and complemented him on his contribution to IT Innovation in Ireland.

Curley pointed out however that you need a strong team spirit for Innovation “Innovation is a team sport and it is only through collaboration that innovative ideas make it through to be innovative solutions that add real value.” He added that while research turns money into knowledge, it is Innovation that turns knowledge into money.

He went on to recognise Minister Martin’s contribution to driving innovation and research funding in Ireland and commented that since he launched it in June 2006, Minister Martin has been instrumental in the success of the IVI to date. The IVI leverages key principles described in the book and is currently developing an IT Capability Framework. Co-founded by Intel and NUIM, it has been recognised by the European Foundation for Management Development as one of the premier examples of a research collaboration between Industry and Academia in Europe.

The IVI is currently involved in the Irish competency centre selection process and has been short-listed as one of a select group of potential competency centres.

Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom.

Editors Notes:

IVI – Innovation Value Institute was co-founded by Intel® Ireland and the National University of Ireland, Maynooth in June 2006

“Managing IT Innovation for Business Value” –

Martin Curley is Global Director of IT Innovation at Intel®

Esther Baldwin is Innovation Diffusion Manager at Intel®

www.ivi.nuim.ie/

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