When we put that question to EPC firms serving the process and power industries, the most frequent answer was “our projects” and the people working directly in project execution. Forty percent of respondents said their firms’ most important source of innovation is the discovery and application of new technologies and approaches by discipline leads, engineers and managers seeking solutions to pressures and exigencies in a specific project or program.
In second place was “anywhere and everywhere”—27% said innovation at base is a function of their organizations’ culture, and thus can arise from any area in the firm.
In third place was the IT department, named as the top source of innovation by 17% of respondents. While not quite the picture painted in some CIO-oriented publications, these findings align with what our research and others’ suggests is an evolving role for the CIO’s office: to provide enabling infrastructure in support of digital technology initiatives that, more and more, originate from the project execution centers of engineering, manufacturing and construction enterprises. Continue reading