Intelligent CIO Europe Issue 15 - Page 26

TRENDING However, the definition of ‘failure’ depends on the industry. Over two in five (44%) of those in health and social care view late delivery as failure, whereas only a fifth (20%) of those in financial services feel the same way. More than 72% of the total respondents define a project that comes in over budget as a failure. This is compared to nearly half (45%) who define it as a failure to achieve the original designated outcome. While the definition of failure may differ across industries, it’s comforting to see that whatever the failure, companies are willing to embrace it. Only 28% regard failure as frowned upon or career-limiting and for these organisations, this attitude is highly likely to stifle innovation. Yet for the majority, failure is embraced as a step towards innovation. 26 INTELLIGENTCIO Stephen Long, MD at KCOM Enterprise, said: “It is positive to see that organisations are embracing cloud technology as the path to innovation and they recognise some of the challenges holding them back. However, too many are prevented from giving their all to innovation projects by fear of failure. “Innovation, by its very nature, involves pushing the boundaries of what is known and understood. Organisations must accept that failure plays an important role in doing this. Only by obeying Samuel Beckett’s dictum to ‘Try again. Fail again. Fail better’ can companies truly unlock the value of the cloud and new ways of working. “Fortune favours the bold, so companies need to prepare to fail and build in a fast failure stage into all their innovation projects.” n Stephen Long, MD at KCOM Enterprise