The benefits of innovation aren’t distributed evenly. Instead, they accrue disproportionately to the most innovative companies.
That’s one of the key findings of a new study by ESI ThoughtLab and ServiceNow, which surveyed more than 350 executives in 12 countries. The study found execs at “innovation leaders”—organizations that represent the top 15% of companies—say their return on tech investments to spur innovation is over six times higher than the 26% of innovation beginners, companies who are just starting to invest in innovation.
The differences don’t stop there. Innovation leaders are more likely to benefit from artificial intelligence. They have an easier time controlling technology costs. Finally, their senior leaders are far more likely to rate the CIO as highly or extremely effective when it comes to driving innovation.
Where does your company fall on the innovation maturity curve? Answer these questions to find out.