Innovation Catalyst

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How to become an innovation leader in the age of AI
Currently, only 18% of organizations worldwide can be classified as “innovative” with mature practices. That’s why Dell Technologies surveyed 6,600 business and IT decision-makers across 40 locations to find out what’s preventing organizations from innovating and how they plan to leverage artificial intelligence in the future to drive outcomes.
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State of innovation

Today’s ever-changing environment demands organizations to embed innovation into everything they do. Most organizations struggle to do so.

Hence, our research centers around some key questions:

  • How is it that some organizations can successfully turn their ideas into meaningful innovation while others do not?
  • What are the key barriers to innovation and what are the plans to overcome them?
  • Where does generative AI enter the picture?

We’re sharing what we’ve learned, so you can take action today.  

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Innovation Strategy

Only 56% say that innovation is a key part of their business strategy and is unlocking benefits across the organization today.

Industry Outlook

48% of organizations are uncertain what their industry will look like in 3-5 years. Meanwhile, nearly 6 in 10 admit that they are struggling to keep up with the pace of disruption.

Impact of AI

More than 8 in 10 agree that AI/GenAI will significantly transform industries. About the same expect to see a greater human and machine partnership in the next 5 years.

Top innovation challenges

  1. Lack of right talent with needed skills
  2. Data privacy and cybersecurity concerns
  3. Lack of budget/ability to invest due to economic downturn

Top innovation goals

  1. Cost savings & efficiencies
  2. Future-proof the organization
  3. Increase revenue

Top improvement areas

  1. Invest in modern, scalable technology
  2. Build a strong relationship between business and IT
  3. Adopt a data-driven approach

Taking action

To achieve innovation success, organizations need to draw lines between challenges faced and goals strived for and then take action. Innovation leaders strategically align their people, processes and technologies and use them as innovation catalysts to drive impact.
Here are 3 areas you need to address to accelerate your innovation and take advantage of new technologies like generative AI:

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Build your innovation muscle

How to make innovation part of your organization’s DNA to lead in the AI-enabled world
Read the executive brief Read the full report

Maximize your data insights

How to design a smart, flexible and resilient infrastructure to act on your data wherever it resides
Read the executive brief Read the full report
Embrace human-machine partnerships

Embrace human-machine partnerships

How to build an innovation culture and productive work experience where everyone thrives
Read the executive brief Read the full report

Ready to partner for what's next?

Whether you engage Dell Technologies to empower your employees or entrust us with your most complex data challenges, together, we’ll turn ideas into innovation and innovation into outcomes. When you’re ready, contact our executive briefing center for a custom consultation.

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Partner, collaborate and transform your vision into value by teaming up with Dell Technologies.
*Source: Innovation Catalysts study, Dell Technologies, February 2024. Full data findings
The Innovation Index, Dell Technologies, February 2023, www.dell.com/InnovationIndex