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Mon 18 Feb 2019 10:42 AM

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Video: Addressing innovation gap at the World Government Summit

Over-commitment on projects, lack of leadership, and absence of process are leading to innovation gap. Importantly, report reveals fastest growing companies are investing more in innovation.

• One third of companies are overwhelmed by too many innovation projects

• 85% of companies experiencing strong to significant growth are investing in innovation

• 21% say lack of commitment from business is a major barrier to innovation

• 22% say lack of process is hampering their innovation efforts, while 22% blame a lack of vision

• 22% say that an underinvestment in technology is holding back their innovation program

(Source: Arabianbusiness.com YouTube channel)