Unlearn and Relearn Fast to Foster the Culture of InnovationSanjay Nadkarni of Arabian Falcon Group Advises CIOs to Embrace Change
Creating and maintaining a culture of innovation poses significant challenges despite its growing acceptability in businesses. Human beings are inherently creatures of habit, making it difficult to transition from established practices and embrace fresh thinking, which is crucial for fostering innovation. To ensure the longevity of innovative initiatives, CIOs have to overcome certain dogmas. This involves formulating a practical vision, nurturing an innovation-driven culture, investing in new talent, and consistently adapting to evolving technological advancements and business requirements.
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Dr. Sanjay Nadkarni, the head of innovation and strategy at the Arabian Falcon Group, UAE, emphasizes the imperative nature of adaptability for CIOs and CTOs. He warns against the unsustainable approach to construct self-contained empires and isolated environments, particularly in the context of today's rapidly changing landscape. Failure to adapt to these changes inevitably leads to obsolescence.
In this video interview with Information Security Media Group, Nadkarni discusses:
- Deterrents of innovation and growth mindset;
- Fresh talent and thinking as prerequisites for innovation;
- Looking at a balanced view of incumbents and startups for adopting innovations.
Nadkarni's domain interests are in the convergence space of digital innovation and sustainability in the services sector. His portfolio comprises academic and applied research, advisory and consultancy assignments for corporate, government and multilateral agencies. He is also a verified Dubai Futures Research contributor and a non-resident fellow of Trends Research and Advisory think tank.