The digital economy is all about fast innovation and getting new products to market more quickly than competitors. IT needs to step up its game to help drive innovation, without sacrificing top priorities such as compliance, cost control and maintaining availability.
The stakes are high even for massive, successful businesses. Today, 50 percent of the Fortune 500 from the year 2000 no longer exist . Businesses understand the need for agility and innovation, with 64 percent  stating that innovation and operational effectiveness are equally important for the success of their company. However, they may not actually be prioritizing their IT functions to be as innovative as possible.
“I’ve seen companies where (keeping the lights on) is 80 percent or 90 percent of the IT budget,” says Columbia Business School professor Rita Gunther McGrath . “I think it should be no more than 50 percent,” she adds.
How can organizations create a more innovative, agile IT environment, while enabling IT to continue to excel in its traditional responsibilities?
Bimodal IT Balances the Old and New
A bimodal IT strategy can help organizations drive innovation while maintaining core IT priorities, when it’s closely aligned with business strategy.
Many companies are already embracing the concept of bimodal IT, or operating at two speeds. According to Gartner , in addition to traditional IT operations at the current speed of business (Mode 1), 45 percent of CIOs say they currently have a second fast mode of operation (Mode 2). Gartner also predicted that 75 percent of IT organizations will have bimodal capability in place this year.
“CIOs can’t transform their old IT organization into a digital startup, but they can turn it into a bimodal IT organization.” -Peter Sondergaard, Gartner
Source: Mobile Tech Today