Innovation at the heart of ICT industry
Innovation is at the heart of the global ICT industry where SIA CSG operates.
According to 2003 DTI Innovation Report, seven critical success factors for innovation performance in the global ICT industry are as follows:
- sources of new technological knowledge
- capacity to absorb and exploit new knowledge
- access to finance
- competition and entrepreneurship
- customers and suppliers
- the regulatory environment
- networks and collaboration
At the same time, successful innovation-led companies usually have:
- a world-wide focus, often requiring expansion overseas
- a balanced growth strategy, based on organic growth and targeted acquisitions to enter new markets or acquire critical expertise
- a balanced investment strategy
- above average investment in market led research and development (R&D)
- a focus on what really matters for the customer
- an innovation culture with corporate leadership that expects growth through development of new products and services
We wish every success to our partners from the IT industry of Latvia, Europe and all over the world!