ABSTRACT
Innovation is a pivotal ingredient for the successful digitally enabled, data-driven, people-focused organisation. An innovation ecosystem must be ever-present in ways that echo the demands of continuous external and internal change. Building a sustainable innovation ecosystem within the organisation is central to its long-term success and the realisation of its vision. Strategic digital transformation is not directly about digital technology but about the way in which digital technology allows organisations to solve problems and improve. Strategic digital transformation involves permanently and sustainably embedding an environment that is conducive to innovation by having a positive impact on the organisational system to fully leverage change. Digital transformation and innovation requires funding. Although the situation will vary between individual countries, there are generally pools of funding available through innovation schemes that encourage industry and research organisations to work more closely together in order to extract maximum value from the research organisations and release the beneficial outcomes of research into the commercial world.
