The Rise of the Chief Innovation Officer

As the importance of innovation as a vital business process becomes widely recognized, the position of Chief Innovation Officer (CINO) is gaining traction in the C-suite. The CINO is responsible for identifying areas of innovation, proposing strategies for incorporating technology, and creating an environment that enables innovators to operate effectively. The CINO must be both strategically and tactically savvy, comfortable in both long-term and short-term planning, and adept at collaborating across company departments. Collaboration is encouraged through intelligent office planning and collaborative technology software, and enhanced by gamification and reward schemes. The rise of the CINO is backed up by the numbers, as 43% of large companies now have a formally accountable innovation executive in place.