Tech Companies Innovate at the Edge. Legacy Companies Can Too.

The result of these trends is an explosion of computing power, a massive expansion of data sets, and vast improvements in the way users access technology. This means it will become cheaper and easier to develop, launch, and scale new innovations quickly, leading to a much faster pace of innovation.

The question for today’s business, then, is how to empower these workers at the edge to operate as innovators, and how to bring in the best of what they develop so the entire organization can benefit. This is more than a matter of providing these would-be entrepreneurs with sufficient seed capital. Companies instead have to invest in an innovation model.

Itaú tech-focused groups have focused on automating as many processes as possible, allowing teams, for example, to set up new environments in the cloud or having code reviewed without the need to make requests of IT. The teams have also set up data “cockpits,” an easy-to-use tool that teams can use to run data queries without needing to pull in data engineers.

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