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Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world’s most admired brands, including 80 percent of the Fortune 500. Learn more in the Q+A below.

In its simplest form, what is innovation to you?

Innovation often is a buzzword—at Deloitte it isn’t. To innovate well, you need the confidence in your ability to execute. Our track record and goal is to instill that confidence.

Our goal with innovation is to find the practical value out of the latest technologies, to create near-term solutions that enable companies to streamline processes, mitigate risk and connect with customers and markets.

What do we believe?

Jason W. Downing, Managing Partner, North Texas, Deloitte LLP

Today, the technological innovations reshaping business and society make it possible for every organization to be a technology company. But innovation isn’t always about technology and invention. It’s also about ingenuity—taking what we already have and know and seeing how it can be re-applied to help solve a new problem—and that creates value.

Ingenuity requires us to think in new ways about familiar ideas, welcome new approaches, and collaborate with others in ecosystems that combine diverse skill sets. And, ingenuity calls for us to deploy new ideas, even in the face of risk. Innovation entails taking risks, but not innovating can be riskier. Many organizations struggle with finding the right balance between fearlessness and paralysis.

A key is understanding and managing the risk that comes with innovation. Effective, innovative organizations understand the disruption that is now commonplace in our global economy and face it with confidence. The option of waiting to be a ‘fast follower’ may not be sufficient today, given how rapidly new technologies are changing how business gets done.

Commitment to innovation in North Texas

In North Texas, we instill innovation in every part of working with our clients. We also continue to deepen our commitment to evolve and anticipate the next generation of solutions and capabilities our clients will need to excel in an ever-changing business landscape.

Learn more about Deloitte here.

A version of this story first appeared in Dallas Innovates 2018, an annual magazine that showcases Dallas-Fort Worth as a hub of innovation. Read more about the region’s game changers, disruptors, creatives, and our new frontiers in the digital edition.

Feature image: Shutterstock

DALLAS INNOVATES 2018: READ THE DIGITAL EDITION

[PHOTO: MICHAEL SAMPLES]

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