Research conducted on behalf of HP reveals that one out of every two business executives feel their companies suffer from "innovation gridlock," in which IT organisations are blocked from driving new business innovations. This gridlock also carries inherent costs. Ninety-five percent of respondents said innovation gridlock cost them lost opportunities, 93 percent indicated it cost them in terms of lost effort from resources, and 99 percent said it cost them lost time.

It claims to break the IT innovation gridlock by:

• Creating self-funding projects that allow transformation within current budgetary constraints.
• Architecting new solutions for change so that IT organisations can quickly and easily add new functionality as business requires it.
• Freeing up funds trapped in operations. Organisations should find ways to drive a continual reduction in operating costs through best practices and technologies.

In this era of constant change, breaking the innovation gridlock can mean the difference between being a market maker or a follower, said Kamal Dutta, Director, Software & Solutions, HP India. "With HP, CIOs can capitalise on change by reclaiming funds locked in operations to drive new innovation projects."

Self-fund
HP offers clients a, HP Applications Modernisation Transformation Experience session, which enables organisations to experience modernisation and its benefits. By retiring legacy applications and eliminating complexity in technology environments, organisations are able to self-fund their modernisation journeys. It also provides clients with access to capital based on the value of existing systems, helping to fund investments in new technology and innovation.

Architect new solutions for change
The HP Cloud Service Automation (CSA) solution enables clients to architect their IT environments for change by accelerating the deployment and automated management of private and public cloud initiatives. This also allows them to capitalise on new cloud-based services to quicken time to market.It helps clients to successfully adopt and manage the entire life cycle of cloud services.

Free up funds trapped in operations
It  helps companies to create cost-efficient technology infrastructures that are consistently reliable, readily scalable and totally secure.

- An expanded HP Mission Critical Services portfolio delivers multilevel support for the entire virtualised environment  including hardware, operating systems and hypervisors.

- Available through the updated line of HP Proactive Services, increases the operational efficiency of virtualised  environments and frees up operational costs through expert recommendations and priority improvements.