CIOs would love to centralize technology purchasing decisions with a handful of strategic partners, but the reality is that incumbent technology providers can’t always address all of IT’s needs, especially when it comes to emerging technologies.
That is why enterprise startups have always played a crucial role in IT portfolios. These days many CIOs regularly travel to Silicon Valley where venture capitalists invite them to meet their portfolio companies to assess fit. Some enterprises engage reverse-pitching, hosting events in which they identify a need and challenge startups to develop fit-for-purpose solutions. Still others learn of promising startups from peers who have vetted them for their own companies.
Read More from This Article: 10 hot startups targeting today’s key IT initiatives