Minneapolis, MN -- (ReleaseWire) -- 06/18/2014 --Key Leaders of the Architecture Engineering and Construction Industry and Lifecycle Technologies Inc., announced today the launch of AEC, Chief Information Officer, Innovation Leadership Summit (ILS). The summit will take place at the Denver Country Club, Denver, Colorado in September of 2014. The Advisory Board will hold their initial executive retreat on location July 9-10.

A recent survey revealed that 3 out of 4 CEOs plan to make innovation a greater priority this year. For these leaders, innovation doesn’t only mean quickly creating new products or services. It also means taking costs out of processes and aligning leadership, capabilities, processes, technology and organizational structures to foster a more innovative organization and culture.

Today, for our globally connected digital economy, information and communications technologies define business success. Still, the latest research shows only 7% of the IT budget is spent on innovation.

Despite clear evidence that IT savvy firms are more profitable than their competitors by a competition-crushing 20%, CIO execs still report significant pushback as they attempt to contribute to strategic business planning for their organizations. “We affectionately, refer to this as the CIO Catch-22,” comments Cal Munkvold, CEO of LifeCycle Technologies and cofounder of ILS.

The Innovation Leadership Summit (ILS) is an exclusive, invitation-only membership for Chief Information Officers (CIOs) in the Architecture, Engineering and Construction industry. The objective of the summit is to engage these innovators at the intersection between business and technology for the express purpose of removing the functional barriers to innovate now and transform for the future.

Only a select number of the most promising CIOs in the industry have been invited to participate in the leadership forum as industry research confirms that a very small percentage of Chief Information Officers worldwide would qualify as innovative business thinkers.

“Either you innovate and change or get left behind. This innovation group has great value. ILS has my full support” Julius Chepey CIO – API Group

The summit meetings therefore aim to empower members with the latest research, information, strategic options, and innovation trends impacting business transformation in organizations so that summit members may effectively shift from Chief Information leaders to Chief Innovation Officers. This shift allows and arms CIOs to promote the technologically strategic business advantages and propel advanced initiatives throughout their organizations.

“Architecture, Engineering, and Construction, (AEC) receive almost no on demand research support. The research component of ILS is critical to innovation. CIO’s as IT leaders need this information to transform the intersection between business and technology.” Global CIO -ENR top 25 construction industry

More information about the CIO Innovation Leadership Summit is available at: http://innovationleadershipsummit.com/

About Innovation Leadership Summit (ILS)
The Innovation Leadership Summit (ILS) is an exclusive, invitation-only membership for ClO’s (head technology officers) in the Architecture, Engineering and Construction industry. These summit meetings empower members with the latest research, information, strategic options, and innovation trends impacting industry ClO’s. Summit members shift from Chief Information leaders to Chief Innovation Officers, promoting the strategic business advantages to propel advanced technology and transformational initiatives throughout the organization.

Profiles of C-Level executive reveal that only 2.5% possess the mindset and critical thinking skills to innovate and transform organizations. The group of transformation driven, technology supported leaders in Architecture, Engineering and Construction direct innovation for a global spend of $15 trillion annually.

For more information visit www.innovationleadershipsummit.com

SOURCE: Innovative Leadership Summit, Dr. Kimberly Bonniksen, Chief of Discovery and Research Lifecycle Technology –info@innovationleadershipsummit.com