Innovation
hideThe term innovation refers to a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organizations. A distinction is typically made between invention, an idea made manifest, and innovation, ideas applied successfully. (Mckeown 2008) In many fields, something new must be substantially different to be innovative, not an insignificant change, e.g., in the arts, economics, business and government policy. In economics the change must increase value, customer value, or producer value. The goal of innovation is positive change, to make someone or something better. Innovation leading to increased productivity is the fundamental source of increasing wealth in an economy.
Innovation is an important topic in the study of economics, business, design, technology, sociology, and engineering. Colloquially, the word "innovation" is often synonymous with the output of the process. However, economists tend to focus on the process itself, from the origination of an idea to its transformation into something useful, to its implementation; and on the system within which the process of innovation unfolds. Since innovation is also considered a major driver of the economy, especially when it leads to increasing productivity, the factors that lead to innovation are also considered to be critical to policy makers.
Those who are directly responsible for application of the innovation are often called pioneers in their field, whether they are individuals or organisations.
For more information about Innovation, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with technological innovation
Study finds patent systems may discourage innovation
Other Sciences / Social Sciences
Jul 27, 2009 |
4.9 / 5 (19) |
37
(PhysOrg.com) -- A new study challenges the traditional view that patents foster innovation, suggesting instead that they may hinder technological progress, economic activity and societal wealth. These results ...
Obama names first US Chief Technology Officer
Apr 19, 2009 |
4 / 5 (3) |
0
US President Barack Obama on Saturday named a Harvard-educated Indian-American to the newly created post of Chief Technology Officer in an appointment much-awaited by Silicon Valley.
Wanted: Computer hackers... to help government
Apr 19, 2009 |
4.3 / 5 (4) |
2
(AP) -- Wanted: Computer hackers. Federal authorities aren't looking to prosecute them, but to pay them to secure the nation's networks.
Economy may be dim, but technological innovation on the horizon for 2009
Dec 31, 2008 |
3.7 / 5 (11) |
1
A recession doesn't mean the death of innovation in the consumer tech industry. Consider 2001. During that recession, Apple Inc. introduced the iPod, Microsoft Corp. rolled out its original Xbox video game console, broadband ...
Search results for technological innovation
Electronic Waste Needs to Go Green
12 hours ago |
3 / 5 (2) |
0
(PhysOrg.com) -- Americans love their consumer electronics, but what happens to all the gadgets when their useful life is over? Despite being one of the largest generators of "e-waste" in the world, the U.S. has no federal ...
Scientists to develop 'swarms' of miniature robotic ocean explorers (w/ Video)
Space & Earth / Earth Sciences
15 hours ago |
not rated yet |
0
In an effort to plug gaps of knowledge about key ocean processes, scientists at Scripps Institution of Oceanography at UC San Diego have been awarded nearly $1 million from the National Science Foundation ...
Minimally invasive surgery shown safe and effective treatment for rectal cancer
15 hours ago |
not rated yet |
0
Laparoscopic surgery has been used in the treatment of intestinal disorders for close to 20 years, but its benefits have only recently begun to be extended to people with rectal cancer. In a prospective study of 103 patients ...
Vatican searches for extra-terrestrial life
Space & Earth / Space Exploration
15 hours ago |
5 / 5 (2) |
0
Is there life on other planets? The Vatican has asked that age-old question over the past five days during a "study week" on astrobiology gathering leading scientists from around the world.
The missionary doctor
17 hours ago |
not rated yet |
0
(PhysOrg.com) -- Dr. Kenneth Chang has built one of the nation's finest digestive disease centers for UC Irvine Healthcare with a drive and passion inspired by doctors he assisted in a poor Taiwanese fishing ...
Deep creep means milder, more frequent earthquakes along Southern California's San Jacinto fault
Space & Earth / Earth Sciences
Nov 08, 2009 |
4.4 / 5 (5) |
0
With an average of four mini-earthquakes per day, Southern California's San Jacinto fault constantly adjusts to make it a less likely candidate for a major earthquake than its quiet neighbor to the east, the ...
Software cos. eye key patent case in Supreme Court
Nov 08, 2009 |
5 / 5 (4) |
2
(AP) -- With the technology industry looking on, the Supreme Court on Monday will explore what types of inventions should be eligible for a patent in a pivotal case that could undermine such legal protections ...
'Dropouts' pinpoint earliest galaxies
Nov 06, 2009 |
4.2 / 5 (10) |
13
Astronomers, conducting the broadest survey to date of galaxies from about 800 million years after the Big Bang, have found 22 early galaxies and confirmed the age of one by its characteristic hydrogen signature ...
The politics of climate fixes
Nov 06, 2009 |
2.2 / 5 (13) |
7
In the middle of a day filled with a stream of information-packed PowerPoint displays and alarming projections of what the future holds for our planet and our civilization, Judith Layzer’s talk was something ...
A sound practice: Cochlear implants restore children's hearing
Nov 05, 2009 |
5 / 5 (1) |
0
(PhysOrg.com) -- Ava Martin seems less nervous than her parents as the three sit in an audiologist’s office at UC Irvine Medical Center a few days after Labor Day. In August, the 6-year-old had surgery to place a cochlear ...
List of search results for technological innovation
