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) |
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(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) |
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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) |
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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
Netbooks start raising the stakes
Electronics / Consumer & Gadgets
Dec 18, 2009 |
2.3 / 5 (3) |
0
The standard desktop computer is about as popular as swine flu these days, with all the major innovations happening in the laptop and netbook segment.
From terrorism to HIV, it's all about the network
Other Sciences / Social Sciences
Dec 18, 2009 |
not rated yet |
0
(PhysOrg.com) -- Similarities between webs of terrorists and networks of rescue personnel may seem unlikely. To an eclectic collaboration of engineers and social scientists, the connections are not only possible, but a potential ...
Can Snowmobiles Adapt in the Age of Ethanol?
Dec 18, 2009 |
1 / 5 (2) |
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(PhysOrg.com) -- By 2022, federal regulations will require a 400 percent increase in the amount of renewable fuel in America’s gasoline, from 9 billion to 36 billion gallons.
Taming the flu: Researchers create map of interactions between flu virus and its human host
Dec 18, 2009 |
5 / 5 (1) |
0
(PhysOrg.com) -- There is no lack of worry this season over the flu, both the seasonal and H1N1 varieties, but there is a critical lack of understanding of the viruses that cause these illnesses. For years, ...
Analysts warn that FTC suit could damage Intel
Dec 18, 2009 |
4.7 / 5 (3) |
2
The Federal Trade Commission's lawsuit against Intel Wednesday -- the most far-reaching in a string of recent regulatory actions -- poses a huge threat to the Santa Clara, Calif., chip giant and could reshape the semiconductor ...
Mobile tech 'can replace cheques'
Dec 18, 2009 |
not rated yet |
2
(PhysOrg.com) -- With cheques due to be phased out in the UK by 2018 new security technology developed at Oxford University could offer a replacement, allowing people a secure way to pay in almost any situation.
Final Blu-ray 3D Specification Announced
Dec 17, 2009 |
4.5 / 5 (2) |
0
The Blu-ray Disc Association (BDA) today announced the finalization and release of the "Blu-ray 3DTM" specification. The specification, which represents the work of the leading Hollywood studios and consumer electronic and ...
French technology upstart challenges Google
Dec 17, 2009 |
4.7 / 5 (3) |
0
(AP) -- France's efforts to digitize its culture, from Marcel Proust's manuscripts to the first films of the legendary Lumiere brothers, long have been bogged down by the country's reluctance to rely on help from American ...
How to spur energy storage innovations
Dec 17, 2009 |
2 / 5 (2) |
0
Imagine flying all the way from coast to coast, completely guilt-free, in an airplane that doesn’t emit a single particle of greenhouse gas or air pollutants. That could happen someday, perhaps brought to ...
Pre-eruption earthquakes offer clues to volcano forecasters
Space & Earth / Earth Sciences
Dec 16, 2009 |
4.7 / 5 (3) |
1
Like an angry dog, a volcano growls before it bites, shaking the ground and getting "noisy" before erupting. This activity gives scientists an opportunity to study the tumult beneath a volcano and may help ...
List of search results for technological innovation
