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 ...
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 ...
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.
Search results for technological innovation
How to spur energy storage innovations
4 hours ago |
1 / 5 (1) |
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 |
4.5 / 5 (2) |
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 ...
Toward reading your own personal 'Book of Life'
Dec 16, 2009 |
not rated yet |
0
What secrets about your risk for diseases are written in your own personal "Book of Life" -- the 30,000 or so genes that make you you?
Scientists use DNA sequencing to attack lung cancer
Dec 16, 2009 |
5 / 5 (1) |
0
Aided by next-generation DNA sequencing technology, an international team of researchers has gained insights into how more than 60 carcinogens associated with cigarette smoke bind to and chemically modify human DNA, ultimately ...
Intel hit with more antitrust charges in FTC suit
Dec 16, 2009 |
4.8 / 5 (4) |
0
(AP) -- The Federal Trade Commission piled on new antitrust charges against Intel Corp. on Wednesday, seeking to end what it described as a decade of illegal sales tactics that have crippled rivals and kept ...
Filtering truth?
Dec 16, 2009 |
3.7 / 5 (3) |
0
(PhysOrg.com) -- Plans for mandatory internet filtering in Australia may see a wide range of material disappear from computer screens, according to research led by a UNSW academic.
Watching Proteins Direct Crystal Growth One Step at a Time (w/ Video)
Dec 16, 2009 |
5 / 5 (2) |
0
(PhysOrg.com) -- Scientists at Berkeley Lab's Molecular Foundry imaged the growth of protein-studded mineral surfaces with unprecedented resolution and provided a glimpse into how living systems engineer key ...
Microsoft to let Europeans pick browser in EU deal
Dec 16, 2009 |
3.8 / 5 (4) |
1
(AP) -- More than 100 million Europeans will get to pick a Web browser after Microsoft agreed to offer Internet users a choice to avoid fresh fines - a move that could represent a real thawing of long-standing ...
Miracle light: Can lasers solve the energy crisis?
Dec 15, 2009 |
4.3 / 5 (12) |
3
Next year will mark the 50th birthday of the laser, one of the most productive and widely used mega-inventions of the last century. Scientists hope that 2010 also will see the launch of laser technology's greatest challenge: ...
Micromachined piezoelectric harvester drives fully autonomous wireless sensor
Dec 15, 2009 |
5 / 5 (10) |
1
For the first time, a piezoelectric harvesting device fabricated by MEMS technology generates a record of 85μW electrical power from vibrations. A wafer level packaging method was developed for robustness. ...
List of search results for technological innovation
