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 ...
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 ...
Wanted: Computer hackers... to help government
Apr 19, 2009 |
4.3 / 5 (4) |
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(AP) -- Wanted: Computer hackers. Federal authorities aren't looking to prosecute them, but to pay them to secure the nation's networks.
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.
Search results for technological innovation
How to encourage big ideas
8 hours ago |
5 / 5 (1) |
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(PhysOrg.com) -- A new study suggests certain types of funding -- which provide more freedom and focus less on near-term results -- lead to more innovative and influential research.
Pay babysitter on iPhone, says Twitter
Electronics / Consumer & Gadgets
16 hours ago |
2.7 / 5 (3) |
1
Microblogging service Twitter has branched into the market for electronic payments, unveiling a mini credit card swiper that plugs into the iPhone, at a European internet fair on Wednesday.
Self-destructing bacteria improve renewable biofuel production
Dec 08, 2009 |
4.5 / 5 (4) |
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An Arizona State University research team has developed a process that removes a key obstacle to producing lower-cost, renewable biofuels. The team has programmed a photosynthetic microbe to self-destruct, making the recovery ...
Silicon Valley getting greener with Hara
Dec 07, 2009 |
2 / 5 (2) |
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Fresh from signing on to help green Silicon Valley, startup Hara will be at climate talks in Copenhagen this week to urge that corporations not wait for regulations to fight global warming.
India's Tata launches low-cost water filter for rural poor
Dec 07, 2009 |
4.3 / 5 (3) |
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India's giant Tata Group on Monday unveiled a new low-cost water purifier, hoping to do for health what it did for motoring and provide affordable, safe drinking water for millions and cut disease.
German researchers demonstrate diesel truck engine with barely measurable emissions
Dec 07, 2009 |
3.8 / 5 (6) |
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Just three months after the Euro 5 Norm for exhaust emissions went into force for all new car models, researchers at the Technische Universitaet Muenchen (TUM, Germany) have demonstrated an engine that is ...
Google buys online collaboration startup
Dec 05, 2009 |
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Online collaboration startup AppJet said that Google is buying the San Francisco firm and merging its technology with an innovation Wave communication platform the Internet giant is creating.
Keeping Mars Contained
Space & Earth / Space Exploration
Dec 04, 2009 |
5 / 5 (3) |
1
When robotic spacecraft bring a sample of Mars back to Earth, scientists will need specially-designed facilities to study the samples and prevent them from escaping to the outside world.
NASA Challenges 350 Rocketeers Nationwide to Aim a Mile High
Space & Earth / Space Exploration
Dec 04, 2009 |
5 / 5 (2) |
1
(PhysOrg.com) -- NASA has invited more than 350 student rocketeers from middle schools, high schools, colleges and universities -- 37 teams nationwide -- to take part in the 2009-2010 NASA Student Launch Projects.
Intel Offers Developer Kit For Future Atom Processor Netbook Apps
Dec 03, 2009 |
5 / 5 (1) |
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Intel Corporation has made its beta version of the Intel Atom Developer Program Software Development Kit (SDK) available for Microsoft Windows and Moblin operating systems developers. The kit helps software companies and ...
List of search results for technological innovation
