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 ...
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.
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 ...
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
iPhones are musical instruments in new course and ensemble (w/ Video)
6 hours ago |
5 / 5 (1) |
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(PhysOrg.com) -- iPhones are being used as musical instruments in a new course at the University of Michigan.
Arts and sciences join to develop greener, more efficient conferences and exhibits
11 hours ago |
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Santanu Majumdar spent his years as a graphic design graduate student developing a project that might sound counterintuitive for a student of fine arts - a software program made to simplify information gathering at conferences ...
North Pole wolf emails locations to researchers
12 hours ago |
4.5 / 5 (2) |
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In July the scientists, one from the United States, the other from Canada, put the satellite collar on Brutus, the leader of his wolf pack, on remote Ellesmere Island, only 600 miles from the North Pole. Their ...
Bacterial gut symbionts are tightly linked with the evolution of herbivory in ants
12 hours ago |
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Broadly speaking, ants have two different feeding strategies. A large proportion of all species are "carnivorous," meaning that they are generalist predators feeding on other small animals or scavenging on ...
Innovation puts next-generation solar cells on the horizon
13 hours ago |
4.4 / 5 (14) |
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In a world first, a Monash University-led international research team has developed an innovative way to boost the output of the next generation of solar cells.
Sleep changes predict the onset of physical changes associated with puberty
19 hours ago |
5 / 5 (1) |
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A study in the Dec.1 issue of the journal Sleep suggests that changes in children's sleep patterns that typically occur between the ages of 11 and 12 years are evident before the physical changes associated with the onset ...
Grant to help zoo visitors learn more about science with their cell phones
Nov 30, 2009 |
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Zoo visitors may soon use their cell phones to "Call the Wild" as part of a project led by University of Florida researchers to help the public learn more about the nature of science.
Rocket test will carry Purdue experiment
Space & Earth / Space Exploration
Nov 30, 2009 |
3 / 5 (1) |
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(PhysOrg.com) -- Purdue University researchers are designing and building an experiment that will operate during a test flight of a new type of reusable rocket to be launched by aerospace company Blue Origin LLC.
Clinical trials launched for treating most aggressive brain tumor with personalized cell vaccines
Nov 30, 2009 |
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The University of Navarra Hospital (Spain) has launched a series of clinical trials in order to assess the efficacy of an immunotherapy treatment. This approach involves the application of personalised vaccines —produced ...
Montreal Heart Institute performs its first implant of new prosthesis for cardiac arrhythmia
Nov 30, 2009 |
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A multidisciplinary team from the Montreal Heart Institute (MHI), which is affiliated to the Université de Montréal, performed its first catheter implantation of a new prosthesis (Amptlazer Cardiac Plug) closing ...
List of search results for technological innovation
