- "While innovation is a rather well-defined concept... Technological Innovation, however, focuses on the technological aspects of a product or service..."
Developing and implementing innovative technologies that improve efficiency, reduce costs, or enhance performance.
Design Thinking: A creative approach to problem-solving that focuses on empathy, ideation, prototyping, and testing.
Agile Methodology: A project management framework that emphasizes flexibility, collaboration, and iterative development.
Lean Startup: A methodology for building and managing startups that emphasizes rapid experimentation, customer feedback, and iterative learning.
Business Model Canvas: A visual tool for developing, testing, and refining business models that highlights key elements such as revenue streams, customer segments, and value propositions.
Digital Transformation: The integration of digital technology into all areas of a business, resulting in fundamental changes to how the business operates and delivers value to customers.
Internet of Things (IoT): The network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, and connectivity which enables these objects to connect and exchange data.
Artificial Intelligence (AI): The simulation of human intelligence processes by computer systems, including learning, reasoning, and self-correction.
Blockchain: A decentralized, digital ledger that records transactions securely, transparently and without the need for a central authority.
Cloud Computing: The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the internet (the cloud).
Cybersecurity: The practice of protecting computer systems, networks, and sensitive data from unauthorized access, theft, damage, or disruption.
Big Data: Large volumes of data – both structured and unstructured – that can be analyzed to reveal patterns, trends, and insights that are useful for making better decisions.
Digital Marketing: The use of digital channels—such as search engines, social media, email, and websites—to promote a brand, product or service.
User Interface (UI) and User Experience (UX) Design: The process of designing the visual and interactive aspects of software, apps, websites, or other digital products to create an intuitive and delightful user experience.
Robotics: The use of robots to automate tasks that are typically done by humans, such as manufacturing, logistics, and customer service.
Augmented and Virtual Reality (AR/VR): Technologies that enhance or create a digital experience by overlaying or simulating a physical environment or objects.
3D Printing: The process of creating physical objects from digital designs by layering materials.
Crowdfunding: A method of raising funds for a project or venture by soliciting small contributions from a large number of people, typically via the internet.
Open Innovation: A collaborative and inclusive approach to innovation that involves external partners and stakeholders in the innovation process.
Intellectual Property (IP) and Patents: The legal protection of inventions, ideas, and creative works through copyrights, trademarks, and patents.
Industry 4.0: The fourth industrial revolution that emphasizes the integration of advanced technologies such as robotics, AI, and the internet of things into the manufacturing processes.
Product Innovation: Involves the creation of new or improved products, including enhancing the features, performance, design or functionality of current ones.
Service Innovation: Refers to the development of new or improved services or service delivery methods that improve customer satisfaction, convenience, or efficiency.
Process Innovation: Focuses on improving internal processes to achieve cost efficiency, better quality, and faster delivery of products or services.
Organizational Innovation: Aims to improve the organization's overall structure by changing management systems, employee roles, or organizational culture to enhance productivity, creativity, and innovation.
Marketing Innovation: Involves the creation of new marketing strategies, techniques or channels to promote products or services and increase market share or brand awareness.
Social Innovation: Focuses on addressing social or environmental problems through technology, including sustainable energy, waste reduction or affordable healthcare solutions.
Business Model Innovation: An improvement to the way a company generates revenue or creates value, such as introducing a new pricing strategy, subscription model, or e-commerce platform.
Supply Chain Innovation: Aims to optimize the supply chain by improving efficiency, reducing costs or minimizing waste in transportation, logistics, and production processes.
Intellectual Property Innovation: Involves the creation, protection, and monetization of intellectual property, including patents, copyrights, and trademarks.
Collaborative Innovation: Focuses on fostering collaboration and cooperation among different stakeholders, including customers, employees, partners, and competitors, to generate new ideas or products.
Digital Innovation: Focuses on the development of new digital products, services or platforms that leverage technology to improve user experiences or solve problems.
Open Innovation: Emphasizes collaborating with external partners, such as customers, suppliers, researchers or start-ups, to co-create or co-develop innovative products or services.
Technological Innovation: Involves the creation, improvement or adoption of new technologies, including hardware, software or processes, to enhance performance, efficiency, or value.
Incremental Innovation: Focuses on making small improvements or modifications to existing products or processes to enhance value, improve quality, or reduce costs.
Disruptive Innovation: Refers to the introduction of new products or services that fundamentally change the industry's competitive landscape, creating new markets or disrupting existing ones.
Design Innovation: Involves the creation of innovative designs or user experiences that enhance the product's aesthetic appeal, usability, or functionality.
Sustainable Innovation: Focuses on creating products or processes that minimize their environmental impact while maintaining their economic viability and social relevance.
Experiential Innovation: Encompasses the development of new experiences, such as immersive or interactive ones, that enhance user engagement, satisfaction, and loyalty.
User-Centric Innovation: Involves putting the users' needs at the center of the innovation process, design or development, to create user-friendly and effective products or services.
User-Generated Innovation: Involves the participation of users or communities in the innovation process, including co-creation, crowdsourcing, or user testing.
- "...it has a broad meaning to many people, and especially numerous understanding in the academic and business world."
- "...adding extra steps to developing new services and products in the marketplace or in the public that fulfill unaddressed needs or solve problems that were not in the past."
- "Technological Innovation, however, focuses on the technological aspects of a product or service..."
- "It is important to clarify that Innovation is not only driven by technology."
- "Technological Innovation... covers the entire organization business model."
- "Innovation is not only driven by technology."
- "Technological Innovation, however, focuses on the technological aspects of a product or service..."
- "...developing new services and products in the marketplace or in the public that fulfill unaddressed needs or solve problems that were not in the past."
- "Innovation is not only driven by technology."
- "...it has a broad meaning to many people, and especially numerous understanding in the academic and business world."
- "...adding extra steps to developing new services and products in the marketplace or in the public that fulfill unaddressed needs or solve problems that were not in the past."
- "Technological Innovation, however, focuses on the technological aspects of a product or service..."
- "It is important to clarify that Innovation is not only driven by technology."
- "Technological Innovation, however, focuses on the technological aspects of a product or service..."
- "...it has a broad meaning to many people, and especially numerous understanding in the academic and business world."
- "...solve problems that were not in the past."
- "Technological Innovation, however, focuses on the technological aspects of a product or service... covering the entire organization business model."
- "...adding extra steps to developing new services and products in the marketplace or in the public that fulfill unaddressed needs or solve problems that were not in the past."
- "...developing new services and products in the marketplace or in the public that fulfill unaddressed needs or solve problems that were not in the past."