Examples of Technological Innovation with Potential Impact on Business

Examples of Technological Innovation with Potential Impact on Business

Innovation is vital for business growth. Developing a product innovation and technology strategy is essential for success. Technological innovations like AI, 5G internet, Blockchain, Edge computing, and the connected industrial workforce have made a significant impact in the business world. AI has automated work, processed natural language, and provided analytics. 5G internet provides faster connections and improved device capacity. Blockchain has enhanced electronic currencies, increased efficiency and trust, and solved problems. Edge computing provides better asset management, production monitoring, and traffic control. The connected industrial workforce improves workforce efficiency and competitiveness by enabling machines to do things humans cannot, like learning and pattern discovery.

View

More Innovation Resources:

Lean Scaleup: Set Your Corporate Ventures Up For Success

Corporate innovators must take specific actions, including adapting to budget cuts and identifying new opportunities, before implementing the Lean Scaleup framework to accelerate and scale chosen corporate startups and ventures.

View

Learning From Innovation Hubs: Fluidity, Serendipity, and Community Combined

Innovation hubs are a new type of organization that fosters innovation through fluidity, serendipity, and community.

View

The culture of fail fast, fail often in innovation: Effective?

The fail fast, fail often concept is proven to be effective in innovation, as it helps identify flaws in ideas and improve them to achieve success. Establishing a culture of fearless innovation is key to embracing the potential of failure.

View