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.

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More Innovation Resources:

5 Steps To Kickstart Your Trendspotting

Effective trendspotting is crucial for innovation architects and CTOs to keep ahead of the curve, but identifying relevant trends can be challenging. This two-part series discusses how to undertake trendspotting and what capabilities are necessary.

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Ignite Spotlight: An Interview with Herbalife CIO Chris Morris

Chris Morris, Senior Vice President and Chief Innovation Officer at Herbalife, discusses how innovation requires a cultural shift and shares insights on trends to watch, communication, and moderation in innovation programs.

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Learn From The German Approach To Innovation

Germany's approach to innovation has contributed to its stable economy and continuous growth. The country's focus on practical applications, science, and innovation aimed at adapting inventions to a specific industry has made it a leader in both disruptive and continuous innovation.

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