Post by account_disabled on Oct 18, 2023 7:41:28 GMT -4
Innovation is something new that has application; It is a transformation that meets a need and generates value for your business . This is a broad concept; There are several paths to innovation, among which is technological innovation. Although the correlation between innovation and technology seems obvious, technological innovation still raises doubts in the context of a company, especially when it comes to the more practical aspects of its application. Questions arise such as: When is the right time to invest? How to define the value of this investment? In this article, we will better understand what technological innovation is and answer these questions. What is technological innovation?
Technological innovation is innovation in processes and products through the development or implementation of new technology in order to optimize performance and results. The creation of the digital camera, capable of taking photographs with superior image quality and europe mobile number list without the need for film and development, is an example of technological innovation in products. Creating a camera that is 100 grams lighter than the previous model and includes a new image stabilization feature as well. The development of robots for inventory logistics, which are capable of identifying the items in an order and removing them from the corresponding shelves, as is currently done in Amazon warehouses, is an example of technological innovation in processes. And the implementation of inventory control software , which allows you to monitor the consumption of each item and plan the company's purchases, too.
These examples you have just seen show that this type of innovation does not always consist of a major break with what existed before ; in many cases, it is just an improvement on what already existed. Therefore, we say that there are two types of technological innovation : incremental and radical. Incremental innovation is what promotes improvements in relation to what already exists. It brings support to the company, allowing it to remain competitive over time; It has lower costs and risks, but also offers lower returns. Meanwhile, radical innovation is what promotes disruption. It brings growth to the company, allowing it to make great leaps and position itself ahead of its competitors; It has higher costs and risks, but also greater potential for return.
Technological innovation is innovation in processes and products through the development or implementation of new technology in order to optimize performance and results. The creation of the digital camera, capable of taking photographs with superior image quality and europe mobile number list without the need for film and development, is an example of technological innovation in products. Creating a camera that is 100 grams lighter than the previous model and includes a new image stabilization feature as well. The development of robots for inventory logistics, which are capable of identifying the items in an order and removing them from the corresponding shelves, as is currently done in Amazon warehouses, is an example of technological innovation in processes. And the implementation of inventory control software , which allows you to monitor the consumption of each item and plan the company's purchases, too.
These examples you have just seen show that this type of innovation does not always consist of a major break with what existed before ; in many cases, it is just an improvement on what already existed. Therefore, we say that there are two types of technological innovation : incremental and radical. Incremental innovation is what promotes improvements in relation to what already exists. It brings support to the company, allowing it to remain competitive over time; It has lower costs and risks, but also offers lower returns. Meanwhile, radical innovation is what promotes disruption. It brings growth to the company, allowing it to make great leaps and position itself ahead of its competitors; It has higher costs and risks, but also greater potential for return.