article thumbnail

Improvement vs Innovation: Which Is Better For your Business?

Qmarkets

Innovation can happen quickly, (known as radical innovation), or it can take place over time, (incremental innovation). Innovation requires creative thinking, imagination, and risk-taking. Product innovation is the development of new products. Product innovation isn’t limited to software.

article thumbnail

Davos Innovation Analysis: Will The Fourth Industrial Revolution lead to Households as employers?

Innovation 360 Group

Already, artificial intelligence is all around us, from early self-driving cars and drones to virtual assistants and software that translate or invest. Moreover, technological innovation will also lead to more reuse and less waste of material and energy due to economical reasons and social demands.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Davos Innovation Analysis: Will The Fourth Industrial Revolution lead to Households as employers?

Innovation 360

Already, artificial intelligence is all around us, from early self-driving cars and drones to virtual assistants and software that translate or invest. Moreover, technological innovation will also lead to more reuse and less waste of material and energy due to economical reasons and social demands. Fourth Industrial Revolution.

article thumbnail

Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

In order to keep the cycle of generating fresh ideas, innovations have to find a new home outside of the lab and thrive there to make room for new things. The follow-up financing of Innovation Lab topics must be regulated early so that innovations and new business models can have their full effect and repay the original investment.

Trends 58