Innovation and Information Technology

Not too long ago, there was no artificial intelligence (AI), additive manufacturing (3D printing), blockchain, machine learning (ML), mRNA vaccines, the Internet, Cloud computing, cell phones, robots, autonomous electric vehicles, and flying drones to deliver groceries home.

Many of these innovations started with an innovator’s dream, a customer’s need or want, a creative idea popping in someone’s mind, inspiration from walking by the beach, or, more formally, via a process—including a series of brainstorming and design-thinking sessions, among many other steps.

What is Innovation?

Innovation is how you can make your ideas valuable. And how you and your team can make an essential contribution to socioeconomic development in the world (Dodgson, M., & Gann, D. (2010). 

Innovation is turning an idea or invention into a good, product, or service that creates value for someone. It is the act or process of developing and implementing new things—from new gadgets and apps to complex operations.

Innovation Empowers People and Powers Enterprises

Innovation involves breakthroughs that can radically change an industry paradigm beyond product tweaking and improving a product, service, or process. Nevertheless, you can also apply the innovation process to enhance your current products, services, spaces, software, or customer experience.

Innovation is crucial to the success of an enterprise. Companies like 3M, Abbott, AstraZeneca, Apple, Alphabet, Amazon, Comcast, Microsoft, Pfizer, Meta, Mitsubishi, Moderna, Netflix, Salesforce, Tesla, Zoom, and many others have been adapting, innovating, and transforming continuously.

Innovative companies learn from their successful experiences and failures. To wit, the phrase “failing fast often” has been popularized by innovators.

For information about Innovation and IT courses, please contact walter@coursewell.com