Energy & Green Tech

Saving jet fuel with flexible sensor strips

Civil aviation is committed to making progress on the road towards a climate-neutral future. To make current and future aircrafts more energy-efficient and use less jet fuel, the industry needs reliable data about the durability ...

Business

CES tech gala looks to shake off economic gloom

The annual CES consumer electronics extravaganza threw open its doors in Las Vegas on Thursday as the industry looks to the latest innovations to help cure the pain from an ailing global economy.

Consumer & Gadgets

CES gadget gala looks to shake off economic gloom

The annual CES consumer electronics extravaganza throws open its doors in Las Vegas on Thursday as the industry looks to the latest innovations to help cure the pain from an ailing global economy.

Electronics & Semiconductors

A novel energy-efficient actuator system for micro loudspeakers

We want modern technology to become smaller and more energy-efficient without losing quality. Technical innovation is required to achieve this. For several years, the Fraunhofer Institute for Photonic Microsystems IPMS has ...

Engineering

Climate change creates complications for concrete

Pennsylvania drivers know the effects that weather can have on paved roads—potholes, cracks and other pavement woes are a common occurrence. Climate change is accelerating the process, with devastating consequences for ...

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Innovation

The term innovation refers to a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organizations. A distinction is typically made between invention, an idea made manifest, and innovation, ideas applied successfully. (Mckeown 2008) In many fields, something new must be substantially different to be innovative, not an insignificant change, e.g., in the arts, economics, business and government policy. In economics the change must increase value, customer value, or producer value. The goal of innovation is positive change, to make someone or something better. Innovation leading to increased productivity is the fundamental source of increasing wealth in an economy.

Innovation is an important topic in the study of economics, business, design, technology, sociology, and engineering. Colloquially, the word "innovation" is often synonymous with the output of the process. However, economists tend to focus on the process itself, from the origination of an idea to its transformation into something useful, to its implementation; and on the system within which the process of innovation unfolds. Since innovation is also considered a major driver of the economy, especially when it leads to increasing productivity, the factors that lead to innovation are also considered to be critical to policy makers.

Those who are directly responsible for application of the innovation are often called pioneers in their field, whether they are individuals or organisations.

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