Engineering

Researchers develop new technology for precision grinding

A team of researchers at Kaunas University of Technology (KTU), Lithuania have developed a novel approach to precision grinding of hard and brittle materials achieving unparalleled efficiency of this process. By experimenting ...

Engineering

Turning problems into opportunities in urban areas

Currently, about 55 percent of the world's population lives in urban areas, a proportion that is expected to increase to 68 percent by 2050, according to a UN report. With several challenges posed by continued urbanization, ...

Security

Cyber security of connected autonomous vehicles trialled

The privacy and security of data in CAVs has been improved thanks to WMG, University of Warwick who tested four innovations that were results of the PETRAS project. CAVs can now connect to each other, roadside infrastructure, ...

Engineering

'Wi-Fi 'antenna' provides options for rural areas

Ah, the joys of living out in the country: the quiet, the space and the peacefulness. Then there's the internet connection, which can go from bad to worse quickly in many rural areas.

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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.

This text uses material from Wikipedia, licensed under CC BY-SA