Consumer & Gadgets

Singapore launches first drone delivery service

Singapore's first drone delivery service has begun by taking vitamins to a ship, with its operator saying Wednesday the devices are crucial in reducing human contact during the coronavirus pandemic.

Benin tech innovation hub sees bright future

With crimson walls and violet, yellow and red awnings, it's a building that few people in Cotonou, the tranquil economic capital of Benin, are likely to miss.

Robotics

Army advances learning capabilities of drone swarms

Army researchers developed a reinforcement learning approach that will allow swarms of unmanned aerial and ground vehicles to optimally accomplish various missions while minimizing performance uncertainty.

Business

Privacy faces risks in tech-infused post-COVID workplace

People returning to work following the long pandemic will find an array of tech-infused gadgetry to improve workplace safety but which could pose risks for long-term personal and medical privacy.

Internet

How the blockchain can unshackle markets

The blockchain that underpins digital currencies can be used much more widely to create smart contracts and immutable and protected digital products and services. The potential of this innovation is only now being recognized ...

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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