Engineering

A single spin-orbit torque device to sense 3D magnetic fields

Sensors that can detect magnetic fields have many potential applications, for instance, in the development of sophisticated medical devices and transportation systems. Most approaches for detecting 3D magnetic fields developed ...

Other

Best of Last Year—The top Tech Xplore articles of 2018

It was a great year for technological innovation as a team at MIT announced that they had flown the first-ever plane with no moving parts. Instead of turbines, propellers or even fans, the new plane was powered by an "ionic ...

Business

SKorea's Moon says EV battery settlement 'very meaningful'

South Korean President Moon Jae-in on Monday welcomed a decision by two South Korean electric vehicle battery makers to settle a long-running intellectual property dispute that had threatened thousands of American jobs and ...

Machine learning & AI

AI is killing choice and chance—changing what it means to be human

The history of humans' use of technology has always been a history of coevolution. Philosophers from Rousseau to Heidegger to Carl Schmitt have argued that technology is never a neutral tool for achieving human ends. Technological ...

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.

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