Research Hub: Innovation Discovery: New Technology Development and Implementation
This blog was provided by Innovation Discovery
Innovation is the process of creating new ideas and applying them to the world. Innovation is crucial for the growth of society and economy. It has been a key driver in the development of modern society.
There are many factors that influence innovation, such as culture, politics, economics, business models, and market conditions. One thing needed for innovation to happen is a person with an idea or problem that needs solving. The person then needs to come up with a solution or idea to solve it. This can be done in many ways such as trial-and-error methods or using existing knowledge from other fields like science and engineering.
Some of the best examples of innovation are in the field of artificial intelligence (AI). The AI market is growing at an exponential rate, with revenues forecast to reach $7 billion by 2025.
Thousand of innovations see the light every year but adoption is extremely slow, sometimes because companies, people, or regulations slow the process of growth. As technology/innovation leaders/drivers what we can do to help accelerate the technology adoption?