Innovation can be a confusing topic because there are so many different kinds of innovations out there and everyone seems to use the term differently.
Although you often hear about innovation in terms of technology and although it’s true that technological innovation has been, and will likely continue to be, the most obvious form of innovation, it comes in variety of other forms too.
Most innovations are smaller, gradual improvements on existing products, processes and services while some innovations can be those ground-breaking technological inventions or business models that transform industries.
source: Types of Innovation – The Ultimate Guide with Definitions and Examples https://www.viima.com/blog/types-of-innovation
Innovation is a multifaceted concept that often leads to confusion due to its broad application and varying interpretations. While technological innovation is the most visible and frequently discussed form, innovation encompasses a wide range of activities. It includes incremental advancements in existing products, processes, and services, as well as groundbreaking inventions and business models that can transform entire industries.
Technological innovation has been, and will likely continue to be, the most obvious form of innovation. However, it is essential to recognize that most innovations are smaller, gradual improvements rather than revolutionary changes. These incremental innovations play a crucial role in enhancing efficiency, improving user experience, and maintaining competitiveness in the market (Viima, 2024).
In summary, innovation is not limited to technological breakthroughs but includes a spectrum of improvements that collectively drive progress and transformation across various sectors.
References: Viima (2024). Types of Innovation – The Ultimate Guide with Definitions and Examples. Available at: https://www.viima.com/blog/types-of-innovation (Accessed: 30 December 2024).
Innovation is not necessarily linked to technology, nor it is confusing. In simple term, it is purely the well structure imagination of the ideas that are practically useful for societies. However, the term innovation is widely used these days for digital movement which still can be innovation but with many limitations. It is far too abstract but that is exactly how the innovation seems to evolve in the real world. Simple example to qualify innovation is for example the coffee seller using consumable cups instead of cookies may be considered as social innovation which is also partially linked to technology design. Thus, innovation in general is an interconnected system of structure thought which needs to fulfill the desirable function rather than definite end product.
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