Technology Innovation

Technological innovation is an extended concept of innovation. While innovation is a rather well-defined concept, it has a broad meaning to many people, and especially numerous understanding in the academic and business world.

The fundamental cause for modern life is innovation. Although there are some undesired effects of innovation, change is unavoidable, and if the companies are strategic, innovation results in a beneficial change.As per McKinsey research, 84 percent of professionals feel that continued innovation is critical to future success. Even though innovation is a broad notion, every organization tries to place a high value on it.

Innovation is required for economic development and resolving crucial challenges that people encounter daily. Particularly emerging nations must focus on innovation to join forces in the global markets.Benefits accrue as a result of technological advancement. It improves residents' overall quality of life by increasing production and bringing new and improved goods and services.

The fruits of innovation may take a long time to surface as materialistic achievements. They frequently affect a large section of the population. The underprivileged and subsequent generations with almost no power and influence can profit the most.

Technological innovation creates opportunities for entrepreneurs to found new organizations and establish competitive positions as incumbents' sources of advantage decay. Technological innovation also creates uncertainty and risk for incumbents because its outcomes can be only imperfectly anticipated.

What you'll learn

• Understand - Why Innovation is important & its relevance
• Sources of Ideas, Root Cause Analysis, Technology Life Cycle
• Being advance ready to face the world
• Master the Different Types of Innovation
• By the end of this course you will have gained a solid grasp of the central concepts in the area of technology innovation and how to apply them