Innovation
What is innovation?
“Innovation in its modern meaning is "a new idea, creative thoughts, new imaginations in form of device or method." Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.”
From Wikipedia – Innovation - https://en.wikipedia.org/wiki/Innovation
Types of Innovation include (note you can google these terms to find out more) :
- Incremental Innovation
- Disruptive Innovation
- Architectural Innovation
- Radical innovation
There is a really good write up of these types at - Types of Innovation -
https://techblog.constantcontact.com/software-development/types-of-innovation
Other good websites include - Types of Innovation – The Ultimate Guide with Definitions and Examples - https://www.viima.com/blog/types-of-innovation
Or you can google these words - types of innovation or innovation or innovation examples.
Example of incremental can be mobile 4G to 5G or TV HD to 4K to 8K resolution or windows 7 to windows 8.
Example of radical innovation:
Video Rental vs Streaming. Back in the days you had to physically go to a store and rent some movies today we have content streaming across the internet. This is a completely new way to do things and is therefore a radical innovation. You can not only watch movies but different subject matter content as well. Example of streaming services include NetFlix and YouTube etc…
Timing in creativity and innovation
When inventing something new you got to make sure the timing of things are correctly in place. For example using the Video rental vs streaming service above you will need to make sure the network infrastructure can handle streaming content for its time. So bandwidth can be an issue because its not ready for primetime. So the timing of things must be considered to make sure you are ready for success.
