What is Innovation and the Meaning of Innovation

What is Innovation: Innovation is an act of change that supposes a novelty. This word comes from the Latin innovation, which in turn derives from the term innovator – “to make new,” “to renew,” which is formed within – “inwards” and Novus “new.”

Innovations is usually associated with the idea of ​​progress and the search for new methods, starting from the knowledge that precedes it, to improve something that already exists, solve a problem or facilitate an activity.

Innovation is a continuous action over time and encompasses different fields of human development.

Among other terms that have a similar meaning and can be use as synonyms are advancement, invention, reform, and renovation.

Technological Innovations

The field of technology is characterize by continuous advancement. Innovations, therefore, is one of the technical characteristics that supposes the creation of new devices, in many cases, from modifying already existing elements.

Therefore, innovation leads to competitiveness and the development of high-quality technological goods and services.

The introduction of new changes allows the creation of new products that, in the future, will also be subjected to innovation processes according to the various technological needs that must be covered.

Among the examples of technological innovation that can be mention are the various electronic devices, such as the latest generation mobile phones that contain various valuable applications for users.

Business Innovations

In the business world, innovations is one of the elements consider when it comes to commercial success.

The concept of business innovation can refer to the introduction of new products or services. In the market and the organization and management of a company.

Sometimes the products or services market do not imply a change in themselves. Since the novelty may consist of a new approach to existing products.

Business innovation can involve a renewal of products or the company itself. Generally updating itself to market demands.

In many cases, a company’s success depends on the degree of innovations since this characteristic can be the distinguishing feature that makes it successful.

Educational Innovations

Innovation in ​​education involves introducing new changes to improve the teaching and learning process.

Educational innovation can affect various elements such as the material resources used, for example. The introduction of interactive devices such as digital whiteboards in the classroom and activities, timing, or evaluation methods.

Sometimes, the changes that are introduce affect the entire educational process. For example. Distance education training processes represent an educational innovation that entails changes at all levels.

Disruptive Innovation

The concept of “disruptive innovations” is use primarily in business. It refers to an innovative change process aimed at a minority public quickly becoming a reality with great commercial demand.

Disruptive innovations occurs when new companies present new products, services, or business models that outperform leading companies in the same sector in the market.

An example is Skype, an innovations and a success in the telecommunications market.

Innovation and Creativity

Innovation is strongly link to creativity, discovery, and invention in many cases. A creative process is necessary to make a change that involves introducing something new.

Sometimes, creativity represents a variation of something already existing, for example, through an association of ideas. The concepts of innovations and creativity occur in various fields such as industry, business, education, and art.

Conclusion:

Innovation can refer to a brand-new entity, like an invention, or the process of creating and releasing novel products. It is a frequently new product, but it can also be a brand-new process or even a fresh perspective.