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Technological innovation is the process where an organization (or a group of people working outside a structured organization) embarks in a journey where the importance of technology as a source of innovation has been identified as a critical success factor for increased market competitiveness. [2]
Emerging technology Status Potential applications Related articles Active structure: Research, development, commercialization Adaptive structures that respond to different conditions, or supermassive buildings and infrastructure (e.g. space fountains)
In order to stimulate innovation, it is usually necessary to create artificial (niche) markets. The Market Formation function involves activities that contribute to the creation of a demand for the emerging technology, for example by financially supporting the use of the emerging technology, or by taxing the use of competing technologies.
Technology meant the IT department kept the lights on and ensured that point-of-sale data was successfully received from the stores and processed. And tech innovation equated to deploying a data ...
Science fiction has often affected innovation and new technology by presenting creative, intriguing possibilities for technological advancement. For example, many rocketry pioneers were inspired by science fiction. [42] The documentary How William Shatner Changed the World describes a number of examples of imagined technologies that became real.
Radical innovation: "establishes a new dominant design and, hence, a new set of core design concepts embodied in components that are linked together in a new architecture." (p. 11) [28] Incremental innovation: "refines and extends an established design. Improvement occurs in individual components, but the underlying core design concepts, and ...