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Questions and Answers
What is the primary purpose of RSS in the context of web 2.0?
To syndicate content
What is an example of a technology that enables users to collaborate and share information?
Wikis
What is the significance of Web 2.0 in the context of technology innovation?
It enables user-generated content and participation
What is the term used to describe the use of technology to facilitate social interactions?
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What is an example of a technology that enables knowledge transfer?
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What is the role of technology in healthcare settings?
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How does Web 2.0 technology facilitate participation?
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What is an example of a technology that enables users to browse and access information?
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What is the role of technology in facilitating knowledge transfer in healthcare settings?
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What is the significance of wikis in the context of technology innovation?
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Study Notes
Emerging Technologies and Applications
- Introduce the concept of business innovation through the adoption of modern IT/IS-based computer systems
- Evaluate the historic changes of how contemporary organizations utilize disruptive technologies today
- Understand and describe current disruptive technologies in and for the modern connected world
- Appreciate the potential value and impact to and for businesses concerning the deployment and use of ‘socialable’ technologies
Emerging Business Issues
- Generating disruptive business models
- Harnessing the creativity of employees and consumers/beneficiaries of offerings
- Nurturing regional ecosystems to best serve the market place
- Transformational innovation agenda
Innovation Environments
- Social networks and innovation
- Incremental and radical innovation
- Use and users of innovation
- Product and process innovation
Innovation Mechanisms
- Novelty in service, product, and process
- Management of complexity
- Protection of IPR
- Robust design
- Extending the range of competitive factors
- Timing and transfer across domains and context
The Cycle of Innovation
- Visualisation and identification of strategic objectives
- Creation and engagement of ideas
- Define and collect information
- Identify sources of innovation and internal creativity
- Evaluate and generate openness
- Screen and select options
- Implement with commitment and stakeholders
What is Meant by Innovation?
- Innovation is the management of all the activities involved in the process of idea generation, technology development, manufacturing, and marketing of a new (or improved) product or manufacturing process or equipment
- Innovation = Creativity + Commercialisation
- Innovation = Invention + Design + Diffusion
Types of Innovation
- Product innovation (new or improved product)
- Process innovation (new manufacturing method/technology)
- Organisation innovation (new division, business unit, or team)
- Management innovation (new management systems/philosophy)
Types of Innovation II
- Production innovation (new production planning/control method/systems)
- Commercialisation innovation (new approach to marketing/selling)
- Some large multi-national businesses who dominate their market are constantly evolving their technology and the customer has little choice but to follow (e.g. Microsoft Windows software)
Market Pull Innovation
- Businesses make huge investments in market research to determine if their products can be improved to meet an unfulfilled customer need
- Customer-driven innovation (e.g. healthier diet, genetically modified foods)
Web 2.0
- Blogs, RSS, Wikis, Social Networking, Forums, and Web 2.0
- See/hear, Collaborate, Browse, Participate, and Knowledge Transfer
Technology Innovation in Health Care Settings
- Technology innovation in healthcare settings
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Description
Learn about the role of modern IT/IS-based computer systems in business innovation and evaluate the impact of disruptive technologies on contemporary organizations.
