What is it innovation?

IT innovations

What is IT innovation?

What is IT innovation?

Information technology (IT) innovation in an enterprise involves using technology in new ways to create a more efficient organization and improve alignment between technology initiatives and business goals.

IT innovation can take many forms. For instance, it can turn business processes into automated IT functions, develop applications that open new markets, or implement desktop virtualization to increase manageability and cut hardware costs.

IT innovation in the enterprise

IT innovation in the enterprise

Many companies, including startups, try to institutionalize the process of innovation by creating innovation teams from diverse segments of the company. This is commonly termed innovation management.

It ensures sustainable, long-term growth of innovation capability. Other firms rely on individual employees to flourish in an environment where innovation is encouraged.

The Wheel

The Wheel

Invented around 4000 BCE, the wheel is one of the earliest recorded innovations. While it’s often forgotten as an innovative product, it continues to have an impact. Its inventive design addressed a common pain point around moving multiple heavy objects at once. The result was a circular frame that allows users to transport many heavy items in a short time. Its significance is still felt today and has led to additional breakthroughs, such as carriages and today’s more modern transportation methods

The Printing Press

The Printing Press

Your favorite book or magazine wouldn’t exist without the printing press. This breakthrough in technology was novel and useful in that it allowed for the mass production of written documents. It solved an explicit pain point in document production: time consumption and tediousness. Creating a product that eliminated the handwriting element transformed the publishing world by making the process easier and quicker

The Lightbulb

The Lightbulb

Although there’s some debate on who invented the lightbulb, no one denies its significance. It’s a great example of an innovative product that solved both explicit and latent pain points. Before lightbulbs, products like lanterns and oil lamps produced light but made houses more susceptible to fires. At the time, these accidents were accepted as a necessary risk until innovation showed people otherwise.

Automobiles

Automobiles

Tesla founder and CEO Elon Musk wouldn’t be the business mogul he is today without the initial innovation of motorized automobiles. The automobile’s invention in 1886 kickstarted a major evolution in technology by focusing on the transportation landscape’s challenges, such as fatigue from walking or bicycling and caring for horses that pulled carriages. Today, horse-drawn carriages are nearly obsolete beyond tourist attractions and services.

Computers

Computers

Computers have completely changed everyday life. Since their humble beginnings of automating mathematical equations, computers have progressed and evolved according to users’ ever-changing pain points. For example, computers were originally enormous, spanning nearly 50 feet long and weighing almost five tons. Over time, their size and portability have reduced from desktop computers to laptops and smartphones.

Cellular Phones

Cellular Phones

While cellular phones also evolved, they initially solved a specific problem for phone users: landlines weren’t portable. People were tethered to house phones, beepers, and phone booths if they wanted to receive a call. Cellular phones allowed users to take calls from anywhere. As more consumers bought cellular phones, this product began to solve latent pain points about safety outside the house and emergency contacting.

The Internet

The Internet

The internet is such a widely used product, it’s hard to imagine a world without it. In this way, it may be the most successful modern innovation. It was originally based on the expression “information at your fingertips.” Although limited information was accessible to those with a library card, basic cable, and a newspaper subscription, there was still the inconvenience of waiting for information. The internet solved this latent pain point by becoming a vast hub of instantaneous knowledge and information.

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