Innovation can be defined simply as a “new idea, device or method”. However, innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs .This is accomplished through more
effective products, processes, services, technologies, or Business models that are readily available to markets, governments and society.
1. Machine Learning :
Machine learning has taken some massive strides forward in the past few years, even emerging to assist and enhance Google’s core search engine algorithm. But again, we’ve only seen it in a limited range of applications.
2. Automation :
Marketers will be (mostly) pleased to learn that automation will become a bigger mainstay in and throughout 2017, with advanced technology enabling the automation of previously human-exclusive tasks.
3. Physical-Digital Integrations :
Mobile devices have been slowly adding technology into our daily lives. It’s rare to see anyone without a smartphone at any given time, giving us access to practically infinite information in the real-world.
4. Everything On-Demand :
Thanks to brands like Uber (and the resulting madness of startups built on the premise of being the “Uber of ____”), people are getting used to having everything on demand via phone apps.
5. Artificial Intelligence :
With the help of AI developers will be able to find out efficient and improved functionality for their projects. In 2017 developers will work diligently to figure out how they can use AI for their existing apps and products to improve their functionality and performance. SIRI will not work for their development projects and AI will work very efficiently to find out the top layered business apps.
6. Humanized Big Data :
Big Data is generally used for solving number of problems either in health sector, public sector, private sector. It plays a big role in predictions of data to find out the causes of malaria, To find out the data about climate and temperature due to data analytic crime team is able to cut the cutting of criminals.
7. Capability-based Security :
The greatest single problem of every company and virtually every individual in this cyber world is security. The number of hacks rises exponentially every year, and no one’s data is safe. Finding a “better way” in the security world is golden.
Innovation is one of the hottest topics in business these days. More and more, companies are coming out with new products and services designed to amaze their customers and get them to dig deeper into their pocketbooks. Only problem is, most of what passes for innovation these days doesn’t stand out as very new, different or compelling. As a result, most innovation efforts are lucky to pay for themselves, much less actually turn a profit.
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