Innovation is mainly about changing current ways of doing things. Changing things for the better. Making them efficient, easier, and faster. Causing us, the beneficiaries to do less so our time is better utilized for something unsolved.
Electricity solved the problem of being the power behind lights, locomotion, and mechanical machinery. It was an innovation that made us focus on using lights, thinking beyond movement, beyond metal cutter leth machine.
Software solved the problem of routine computations, pattern recognition, inferences, or taking certain actions that help other users of the software.
Things simplify when we innovate present methods, practices, and customs.
Innovation has the potential to disrupt what we are used to. Universal Payment Interface changed the way people banked or transacted for routine shopping experiences. At first, it looked risky, unfamiliar, and disruptive to the current way of using money. But it was innovative enough to make e-commerce possible in traditionally labor-intensive geography while moving money from bank to bank.
The alternative to innovation is the status quo. The cost of the status quo is a risk of a slow, inefficient system that can move into irrelevance quite rapidly. Being able to innovate in routine applied areas is a competitive advantage. Very few understand what innovation means. Further, few understand how to delve into it.
Comments
Post a Comment