What does 'technology-driven innovation' refer to in product development? 🔊
Technology-driven innovation refers to the process of leveraging new technologies to create or enhance products, services, or processes. This approach encourages organizations to adopt cutting-edge solutions, such as machine learning or automation, to improve efficiency and meet evolving customer expectations. Technology-driven innovation fosters a culture of creativity and competitiveness.
Equestions.com Team – Verified by subject-matter experts
Related Questions
What does the term "innovation cycle" refer to in product development?
The term innovation cycle refers to the continuous process of developing, implementing, and refining new ideas, products, or...
What does “innovation pipeline” refer to in product development?
The innovation pipeline refers to the structured process of developing new ideas from initial conception through to market...
What does "product development pipeline" manage in innovation?
A “product development pipeline” is crucial for managing the flow of ideas and innovations from conception to market...
What is the primary aim of "community-driven innovation" in tech?
The primary aim of community-driven innovation in tech is to harness the collective knowledge, creativity, and experiences of...
What does the term 'digital innovation' refer to in business development?
The term digital innovation refers to the use of digital technology to develop new or improved products, services,...
How does AI assist in product design and innovation?
AI assists in product design and innovation through data analysis and predictive modeling, allowing businesses to identify market...
What does “product alignment” signify in innovation strategies?
“Product alignment” signifies the strategic coherence between a company's offerings and market needs in innovation strategies. It ensures...
What does "product innovation" aim to develop in competitive markets?
Product innovation aims to develop new or improved offerings that meet evolving consumer needs and preferences in competitive...
What role does “market research” serve in product innovation?
The role of “market research” serves as a foundational element in product innovation by identifying consumer needs, preferences,...
What role does “market research” serve in product innovation?
**What role does “market research” serve in product innovation?** Market research plays a vital role in product...
How does AI influence product design and innovation?
AI influences product design and innovation by enabling a data-driven approach to understanding user preferences and market needs....
What technology framework supports test-driven development?
The technology framework that supports test-driven development (TDD) is often built around specific programming languages and tools designed...
← Previous Next →