innovation and information technology (it)
TRANSCRIPT
Innovation in Information Technology
Marlaina M. Love
Senior, Management Information Systems
The University of Memphis
April 21, 2016
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What Is Innovation?
The process and outcome of creating something new, which is also of value.
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Evolution of Innovation
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Evolution of Innovation
Drivers of Innovation
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Drivers for Innovation
Financial Pressures
Increased Competition
Demographic, Social & Market
Changes
Customer Expectations
Changing Economy
Apple
What Happened to Blockbuster?
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Why Is Innovation Important?
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Different Types of Innovation
Products Process Service Business Model Value Market
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Company StabilityInnovation creates growth, increases productivity, and economic wealth
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Better for LessInnovation provides better goods and services at a cheaper price
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More interesting work for employees
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ReplicationOld strategies get replicated, and consequently, margins get squeezed
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Survival
What About IT?
Higher Education
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Social Media Digital Badges
Google Glass & Wearables 3D Printing Digital
CoursewreVirtual Reality
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Healthcare
Wearable Technology 3D Printing Digestible Sensors Cloud Base - RMS
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Hospitality
• Self-Service• Concierge Service