Innovation and Information Technology (IT)

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

Thank Youwww.lovemarlaina.com

love.marlaina@outlook.com

LinkedIn.com/in/marlainalove