Innovation Fundamentals
What is product innovation?
Creating or improving products to deliver new value to customers.
What is the first stage of design thinking?
Empathize.
What does IoT stand for?
Internet of Things.
Name one type of innovation.
Radical, Incremental, or Disruptive .
What happens in the define stage?
Identifying and clearly stating the problem.
How does data support innovation?
By providing insights for better decisions and improvements.
What is the difference between innovation and invention?
Invention creates something new; innovation brings it to market successfully.
What happens in the ideate stage?
Generating multiple creative ideas.
Which technology is used for personalization?
Artificial Intelligence (AI).
What determines the success of innovation?
Customer adoption and delivered value.
Why is testing important?
To get user feedback and improve the solution.
What is the role of cloud computing?
It enables scalability, storage, and fast deployment.