Article : Innovation Model For Smart Products And Services: A 3-Dimensional Innovation Model For Business Impact

Title

Innovation Model For Smart Products And Services: A 3-Dimensional Innovation Model For Business Impact

Author

Sudeendra Thirtha Koushik K. S.

 Any Smart product or service will be a combination of innovation and value. Any organization, pursuing to provide a smart product or service needs to ensure that it is unique, and can create a positive impact to the business and stake holders. Such a smart product or service is the result of some innovation done by the development teams inside or outside the company. To be more predictable in such a product or service development, some emphasis on key parameters of innovation is needed. This paper discussed the 3 dimensions along which an innovative smart product or service can be developed. This can also help focused innovation based on the capabilities of the organization and predictable results can be achieved. 

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