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The combined annual spending of Big Tech (Google, Apple, Facebook, and Microsoft) on research and development is more than the gross domestic product of more than 120 companies. Many would interpret that to mean we can expect big and continued…
Digital transformation has become a critical component of many business plans to differentiate themselves in the market, or increasingly more frequently, to just stay competitive. Digital transformation brings with it benefits that include increased agility, data-based insights, improved customer satisfaction,…
Technology innovation at enterprise companies comes in two varieties: “deep tech” and “shallow tech”. Companies doing “deep tech” are adopting advanced new technologies like AI and robotics, while companies doing “shallow tech” are much more risk-averse and approach technology innovation…
‘Piracy Shock’. That’s the aftereffect that businesses go through following the loss of intellectual property (IP). Devastated by their loss, the reaction is to increase security and core business investment. Piracy actually acts as a boost to innovation, according to…
The words innovation and invention are technically synonyms of each other, but the two have actually quite distinct meanings. Invention corresponds to the creation of something new which in itself doesn’t necessarily have intrinsic value. Innovation is the adding of…