To better understand what innovation in information technology is, it’s important to know that innovation refers to a set of activities that lead us to create new tools or functions, introducing some kind of advancement in the market for the first time with the aim of improving processes.
Therefore, innovation in information technology is very promising within the fields of engineering and technology, as it provides enhanced solutions for various technological problems, not to mention the progress it brings in the development of new inventions.
Types of Technological Innovation
- Disruptive Technological Innovation: Disruptive Technological Innovation is when a comprehensive change in technology creates new value, transforming an entire market or creating a new one. It involves creating business models that target new potential revenue sources. In this way, it helps companies better enter a market and encourages them to keep growing within technological developments.
- Incremental Technological Innovation: This type of innovation involves applying a series of improvements or updates to existing products, services, processes, or methods within a market. Companies typically focus on this type of innovation because the improvements and processes are implemented gradually. Changes through incremental innovation aim to enhance the efficiency and productivity of an existing product or service. However, a downside is that this innovation does not introduce a new market since the technology being used is already known.
- Radical Technological Innovation: Radical Technological Innovation generates both new business models and novel technologies, creating new solutions and even new needs. Currently, applications of Artificial Intelligence are considered technologies that will bring radical innovations to markets, generating new business models, products, and services. Therefore, companies today use it to keep improving their processes, be more efficient, and work more automatically. This type of technological innovation is characterized by creating a foundation from which other innovations emerge, gradually leading to greater growth in the market, even globally.
The Role of IT Consulting in Innovation
Seeking IT consulting helps us complement our existing knowledge of technology and allows for better process development and improvements within our company. Its importance lies in the fact that organizations increasingly rely on information systems to carry out their daily operations. This has led to an increase in the amount of data generated and stored, requiring innovations that heavily involve the technology being used.
One of the main benefits is the approach to new markets. Once immersed in the world of technological innovation, it allows us to make better and smarter decisions, making it easier to respond to customer needs. Another current benefit within innovation is the facilitation of processes, meaning it improves the agility of a company’s activities. Another important factor within technological innovation is cost reduction. By constantly improving processes, automation increases, which leads to significant cost reductions for companies.
Therefore, it is highly recommended to adapt not only to trends but also to new technology that helps us grow and generate new professional development opportunities every day. Having the opportunity to innovate allows us to broaden our horizons.
If you’re eager to enhance your business through strategic IT advisory services, we extend a warm invitation to discover the expertise we offer. Explore the depth of our IT advisory solutions and find how we can collaborate to elevate your technology initiatives. Your next successful IT strategy might just be a click away!
- Technological Innovation: what it is, its types, and its benefits.Maestrías y Diplomados del Tecnológico de Monterrey. Retrieved April 4, 2024, from https://blog.maestriasydiplomados.tec.mx/innovacion-tecnologica-que-es-sus-tipos-y-sus-beneficios
- BeeDIGITAL. (2022, November 2). What is technological innovation and what types of innovation are there? BeeDIGITAL. https://www.beedigital.es/tendencias-digitales/que-es-innovacion-tecnologica/
- Aharonov, B. (2023, November 14). Innovation in Information Technology – Benjamin Aharonov – Medium. Medium. https://medium.com/@screege/innovaci%C3%B3n-en-tecnolog%C3%ADa-de-la-informaci%C3%B3n-2e44131a4f1f
