What is Modular Innovation?
Modern industries have made design thinking and innovations a fundamental component of their operations. One reason behind this is their ability to maintain high standards while competing with leading organizations. However, Innovation encompasses more than just the development of new products. Read on to find out everything about modular Innovation and its importance. Modular Innovation is a technique that uses either a complete redesign of a product or service or core elements of a product while leaving the links between these elements in the usual positions. It is a framework that allows data to be shared and reused across applications, enterprises, and communities. It is defined as a method of making technology improvements in product modules without necessarily changing the architecture of a product or service. Relationships between people and products, experience control, and content ownership are all part of modular Innovation. It is a combination of management and enginee...