Pankaj Deshpande

Innovation is the fuel that runs the engine of any industry. Like any other industry, innovation is extremely important in the design industry as well. Technological innovation in the design industry is the modifications, computer advancements, and creativity to gain business innovation. Innovation design's sole purpose is to devise a technologically viable design, feasible business strategy, and gain value in the market. We see innovation in design in almost every website we use, like the website or every game we play. It is observed in card games like the Potato pirates and many more. With innovation by its side, the design industry has seen a boom in its growth and creativity. The importance of innovation in design could be highlighted from the following points: Creative Structure of a Product  The design industry is aimed at forming the structure and focus of a product. These two qualities of focus and structure need innovation to be unique and feasible. Without technological i...

Everyone in their businesses desires positive change. Business innovation refers to the process in which new practices, new services, new technology are introduced to grow a business. Technological innovation is being emphasised across the globe to flourish one's own business. 84% of executives have already realised the significance of innovation in their growth strategy, according to a survey by McKinsey. The following points will justify how innovation can help your business to grow- Improvement in sales  Companies that use an innovative model for targeting audience using customised strategies are more trending and captivates the interest of customers. Ads will channelise more consumers to the company; sales of a company are likely to increase. More the revenue more will be the profit.  Reduction in wastes and costs Technological innovation is done with the purpose to be environment-friendly, and with the environmentally friendly procedure, the wastage is likely to be reduce...

Today, many big MNCs have set new trends to introduce various innovative ideas, which has helped those companies reach a new height of success. Innovation Thinking basically includes the usage of unique concepts to implement or introduce new products by making them more efficient. According to various studies, it was concluded that nearly 90% of businesses innovation is important in many ways for the business-like for: Creative Development Reinforcing the brand Responding to the trends and competition Continuous Improvement Just like a human needs the backbone to support the human body; similarly, team innovation is also needed to support the business and also for its success. Innovation Thinking helps a business in preparing for hidden opportunities or threats, identifying loopholes and taking advantage for business to grow, and many more. Now that it is clear that innovative thinking does help in real, so mentioned below are the ways to promote and encourage innovative thinking in th...

The rising population and the advancement of technology to create sleek products have given rise to a new methodology and named it Design Thinking. The process of design thinking involves observing the priorities of consumer's needs and challenges and applies a creative approach to come up with innovative solutions to make the user's experience elegant. The concept of design thinking is highly crucial in various complex systems because: It aims at solving the concrete human demands. It tackles difficulties that are complex to define. It accompanies more ingenious solutions. It makes organizations run more efficiently. So, to make it easy, we have mentioned design thinking ways to make it easy to improve organizational culture. These are - Creates a Culture of Collaboration : The design thinking process motivates open collaborations. Instead of keeping everything in one hand, design thinking turns the table of organizational culture table towards the ideology of one that encoura...

Technological innovation is the arena which helps a company to grow. According to GE Global Innovation Barometer 2018 report, across the globe in accordance with business executives, 40% of innovations over the last 5 years had an extremely positive impact on bottom lines of their business. Thus, business innovation is an intrinsic component of an organization that is essential to maximize an organization's potential. Therefore, we have mentioned the top ten technological innovations for organizations, which are -  Blockchain Technology The blockchain technology refers to technology related to cryptocurrencies like the bitcoin. It is a very secure option as the existing data could not be changed; it could only be added to. No one can control entire data in a blockchain; it is consensus-driven. Internet of Things It is the future of technology, as it enables the connection of different devices and the exchange of data over the internet. It enables better efficiency, security and dec...

Innovation and technology are the bridge between a company and its development. According to McKinsey's survey, the importance of innovation in their growth strategy is realized by 84% of the executives. In today's world, where businesses cut-throat competition is on fleek, an innovation strategy gains increased importance to accelerate the growth of the company. The ultimate way to survive and thrive a business company in this digital world is by adaptation, which is possible through innovation.  Innovation strategies that a business should follow to transform itself into a brand are: Focus on Artificial Intelligence Artificial intelligence is an innovation strategy on which a company could rely in the future. It holds huge potential to revolutionize how a company carries out its proceedings. According to a study by Accenture, artificial intelligence holds the ability to accelerate a company's productivity by 40%. Artificial intelligence can lead to better decision making...

  Once upon a time, while mankind was slowly discovering its inherent capability to evolve, many miracles came to light. Since then, human beings have been balancing their beliefs between laws of nature and some of Einstein’s. While the world has seen a million years and more, mankind is yet to adapt fully and freely, its natural instinct of innovation. From nursery to business schools, It has always been valued as an ‘added advantage’. Unaware of the inherent capability of human beings, innovation longed for many years to be loved by us. As the era of technology came in, science took over the conversation to an ‘intellectuals only’ level, leaving the regular crowd away. But it is said that innovation’s story goes way back to the  forbidden fruit . An apple introduced us to thinking, while another is still showing us how to ‘Think Different’. The world has witnessed the wave of innovation in all phases through a progressive relationship. And look’s like now it’s trying to win...