innovation and information technology (it)
TRANSCRIPT
Innovation in Information Technology
Marlaina M. Love
Senior, Management Information Systems
The University of Memphis
April 21, 2016
MIS Lightning Talks – March 26, 2015 2
What Is Innovation?
The process and outcome of creating something new, which is also of value.
MIS Lightning Talks – March 26, 2015 3
Evolution of Innovation
4
Evolution of Innovation
Drivers of Innovation
MIS Lightning Talks – March 26, 2015 6
Drivers for Innovation
Financial Pressures
Increased Competition
Demographic, Social & Market
Changes
Customer Expectations
Changing Economy
Apple
What Happened to Blockbuster?
8
Why Is Innovation Important?
MIS Lightning Talks – March 26, 2015
Different Types of Innovation
Products Process Service Business Model Value Market
MIS Lightning Talks – March 26, 2015 11
Company StabilityInnovation creates growth, increases productivity, and economic wealth
MIS Lightning Talks – March 26, 2015 12
Better for LessInnovation provides better goods and services at a cheaper price
MIS Lightning Talks – March 26, 2015 13
More interesting work for employees
MIS Lightning Talks – March 26, 2015 14
ReplicationOld strategies get replicated, and consequently, margins get squeezed
MIS Lightning Talks – March 26, 2015 15
Survival
What About IT?
Higher Education
18
Social Media Digital Badges
Google Glass & Wearables 3D Printing Digital
CoursewreVirtual Reality
19MIS Lightning Talks – March 26, 2015
Healthcare
Wearable Technology 3D Printing Digestible Sensors Cloud Base - RMS
MIS Lightning Talks – March 26, 2015 20
Hospitality
• Self-Service• Concierge Service
