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Integration of Blockchain Technology and Intelligent System for Potential Technologies
Published in Keshav Kaushik, Shubham Tayal, Susheela Dahiya, Ayodeji Olalekan Salau, Sustainable and Advanced Applications of Blockchain in Smart Computational Technologies, 2023
Manish Thakral, Rishi Raj Singh, Keshav Kaushik
In recent years, digital currencies like bitcoin, blockchain, and artificial intelligence (AI) have become increasingly well known due to their crucial roles in technological innovation and industrial change. In 1959, the Harvard Society presented an idea on AI known as the E-chain, which was created by the Harvard Institute of Technology [1]. AI is a technology that aims to simulate, extend, and enhance human intelligence. A definition of AI is as follows: machine learning advances have opened up the way for developing AI at an accelerated pace, which is expected to continue in the future. AI is particularly helpful in these multiple sectors since it facilitates a more informed decision-making process, especially in situations of analysing, predicting, and assessing situations. Blockchain technology, which was introduced by Satoshi Nakamoto when bitcoin was created, has existed for a long time [2]. Consider the notion of blockchain as similar to the notion of a distributed ledger as we think of an E-chain. When several entities engage with each other without a trusted third-party present to facilitate agreement, a decentralised consensus process can be utilised. Using blockchain technology in an untrusted distributed system allows for generating and verifying transactions at a lower cost than conventional methods, which is beneficial. Academics and researchers increasingly pay attention to blockchain technology for precisely this reason [3] (Figure 6.1).
Total Innovative Management: The Integration of Innovation, Management Quality, and Adaptive Learning
Published in Martin Stein, Frank Voehl, SM Management, 2020
Innovation is the process of creating something new that has significant value to an individual, group, organization, industry, or society. In other words, an innovation is a creation that has significant value. Innovation is how a firm makes money from its creativity. To do so, a firm needs to distinguish between ideas as being original or creative. Original ideas just aren’t enough. The ideas generated must have the potential for significant value, thereby becoming innovations. Organizations will not be as effective or efficient as they should be if they cannot innovate. Solving problems and pursuing opportunities requires solutions, many of which are unique to the specific situation.14
New Product Development
Published in Titus De Silva, Integrating Business Management Processes, 2020
Innovation is the process of transforming an idea or invention into a product or service that adds value or for which the customer will pay. The idea must be capable of being produced at an economical cost and must satisfy the specific needs of customers. It involves the application of information, imagination and initiative in delivering a better product or a product with different values. Often in the business sector, innovation results when new ideas are applied to further satisfy the needs and expectations of customers. Innovation facilitates alliance creation, joint-venturing and the creation of buyers’ purchasing power (Business Dictionary, n.d.). There are two broad categories of innovation: Evolutionary innovation: Continuous or dynamic innovation made possible by several incremental advances in technology or processes.Revolutionary innovation: Discontinuous innovation, which is often disruptive and new. For example, in the 2000s cathode ray tube (CRT) TVs were replaced with improved image quality LCD screens.
Responsible impact and the reinforcement of responsible innovation in the public sector ecosystem: cases of digital health innovation
Published in Journal of Responsible Innovation, 2023
Bernard Naughton, Sue Dopson, Tatiana Iakovleva
Considering the rapid growth of digital innovation, and societies growing sustainability concerns there is increasing pressure on public sector ecosystems i.e. academics, innovative researchers, public organisations and private companies with close ties to public organisations, to be responsible as depicted by Scherer and Palazzo (2007 & 2011). There is also pressure on firms to be responsible from activists as discussed by Waldron et al. (n.d.). Empirically, there have been recent advances in digital healthcare innovation, including artificial intelligence, machine learning, drones in healthcare delivery, and blockchain technology. These innovations, alongside the changing role of healthcare users, have furthered calls for Responsible Innovation (RI) practice in the digital healthcare context (Iakovleva, Oftedal, and Bessant 2021). These calls include a ‘Hippocratic Digital Oath’ which encourages scientists to take a vow of responsibility when innovating as described by Harrison (n.d.) and Sutcliffe (n.d.).
MedTech innovation across the life course – the importance of users and usability
Published in Journal of Medical Engineering & Technology, 2022
Wendy B. Tindale, Paul Dimitri
In February 2021, the NHS Accelerated Access Collaborative (AAC) and the UK Care Quality Commission (CQC) published a set of six evidence-based principles (“Developing a shared view: Enabling innovation and adoption in health and social care”) [15] that are crucial for health and care providers to be effective at adopting innovation. The principles, which clearly emphasise the important role of users, are:Develop and deploy innovation with the people that will use them.Develop a culture where innovation can happen.Supporting people.Adopt the best ideas and share leaning.Focus on outcomes and impact.Be flexible when managing change.
Urban experience and design contemporary perspectives on improving the public realm
Published in Journal of Urban Design, 2021
The editors and authors tell us that architecture and urban design must give people what they want, what they are comfortable with and what evolution has primed them to seek and appreciate. That message is likely to be received with some ambivalence in most schools of environmental design and in many professional associations. Together, these have built a culture of excellence in which innovation and experimentation are rewarded. Of course, excellence, innovation and experimentation are possible under the proposed science-based neotraditional approach. But contemporary architectural culture does reward individuals who push boundaries, make us question established ways of doing and even challenge our senses and our sense of self. When Robert Venturi railed against modernist architecture, he did so by comparing its simplistic designs with the complex designs of great architecture from the past, but he also demonstrated that great architecture is ambiguous and contradictory in its forms, that it breaks traditional principles and contradicts established formulas.