Digital innovationInnovation is a process by which a domain, a product, or a service is renewed and brought up to date by applying new processes, introducing... is the application and adoption of digital technologies in a strategic manner to improve business operations, create novel products or services, enhance customer interactions, and meet evolving market demands.
It’s essentially a systemic overhaul that disrupts traditional methods and fosters competitive differentiation. Ideas such as digital transformation and digitisation are closely related to the concept of digital innovation.
Digital innovation is facilitated by advanced technologies, including artificial intelligence (AI)Artificial intelligence (AI) is the intelligence of machines or software, as opposed to the intelligence of humans or animals. It is also the field of study..., big data analytics, and cloud computing. It uses these technological resources to discover new opportunities and fuel growth for businesses or organizations, focusing on makingThe process of making or producing something. The making of meaning is a decisively integral component of art-making. Meaning-making in relation to the creation of... the most of the toolsA physical item used to achieve a goal. A fashion designer might use a needle and tailors dummy, a jeweller might use a clamp and... and systemsA set of interacting or interdependent components forming an integrated whole already in place.