Management of Digital Innovation

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Author(s): Saurabh Tiwari (University of Petroleum and Energy Studies, India)and Totakura Bangar Raju (University of Petroleum and Energy Studies, India)
Copyright: 2022
Pages: 22
Source title: Promoting Inclusivity and Diversity Through Internet of Things in Organizational Settings
Source Author(s)/Editor(s): Gurinder Singh (Amity University, Noida, India), Vikas Garg (Amity University, Noida, India)and Richa Goel (Amity University, Noida, India)
DOI: 10.4018/978-1-6684-5575-3.ch007

Keywords: Business Science Reference / Gender & Diversity / Human Aspects of Business / Medicine & Healthcare

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Abstract

Digital technologies are putting tremendous pressure on businesses to renew and transform their business models. The transformation of business models using digital technologies will lead the businesses to innovate themselves digitally. To improve operational efficiency, customer engagement, and launch successful new products, every organization must innovate. The application of new digital technologies to solve existing business problems and improve organizational practices is known as digital innovation. Digital innovation has become critical to the long-term viability and growth of businesses. To stay relevant and competitive, any company aiming for long-term success should embrace digital innovation. This chapter tries to find out the existing definitions of digital innovation from socio-technical perspectives regarding product, service, process, digital system, organizational innovation, and business models and tries to develop a framework to organize digital innovation research.

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