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Welcome to the I Can't Sleep Podcast, where I help you learn a little and sleep a lot.

I'm your host, Benjamin Boster, and tonight let's fall asleep learning about innovation.

Innovation is the practical implementation of ideas that result in the introduction of new

goods or services or improvement in offering goods or services.

ISO TC 279 and the standard ISO 56,000 2020, defines innovation as a new or changed entity,

realizing or redistributing value. Others have different definitions.

A common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies.

Innovation often takes place through the development of more effective products, processes,

services, technologies, artworks, or business models that innovators make available to markets, governments, and society.

Innovation is related to, but not the same as invention.

Innovation is more apt to involve the practical implementation of an invention, i.e. new

improved ability, to make a meaningful impact in a market or society, and not all innovations

require a new invention.

Technical innovation often manifests itself via the engineering process

when the problem being solved is of a technical

or scientific nature.

The opposite of innovation is ex-novation.

Surveys of the literature on innovation have found a variety of definitions.

In 2009, Berege at all, found around 60 definitions in different scientific papers, while a 2014 survey found over 40.

Based on their survey, Berege at all attempted to formulate a multidisciplinary definition

and arrived at the following.

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