An Innovation Improves:
- The Quality of a “thing”
- The Efficiency of a “thing”
- The Value of a “thing”
- The Effectiveness of a “thing”
An Innovation has:
- A benefit
- Fulfills a need
- Solves a problem
And to this may I add that an Innovation is
- The implementation of one or more ideas
- May have a business benefit
- May have a social benefit
- May have the effect to disrupt an existing process or product or service
- May render some jobs homeless and give birth to new jobs
- May require new skills
Someone created an ontology as a starting point so that we can discuss about the “thing” (which currently seems points to some resource in dbpedia).
And here is a copy of the overview
Here is a link to the Ontology of Innovation (a bit geeky).