I’m working on a data analytics multi-part question and need an explanation to help me study.
Data can become information and from information knowledge may be derived, if we know how to generate it. Based on your recent reviews of the news media where such terms like Big Data, Â Data Mining and Knowledge Discovery may be found, you may have noticed that information and knowledge drive change in business competitiveness, technological advancement and innovation. Based on what you have learned so far about innovation and how it happens, explore the role that information and knowledge driven technologies play in innovation. Discuss your thoughts on following Â questions
- What is important to an organization to remain or become competitive?
- What are the forces that drive change and encourage innovation?
- What among these things specifically drives a given organization into innovation?
Support your thoughts and ideas with references from relevant articles in the news media and/or the Web.Â
The systems design and development process is what turns new technology into new or updated technology based products and solutions. In special cases new technologies become disruptive in nature for certain technology application areas where they become game changers for the technology providers and for the end-users. Disruptive technologies change the way we do things forever. In doing so, they impact our lives in totally unexpected ways and when that happens we have achieved innovation.
Using the ideas you presented in the previous discussion:
- Describe how you would use them to plan for innovation.
- Explain how they could become game-changers.
- Provide a visionary scenario for how these ideas can change people’s lives.