Innovation in Information Technology

Marlaina M. Love

Senior, Management Information Systems

The University of Memphis

April 21, 2016

MIS Lightning Talks – March 26, 2015 2

What Is Innovation?

The process and outcome of creating something new, which is also of value.

MIS Lightning Talks – March 26, 2015 3

Evolution of Innovation

4

Evolution of Innovation

Drivers of Innovation

MIS Lightning Talks – March 26, 2015 6

Drivers for Innovation

Financial Pressures

Increased Competition

Demographic, Social & Market

Changes

Customer Expectations

Changing Economy

Apple

What Happened to Blockbuster?

8

Why Is Innovation Important?

MIS Lightning Talks – March 26, 2015

Different Types of Innovation

Products Process Service Business Model Value Market

MIS Lightning Talks – March 26, 2015 11

Company StabilityInnovation creates growth, increases productivity, and economic wealth

MIS Lightning Talks – March 26, 2015 12

Better for LessInnovation provides better goods and services at a cheaper price

MIS Lightning Talks – March 26, 2015 13

More interesting work for employees

MIS Lightning Talks – March 26, 2015 14

ReplicationOld strategies get replicated, and consequently, margins get squeezed

MIS Lightning Talks – March 26, 2015 15

Survival

What About IT?

Higher Education

18

Social Media Digital Badges

Google Glass & Wearables 3D Printing Digital

CoursewreVirtual Reality

19MIS Lightning Talks – March 26, 2015

Healthcare

Wearable Technology 3D Printing Digestible Sensors Cloud Base - RMS

MIS Lightning Talks – March 26, 2015 20

Hospitality

• Self-Service• Concierge Service

Thank Youwww.lovemarlaina.com

love.marlaina@outlook.com

LinkedIn.com/in/marlainalove