In this lesson, you’ll understand the formal definition of digital innovation and the three key elements that define it. We’ll examine how new ideas enabled by IT create significant change and address unmet organisational or societal needs.
We’ll break down the fundamentals, including:
- What Digital Innovation Is: A new idea, significant change enabled by IT, and solving an unmet need.
- Keywords to Remember: The three essential terms associated with digital innovation.
- Examples: The evolution of camera technology and mobile banking as practical examples.
Benefits of this Lesson:
- Learn the definition: Understand when a product, process, or business model qualifies as digital innovation.
- Remember three keywords: New idea + Significant change enabled by IT + Unmet organisational/societal need.
- Apply real-world examples: See how mobile banking in Africa and India exemplifies true digital innovation.
