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Innovation  and emerging technologies Innovation  and emerging technologies

Innovation and emerging technologies - PowerPoint Presentation

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Innovation and emerging technologies - PPT Presentation

1 What is innovation Practitioner guide 1 What is innovation 2 Introduction and overview These resources help practitioners to deliver innovation and emerging technologies components of engineering and manufacturingrelated qualifications at levels 2 and 3 ID: 1027860

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1. Innovation and emerging technologies1. What is innovation?

2. Practitionerguide1. What is innovation?2

3. Introduction and overviewThese resources help practitioners to deliver innovation and emerging technologies components of engineering and manufacturing-related qualifications at levels 2 and 3. They introduce the topic and stimulate learners to explore and reflect on key concepts and are designed to complement and enhance practitioners’ own lesson materials and schemes of work.Resources summaryThey help learners to review and reinforce their current knowledge of innovation and explore the factors required for innovation to happen. Level 2 activity sheets, once completed by the learners, can then be used within other topics for reference. The Level 3 resources help learners to develop a more complex understanding of innovation and identify situations where innovation can be used and how it has made an impact. The resources then help learners to identify issues relating to ethics and innovation.Resource nameLevelPPT slides + notes - practitionerPPT slides - learnerActivity sheetsFilmInteractive1. What is innovation?23DeliveryDelivery suggestions for practitioners are under each slide. The core activity ideas for each resource provide approximately 60 mins of learning time, though additional suggestions, including independent learning, can extend this time significantly. Overarching theme/big questionsWhat is innovation and what makes innovation possible?How can innovation make a difference to our lives? Impacts on industry, work and future lifestyles.How can innovation change the nature of employment, climate and environment?Do ethics play a part in innovation?OverviewThe Level 2 resources provide a bridge between Level 2 and Level 3. They help learners to review and reinforce their current knowledge of innovation and explore the factors required for innovation to happen. 1. What is innovation? | Practitioner guide3

4. Learning outcomes and resource linksLevel 2 resourceWhat is innovation?Use your own examples to develop a definition of innovation.Explain the different types of innovation and the elements needed for innovation to happen.Explain the difference between market pull and technology push influences on innovation.Apply your understanding of innovation to other topic areas and highlight reasons for/when innovation takes place in a product or system.Full resource list available for the topic of Innovation and emerging technologies:1. What is innovation? (Level 2)2. Innovation and change (Level 3)Links to other supported topicsInnovation and emerging technologies is included in all other topics in this series: Battery technologies, CNC machinery, Electrical machines, Engineering materials, Microcontroller systems, Renewable energy, Robotics, Sustainability.41. What is innovation? | Practitioner guide

5. Subject coverageInnovationUnderstanding innovationFactors associated with innovationMarket pull v technology pushTypes of innovation and the elements involvedInnovation and collaborationEmerging technologies such as artificial intelligence (AI), virtual reality (VR), internet of things (IoT), augmented reality (AR), cloud/big data, roboticsIncluding careersThe effects of market change and innovation on jobs and career paths51. What is innovation? | Practitioner guide

6. 1. What is innovation?6

7. Learning outcomesYou will be able to:Use your own examples to develop a definition of innovation.Explain the different types of innovation and the elements needed for innovation to happen.Explain the difference between market pull and technology push influences on innovation.Apply your understanding of innovation to other topic areas and highlight reasons for/when innovation takes place in a product or system.71. What is innovation?

8. What is innovation?Identify five modern innovations you think will shape your future.Use your examples to write a definition of innovation.Humanity has innovated throughout our history.Our modern world is the result of these innovations.Today’s innovations will shape our future.81. What is innovation?

9. What is innovation?Innovation turns ideas into improved products and services that help a business to differentiate itself from and advance ahead of competitors. It creates new value.Innovation is both a process and an outcome.91. What is innovation? Do all innovations have the same impact or can we classify innovations into different types?

10. Types of innovationWe can classify innovations according to how different the innovation is from current technology and how much this changes the business or the market it operates in.The chart shows four types of innovation: disruptiveincrementalradicalsustaining.Significant improvements that retain the business’s position in an existing market.New technologies that displace established businesses or products to create new value and a new market.Gradual improvements to a business’s existing products and services.Technical breakthroughs that transform industries, sometimes creating a new market.Newness of technology10LowLowHighHighImpact on the market1. What is innovation? Label each type of innovation with the correct name.Suggest one example of each type. Give reasons for your choices.

11. Types of innovationOver time one type of innovation may evolve into another.SustainingApple A15 phone chip: sustains Apple’s dominant position.DisruptiveNetflix introduced streaming, transforming how people consume film and TV content.IncrementalOLED TVs improve an existing product but don’t grow the market for TVs.RadicalPersonal computers: a new technology but at first had a limited uptake.Newness of technology11LowLowHighHighImpact on the market1. What is innovation? Draw arrows on your diagram to show how some innovations my evolve over time into another type.Use your answer to explain why one form of innovation could be considered most important for a company.Innovation should form part of a company’s working culture. What processes do you think need to take place for innovation to happen?

12. Elements of innovationCollaborationIdeationImplementationValue creationThese four elements are essential for innovation to happen. They are a critical part of a business’s innovation strategy: its roadmap for how it will turn ideas into new products and new value for its customers.Work well togetherTeamworkCross-disciplinary workShared visionDeliver great productsDesignQuality and consistencyPrice Generate lots of good ideasCreativityPrototypingTestingDeliver real benefits and improvementsFor customersFor the company (including profit)121. What is innovation? Do you think these elements happen sequentially, simultaneously or a combination?How might different engineering careers contribute to innovation?

13. Elements of innovationCollaborationSalesDesignProductionIdeationSalesDesignImplementationProduction designProduction managementQuality controlValue creationCustomersCompanyCustomer feedback is essentialIdeation relies on strong collaboration both within the business and with its external customers or partners.131. What is innovation? How might a company’s R&D staff influence innovation in a different way to how customers might influence the process, playing different roles in how new technology makes it to the market?

14. Market pull versus technology pushInnovation is a dynamic process.It can be driven by opportunities or existing capabilities.Market pullInnovations happen due to customer demand.Customer opportunities drive innovation.141. What is innovation? Technology pushInnovations happen when applications are found for existing technologies.R&D capabilities drive innovation.Identify two advantages and two disadvantages of market-pull and technology-push innovation.

15. Market pull versus technology pushMarket pullCustomer opportunities drive innovation.Technology pushR&D capabilities drive innovation.AdvantagesDisadvantagesKnown demand, making a successful product more likely.Development may be cheaper.Open to competitors who will have the same market information.Risk of ‘me too’ products.More likely to lead to radical or disruptive innovation.IP protection can stop competitors entering the market. Higher risk as success is harder to predict.Development may be more expensive.151. What is innovation?

16. Innovations that will shape your futureAt the start you were asked to name five examples of modern innovations that may shape your future. How many of these did you mention?Generate ideas for how each example may shape your personal life and your future as an engineer.Which are the most innovative companies today, and why? Discuss and justify your ideas.Artificial intelligence (AI) Virtual reality (VR)Internet of things (IoT)Augmented reality (AR)Robotics161. What is innovation?