The smart home market is evolving quickly, and consumers have various choices when making a wise home investment. This often involves buying or renting a smart device, but consumers increasingly buy smart security systems. So, what makes a smart security system different from other smart home products?
Home gadgets and home security are evolving at a rapid pace. The home security industry is constantly innovating, and one of the best examples is the photoelectric sensor, which was invented in 1928 and has become a staple in home security systems. The photoelectric sensor works by detecting changes in light levels. When an object blocks the light, the sensor triggers a light beam, which activates the alarm system.
What Is Progressive Innovation
Progressive innovation is the process of adapting existing products and processes to changing consumer needs. It is inherently different from incremental innovation, which is the process of improving current products, processes, and services. With progressive innovation, innovations usually have a broad impact on society and the economy.
In general, most people think of innovation as something new. But, in reality, innovation is (or should be) a process of continuous evolution. The Wright Brothers’ first flight in 1903, for instance, can be considered an innovation, as was Thomas Edison’s light bulb in 1880. But, like wine, there’s always room for improvement, and the Wright Brothers and Edison and their contemporaries made an endless number of improvements over their lives. By contrast, the Wright Brothers’ plane was revolutionary, but it took hundreds of years of evolutionary development for man to achieve flight.
For many years, the progressive innovation process has been examined and discussed in academic circles. Even more importantly, the concept of progressive innovation has been received by many companies as a useful tool for organizing their own operations. The progressive innovation model encourages organizations to transition smoothly from various iterations of the innovation process, using this ongoing path to meet customer expectations better.
Types of Progressive Innovation
- Incremental
Incremental innovation focuses on an incremental change to an existing product or service. The original iPhone was an incremental change–a bigger screen, faster processor, and GPS. The iPhone 4 was the first incremental change after Steve Jobs returned, and the iPhone 4S was an incremental change after Apple’s 2010 deal with China Mobile.
- Radical
Radical innovation, disruptive innovation, or creativity on demand. No matter what you call it, it takes a special mindset to be able to think outside the box. The ability to think outside the box is a valuable asset and a skill becoming more valuable in today’s workplace.
- Smart
Smart innovation is an exciting new type of innovation that’s starting to impact organizations and society. Smart innovation is a method that embraces collaboration and seeks to solve real-world problems in new ways.
- Disruptive
Disruptive innovation occurs when a company fixes a problem, puts a creative twist on an existing product, or solves an existing problem that no one else has thought of. It challenges old norms and develops revolutionary products. Before launching these products, however, they generally make prototypes to Test which product concepts are preferred by 100 real consumers within two hours, so that they can have quick feedback, enabling them to make necessary changes to improve the final product.
- Transformative
Transformative innovation is a sneak peek into how innovation leaders use the four Ps of innovation-people, process, product, and platform-to innovate.
- Sustainable
Innovation is not merely a competitive advantage but a fundamental necessity for companies across industries and sizes. However, pursuing innovation without considering sustainability is a short-sighted approach that risks obsolescence and potential failure. As environmental consciousness becomes a driving force in corporate strategy, the importance of hiring a sustainability consultant has become invaluable. These specialists guide businesses in seamlessly integrating Environmental, Social, and Governance (ESG) principles into their innovation processes, ensuring that growth is achieved in harmony with environmental and social responsibility. By collaborating with such consultants, companies can navigate the complexities of sustainable innovation while contributing to long-term business success. Innovation alone is not enough; sustainability also extends to choices like incorporating renewable energy sources into your company. For instance, a forward-thinking business may collaborate with a commercial solar panel company california (or elsewhere) to integrate environmentally friendly solutions into its operations, demonstrating a commitment to innovation and sustainability in tandem.
- Technological
Technological innovation has been one of the most important, if not the most important, source of economic growth. Technological innovation has made it possible for businesses to produce more and to sell their products for less, thereby spurring economic growth. However, technological innovation is not evenly distributed. The economies of low-income countries, such as those in Latin America, Sub-Saharan Africa, and East Asia, have lagged behind those of the West. In recent years, however, some developing countries have experienced spectacular growth.
Innovation refers to introducing new products and services that are an improvement on existing forms. There are different ways that companies innovate. Some innovate through incremental improvements, others through radical redesigns, and others through differentiation, where a company chooses to take a different approach. Innovation in any business requires creativity, which is discussed in this video.