Digital age has changed the scenario of complete business world and the current business models have replaced the traditional ones. Neck to neck competition is enforcing the business houses to innovate their products so quickly that it can sustain in the marker for long time. The whole field of innovation right from strategy innovation, new product development, creative approaches to problem solving, idea management, suggestion systems, all of these components are important. These seemingly disparate issues must be integrated into a single overarching strategy if they are to be mobilized in the quest for growth. In this new era of systemic innovation, the business firms must design its firm's innovation process holistically.
Data is the driving force behind any successful business in today's digital economy. Having an infrastructure designed to manage information as a critical business resource--to move it from its point of origin to any point of need quickly and efficiently--is imperative to support the various business demands that will emerge in the future. Innovation is the means of support of all organizations and is proving its gigantic value in allowing companies to stay viable in ever changing global markets. However, the challenge to effectively managing innovation has never been great but to meet the challenge head on, winning companies have begun to rely on robust technologies in order to supervise the entire lifecycle of innovation.
The innovation process ensures effective sourcing, prioritization and conversion of innovative ideas into substantial value for clients by using globally proven technology tolls. Companies have more data sources than ever before. Those that effectively align their data strategies with their cooperate vision are in a good position to offer innovation that can differentiate the organization from its competitors. The book attempt to plant all the ideas from various researchers all around the globe on various of management.