The Votes Are In!
2023 Readers' Choice is back, bigger and better than ever!
View Winners → 
Home / Impact / Innovation /
How Trends In Innovation Are Evolving Companies
Innovation Oct 12, 2020
by
share with
The modern company is a lot different than its earlier predecessors. Innovation has changed how companies are organized, products are developed and teams are led . All of this has been done for the better, with companies becoming more efficient and far-reaching than ever. Innovation itself is being innovated. These five innovation trends are especially worth noting, as they are transforming the business landscape as we know it: 1. Digital Differentiation Is the New Normal EY Global Chief Innovation Officer Jeff Wong talks about the importance of companies doubling down on their investments in technology. “Now is the time for CEOs to prioritize finding the capital to accelerate investments in digital transformation that show value today and differentiate their organizations tomorrow,” Wong explains. Wong brought this up at the peak of the Covid-19 pandemic. He emphasized that some companies had digitally differentiated themselves, while others had let old models decay. Those with the technology to maintain operations and take care of their employees came out on top. Those that didn’t thrive during the pandemic will follow their lead. 2. World Events Are Driving Consumer–and Corporate–Behavior Consumer behavior dictates how companies innovate and evolve. Companies can’t exist without making profits, […]
More from Innovation
