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What is Digital Innovation (DI)

Chapter 7
Encyclopedia of Organizational Knowledge, Administration, and Technology
The DI is the application of new technologies to existing problems or practices. The process is ongoing, but it can be better understood as taking place in waves, with each way propelled by advancements in technology.
Published in Chapter:
Financing Digital Innovation for Sustainable Development
Danilo Piaggesi (Knowledge for Development (K4D), USA) and Helena Landazuri (Knowledge for Development (K4D), USA)
Copyright: © 2021 |Pages: 15
DOI: 10.4018/978-1-7998-3473-1.ch007
Abstract
SDG 17 pursues capacity building through access to data, information and knowledge to support decision-making and oversight. Such guidelines embrace the economic viability and sustainability attributes that innovation must have to be called such, in the field of promoting digital innovation. Those guidelines provide a clear path to streamline efforts in this area by directing support to three crucial areas: (1) developing a market for digital innovation products and services; (2) supporting initiatives to bring about new and more efficient business models and processes; and (3) providing focused support to the generation of innovative products and services. To achieve these ends, it is proposed to establish adequate mechanisms to provide technical and financial support in each one of those areas, utilizing partners and collaboration mechanisms.
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