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BY JAYESH DOSI
Institute of Engineering and Technology (IET), DAVV
THE NEW PATTERN
OF 
INNOVATION
OVERVIEW
This article proposes adding a new IT-based framework. It involves asking
the following question:
HOW CAN DATA AND ANALYTIC
TOOLS BE USED TO CREATE NEW
VALUE? 
WHAT IS 
INNOVATION?
The intersection of Invention and Insight
leading to the creation of social and
economic value.
INNOVATION IS A
CHANGE THAT
UNLOCKS NEW
VALUES
WHY 
INNOVATION ?
It creates growth.1
COLOR
It increases productivity and
economic wealth.
2
Provides for better services.3
but the question
arises...
HOW TO INNOVATE EFFICIENTLY?
The answer is....
FIVE PILLARS OF
INNOVATION
1.
AUGMENTING
PRODUCTS TO
GENERATE
DATA
2.
DIGITALIZING
ASSETS
3.
COMBINING
DATA WITHIN &
ACROSS
INDUSTRIES
4.
TRADING
DATA
5.
CODIFYING A
DISTINCTIVE
SERVICE
CAPABILITY
TIPS TO INVENT NEW VALUES
3.
2.
1.
4.
5.
What data
do we have ?
What data can we access that
we are not yet capturing ?
What data could we create from
our products and operations ?
What data do others have that we
could use in a joint Initiative ?
What data could get from others?
NOW, SO
WHAT’S FOR THE
MANAGER?
MANAGERIAL
RELEVANCE
He must realize the importance of
innovation and hence should ensure
proper implementation of the five
patterns that ensure innovation in any
organization.
In addition to these, he must answer the
question to create new business values
and to prosper
jd131296@gmail.com
THANK YOU

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The new pattern of innovation - Jayesh Dosi