Assignment | Innovation and New Technologies

Running head: INNOVATION AND NEW TECHNOLOGIES
INNOVATION AND NEW TECHNOLOGIES
Name of the Student
Name of the University
Author Note

INNOVATION AND NEW TECHNOLOGIES1
Table of Contents
Introduction....................................................................................................................2
Analysis of the current trends in IS innovation..............................................................5
Particular technological innovation that is implemented in information system.......5
Conclusion......................................................................................................................8
References......................................................................................................................9

INNOVATION AND NEW TECHNOLOGIES2
Introduction
Information systems are considered to be sociotechnical, formal systems of the
organizations that are mainly designed for the purpose of collecting, processing, storing and
distributing relevant information. From the sociotechnical perspective information based
systems consist of four major components that include, people, task, technology and structure
(Anderson 2016). A computer based information system is considered to be a system that is
composed of the computers and peoples that is able to process or interpret the information.
Information systems is defined as an academic study of the systems with reference to the
complementary networks and information based on software and hardware which people and
the organizations use for collecting, filtering, processing, creating and distributing data as
well (Azar and Ciabuschi 2017).
The report will be based on the analysis of innovation and technological trends that
are implemented as a part of the information systems in modern organizations. The impact of
different trends on the use of technology in the information systems will be discussed in the
report in detail. One major trend related to IS innovation will also be identified and analysed
in the report in order to understand its impact on the information systems that are used in
modern organizations.
Innovation can be defined as a new idea, new imagination or a creative thought that is
in the form of a method or device. Innovation can also be viewed as the implementation of
solutions which are able to meet the new requirements, existing the market needs and the
unarticulated needs. This type of innovation can take place through provision of the
processes, products, technologies, services, governments, society and market. Innovation can
also be defined as the process of production, assimilation and exploitation of the value-added

INNOVATION AND NEW TECHNOLOGIES3
novelty based on social and economic perspectives. The enlargement and renewal of services,
products and markets are all a part of innovation (Bogers, Chesbrough and Moedas 2018).
Technological innovation is considered to be an extended version of process of
innovation. Technological innovation is able to add some major steps that are implemented in
the process of development of new services and products in the market that can address the
needs and solve the problems that are faced by the organization. Technological innovation on
the other hand mainly focusses on different technological aspects of a particular service or
product instead of covering entire business model of the company (Cascio and Montealegre
2016).
Technology has been able to play a major role in proper development of the
operations of small and large business organizations. The efficiency levels and growth of the
business is influenced by the proper implementation of technology. The different trends in
modern business environment are as follows,
 Tech solutions have become necessary in the modern business organizations in
order to develop communication. The levels of communication that are
developed among the employees of modern organizations are considered to be
important for linking different platforms. The proper unification of different
platforms is able to save time for the organization, that in turn is able to
increase the levels of efficiency (Del Giudice 2016).
 Cyber security is another major factor that has an impact on the usage of
technology in the information systems of different organizations. Technology
is being used widely in order to enhance the levels of cyber security in modern
organizations. The use of technology has been able to play a major role in
improving cyber security in an effective manner (Eggers and Park 2018).