IT Innovation: Examples and Success Factors

Running Head: IT INNOVATION
IT INNOVATION
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2IT INNOVATION
Table of Contents
Introduction......................................................................................................................................3
Example 1........................................................................................................................................3
Example 2........................................................................................................................................4
Example 3:.......................................................................................................................................5
Example 4........................................................................................................................................6
Conclusion.......................................................................................................................................7
References........................................................................................................................................8

3IT INNOVATION
Introduction
IT products have been gaining importance in today’s society. This is one of the foremost
motive that the commencement of the project gets achieved in a better routine. Evolution of the
IT products ensures the fact that the management of the projects that undertake the
implementation of the IT products gets benefitted and this is one of the main reason that there
has been an increase in the projection of the management of the newly innovated products that
are present in the commencement of the projects. This leads to the circumstance that the
commencement of the development gets affected in a positive custom. This is solitary of the key
motive that the acceptance of the products that brings in the better administration of the project
will occur. In case the project management includes tradition of the innovated products the main
benefit that s gained by the business organization that implements the new technology includes
the fact that the work load on the employees gets decreased. This report will discuss about the
newly innovated technologies that are gained with the help of the newest technologies. This is
one of the main reason that the project management will procure better management of the
project management.
Example 1
Discussion
TESLA Automated Car: automated cars are one of the most important innovation that has
occurred in recent time. This indications to the datum that the commencement of the scheme can
be performed with the help of the innovations that are brought in by the IT evolvement. This
leads to the fact that the efficiency are increases in a high amount. IN case of the usage of the
automated car the most important thing that is reserved into contemplation embraces the aspect
that the driving of the car gets automatic in nature and this helps in better communication

4IT INNOVATION
process. An automated car is loaded with features like better management of tracing the track
that they follow (He, Yan and Da Xu 2014). This also indicates to the fact that the
commencement of the project will get better with time as the vehicle will not require any
direction regarding the path that they will need to follows in order to reach the destination.
LIDAR is also present in an automated car, leading to the fact that the automated cars are
capable of identifying any object that is coming towards them and are capable of avoiding them.
This is one of the foremost purpose that the procurement of the project will get achieved in a
better manner.
Lessons Learned
The major issues that are present in the automated cars are as follows:-
• The cars are not always fully automatic in nature. Most of the times the cars are semi-
automatic in nature ad in that case the car needs to be driven properly in order to reach the
destination (Thirumalai and Kar 2017). In case the car is semiautomatic in nature and is
obvious that the focussing of the business organization will not be enhanced and this will lead
to the fact that a dedicated driver needs to be present in the course of the journey
• The cost that is included in buying an automated car is very high. This leads to the fact
that it gets difficult for the common people to buy an automated car. Due to the fact that the
price that is required for buying the car is very high and this leads due to the fact that the
access for common people does not get enough access to the cars leading to the fact that the
spreading of the entire concept is not possible (Desai, Sheth and Anantharam 2015). This is
one of the major reason that the commencement of the technology has not been gaining
global acceptance.
Internal factors