MCR010: Analyzing Innovations Shaping the Future of Business

This assignment delves into the innovations poised to shape the future, emphasizing the transformative power of artificial intelligence, machine learning, and the internet in education, business, and communication. It highlights how technologies like CRM and AI facilitate consumer activity analysis, enabling entrepreneurs to enhance audience engagement. The assignment also discusses emerging innovations such as drone delivery services and electric vehicles, underscoring their potential to revolutionize industries and promote environmental sustainability. The author expresses a keen interest in these innovations, recognizing their potential to inspire new business ventures and foster a forward-thinking approach to problem-solving. Citing references like Jackson (2020), Rajapathirana and Hui (2018), Schillo and Robinson (2017), and Sheth (2020), the assignment underscores the significance of innovation in driving economic growth and creating a more sustainable and efficient future.

Innovation that will
shape the future

Name:
Title Innovation that will shape the future
Links and sources (Jackson, 2020) (Rajapathirana, and Hui, 2018) (Schillo, and Robinson, 2017)
(Sheth, 2020)
Summary There are a lot of innovations taking place in modern scenario. As the world is taking
rise into digital transformation and technological upgradation so that we have seen
some super beneficial power of artificial intelligence machine learning and the
significance of internet is drastically changing the world in a better way. Therefore
these existing innovations are the future of today's generation. In terms of growing
education business opportunity communication is become quite easier for
entrepreneur. By adopting CRM Artificial Intelligence and this kind of software’s
and tools will help to identify the activities performed by consumers through which
entrepreneurs with easily complete their objectives to gain maximum audience
engagement towards their products and services? These Technologies and
innovation are the reason behind shaping a better future which is less of complexities
and business obstacles in communication solving queries and make custom arrival.
There are a lot of innovations come in a wave like Drone services which will be a
leading way for developing country to provide delivery through Drone facility in
order to resist from covid-19 regulations. As many companies like Tata and others is
taking the lead in providing services through drones and Tesla started the
intervention to go in aircraft. Similarly there are a lot of innovations leading in a way
which will make the future more feasible then now. Industries like urban airport and
taxis also making amendments to providing electric cars to reduce pollution and
making environment eco friendly. Innovations are likely to save future resources for
or enjoying the beauty of nature received in totally free. The innovation of internet is
not only an achievement but also companies like Tesla creating regular innovations
into their products by providing luxurious cars which is a dream of every individual.
These innovations make a country develops and ready to fight with any market
opportunities when in need. Product and service innovation are also a part of future
as consumers will experience new facilities and fulfilling requirements within more
accuracy.
Why I found this
interesting
The topic is way beyond interesting one, due to having many real life examples of
business entrepreneurs who have developed innovations in the country. This topic
give me an insight about opportunities, advantages and technologies which might be
useful for me in further studies as well as making my profession. By understanding
existing innovation coma I could be the future to take the advantage of this
innovation by implementing them in a better way. Building communication with a
person overseas, analysing their activities and found whatever I want through internet
is attracting me every day to go deeper inside the innovations made by scientist or
the entrepreneurs. This would make me motivated towards building something new
and think out of the box concept rather than just fixing my thoughts on boring
strategy. This made me feel anxious to become a successful entrepreneur that leads to

give rise to new future in the country.

References
Books and journals:
Jackson, E.A., 2020. Economics of technology innovation for sustainable growth–with reference
to Sub-Saharan Africa (SSA).
Rajapathirana, R.J. and Hui, Y., 2018. Relationship between innovation capability, innovation
type, and firm performance. Journal of Innovation & Knowledge, 3(1), pp.44-55.
Schillo, R.S. and Robinson, R.M., 2017. Inclusive innovation in developed countries: The who,
what, why, and how. Technology Innovation Management Review, 7(7).
Sheth, J., 2020. Impact of Covid-19 on consumer behavior: Will the old habits return or
die?. Journal of business research, 117, pp.280-283.