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What is technological innovation?

By Kate Swindlehurst - Mar. 13, 2023

Technological innovation is an extended concept of innovation that can have a broad meaning to many different people and many different industries. Typically, technological innovation is any new or improved process whose technological characteristics are significantly different from before.

There are generally two types of technological innovations. There are new products, which are called product innovations. There are also improvements to processes, which are known as process innovations.

What is technological innovation?
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