Everybody talks about the importance of innovation. But history has proven that having one big idea isn’t enough. Long-term success depends on an entrepreneur’s ability to operationalize that big idea, while continuing to develop new products and processes. In the past, businesses have relied on a lot of trial and error to come up with new ideas. Today, data is driving innovation. The convergence of the Internet of Things with advanced technology solutions is putting meaningful data into the hands of decision-makers at the exact moment they need it. Consequently, using data to guide innovation, whether disruptive or incremental, will transform the global marketplace in ways we are only beginning to understand.
