IT’S THE SMALL THINGS
INNOVATION TRENDS // Marching to the Beat of a Different Drum
Patent applications are way up. In 2013,
464,573 were reported, up from 291,865 in
2008—a 59 percent increase over five years.
MANUFACTURING ON CLOUD NINE
Many manufacturers are adopting
cloud-based manufacturing applications. SaaS-based applications make up 22 percent of
all manufacturing and distribution software
installed today and will grow to 45 percent
within 10 years.
SURFING THE CROWD
Crowdfunding has become a legitimate
and fruitful channel for sourcing capital for
innovation. For example, DonorsChoose has
raised $225 million for more than 400,000
classroom projects since 2000.
ROSE-COLORED GOOGLE GLASSES
It was recently reported that Google Glass, the
wearable innovative Internet technology retailing
for $1,500, contains only $80 in parts.
CUTTING THE CORD
Consumers now have four options to cut the cord
from traditional cable TV services: Apple TV, Roku,
Google Chromecast and the latest, Amazon Fire TV.
SEE NO REASON NOT TO HAVE A CINO
Chief innovation officers (CINOs) are fast
becoming the latest must-have for organizations,
with 43 percent of companies retaining a formally
accountable innovation executive, up from 33
percent the previous year.
TOTALLY TUBULAR TRANSPORT
Evacuated Tube Transport Technology is faster
than jets and could take a passenger from New
York to Beijing in just two hours.
INNOVATE OR DIE
Innovation is a priority for 94 out of 100 busi-
ness leaders, 15 points higher than last year and
indicative of a trend that more organizations tie
innovation to sustainability and growth.
manager, communications and marketing , ACG Global