Innovation is driven by datadriven insights from "summary" of Reinventing Capitalism in the Age of Big Data by Viktor Mayer-Schönberger,Thomas Ramge
Innovation today is not just about coming up with new ideas or products based on intuition or gut feeling. Instead, it is increasingly being driven by data-driven insights. This means that companies are leveraging the vast amounts of data available to them to identify patterns, trends, and opportunities that were previously hidden or difficult to discern.
By analyzing data from various sources, such as customer behavior, market trends, and competitor activities, companies can gain a deeper understanding of their business environment. This allows them to make more informed decisions about where to invest resources, which products to develop, and how to...
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