Digital innovation – A driving force of change

By, Prof. Asoc. Dr. Teuta XHINDI

Editorial

In the contemporary landscape, the phrase “digital innovation” has become synonymous with transformation, revolutionizing the way individuals, businesses, and societies operate. The integration of digital technologies into various facets of our lives has not only accelerated the pace of change but has also emerged as a powerful driving force shaping the future.
Digital innovation, at its core, refers to the application of digital technologies to create new or significantly improved processes, products, or services. The relentless evolution of technologies such as artificial intelligence, the Internet of Things (IoT), blockchain, and data analytics has unleashed a wave of transformative possibilities across diverse sectors. One of the key attributes of digital innovation is its inherent ability to disrupt traditional models, fostering a dynamic environment that rewards adaptability and forward-thinking. In recent years, innovation, especially innovation in technology has received great attention in business as a strategic way for resilience. Monge and Soriano (2023), after reviewing 119 articles published in the WOS over the period 2018-April 2022, provide the most complete and up-to-date review of digitalization from a global perspective, summarizing the current state of knowledge within an integrated framework. Ndesaulwa and Kikula (2016) have considered technological innovation as a major force in economic growth and are focused on some of the most distinctive features of innovation in the highly industrialized economies of the OECD area. Although the innovation is seen as a driver for economic growth, it is not certain if digitalization and other innovations will lead to full employment or to a long-term mass unemployment (Arsic, 2020). This author adds that “the employment will depend on the speed of adjustment of education system to technological changes and labor market requirements, as well as on the possibilities for vocational education and change in qualifications”.

How to cite: Xhindi, T. (2023). Digital Innovation – a driving force of change. Ingenious, 3(2), 5–6.

https://doi.org/10.58944/owzf4285