Technology and Innovation Management

IX Classification of the innovation’s category

The innovation belongs to category 1, which is the new solution to the old problem.

X The source of the innovation

The major source of innovation is the growing demand for alternative energy sources for buildings and efficient energy use by buildings. In response to the growing demand, many companies are looking for innovations that can match the growing demand. The company that manages to introduce the proposed innovative system can match the demand existing in the market. Customers are concerned with the environment protection and are concerned with saving costs spent on the energy consumed by their buildings. As there is the demand, the new system’s development can help the company that introduces the innovative system to match the demand.

XI Reasons for the success of the innovation

The major reason for the innovative system’s success is the high expectations of customers, on the one hand, and the high efficiency of the performance of the new system. Unlike existing systems, the innovative system will help customers save energy and use energy efficiently. Still, the innovative system will also accumulate the energy using the solar power accumulated by the solar power batteries located on the building’s roof and walls. Besides, the new innovative system will offer customers the possibility to minimize their negative impact on the environment. In such a way, they will save costs and save their environment from pollution. More importantly, the new system can bring considerable benefits since customers can save costs and sell out the excess of the innovative system’s energy.

X Conclusion

Thus, the new system that will generate and manage energy for the consumption by buildings can bring the firm, which introduces the system, considerable profits because the demand for such services is high. The development of information systems that allow creating smart houses opens wide prospects for the firm’s marketing development because consumers are interested in the energy-efficient technology and cost-efficiency of the innovative information system.

XI References:

Adbrudali, F. (2013). Smart Buildings. Twelfth Meeting of JCA on ICT and Climate Change Special Focus on “Smart Sustainable Cities”. Retrieved on September 19, 2013 from https://www.itu.int/en/ITU-T/jca/ictcc/Documents/docs-2013/FrancescoAsdrubali_JCA_Feb2013.pdf

European Commission DG INFSO. (2008). Impact of Information and Communication Technologies on Energy Efficiency. Final Report. Retrieved on September 19, 2013 from ftp://ftp.cordis.europa.eu/pub/fp7/ict/docs/sustainable-growth/ict4ee-final-report_en.pdf

Kraft, M.E. and S. Kameniecky. (2009). Business and Environmental Policy. Oxford University Press.