KIP Glossary
Learn more about how KIP defines concepts.
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Information and Communications Technology (ICT)is a broad range of electronic technologies that facilitate collaboration and connectivity. | |
Innovation"Innovation is a complex, diverse, and multifaceted process. The term refers to new, significantly different products and processes that improve productivity and benefit users." (ADB. 2020. Asian Development Outlook 2020 What drives innovation in Asia Special Topic: The Impact of the Coronavirus Outbreak—An Update. Manila) "This TA defines change as (something) that adds value to DMC clients." --ADB. 2019. Technical Assistance Concept Paper: Facilitating Knowledge for Innovation and Technology Cooperation to Accelerate Development. Manila. KIP adapts the definition of the Economic Intelligence Unit: "Innovations have two main characteristics. First, innovations break the mould by applying knowledge is some novel way. Second, innovations are the result of a chain of events that starts with an original idea, invention or discovery, and then proceeds (usually in a chaotic manner) through prototype, construction, financing, customer demonstration, field trials, engineering, production, marketing and finally sales." (Economic Intelligence Unit. Innovation: Transforming the way business creates includes a global ranking of countries. London, New York, Hong Kong. 2007)
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