Innovation

Innovation generally refers to changing processes or creating more effective processes, products and ideas. For businesses, this could mean implementing new ideas, creating dynamic products or improving your existing services.

(source: business.gov.au)

Innovation
Pay-By-The-Mile Auto Insurer’s App Lets Drivers See What They’d Pay
October 14, 2020

Metromile, which sells automobile coverage with premiums based on the number of miles a covered automobile is driven, launched a free service to let motorist determine how much they’d save with the product, the company announced Wednesday (Oct. 14). The service, called Metromile Ride Along,...

Innovation
Using Live Online Performances To Build A New Middle Class Of Musicians
October 13, 2020

Being a musician in 2020 is a very different experience than it’s ever been, and not just because COVID-19 has mostly shut down concerts all over the world. Arjun Mehta, co-founder and CEO of livestreaming digital platform Moment House, told PYMNTS in a recent conversation...

Innovation
What The Great Time Revolution Means For Consumers
October 12, 2020

The “Mighty Thor” was a household game-changer in 1908. Invented by Alva John Fisher, Thor was the first electric washing machine to be mass-produced and sold. Until its debut, washing clothes was a tedious, time-consuming and very manual chore. At the turn of the 20th...

Innovation
The Great Digital Shift Brings Spas And Meals (Increasingly) In-House
October 08, 2020

Is the great digital shift spurring a great shift to personal in-home services? Curated, chosen, scheduled and likely paid for through digital means, of course. As reported by CNBC on Thursday (Oct. 8), personal chefs are increasingly in demand – a ripple effect of restaurant...

Innovation
Venmo’s Esch On Designing A Cool Physical Card For Mobile App Users
October 06, 2020

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. 5), issued by Synchrony and powered...

Innovation
Old ATM Gets Big Upgrade As NCR Unveils ‘NextGen’ Cash Machine
October 05, 2020

As the banking world goes increasingly digital, the clunky old ATM is getting a badly need reboot. NCR Corp. on Monday (Oct. 5) unveiled its next generation of operating software for ATMs, designed to integrate the now decades-old cash-dispensing machines into the digital age. The...

Innovation
Real-World Experiences From Tourism To Gambling Are Going Digital
October 02, 2020

With U.S. airline-passenger miles down some 70 percent as COVID-19 has consumers afraid to fly, Amazon and other eCommerce players are trying to get Americans to do their sightseeing and other once-routine activities from the comfort of their own homes. Amazon this week debuted Amazon...

Innovation
The Outside-The-Box Ways The World Is Beating Boredom
September 26, 2020

The late William F. Buckley Jr. famously once said that “boredom is the deadliest poison.” That might have been a bit hyperbolic when he said it, but after a half-year stuck at home, Americans can probably appreciate how true that statement really is. There are,...

Innovation
Will Your Local Restaurant Soon Have Robot Workers?
September 22, 2020

Six months into the COVID-19 pandemic, restaurants’ shifts toward high-tech solutions are old news. Online ordering, digital delivery, curbside pick-up, QR code-based menus and ordering – the technological upgrades have come one after the other. Dining venues big and small have pivoted to meet the needs of consumers...