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
Welcome To The New C-Store Innovation Game
April 09, 2019

Retail innovation labs – incubators or tech hubs – aren’t confined to operations run by the likes of Amazon or Walmart. A new lab store from 7-Eleven underscores the innovation wave that is taking place in the convenience store sector of retail – a sector...

Innovation
AI Expert Arrives At Apple’s Special Projects Group
April 05, 2019

Amid Apple’s efforts to bolster its hardware and software with artificial intelligence (AI), an expert in the field has joined the tech company. Ian Goodfellow is now a director of machine learning in Apple’s Special Projects Group, CNBC reported. Get the Full Story Complete the...

Innovation
Retail, RFID And Real-Time Sales
April 05, 2019

Probably every shopper knows the thrill of the retail treasure hunt — that odd, unexpected, but perfect product discovered on a shelf; that highly desired item almost hidden in some corner, but found via serendipity or determined effort. Probably every shopper also knows the frustration...

Innovation
On National Burrito Day, Chipotle Serves Up Signs Of QSR Innovation
April 04, 2019

As far as made-up, non-holiday holidays go, you could probably do worse than National Burrito Day, which takes place on Thursday (April 4). No doubt you’ve been planning for this day for months, scouting out QSRs for the best burrito deals, and making sure you...

Innovation
Goldman Sachs To Hire Engineers For Digital Innovation Program
April 03, 2019

In an effort to lure talented engineers its way, Goldman Sachs has rolled out a new program in which it will pay engineers to develop new finance apps. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Innovation
Barclays: 5G Could Mean $20B A Year For Economy
April 03, 2019

The rollout of 5G technology could be a boon to the U.K. economy if a new forecast by Barclays proves true. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Innovation
US Now First In Global 5G Readiness
April 02, 2019

The United States, with quick moves by government officials and telecommunications carriers, has moved to the front of the global 5G race, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Innovation
Why Does The Path To Retail Innovation Go Through So Many Labs?
April 02, 2019

It’s not enough to be a retailer these days, not if a merchant intends to survive in a world of commerce dominated by the likes of Amazon and other tech-focused competitors. Innovation is one of the keys to advancement — and that increasingly means opening...

Innovation
Deep Dive: Competition Brings Innovation Into Focus
April 02, 2019

Merchants in both the food and accommodation space are interested in investing innovation to stay competitive. However, these merchants offer relatively few in-store features. The following Deep Dive examines how the food and accommodation market compares to the health and beauty market in terms of...