Journal of Hotel and Business Management
Open Access

Abstract

Emerging Technologies: Freedom to innovative & technological capabilities

Sali Bakare

Innovation is turning an idea into a workable solution that adds value from a customer’s perspective. Innovation is a new idea, a creative thought in the form of method, or device. It is often viewed as the application of better solutions that meet new requirements or existing market needs. The capability to innovate is crucial to evolution and advancement of humanity. The capability to innovate increases one’s survival by improving one’s chance to adapt to uncertain and changing environments. Humanity will advance and innovate; however, we need to be mindful of the barriers and limitations to efficient and effective application of these technologies. Licensing and trade agreements restrict the abilities of people, developing countries, etc. to innovate technologically. Because of the inability to afford the licensing fee, useful innovations may never make it to the marketplace. A probable solution to this problem (of barrier and limitation) is the development of pragmatic, work-around, open source technologies to enable maximum innovation such as in Linux (a computer science operating system) and BiOS (Biological Open Source).

Published Date: 2020-09-19; Received Date: 2020-09-14