Aligning R&D Strategies to Fast Innovation Cycles

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28 September, 2023 Contenido redactado por: Enags Major developments that change sectors and develop new chances establish in waves mainly marked by several innovations that end up having a considerable effect on the economy and on society. The recognition of these waves comes from the work of Joseph Schumpeter, a leading financial expert who focused his research study on organization cycles, the role of innovation and financial development.

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Predicting the Future for Enterprise Digital Transformation

During the first wave of innovation, which took location roughly in between 1785 and 1830, brand-new technologies were introduced that changed everything. Hydraulic energy was essential in markets that would mark these years, such as the fabrics, paper and iron and steel production industries. The so-called very first Industrial Revolution, which started a few years before this preliminary wave, completely transformed the economy of the time, laying the foundations for a system that continues to this day, which transformed society forever.