An Innovation Improves:
- Quality of a “thing”
- Efficiency of a “thing”
- Value of a “thing”
- effectiveness of a “thing”
An Innovation has:
- A benefit
- Fulfills a need
- Solves a problem
And to this may I add that an Innovation is
- the implementation of one or more ideas
- may have a business benefit
- may have a social benefit
- may have the effect to disrupt an existing process or product or service
- may render some jobs homeless and give birth to new jobs
- may require new skills
You can see the drift. We can go on. But what is important is that someone created an ontology as a starting point so that we can discuss about the “thing” (which currently seems points to some resource in dbpedia).
And here is a copy of the overview
Here is a link to the Ontology of Innovation (a bit geeky).