Think about the innovative ways (Unique idea) through which the technology can be incorporated in industries so that sustainable development is achieved.
Answers
Innovation has become the new buzzword across the globe. International organizations, governments, corporates, academia and civil society see it as the answer to major contemporary challenges. Societies and economies are under pressure from a set of profound changes: economic transformation such as globalization, new industrial geography, liberalization, commercialization and privatization; political transformation such as the rise of a multipolar world and loss of sovereignty of nation states; technological revolutions in informatics and biotechnology; and global environmental change. All these processes interact in complex ways and challenge the political, economic and social models of the 20th century.
Innovations are occurring and alternative solutions to the existing problems are emerging in all sectors. Electric cars, organic farming, renewable energy and e-learning are good examples. They are growing as major programmes, supported by governments and the private sector, often integrated into sustainable economic development plans. These alternatives are also seen as green initiatives, and are assigned virtues, such as being decentralized, frugal, flexible, smart and democratic, qualities that are lacking in conventional models. They are also attributed with the potential to meet the overall global challenges such as climate change and the growth of inequalities between and within countries. Innovations and alternatives are emerging not only in industrialized countries but also in developing countries. In fact, the latter have emerged as leaders in certain technologies, such as China in solar technology, and as pioneers in the development of revolutionary applications, such as mobile banking in Kenya.
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