There's a fine line between innovation that's useful and innovation that's a trendy novelty. A well-defined line could reduce operational risks and supply chain challenges.
As one PwC report points out, innovation is moving from something created in a lab towards something that creates value for customers. Said another way, as written here, innovation is "something different that has impact."
Generally, over the last decade or two, the electronics supply chain has taken a number of steps that by those definitions fall into the innovation category. New software tools, along with better internal and cross-enterprise practices, have improved forecast and inventory visibility, product delivery, manufacturing process, and new product design -- all of which have created value and impact.
You make some good points in your article, but isn't it possible to be both novel and create value for the customer? If you think about some of the really great game-changing products of the past (think Apple), many of them were successful because they were both useful, and novel in the sense that a whole new category of products was created.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.