Whois & Analysis for quick-works.com

Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services.

ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value".

Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies.

Technology is the application of knowledge for achieving practical goals in a reproducible way.

The word technology can also mean the products resulting from such efforts, including both tangible tools such as utensils or machines, and intangible ones such as software.

Technology plays a critical role in science, engineering, and everyday life.

Software is a set of computer programs and associated documentation and data.

This is in contrast to hardware, from which the system is built and which actually performs the work.

Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services).

It is also "any activity or enterprise entered into for profit.".

An invention is a unique or novel device, method, composition, idea or process.

An invention may be an improvement upon a machine, product, or process for increasing efficiency or lowering cost.

It may also be an entirely new concept.

If an idea is unique enough either as a stand alone invention or as a significant improvement over the work of others, it can be patented.

A patent, if granted, gives the inventor a proprietary interest in the patent over a specific period of time, which can be licensed for financial gain.