The Role of Management of Innovations in the Digital Transformation Age

The Role of Management of Innovations in the Digital Transformation Age

Alexander I. Voinov, Mikhail V. Rybin, Evgeny P. Torkanovskiy
Copyright: © 2022 |Pages: 15
DOI: 10.4018/978-1-6684-4265-4.ch010
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Abstract

The extremely important role of innovation management in the digital transformation age determines the relevance of this research. The development of the theory of innovation, which began in the first half of the 20th century, has gained numerous apologists and antagonists. However, the process of evolution of innovative views in the society of the cyber industries is being further updated. The research aims to consider the prospects of information systems in knowledge management in the search for new resources for the growth of the real sector of the economy and, in particular, through the organization of the process of commercial use of intellectual property objects in industrial production in the period of digital transformation. The following research tasks are set: to determine contemporary methodological approaches in innovation management, to identify new opportunities for the growth of the real sector due to the use of the strategy of intellectual capital management, to consider specific trends for bringing knowledge-intensive products to the market in branches 4.0.
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Materials And Methods

Several scientific methods, such as descriptive analysis, factor analysis, synthesis, comparative analysis, and systemic approach, were adapted in accordance with the research objective. The institutional analysis allows us to describe the market architecture of the newest innovative products. The research used statistical data of Lux Research (CORDIS) and USPTO to show the tendencies of high-tech developments for the combined analysis of related dimensions of the national markets’ dynamics, spending budgets, and the number of patents on nanotechnology. Given the integrated nature of nanotechnology patents that involve several fields of knowledge and industries and the absence of specific nanotechnology markers, the authors were obliged to undertake in-depth research of patents to discriminate nanotechnology patents from others.

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