Question

1. Discuss What is the Role of Technology and Big Data in Innovation & Entrepreneurship

2. What Does Innovative Entrepreneurship means to you ?

3. What is your Innovative Entrepreneuship dream ?

4. how do you going to start this dream ?

Answer 1

It is obvious that the effect of technology on our everyday lives has become exponentially over the previous decade. Regardless of whether it be PCs or phones, innovation encourages us associated with our general surroundings and goes about as an entryway to vasts measures of information that can be gotten to effortlessly. Notwithstanding, numerous new business people don't use innovation to its full degree to move higher than ever.

Right off the bat, access to great communication is important to permit the effective progression of data in a business. Innovation gives various channels to organizations to convey both inside and remotely. Regardless of whether it's setting up virtual workspaces where representatives can cooperate and create thoughts, or interfacing with universal organizations using video conferencing, innovation can be utilized as an outlet which permits organizations to gather criticism from their clients, which can be used to improve or adjust an item to suit the requirements of the clients better. Using innovation, organizations can explore the market using auxiliary information. This is very valuable as it gives organizations top to bottom information about business sectors before infiltrating them. Alongside optional research, organizations can utilize innovation to direct essential research notwithstanding utilizing on the web studies and client input. One of the most helpful utilization of innovation is promoting to a large number of individuals around the world exactly at a tick of a catch. The electronic promotion comprises of sites and online life. Sites can be assembled utilizing DIY instruments, for example, Word Press or Square Space or expert web designers can be employed to make them. In contrast to sites, web-based social networking accounts are exceptionally simple to work for your business and give an introduction on a wide assortment of stages, for example, Facebook, Twitter, and YouTube. Mechanical advancement adds to more elevated levels of financial yield and can convey new merchandise and enterprises that change human lives and capacities. From a wide perspective, innovation use help development and business.

Big Data implies a huge lump of crude information that is gathered, put away, and examined through different methods that can be used by associations to build their effectiveness and make better choices. Huge Data can be in both – organized and unstructured structures. Organized Data is all the more effortlessly broke down and sorted out into the database. Unstructured Data, then again, is a lot harder to break down and utilizes an assortment of organizations. Likewise, it isn't effectively deciphered by customary information models and procedures. A few instruments of Big Data like Hadoop and Cloud-Based Analytics can bring cost preferences to business when a lot of information is to be put away and these apparatuses likewise help in recognizing progressively productive methods of working together. By examining huge information you can show signs of improvement comprehension of current economic situations. For instance, by breaking down clients' buying practices, an organization can discover the items that are sold the most and produce items as indicated by this pattern. By this, it can advance beyond its rivals. Huge Data causes the associations to make new development openings and altogether new classes of organizations that can join and dissect industry information. These organizations have sufficient data about the items and administrations, purchasers and providers, buyer inclinations that can be caught, and broke down.

Innovative entrepreneurship refers to the application of unique ideas or solutions in the business. It deals with the use of technology in the production process and thereby develops new ideas or technology to boost up further production.

My innovative entrepreneurship dream is to develop a plant for storing agriculture products and value-added agriculture products. Usually, our agriculture products are not processing or value-added to earn a profit. Inputs are easily available but it is not properly utilizing. My dream is to invent a mechanism to process agriculture products as value-added.

I will achieve my dream by setting up a small plant for agri-processing. I will observe the market of the value added agri-products and identify the area need innovation. Run the plant with available technology, and modify the requirements during the process.