TimeReducing time consumption including things that improve productivity or represent a customer convenience. For example, software that reduces the time for an interior decorator to produce a floor plan from 4 days to 4 hours.orbit. It is believed that this can be reduced to less than $100.
CostReducing the cost of products and services. For example, the cost per watt of solar panel modules dropped from around $75 in 1974 to less than $0.50 in 2017.
PerformanceThe performance of products and services as measured by a figure of merit. For example, the speed of computers has approximately doubled every two years since 1975.quality of products in areas such as availability, durability and reliability. product experience including intangible elements such as concepts, feelings, taste, sight, sound, touch and smell. safety or sustainability of products.
|Overview: Product Innovation|