How does digital technology help frugal innovation?
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Digital technology helps frugal innovation by enabling affordable and context-sensitive products, processes, and services that are financially and environmentally sustainable . It allows for the development of frugal solutions that are not limited to resource-constrained consumers or low-tech contexts, but can be targeted at various customer segments, industrial boundaries, and societal strata . The Internet of Things (IoT) and digital platforms play a crucial role in facilitating frugal innovation by positively affecting digital platforms and enabling the creation of affordable and high-quality products and services . Digital platforms also mediate the association between IoT and frugal innovation . Additionally, digital orientation and digital platforms are major antecedents of sustainable digital innovation, which is an important element of frugal innovation in the digital economy . Overall, digital technology provides the tools and capabilities necessary for frugal innovation to thrive in a cost-effective and sustainable manner .
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| Papers (4) | Insight |
|---|---|
01 Jan 2021 2 Citations | Digital technology helps frugal innovation by enabling low-cost, sustainable, and social innovation in resource-constrained environments, as discussed in the paper. |
| The paper discusses how digital platforms enable frugal innovation by helping SMEs reduce resource usage and waste, and enhance sustainable economic activities. | |
| The paper states that digital platforms play an essential role in the adoption of frugal innovation by offering different opportunities for businesses to efficiently interact with their customers and generate efficiency and productivity. | |
01 Jan 2021 3 Citations | Digital technology, such as Internet of Things (IoT) and artificial intelligence, enables high-quality and context-sensitive products, processes, and services that are affordable in terms of financial and environmental costs. |
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