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Global Innovation Barometer 2011

GE Capital survey reports economic growth is on the rise within the energy and healthcare industries as well as other markets due to that corporate innovation. See how future innovations may affect your life by viewing the GE Global Innovation Barometer 2011: An Overview on Messaging Data and Amplification.

Innovation Important to Bring Countries to Economic Success

The Information Barometer survey commissioned by GE to measure international opinions on the need for innovation revealed that corporate innovation remains a popular idea for making a country prosperous. The survey was designed to analyze perceptions of innovation challenges internationally, the purpose of innovations on a multi-cultural level, insights for the current drivers of innovation and the best innovation practices from innovation champions. Participants in the survey were all directly involved in the innovation process at their respective companies, and were in the VP position or higher.

Innovation, Globally

As the economy recovers, innovation is seen as the best hope to spur economic growth in the 12 countries surveyed. Out of those surveyed 95 percent of the respondents view innovations as the main lever for a more competitive national economy, while 88 percent think innovations are the best ways to create new jobs. In addition, the U.S., Germany and Japan are seen as future innovation leaders.

Innovation Potential in Healthcare, Energy

A combination of individuals, the government, universities and private companies are seen as the drivers of innovation in the next 10 years. By working together, those surveyed believe that innovation can improve various markets, specifically in the healthcare and energy fields.

When asked specifically about innovation in healthcare, those surveyed believe that innovation can improve the overall health of the population. Respondents also believe innovations can improve the design of their particular country's health system, improve the care for older populations, improve economic sustainability and improve the overall rate of chronic disease.

When respondents were asked about innovation potential in energy, 83 percent of respondents think innovation can reduce their country's carbon footprint. Furthermore, respondents believe energy innovations can improve their respective countries' energy independence and energy distribution quality. Also, survey participants think future innovations could improve the ability for citizens to manage their energy consumption and the overall energy costs.

New Innovation Model

Indicated by survey results, innovation views and methods have changed. Therefore, a new innovation model for the 21st century was created, focusing on:

  • Individuals
  • Integrated solutions
  • Impactful innovations
  • Incorporating partnerships
The different needs that innovations address will also change, with the focus shifting towards societal needs, a clean environment and overall life improvements.

Innovations in 2011

See how future innovations may affect your life by viewing the GE Global Innovation Barometer 2011: An Overview on Messaging Data and Amplification.