If we go deeper we see that the ever changing pace of our life has been mainly aided by brilliant innovations which has not only made our life luxurious but also helped us in our daily chores thus reducing time wastage. Humans are utilizing this time gained in various spheres which are also mostly innovation dependent. The innovation of washing machines, microwave ovens and various other things have become a part of our life without which we cannot think of living. But ha these innovative technologies come to us by their own? Practically the honor should go to those innovation management people without whose planning these innovations might not have seen the daylight. These are the guys who take care of most of the planning from arranging manpower, finance, marketing and above all the calculation of future demand that will come with the introduction of this innovative product in the market.

Innovative technologies have a huge effect in the field of medicines and machines for human treatment. The discovery of x-ray has made the span of human life increase by a great degree. The same can be said about the antibiotics that have helped u recover quickly from illness which was almost impossible in the days of bullock carts. These are simply the gifts that these brilliant technologies have given us. But it would not have been possible to make these innovations reach out to millions without the brilliance of those people who successfully managed these innovations for us to enjoy.

Basically if we concentrate on the word innovation we find that it is derived from a Latin word innovatus which is the noun of innovare. The word innovare means to change or renew. Hence we can easily come to the conclusion that though change and innovation are two separate words but basically they are interconnected. Now a days various companies have recruited personnel specifically to calculate and manipulate innovation for the gains of the company. These are people who builds companies from dust and also breaks companies backbones. One good decision from these guys makes the company leap frog ahead of its competitors and one rash decision can easily reverse the effect. So management of innovative technologies is as important as the technology itself.

So we can easily arrive at a conclusion that without efficient innovation management the innovations that have become part of our life may not have been possible. Changing with time to bring in new innovation are controlled by these people and it is time to thank them for the good work they have done till date or continuing to make our lives better.