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How It Differs from Other Types of Innovation Oftentimes, breakthrough innovation is used interchangeably with radical and disruptive innovation. Radicalinnovation involves entirely new technologies or concepts that lay the foundation for future industries. However, there are some important differences.
The productivity release and efficiency gains radically alter the cost structures. The whole dynamics of collective scale brings together today’s scattered knowledge islands. Big Data, ArtificialIntelligence, Analytics and Algorithms beckon hugely. Both the Chemical and Pharmaceutical Industry are knowledge-based.
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