The Global Innovation Index 2014 consists of a ranking of world economies innovation capabilities and results. Over the last seven years it has established itself as a leading reference on innovation. Understanding in more detail the human aspects behind innovation is essential for the design of policies that help promote economic development and richer innovation-prone environments locally. Recognizing the key role of innovation as a driver of economic growth and prosperity, and the need for a broad horizontal vision of innovation applicable to developed and emerging economies, the GII includes indicators that go beyond the traditional measures of innovation such as the level of research and development. The Human Factor in Innovation, explores the role of the individuals and teams behind the innovation process. Statistically capturing this human contribution to innovation is a daunting challenge. Even more complex are the challenges faced by all those who try to properly nurture the human factor in innovation.
The fundamental driver behind any innovation process is the human factor associated with it. Some nations take the lead in innovation capability over others. A major factor for this disparity of innovation prowess is the quality of human capital linked to the innovation activities carried out in these nations. Other factors, such as technology and capital, also influence the innovation process; these directly correlate with the human factor. Hence nurturing human capital at all levels and in all sections of society can be crucial for developing the foundation for innovation.
Humans have always improved life through innovation. From the discovery of fire to electricity, the Internet and beyond, new thinking is fundamental to social progress and economic growth. Innovation is an inherently human endeavor. Successful innovation happens when people with skills, experience, and capabilities come together to understand or predict, and then address, other people´s challenges. Talent, like capital and technology, is a key success factor for innovation. Inspiring potential talent will drive innovation and growth.
For more information visit www.globalinnovationindex.org