Certain trends are already being gauged for business innovation this year. Some of the most innovative companies such as Facebook or Buzz-Feed are those that have shown a constant willingness to learn. IT giants – Amazon, Facebook and Google- as usual are at or near the top of non-stop progress. In spite of that, tech giants do not have monopoly over speed as Taco Bell today can be considered a benchmark in the service industry. They also did well on the partnership front with the success of Doritos Locos Tacos. As much as governments and large corporations may try, video streaming cannot be stooped as evidenced by the successes of Spotify, YouTube and Netflix. The mobile phone is the next frontier for technology firms. Surprisingly, in some cases organizations past their peak are rediscovering their prime as has been the case with Hasbro. Markets are now ubiquitous but location hardly matters due to digitization. With the advent of crowd-sourcing, community impact cannot be downplayed. But this requires a certain degree of bravery to attempt. Lots of new opportunities are there and it is evident that fads will eventually mature. Also what is important is that if change is to be brought, missionary zeal is required from within the organization.

Source:  http://www.fastcompany.com/3056039/15-lessons-of-innovation-for-2016