Final Assignment Create An Innovation

Innovation - Mobile Key cardCourse NameStudent’s NameProfessor’s NameDateAbstractTechnology and Innovation has changed the face of the global world today, the companies are focusing on building innovative products across the market. ‘Smart phones’ are one of the most innovative products that have been developed by the organizations so as to fulfill the needs and requirements of the consumers across the globe.In this paper, we will focus on the opportunity to develop a ‘Key card’ at a cost of $4M for a US banking firm to supply their customers as a security measure for mobile banking by Sony. A ‘Key card’ is a small handheld device (like a calculator) that provides a unique PIN in real time that you read from your device and use when making a mobile banking transaction.Innovation – Mobile Key CardIntroductionThe companies are strongly focusing on innovation with a strong focus on innovation and change, the development, application, and enhancement of new technologies are occurring at a breathtaking pace, and innovation is determining the way business is being conducted. With the increasing number of new ventures, products, technologies, and patents the