Written by Meghan Rimol
An innovation lab can boost digital transformation initiatives by streamlining the process from idea generation to implementation.
Google X. Amazon Lab126. Microsoft Research. IBM Garage. Facebook Reality Labs. Nearly every tech giant today boasts an innovation lab of their own, where ideas blossom and new products are born.
The creation of an innovation lab is a popular tactic among technology leaders to foster growth and promote new ideas. Whether a physical or virtual space, these centers are dedicated to helping a company stay on the cutting edge of its industry. On average, enterprises using innovation labs report higher revenue growth and customer satisfaction.
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