Turning Knowledge into Innovation and Innovation into an Effective Product Concept

The time we live in is a period of major technical, economic and social changes, which is explained by the transition from a conventional industrial society to a new knowledge-based society, with the greatest importance being not the increase in volume and types of production, but the creation of new and fundamentally new knowledge applied in these productions. Therefore, this new knowledge society will be based on new knowledge generating new products and technologies and new forms of governance in economy, manufacturing, ecology, humanitarian and social processes. This report looks at the possibility of turning knowledge into innovation and innovation into an effective product concept. Obviously, on the basis of innovation and innovation, the present century will be a period of qualitative change and of people's lives.