Innovating Up

Lexicon

Innovating Up

.From innovation to digital skills, this is your guide to the language of Innovating Up

Innovation

A new idea or method, or the use of new ideas and methods.1

Regional Gross Value Added (RGVA)

Regional gross value added is the value generated by any unit engaged in the production of goods and services. GVA per head is a useful way of comparing regions of different sizes.3

Social Value

Social value is the quantification of the relative importance that people place on the changes they experience in their lives. Some, but not all of this value is captured in market prices. It is important to consider and measure this social value from the perspective of those affected by an organisation’s work.

Examples of social value might be the value we experience from increasing our confidence, or from living next to a community park. These things are important to us, but are not commonly expressed or measured in the same way that financial value is.5

Digital Skills

Digital skills are defined as a range of abilities to use digital devices, communication applications, and networks to access and manage information. They enable people to create and share digital content, communicate and collaborate, and solve problems for effective and creative self-fulfillment in life, learning, work, and social activities at large.7

Regional Inequality

A difference in the standards of living and opportunities for work between regions. It is often the case that some regions within a nation state are relatively wealthy compared with other regions, having a greater share of well-paid employment and provision of services. Other regions, usually in peripheral locations, lag behind. Regional development policy is one strategy employed to try and narrow such inequalities between regions.9

Research and Development (R&D)

Research and development (R&D) is when businesses gather knowledge to create new products or discover new ways to improve their existing products and services.2

Digital Economy

The Digital Economy is defined as the following components:

  • E-commerce / e-business (the trading of goods or services over computer networks such as the internet)
  • Supporting infrastructure (that is, hardware, software, telecoms).4

Flexible Working

Flexible working is a way of working that suits an employee’s needs, for example having flexible start and finish times, or working from home.6

Sustainable Growth

Sustainable growth means growth that is repeatable, ethical and responsible to, and for, current and future communities.8

Innovating Up – Further Insights

From across Atos and beyond, find out more about digital transformation, jobs of the future and skills

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Kulveer Ranger, Head of Strategy, Marketing, Comms & Public Affairs, Northern Europe & APAC, Atos