Innovation and Entrepreneurship the Word Term Paper

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). Then the patient can counsel with their medical profession to find the optimum plan for prevention or pre-treatment; likely catching serious disease early and saving lives.

Consumer households -- the toaster can "predict" and toast bread a certain way, or a muffin, or even if one person prefers dark, the other light; the refrigerator can help with meal planning and inventory; the heating and cooling system can gauge the individual's comfort zone and predict how to lower energy costs while still keeping the family comfortable (Brandon, Predictive Technologies that Will Make Your Life Better, 2012)

Predictive technology is no longer a "nice to" or "what if." It is a matter of integrating smart computing chips into applications that will have meaning for the individual or the organization.

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It is entrepreneurial in spirit, innovative in concept, market driven, and will likely change the manner in which many products operate, and consumer expectations, within the next 4-6 years.

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