In business, innovation is the act of applying knowledge to the creation of new processes, products, and services that have value for at least one of your stakeholder groups.

FORBES: Phases of Innovation

However, for this to happen, the IT industry will need to start looking at applying newer models, adopting smarter processes and importing fresh new thoughts from different businesses and various geographies.

FORBES: Who said butchers can't inspire?

By applying billions of dollars to research and development into new manufacturing processes and materials like carbon fiber, companies like GE have kept some of their most expensive and profitable products in factories in the U.S. It means high-paying jobs for workers with a specialized skills and the psychological capacity to work in a variety of roles.

FORBES: GE Keeps Manufacturing Jobs In US -- For Highly Skilled