How Is It Innovated? as an It Student What Do It Students Today Need to Learn to Become Innovators Themselves?

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Information technology (IT) is widely understood to be the enabling technology of the 21st century. IT has transformed, and continues to transform, all aspects of our lives: commerce and finance, education, employment, energy, health care, manufacturing, government, national security, transportation, communications, entertainment, science, and engineering. IT and its impact on the U.S. economy-both directly (the IT sector itself) and indirectly (other sectors that are powered by advances in IT)--continue to grow in size and importance. National Research Council's Computer Science and Telecommunications Board (CSTB) produced the report Evolving the High Performance Computing and Communications Initiative to Support the Nation's Information Infrastructure. A graphic in that report, often called the "tire tracks" diagram because of its appearance, produced an extraordinary response by clearly linking government investments in academic and industry research to the ultimate creation of new information technology industries with more than $1 billion in annual revenue. Information and communications technology (ICT) has a key role to play in driving innovation and competitiveness for small businesses and the IT sector itself. But equipping the labour force with the right skills and providing access to high-tech infrastructure are essential if the full potential of ICT is to be harnessed. Innovation has become the 'mot du jour' in the debate on how the EU can work its way out of the ongoing financial crisis (EurActiv 29/01/09). The future of European high-tech industries will depend to a large extent on small and medium-sized enterprises (SMEs), which account for around 95% of companies. Information technology can help reduce costs, enable more efficient development processes and bring products to market more quickly than in the past. From a practical point of view,

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