Meaning ● Frugal Innovation, within the context of SMB growth, automation, and implementation, signifies developing cost-effective solutions that maximize value using limited resources. Considering the constraints often faced by small and medium-sized businesses, it enables them to compete by intelligently simplifying products, services, and processes. Achieving significant improvements in automation capabilities for manufacturing, warehousing, and customer service within budget is critical. ● Often, frugal innovation focuses on reducing complexity and improving efficiency in implementing new technologies.
