Meaning ● Innovation Value Assessment (IVA), specifically within the landscape of Small and Medium-sized Businesses, constitutes a systematic approach to quantifying and qualifying the tangible and intangible benefits derived from innovative initiatives, automation projects, and the practical implementation of new strategies.
Scope ● The scope of IVA in the SMB context typically includes evaluating the return on investment from automation technologies, assessing the strategic impact of new market implementations, and gauging the overall contribution of innovative projects to business growth and profitability. For automation, this might cover improvements in operational efficiency and cost savings.
