Best scientific research 2022

Analyses of relevant literature
Justin Yee, a law clerk in Ropes & Gray's mergers and acquisitions group, thought 
innovation as an important engine as it is all around us and plays an important part in many 
aspects of our life, including our wallets, workplaces, and homes. Innovation is the driving 

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BEST SCIENTIFIC
RESEARCH - 2022 
42 
force propelling our society forward, where new ideas are rapidly becoming a prominent 
topic in the pursuit of economic growth. And he told it as an imperative priority as a one-way 
approach to incorporating innovation into the strategy, such as switching to digitalization, is 
insufficient to properly embrace the Innovation Economy. [1] 
Darrel M. West who is a Vice President and Director - Governance Studies, Senior 
Fellow - Center for Technology Innovation, Douglas Dillon Chair in Governmental Studies 
considered the result of the increase in productivity by innovation has resulted in a high 
demand for persons with science and engineering backgrounds. In addition, rapid-coverage 
broadband enabled physicians to share digital views via colleagues in distant geographic 
locations. Schools became able to provide distant learning to underserved groups. Smart 
electric networks increased monitoring efficiency and helped to more dynamic friendly 
regulations. Government and commercial travel expenses became significantly reduced by 
video conferencing services. Latest digital platforms across a range of policy sectors 
inspired utility as well as innovation by bringing even more individuals, services, and 
businesses into the digital revolution. [3] 
ITU Telecom World
, a global platform for accelerating ICT innovations with the aims 
of delivering economic development and social good faster through its exhibition for digital 
solutions, forum for sharing knowledge, and networking hub connecting nations, 
organizations and individuals also gave a report about the collaboration among digitalization 
and innovation economy. According to their consideration, the intelligent integration of 
production and modern information and communication technologies, known as Industry 4.0, 
enables the delivery of customized goods to particular client demands at low cost and high 
quality. The global impact on businesses, economies, and communities is potentially huge. 
However, this, too, is contingent on the peaceful and successful collaboration of a variety of 
actors, organized to varying degrees in different markets by determined government 
leadership, and they also showed some basic tips that proved their analyses which were 
explained with the latest statistics. [7] 
Report of Enterprising States, produced by Praxis Strategy Group on behalf of the 
U.S. Chamber of Commerce Foundation wrote about that the technology-based economic 
development is a strategy used by states to help establish a business climate and an 
environment in which an economy based on innovation and technology may grow. 
Furthermore, the main meaning of their suggestion was about building on a digitalized 
system and maintaining it with current economic momentum is a critical method of 
responding to the problems of promoting development in an increasingly competitive global 
economy and ensuring future success. [5] 

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