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| Innovation Type | Description | Impact Area | Expected Outcome | Timeline |
|---|---|---|---|---|
| AI Integration | Implementing AI algorithms to enhance product development. | Productivity | Increase in development speed by 30%. | 2025 |
| Sustainable Materials | Using biodegradable materials in product design. | Environmental | Reduction of carbon footprint by 40%. | 2025 |
| Blockchain for Transparency | Implementing blockchain technology for supply chain transparency. | Trust | Enhanced customer trust leading to 25% higher sales. | 2025 |
| Augmented Reality | Using AR for product demonstrations to enhance customer experience. | Customer Experience | Increased engagement and sales conversion rates by 20%. | 2025 |