Description: Frugal innovation is an approach that seeks to reduce the complexity and cost of a product or service while maintaining its essential functions. This concept has become particularly relevant in the context of technology and business operations, where organizations aim to maximize the value of their technological investments while minimizing unnecessary expenses. Frugal innovation is based on the idea that instead of creating complex and costly solutions, it is possible to develop simpler and more accessible alternatives that meet user needs. This approach promotes efficiency, sustainability, and adaptability, allowing companies to respond quickly to market changes and customer demands. In technological contexts, frugal innovation can manifest in the adoption of lightweight architectures, the use of open-source tools, and the implementation of cost management practices that optimize resource usage. By focusing on the essential and eliminating the superfluous, organizations can achieve greater agility and competitiveness in an increasingly dynamic business environment.
