• Automation and robotics, which can replace human labor in certain tasks, reducing labor costs.
• Cloud computing, which can reduce the need for physical data centers and hardware, reducing IT costs.
• Supply chain optimization, which can streamline logistics and reduce transportation and inventory costs.
• Process re-engineering, which can eliminate waste and inefficiency in business processes, reducing overhead costs.
• Lean manufacturing, which focuses on reducing waste and increasing efficiency in production processes, reducing costs.

These innovations allow companies to remain competitive by reducing costs and improving profitability while maintaining or improving the quality of their products or services.