INNOVATION: TRANSFORMING THE WORLD FOR GOOD(Part 2)

Many of us are poised to become a key player in the growth of innovation ecosystem by one way or another. We often synergize our personal strengths to collaborate & also to gain strategic competitive advantage in a group setting.

Although the speed at which new technologies have been developed and used has been on the increase ever since the first innovations were introduced, hundred of thousands of year ago. The previous newsletter (attached below) gives a glimpse for the same:

The demand for innovation ecosystem is intertwined with economic growth and consequent rise in consumerism. It's understandable that majority of us aims to provide world class product and services across the globe by making effective use of technology, while being sensitive towards the environment at all times. Change didn't occur at a constant pace, though. Steven Johnson wisely said:

If you look at history, innovation doesn’t come just from giving people incentives; it comes from creating environments where their ideas can connect.

Therefore an effective innovation ecosystem approach is must for the current world scenario. Let's watch an interesting talk by Cedrik Neike, as it offers deep insights into how innovations can help industry and consumers to solve the major challenges of our time. He encourages all of us to be bold and creative, and to use innovations to do more with less.

Human learning takes many forms, ranging from those that enable us to learn how to read and write to those (more innate and primitive) that enable us to learn a spoken language, to recognize objects, or even to walk. The recognition that language is essential for the development of innovation ecosystem wasn't clear as today. It is not likely any other idea in human history has had such a large impact on the way we think today. John Dewey stated:

A problem well put is half solved.

Hence, let's try our best to actively connect and brainstorm on various innovative topics as always. I discovered that majority of us (both academia & industry) who are struct in technological ambivalence shares an image so powerful, so controlling, that it shapes our entire experience of deciding what to do about any iffy technology: the image of a balance scale. The image of the balance scale lies at the heart of how most people deal with stay or leave decision. The below talk by Tim Harford, talks about "slow-motion multitask" approach which can help us deal with such situations more effectively.

The twentieth century saw new technologies appear every few years, and since then the pace has increased. Backward vertical integration has been the cornerstone of the evolution and growth of various industries.

In fact, its is the exponential rate of development of these technologies, more than anything else, that has resulted in the scientific and economic developments of recent decades.

In coming future new issues will continue to arise. Important priorities will come into conflict hence let us learn about Innovation ecosystem and its various stakeholders in the next article. Till then stay tuned.