i.want.world

banking.economics.sustainability and other shiny stuff

  • on information and innovation

    • 2 Feb 2012
    • 0 Responses
    •  views
    • information innovation thinking
    • Edit
    • Delete
    • Tags
    • Autopost

    Sometimes I am at awe of the amount of information that we have generated and stored. Many have postulated that as economic cost of storage exponentially decreased, we will perpetually expand the amount of information produced - an exponential increase of information over time. Its positive repercussions, however, are not easily observed.

    Given our current level of environmental control, progress and information accessibility, I am quite baffled of how far some individuals can come to be able to operate within our given habitat without even having a minute level of apprehension or, at most, acknowledgement of its complexity.

    We have teachers who can't perceive how a calculator function yet they are endowed with knowledge enrichment and distribution; dentists who can't describe how might an electric motor work yet everyday it is used in their drills and recommended as such as in an electric toothbrush.

    Arguments of which that have enabled many to conclude that we have now reached an innovation plateau due to the overspecialization of our métiers. Where in the 19th century, a mathematician may have proven a theorem in her 20s, but now it must take her a decade more to accomplish an equivalent task. The theory is that there is much more material now to be learned and that requires a longer time to have successfully contributed to one's respective field.

    Additionally, an innovators lifecycle tended to be more productive at a younger age as shared by von Neumann and many other eminent scientists and mathematicians. The sentiment is that the early years of the innovator are spent in training. Thus, the expanding time costs of education delay the onset of active innovative careers.

    This possibility poses a problem for innovation as it reduces, ceteris paribus, the lifetime output of individual innovators, especially if their potential is greatest when young. It has also been proven that innovations in the past tended to occur when an individual crossed pollinated ideas across fields. These connections are not easily made in our current time, as the distance of knowledge within studies has widen.

    Indeed, our repository of information may be exponentially on the rise. The question whether that will contribute to our knowledge augmentation is not a certain byproduct. This phenomenon may though undoubtedly increase the complexity of our environments. However, more and more information does not presuppose knowledge augmentation; most of these data bits will be just junk. Innovation has other uphills to overcome.

    • Tweet
  • the new wave is open collaboration

    • 8 Jul 2009
    • 0 Responses
    •  views
    • collaboration commerce diplomatic goods innovation
    • Edit
    • Delete
    • Tags
    • Autopost

    476787529_68150b5f97_b

    A recent article in MIT Sloan Review has posed the question whether one's firm should embrace it or not.
    What, though, I admired most about the post was that the authors, Bougreau and Lakhani, addressed the topic of business models.


    What's the Business Model?


    Whether a company's product is a computer operating system, a social network, a motorcycle, a kitchen appliance or even a board game, the decision to open it to external innovation means that the product will be transformed into a platform. And to generate revenues from that platform, executives need to think about the nature of the accompanying business model.

     


    I could not have said it any better. This is a question that is rarely neither confronted nor thought of by the recent Social Media scene.

    I think we all do agree that there is no question that leading firms undoubtedly do adopt some form of open innovation, the article tackled however how to best position oneself in deciding which type of open innovation to select, whether it be " a collaborative community or a competitive market"


    The answer however "... depends on three crucial issues," the article concluded.

    • Tweet
  • disruptive innovation

    • 14 Jan 2009
    • 1 Response
    •  views
    • innovation
    • Edit
    • Delete
    • Tags
    • Autopost

    A couple of years ago I first heard the story of Markus Frind, the founder of dating website PlentyofFish.com who, it was said, worked about an hour a day on his site and was making $10,000 a month. That was annoying enough. Now, a recent profile of Frind in Inc. magazine says Frind works an hour a day and brings in $10 million a year.

    I bring this up not to annoy you, but to point out that Frind has built his fortune mainly by following the disruptive playbook. His “blueprint,” as he described it to Inc.: “Pick a market in which the competition charges money for its service, build a lean operation with a "dead simple" free website, and pay for it using Google AdSense.”

    More

    via Innoblog by Renee Hopkins Callahan on 1/13/09
    • Tweet
  • experimenting and innovating in a new online society

    • 8 Aug 2008
    • 0 Responses
    •  views
    • diplomaticgoods innovation startup web 2.0
    • Edit
    • Delete
    • Tags
    • Autopost

    The allowed possibilities of cheap communication tools and Google are ever more becoming an inconceivable paradigm shift to how we express ourselves and conduct businesses – at least for me.

    It is horrifying however to imagine that some CEOs of large corporations and head of governments do not posses the slightness notion of this metastasis.   Creativity has gain new meanings. It is an age of talent abundance.  One may experience this with just one video of Youtube, a platform where every minute 10 hours of video are uploaded. Yet it seems the people who make important decisions that affect us all are afraid to experiment.  To quote leading innovation author Scott Berkun of HBS:

    Experiments fuel creativity and change. Experimenting means you are intentionally going off the map and pushing beyond the status quo: you are doing something for which the outcome is uncertain, and doing it on purpose. It's that uncertainty that creates the potential for big positive change.

    The problem is that most business managers hate experiments. They want guaranteed returns. Predictable profits. Introducing uncertainty works against what they're trying to do. The comedy is that whatever profits they're talking about protecting originated from the founders of the company doing a huge experiment: starting a new company.

    Experimenting leads to the risk of not knowing what the outcome will be. It is a learning process that ushers creativity and innovation and which displaces us from the norm. 

    I believe creativity has always been part of us.  We now have however a public audience and we can be assured that our work will be made permanent. Despite other’s reluctance to embrace innovation democratization, I remain steadfastly with the belief that the future society will be govern by rules which ourselves have no control over.  Jeff Carvis explains:

    …a new society… [with] the rules of that society, built on connections, links, transparency, openness, publicness, listening, trust, wisdom, generosity, efficiency, markets, niches, platforms, networks, speed, and abundance.

     

     

    • Tweet
  • About

    Founder of
    Diplomatic Goods

    LinkedIn

    94881 Views
  • Archive

    • 2012 (35)
      • May (6)
      • April (4)
      • March (6)
      • February (8)
      • January (11)
    • 2011 (76)
      • December (9)
      • November (4)
      • October (10)
      • September (1)
      • August (2)
      • July (1)
      • June (8)
      • May (5)
      • April (6)
      • March (9)
      • February (7)
      • January (14)
    • 2010 (61)
      • December (6)
      • November (7)
      • October (6)
      • September (7)
      • August (2)
      • July (4)
      • June (6)
      • May (6)
      • April (3)
      • March (5)
      • February (5)
      • January (4)
    • 2009 (53)
      • December (5)
      • November (4)
      • October (7)
      • September (4)
      • August (4)
      • July (4)
      • June (3)
      • May (7)
      • April (5)
      • March (3)
      • February (4)
      • January (3)
    • 2008 (78)
      • December (5)
      • November (4)
      • October (6)
      • September (11)
      • August (17)
      • July (35)

    Get Updates

    Subscribe via RSS
    TwitterFacebookFlickr