Patents are instrumental to our current innovation system. They encourage inventors to share their ideas, rather than keeping them secreted away, by offering the inventor exclusive rights to exploit their idea for a limited period.
Yet they also cost money to administer, and much of this cost is passed on to the inventor. If that cost is too great, then there’s a risk the patent system will fail to do its duty.
Self-driving cars will make stressful commutes a thing of the past, allowing passengers to relax or even take a nap on the way to work. But if the technology already exists then why are they taking so long to hit the road? The following infographic from Click Mechanic and Neomam Studios lists 6 hurdles facing autonomous vehicles that we will have to overcome before we can realize an autonomous future.
The hoverboard is one of those keen technologies promised to us by Hollywood that simply hasn’t become part of our every day world. We’re still craving that futuristic update with bated breath, and now Lexus is getting in on the action. This week, the luxury car maker introduced their latest contribution to high-tech transportation with SLIDE, a cool-looking magnet-driven hoverboard that really works.
Your next big idea will be born out of frustration. It will break you down before it builds you back up, and this idea will test your limits. You’ll be faced with an important question: How far am I willing to go to change my world and potentially the world as a whole?
“Innovation distinguishes between a leader and a follower”– This famous quote by the late co-founder of Apple Inc. – Steve Jobs, one of greatest innovators the world has seen, explains how critical innovation is!
I’ve been thinking a lot about innovation in education over the years and have been intrigued about how much the conversation has changed lately. Did you notice how many proposed sessions for SxSWedu this year included the words “innovation” or “design thinking”? Yes, of course, springtime in Austin is the most likely venue for conversations about innovation in education… but it seems, to me, that innovation may have finally gone mainstream.
Social media platforms along with mobile devices changed how we communicate and do business nowadays. The challenge moving forward is to understand these digital savvy consumers and learn how to engage them on the various platforms. As a business, as a brand, as an enterprise, or any other your job besides building a visible brand is to create a meaningful relationship through some sort of a reward system.
Disruption is not, in fact, something new. Since ancient times, from Aristotle to Ptolemy, leading all the way up to the present day, we have built models to explain how the world works and we act on those models to solve problems. Modern medicine, for example, could not exist without models like the germ theory or the structure of DNA.
The recent Hi-Tech Awards Gala Dinner in Wellington was a fantastic showcase of New Zealand's innovative businesses. But talking to those in the industry after dinner highlighted a worrying fact. A lot of hi-tech businesses are still scratching their heads when it comes to IP strategy.
This is a little surprising because there is no shortage of IP strategy experts and specialists offering their services in New Zealand. Clearly there is more work to be done to ensure our most innovative companies understand the role IP plays in their business.
Imagine walking through a technology version of Willy Wonka’s Chocolate Factory, and it would look a lot like Dell’s collection of engineering labs. Thanks to my recent adventures as a Dell Enterprise Innovation Day participant, I spent the day sneaking a peak at Dell’s version of the next everlasting gobstopper.
In today’s world, small startups can successfully compete with established heavyweights by being smart about how they derive, design and test their products and strategies to find product-market-fit fast.
Ernst & Young (EY) has launched a digital innovation programme to support and accelerate the use of technologies in health and social care. Let's Get Digital will run over the course of a year and will look to partner with innovators who are working to deliver benefits to professional health and care staff, patients, service users and carers by using digital platforms.
The tech start-up world is Jim Lussier’s playground … and it is one cool place.
When Michael Dell led a successful effort to take Dell private in the fall of 2013, one of his first steps was to create a $300 million investment fund, and overnight the company became an important venture capitalist. Industry veteran Jim Lussier was tapped to lead this ambitious effort.
An extensive report about attitudes toward innovation suggests that global brands should think twice about taking consumers' privacy for granted—even in a big-data era in which consumers seemingly are giving up more personal information than ever.
Banks are spending a huge amount on “Technology” too -(just look at these headlines: Headline 1, Headline 2 and Headline 3) . Not only are branches an albatross of cost, but the technology spend is enormous.
Much has been written about open innovation as if it were a new idea, or that tech startups are the secret to its success. It's a lot more complicated than that, and organizations that do it well — like Bayer, Campbell Soup, and the U.S.
To define a complex concept like “innovation adoption,” we must first look at standard definitions and build a consensus-based description that “works” for our specific view of the market. There’s certainly no shortage of academic and business research to work from – namely, the Everett Rogersmodel that uses a normal distribution to segment the market, Geoffrey Moore’s seminal works “Crossing the Chasm” and “Inside the Tornado” that describes specific tactics.
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