New Technology 2012 Lecture 03 - Technology Innovation

Copyright © 2012, Ólafur Andri Ragnarsson

Lecture 03Technology Innovations

“I have not failed. I've just found 10,000 ways that won't work.”

– Thomas Edison


Process by which an organization transforms labor, capital, material, and information into products and services of greater values

Technology


The value you get out of a product for which you have paid some cost

Product Performance


The change in the technology

Innovation

How does innovation happen?


The Brilliant Scientist working in his lab


Copyright © 2012, Ólafur Andri Ragnarssonhttp://en.wikipedia.org/wiki/Nikola_Tesla

Nikola Tesla

Menlo Park1876-1881


Tomas Edison

How does innovation really happen?



"We take the ideas we've inherited or stumbled

across, and we jigger them together into some new

shape." – Steven Johnson

Where good ideas come from by Steven Johnson


Chance favors the connected mind



Ideas build upon Ideas

Every generation of technology becomes a source for new innovations


Web of TechnologyProducts are made using different parts using many technologies


Complexity of Technology


Toaster

Thomas Thwaits: The Toaster Project



Think about thisWhy was the computer invented in the 1940s and not in the 1840s?


Charles Babbageworked on his difference engineand later analytical engineIn 1822-1871


Ideas usually come at similar time


Adjacent Possible...a kind of shadow future, hovering on the edges of the present state of things, a map of all the ways in which the present can reinvent itself.

Steven Johnson

The period 1870-1914Innovations in the chemical, electric, petroleum and steel industries


The Second Industrial Revolution

Copyright © 2012, Ólafur Andri Ragnarsson Image source: http://www.computersciencelab.com/ComputerHistory/HistoryPt4.htm

Vacuum tubes where used to build computers


Adjacent PossibleThe inventor must use the components that exist in his environment

Steven Johnson


Source: http://www.businessweek.com/innovate/content/jan2008/id2008012_297369.htm

Bill Buxton’s Long nose of Innovation

The Long Nose of Innovation


Source: http://www.britannica.com/EBchecked/topic/187881/Douglas-Engelbart

Douglas Englebart 1965 Apple Macintosh 1984

Any technology that is going to have significant impact over the next 10 years is already at

least 10 years old


Source: http://www.businessweek.com/innovate/content/jan2008/id2008012_297369.htm


The 10/10 Rule10 years to build a newplatform, 10 years for itto be adopted

Steven Johnson


The Medici Effect


The Coffee House


The Liquid networkA good idea is a network. Innovations happens with collaboration

Steven Johnson


The importance of cities


The Liquid networkInnovations happen when ideas are shared

Steven Johnson


Sir Isaac Newton


The Slow HunchA lot of ideas linger on, sometimes for decades, in the back of people’s minds

Steven Johnson

What do the following products have in common?



LSDPost-it notes Viagra

Teflon

Penicillin


SerendipityThe accident of finding something useful or good without looking for it

Steven Johnson


"In the fields of observation chance favors only the

prepared mind”- Louis Pasteur


Adjacent possible

Liquid network

The Slow Hunch

10/10 RuleSerendipity


NEXTEvolution of Technology


THINK ABOUT THISWhat will be the major

technology innovation in

2012

New Technology 2012 Lecture 03 - Technology Innovation

Technology

Transcript of New Technology 2012 Lecture 03 - Technology Innovation