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Kacharagadla Featured Article

The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

CAPACITY TO STORE

The World’s Technological Capacity to Store, Communicate, and Compute Information

The three basic information operations and their most prominent technologies.



World’s technological installed capacity to store information


 World’s technological effective capacity to broadcast information in optimally compressed megabytes MB per year, for 1986, 1993, 2000, and 2007; semi-logarithmic plot


 World’s technological effective capacity to telecommunicate information


 World’s technological installed capacity to compute information on general-purpose computers, in MIPS


 Annual growth of installed general-purpose computational capacity as percentage of all previous computations since 1977 (year t / Σ[1977, year t – 1])



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