Sunday, September 10, 2006

TEN WAYS TO THINK ABOUT INNOVATION

The “2006 Young Innovators under 35” is out. Quite Happy to see Indian’s making a mark in the list. Also came across the article on “10 ways to think about Innovation"

The ideas stem from top innovators of the century, so definitely worth a read.

1) Successful innovators are famously untroubled by the prospect of failure.
2) Many innovators appreciate failure (Was surprised to see this initially). When doesn’t go on technologies that fail, you're not pushing the boundaries enough. (Thinking out of the box)
3) Problems and Questions are the limiting resource in innovation
4) Innovators find inspiration in disparate disciplines. The brain is "the ultimate computer,"
5) Innovation flourishes when organizations allow third-party experimentation with their products. Astonishingly, the fruitfulness of an open society is still unappreciated by some commercial technologists. (Very much true)
6) Fra­gility is the enemy of innovation: systems should boast broad applications and be unbreakable. (Absolutely against the software terminology)
7) Real innovators delight in giving us what we want: solutions to our difficulties and expansive alternatives to our established ways.
8) Sometimes, we are perplexed by our ignorance of our own needs. "You have to solve a problem that people actually have” (Piece of advice to make money out of your most innovative product)
9) Successful innovators do not depend on what economists call "network externalities"
10) Many innovators become technologists because they want to better the world. Shiladitya Sengupta says “You can do top-notch research, but at the end of the day, it should actually benefit mankind.” (Quite contradicting with all previous points)

My Take: Innovation spring from the problems we come across every day. Necessity is the mother of invention, day to day problems and solutions are road to innovation. India, is always a better place to find, many problems free of cost. Problems are large, but solutions in the form of innovations?

Category:

No comments: