Technology

Parsimonious Innovation

In the field of innovation, as in many endeavors in life, there is a constant tension between simplicity and complexity. When we see a new idea applied in the form of an innovative solution to a problem, we are sometimes astounded by the simplicity of the idea, thus generating the oft-heard quip “why didn’t I think of that?”.

Read More »

The New Industrial Revolution

Most ideas go unnoticed because they require investment capital and distribution to make their way into the physical world. That’s beginning to change. While your ability to start a successful business still depends greatly on the place and situation of your birth many of the barriers to getting ideas to market are disappearing. We’re in the midst of a new industrial revolution, which is cleaner, more efficient and more inclusive.

Read More »

Innovation and the Base Rate

Suppose you're told that three out of four car accidents happen within 25 miles of your home. Are you safer driving away from home? Based on this statistic alone, most people would assume they are safer. But the picture changes when you consider an important part of this scenario called the base rate.

Read More »