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Innovation Might Be Alive and Well, But Who Really Benefits Anymore?

Following the economic meltdown in 2008, there have been good things and then not-so-good things to come from it. One of those good things to come from it was the line of innovations that created the tech boom we know today. Innovation is at the heart of adjusting to change. We solve problems and improve the existing. However, in this ZD Net article, author Rachel King poses this question:  “Could more innovation—or lack of thereof—be one of the contributing factors to a pending downfall?”

Innovation IS Indeed Live and Well

While some business and technology innovators believe that entrepreneurs have “lost the will to innovate,” King quotes that business leaders such as Virgin Group founder Sir Richard Branson and Google X Vice President Megan Smith believe that innovation is indeed live and well. In fact, Smith points out the annual worldwide Google Science Fair for middle and high school students covering subjects of technology, engineering. As quoted by author Rachel King, Megan Smith says “the levels of science and ingenuity that come out of 13- to 17-year olds is so impressive.”

Using Innovation to Help Others

What needs to be done now is to give a helping hand to entrepreneurs in other countries, because there are gaps between the business sector and social welfare.  As Branson predicted, “We could have a world over the next 10 to 20 years where we could pull the majority of people out of poverty,” but it is going to take a lot of work, dedication, and regulation now to achieve those goals.

To read the full article, click here:

About Gavin Martin

Information systems architect / technical design authority with over 20 years experience delivering small-scale through enterprise systems to commercial, finance and government customers.

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