R&D

The Undeniable Power of the “Garage Experience”

If you’re like me and a lot of other entrepreneurs and intrapreneurs around the world, then you’ve likely romanticized – at least at some point in time – about what it must have been like in great companies like Apple, HP, Google, and Cisco when they were just getting their start – in their founders’ garages of all places (or ...

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When it’s time to think inside the box

It’s a common call – we want more innovation, disruptive innovation, new options.  We need to think outside the box. It often makes sense to think outside the box.  When the usual thinking hasn’t solved the problem, new approaches are needed.  After all, if the same people are sat at the same table trying to solve the same problem in ...

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Why R&D Spending has Almost No Correlation to Innovation

Why R&D Spending has Almost No Correlation to Innovation

A newly released infographic by Visual Capitalist shows that while the US leads in the amount of dollars spent on research and development ($463 billion), it only came in fourth place with the percentage of GDP spent on R&D (2.79 percent), just over half of the GDP percentage invested by South Korea. Beyond Korea, the US is trailing Japan and Germany.

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Using AI To Support Recombination

  Patented innovations line shelves as shown in the patent library above, and over the years I’ve written a number of times about the increasingly recombinative nature of innovation.  This posits that new innovations are often a combination of existing innovations rather than truly novel ones.  A paper from a few years ago found that roughly 40% of all patents ...

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How IoT is Transforming Unexpected Industries

How IoT is Transforming Unexpected Industries - Innovation Excellence

By the late 1990’s computers became truly transformative, followed by Internet and email as conduits to a continuous flow of information that could be processed, analyzed and turned into action. Today, as digital connectivity transforms physical machines, we’re likely into the early days of a similar productivity boom.

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