Innovation: Never more imperative
For a quick gauge of innovation’s pace, look back no further than 30 years. Bulky desktop computers took up space and offered limited options for “going online” (via a dial-up modem, of course). In the movie “Wall Street,” investment tycoon Gordon Gekko showed off his state-of-the-art mobile phone, roughly the size of a milk carton. At automobile dealerships, buyers enjoyed an abundant range of choices – albeit exclusively among gasoline-powered vehicles.
Those vignettes, now seemingly the stuff of ancient history, underscore the rush of innovation – particularly within the last decade or so – that has given us, by contrast, the tablet, the smartphone, and widely available hybrid and electric vehicles. All of those advances, needless to say, along with so many aspects of social and commercial dynamics, are intertwined with the ever-growing, transformative reach of online connectivity.
Innovation, always a reflection of the human creative urge, has more than ever emerged as an imperative. This is true not only for the pursuit of business success but for the economic growth and prosperity of nations, as well as the welfare of humanity on an increasingly beleaguered planet. Therefore, government agencies, and not only universities and commercial firms, have thrived as key centers of innovation.