The continuing financial Tsunami has ceased to make waves. We ought to have seen it coming but were too scared to open our eyes. Like we’ve done in the past – all we’ve ever learnt to do is to solve problems based on ‘fitting historical patterns’ – we believe that we’re at the bottom of the economic downturn and things will look up from here on. Anybody noticed that the slide has been going on since September 11, 2001? And we’re satisfied waiting. The time for innovation is here and is urging us to do something – differently.
Talk to technology and business people and they will tell you that innovation is a tool. Therefore researching a need and then developing a solution to address it is called innovation. Then why call it innovation, why not keep calling it R&D? Are we simply using the word because it sounds nicer? Continue reading