Why is research & development so important in this technological age?
From the invention of the printing press to the telephone, the radio, and the Internet, the ways people collaborate change frequently, and the effects of those changes often reverberate through generations. There is a clear link on the disruptive impact of technology on how people live and work—and on the economics of what we make and consume.
The idea of open-source software as an alternate way of making operating system-scale code bases, that’s only possible when communication is so abundant globally that it may as well be free. So that’s the first set of effects you see.
A 2013 update suggests:
Consumer surplus has nearly doubled, to €250 billion. Three-fourths of the incremental surplus results from the explosion in consumer use of the wireless web through smartphones and tablets—propelled by the migration of web services, communications channels, social media, and entertainment to these wireless devices.
The internet reaches 30% of the global population and there are more than 2bn users worldwide.
North America leads the world for internet penetration and 24% of people online ‘can’t live without the internet’, 41% of people online ‘need the internet in their everyday life’.
Some organizations are creating new technology forums, building the expertise of corporate directors, and strengthening IT governance—all with the aim of allowing boards to guide management by asking the right questions about technology.
According to a study on online evolution – 78% of respondents stated that achieving software & digital transformation will become critical to their organizations within the next two to five years.”
Toward a circular economy
A circular economy will come only when multiple players across the business and research communities, supported by policy makers and investors, come together to reconceive key manufacturing processes and flows of materials and products. Should that happen, researchers conclude that the benefits would be huge.
Innovation potential. Redesigning materials, systems, and products for circular use is a fundamental requirement of a circular economy and therefore represents a giant opportunity for companies, even in product categories that aren’t normally considered innovative.
Technology is making boundaries between industries and providing opportunities for attacker models. For example, in the banking industry, online consumer-payment products such as Square— a mobile app and device that enables merchants to accept payments—are challenging traditional payment solutions. Free Mobile, a French telecommunications attacker, has captured significant market share by offering inexpensive mobile voice and data plans, in part by offloading some of its traffic onto the home Wi-Fi access points used by its broadband customers.
Technology is becoming an arms race. Companies are harnessing technologies such as social media and location-based services to reinvent the customer experience and capture market share.
And while all this happens, competitive economic growth, entrepreneurial attributes and new research is essential in a healthy environment.
We are keen on playing with new technologies, finding solutions to todays and tomorrows’ problems and making the best out of existing information to help improve world technological standards.