Innovation is a critical component of human progress, driving economic growth, improving quality of life, and advancing social and environmental goals. It refers to the process of developing new ideas, products, services, and technologies that meet current and future needs and challenges.
This video from Bill Gates chronicles the 71 most amazing innovations of all time:
Here are some reasons why innovation is important to business:
- Economic growth: Innovation drives economic growth by creating new markets, increasing productivity, and generating new job opportunities.
- Competitiveness: Innovation helps organizations to stay competitive in the market by improving their products, services, and processes, making them more efficient, effective, and valuable to customers.
- Improved quality of life: Innovations in healthcare, transportation, education, and other areas have significantly improved the quality of life for people around the world, making them healthier, safer, and more connected.
- Environmental sustainability: Innovations in green technologies…
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This is a good thoughtpiece if you are watching GREAT AUSTRALIAN STUFF compered by Tony Armstrong and supported by the researchers of Australian material culture.
Though I note that many of the innovations here are postmaterial or transmaterial.