{"id":5290,"date":"2023-06-01T10:00:40","date_gmt":"2023-06-01T17:00:40","guid":{"rendered":"https:\/\/berkonomics.com\/?p=5290"},"modified":"2023-05-19T13:19:02","modified_gmt":"2023-05-19T20:19:02","slug":"could-you-be-the-next-ford-jobs-or-musk-2","status":"publish","type":"post","link":"https:\/\/berkonomics.com\/?p=5290","title":{"rendered":"Could you be the next Ford, Jobs or Musk?"},"content":{"rendered":"

Well, it\u2019s a fair question. <\/strong><\/p>\n

Note that none of these three famous innovators were inventors like Thomas Edison, but\"\" visionaries who see a new marketplace or niche or how to reach the mass market in ways not previously attempted.<\/p>\n

Innovation does not always equal invention.<\/strong><\/p>\n

Leaders and companies that innovate new products, services and methods of delivery are the ones that stand out in a crowded business world, especially when attempting to gain recognition among the throngs of competitors visible on the web.<\/p>\n

And innovation is what creates value.<\/strong><\/p>\n

Innovation is valued by our society, by investors and certainly by consumers.\u00a0 It is the focus for state and federal governments worldwide, many finding ways to reward innovators with tax incentives or investors with tax credits to finance innovative new enterprises.<\/p>\n

My experience describing innovation.<\/strong><\/p>\n

As a keynote speaker on technology trends, I often started presentations beginning with a short history of innovation in the United States, using the twist of examining innovation through the lens of 150 years of cyclic bursts of bubbles, leading to subsequent recessions and depressions.\u00a0 It is not hard to find strands of gold in the carnage left by failed businesses lost when a bubble bursts, such as in 1857, 1902, 1929, 2001 and 2008.<\/p>\n

Sometimes, innovators enable unfinished visions of others.<\/strong><\/p>\n

[Email readers, continue here…]\u00a0<\/em><\/span> \u00a0Innovators make use of golden strands of opportunity left when the unfinished vision of another cries for completion, or when a genuine new concept changes the very way people think about their lives.<\/p>\n

ARPANET becomes the Internet.<\/strong><\/p>\n

\"\"Leonard Kleinrock and a few of his UCLA computer lab students worked to send the first several text characters from UCLA to Stanford in 1969 over a direct line established for the test. \u00a0They could send only the \u201cLO\u201d of \u201cLOGON\u201d before recording the very first crash of what was to become the Internet.\u00a0 And I\u2019m sure they had no idea what they were fathering with that effort which eventually became ARPANET, and then of course, the Internet itself.\u00a0 They had no mantra, and a limited vision to connect mainframe computers to share academic information.<\/p>\n

The Internet and AI \u2013 new opportunities for innovation.<\/strong><\/p>\n

How many entrepreneurs used that new Internet infrastructure to create an expansive vision of what could be?\u00a0 Tim Burners-Lee wanted to use it to create a friendlier \u201cweb\u201d of pages, sharing data like the pages of a massive library of books extending throughout the world.\u00a0 The result was the worldwide web, upon which Mark Andreeson and his crew in Chicago built the Mosiac browser with his vision to make this data more available to anyone.\u00a0 Which in turn allowed innovators worldwide to create applications inside a browser, share detailed information previously locked inside libraries and corporations, and ultimately to change the world by making the exchange of information frictionless.<\/p>\n

So, who will be the next Ford, Jobs, or Musk for AI?<\/strong><\/p>\n

We can\u2019t help but be amazed by the rapid developments in artificial intelligence and\"\" artificial general intelligence (AGI). \u00a0Yet, so far, we have the foundation, thanks to development teams at OpenAI, Google and Microsoft among others. \u00a0It won\u2019t be long before we hear names of innovators who invent new uses for AI forming highly profitable companies around the work of inventors who laid the groundwork for these yet to come applications.<\/p>\n

What about Edison, Bell and tesla?<\/strong><\/p>\n

We can look back to Ford and other visionaries who were not inventors as well as Edison, Bell and Tesla who were inventors – as great innovators of their time. \u00a0And perhaps the most impressive invention of recent times is the result of hundreds of people, firms, and institutions, each adding a new brick to the building of the Internet and AI.<\/p>\n

Now we have the infrastructure for innovators to create applications with open-source software \u2013 building innovations for mobile, artificial intelligence, virtual reality, augmented reality, blockchain and drones.\u00a0 And millions of innovators are at work extending these capabilities.<\/p>\n

So, could you be the next Ford, Jobs, or Musk?\u00a0 <\/strong><\/p>\n

You don\u2019t have to invent the next big thing, just see the place where you can fit technology into a new, much larger environment.<\/p>\n

And who said that \u201cEverything that can be invented has been invented?\u201d<\/em>\u00a0 Ah yes. That was Charles H. Duell, U.S. Commissioner of Patents in 1899.\u00a0\u00a0 Oops.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Well, it\u2019s a fair question. Note that none of these three famous innovators were inventors like Thomas Edison, but visionaries who see a new marketplace or niche or how to reach the mass market in ways not previously attempted. Innovation … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5290","post","type-post","status-publish","format-standard","hentry","category-ignition-starting-up"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/berkonomics.com\/index.php?rest_route=\/wp\/v2\/posts\/5290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/berkonomics.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/berkonomics.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/berkonomics.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/berkonomics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5290"}],"version-history":[{"count":0,"href":"https:\/\/berkonomics.com\/index.php?rest_route=\/wp\/v2\/posts\/5290\/revisions"}],"wp:attachment":[{"href":"https:\/\/berkonomics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/berkonomics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/berkonomics.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}