,
3 tweets,
1 min read
Read on Twitter
"Availability bias" about this type of innovation doesn't happen because it's everywhere:
"...the first subsea cable using optical switching at the fiber pair level making it easier to allocate capacity. It is able to carry about 20 times the capacity of the last cable."
"...the first subsea cable using optical switching at the fiber pair level making it easier to allocate capacity. It is able to carry about 20 times the capacity of the last cable."
Innovation today is overwhelmingly created by teams of people often distributed globally and it is happening constantly and relentlessly. Anyone making or selling anything knows this from their daily work. Are there big breakthroughs still? Sure. For example, CRISPR.
"There are all kinds of wonderful new inventions that give you nothing as owners except an opportunity to spend a lot more money in a business that’s still going to be lousy." Charlie Munger
This is a constant reality for any business. Most innovation benefits go to customers.
This is a constant reality for any business. Most innovation benefits go to customers.
