"There is no first-principles definition for #innovation."
"How could a company start with selling books online when people want to see a book in person and look through it? Nonetheless, @amazon survived..."
Before Amazon, Books.com on TelNet, later bought by B&N
"We usually credit the transformatory impacts of #innovation to Austrian economist Joseph Schumpeter and his idea of #CreativeDestruction, that entire sectors were turned over and products from the past erased by products currently developed."
On @RELenski's Long-Term Evolution Experiment (#LTEE) — looking back thousands of #Ecoli generations, researchers found precursor "scaffolding" mutations that permitted later major metabolic innovations but were themselves not responsible for them.
"Because cell phones become a necessary part of what we are, for most of us, and we're willing to pay the price, it's difficult to think of most of these novelties as innovations."
Sometimes major innovations never see the light of day because they're perceived as non-competitive.
"The idea is there, the patent is there, it's in the public domain, and numerous researchers have tried to revive it. But there has been no marketed device based on this."
1) "The cell phone did away with the bottom three. Internet has done away with the top three." #CreativeDestruction
2) On the diffusion of #innovation via #EarlyAdopters:
"Can we call an innovation something that invades only 10% of the market? 50%?)
"What will be the next innovation? We see these macro transformations over the last 100 years. We do not know if #QuantumComputing will ever see the light of day."
Notable differences between bio & tech include goal orientation, theory...
"I think one of the ingredients we'll need for a first-principles theory of #innovation, first of all, is this notion of 'surprisal.'"
"To what extent are there leaps available, or are we exhausting what is potentially out there?"
"A man who was so restless he said he was chased by 10,000 pigs... He spent his entire inheritance on a five-year voyage of South America. They called him 'The Shakespeare of the Sciences.'"
- @andrea_wulf
🧵@UpshotNYT on new research in @Nature, co-authored by SFI External Professor @JacksonmMatt, on what @facebook data reveals about class, friendship, and economic mobility:
• The premodern era is defined by caloric restriction.
• The modern era is characterized by a small number of sellers of #information vs. a large number of consumers (see also #HerbertSimon's remarks on the "poverty of #attention")
First talk this morning by a team including @JenniferKBriggs@gatesdupont@maikemorrison@davidogara_@simon_rella Ian Harryman & Haoyuan Luo on their contagion model ("Hopefully you'll see this published later" may as well be the official slogan of this summer school)