Government does not always appear to be driving innovation, notes Scott Gregory, chief digital innovation officer for the California Department of Technology. But several technology-forward state and local governments are changing that.
With the cloud channel revolution, the bar to innovation has been lowered in terms of committed capital and time to market. The newest generation of tech companies uses hackathons and the latest methods of collaborating with entrepreneurial, self-taught coders to reach business decision makers (BDMs).
One of the primary justifications we hear for why patents are social goods is that they encourage innovation. Specifically, the argument goes, patents incentivize companies and individuals to invest in costly research and development that they would not otherwise invest in because they know they will be able to later charge supracompetitive prices and recoup the costs of that development.
Is there a relationship between innovation and chances of long-term prosperity? Intuition would lead one to think there has to be. But, does data support this assumption? The results are more complicated than counterintuitive.
“Innovation and creative endeavors are indispensable elements that drive economic growth and sustain the competitive edge of the U.S. economy.” Thus reads the start of the executive summary for the 2016 update to the Intellectual Property and the U.S. Economy...
Data is vital to both growing the economy and addressing important social problems, and Congress has many opportunities to pave the way for more use of data in the public and private sectors. This report lays out 10 concrete steps Congress can take in 2017 to accelerate how data is collected, shared, and used in the United States.
Innovation has always been the engine of American prosperity. Inventive genius has brought forth countless life-improving services, products, and solutions, and fueled the American dream. But what about innovating innovation? What new ideas and approaches are helping to keep invention flowing? Here are four areas where novelty is being harnessed to keep the nation’s innovation ecosystem fertile and strong.
Innovation. Every company talks about what it is, how to achieve it, why it is needed, what it costs. However, one of the core ingredients often missed is diversity. Silicon Valley has long suffered from a diversity problem, and it could be stifling the innovation it has been built on.
Coupled with the lack of an updated defense research and development (R&D) strategy to help focus U.S. investments and rally the U.S. R&D community, inefficiencies in the U.S. defense technology pipeline (where decades can elapse before an innovation finds its way into the hands of the warfighter), are crippling the technology advantage of the U.S. military. The United States must act purposefully and with urgency to reclaim U.S. leadership in defense innovation and restore America’s technological advantage.
FCC Chairman Ajit Pai's announcement that he will seek to restore U.S. innovation policy to the modern, bipartisan approach that has guided the internet's growth and evolution in our country for more than two decades is a huge win for consumers, our connected economy and our digital democracy.