Amazing Trends Towards Innovation Essay Example

Advancements in the use of technology, and the Internet, in particular, have been hailed for their contribution towards making the world a global village. One valuable contribution to this was the development of social media platforms, most of which have revolutionized the way individuals conduct business and communication in general. The use of platforms such as Twitter, Instagram, and Facebook have made it possible for individuals to bridge distance and continuously keep in touch. Furthermore, such platforms have also boosted business since companies have resorted to their use for such reasons as advertisements and marketing to reach a broad array of worldwide clients. The fact that such adverts can be customized makes it particularly easy to reach only the target market.

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Save 25%

A new invention often faces appraisals by either being approved or disapproved. This is done by an analysis of the invention and how it would improve the lives of people. A lot of innovation has taken place with time. Advancement in technology has been occurring from the previous to the current centuries. Some people claim that the rate at which innovation and technology are taking place is slowing down since they base on growth statistics; increased inventions which do not improve the economy; and basing on proofs of one's senses which show that with increased inventions, economic growth has been retarded. It is apparent that we are in a series of rapid bust of new technology due to the following; inventions such as robots and computers which automate work; the need to increase wealth; the need to adapt to the latest innovations; coming up with ways of controlling technology; the necessity of creating conducive environment to accommodate innovations; and entrepreneurs taking advantage over drop in business dynamism.

Primarily, according to Spotlight on Man and Machine by Harvard Business Review, Army Bernstein who is an HBR editor together with Anand Raman who is also an editor interviewed Brynjolfsson and McAfee from MIT school of management; he agrees that trends in innovation are likely to increase with time to satisfy the demand of supply. They insist on the need to be fluid with changes brought about by innovation to be accommodated by such changes. They acknowledge the effects of innovation and technology such as the creation of wealth, automation and the need to adapt to the invention. Despite the rapid increase in innovation, they insist that there are those who will benefit while others will lose. Since technology is improving, robots are learning and doing things at a fantastic pace, similar to computers. Digitization is also disrupting the economy by rendering the less skilled jobless while favoring the technologically proficient. However, through their research on the effects of technology on the economy, they found out that due to increased innovations and technology, there has been job displacement where machines replace the less skilled. Besides, the big winners would be companies which are technological giants. Apart from that, the margin between the rich and the poor has continuously become broad, making the middle class even thinner.

On the other hand, according to Innovation Pessimism by The Economist, published on January 12, 2013, there are claims that innovation is declining. Their claim is based on three aspects. The first aspect is increased inventions with no impact on the economy. The author adds that according to pessimists, "there are more people in research, they are doing less good (Innovation Pessimism 4)." The government of USA, according to those supporting the decline in innovation claim that is allocating a lot of resources to research and development leading to a rapid increase in researchers, who are not improving the economy. Besides, proofs of one's senses indicate that human beings generate no progress in inventions since everything is left for computers yet ideas. They add that despite increased research in the field of medicine, some people still suffer from various diseases like cancer. They base on economic growth statistics which is divided into extensive and intensive growth. Extensive growth is based on increasing the number of various things including work input and funds to improve the economy, whereas intense growth focuses on coming up with new ideas to improve life but in turn not growing the economy.

Nevertheless, there shall need to adapt to new inventions since most of the people wish to be beneficiaries of innovation. This is part of increasing the branch of innovation as they will work on figuring out on how to fit in the innovations. Advancement in technology requires technical knowledge and approach to be able to interact with the new environment. It is, therefore, essential to make sure that you are part of the new life. One who is against inventions is least likely to gain from it and should, thus, learn to adapt to innovations.

Automation of tasks has been made simpler. With the invention of robots and computers, functions which were manual have been automated. Robots are versatile and diligent. Similarly, they do not find some tasks boring. Artificial intelligence has simplified things since some robots have senses just like human beings, leading to increased interest in innovation. They can interpret some facial expressions better than human beings.

Since the pursuit of wealth is a necessity for most of the people, technological companies are coming up with ways to achieve that. They can use the valuable ideas and duplicate them. That is duplication on of wealth. Since most of the people are in pursuit of wealth, more technological inventions are underway. Companies which manufacture phones have increased profits since the world is becoming digital and there is high demand for such commodities. That leads to increased research on how to improve the manufacturing of products.

Entrepreneurs have a chance to take advantage of the drop in the dynamism of business by working on their entrepreneurship skills to fill the gap that technology has failed to bridge. It is a wakeup call and appropriate chance for them "to think of ways of using humans in new applications, combining them with technology (The Great Decoupling 8)." to make their lives better. It is necessary to work both with humans and technology for the best results.

Human beings have to come up with ways of taking charge over technology to gain profits. The rate at which technology is advancing is not only surprising but also amazing and needs to be controlled by human beings. There is an increasing rate of innovation since it has proved to be productive. Technology should improve the lives of almost everyone. According to the author "the power to do that rests with us human beings" (The Great Decoupling 9)."

Finally, the need for creating a conducive environment for technology helps to boost innovation and technology. For that to be achieved, there are key areas to focus on. We need to concentrate on necessary technology rather than technology which has been applied. This will create room for coming up with new ideas than based on what already exists. Primary and secondary schools should teach what a computer cannot do and should be valuable. Besides, policy on immigration should be adjusted. Strict immigration policies prevent entry of immigrant who adds creativity and problem-solving skills. Also, focus on improving infrastructure to make future life better. Lastly, entrepreneurship skills should be embraced.

Conclusion

In conclusion, the need to take advantage of a drop in the dynamism of business gives room for entrepreneurs to develop on their skills to improve economy; the fantastic rate of advancement in technology needs to be controlled by human beings, to avoid destruction of the economy; the need to adapt to new inventions will create harmony between technology and human beings, hence, increasing productivity; the necessity of pursuit of wealth creates room for coming up with ways to get profits which boost the economy; coming up with ideas to take charge over innovations will help maintain economic stability; and finally automation of activities to increase productivity in industries.

Works Cited

"Innovation Pessimism Has the Idea Machine Broken Down?" The Economist, January 12, 2013.Print.

"The Great Decoupling. " Spotlight on Man and Machine, Harvard Business Review, June 2015.