These are interesting times for developments and investments in emerging tech sectors. Ford invested $1 billion in Argo AI, and Fiat Chrysler teamed up with BMW and Intel in the race for the driverless car market. Facebook filed for a patent to make augmented reality glasses, putting it in competition with Microsoft’s Hololens and Snapchat’s Spectacles. The limits of cloud computing are beginning to emerge while the uses for 3D printing continue to grow each day to fabricate items like clothing or home construction materials. Genomics firms are suing each other over patents covering the sale of DNA analysis machines. In the Bay Area, The Mercury News reports that California is the leader in green tech but that the strong economy is putting more emissions in the air due to commuters – creating yet more challenges and opportunities.
In today’s environment, organizations are well-positioned to make a powerful, positive impact with their innovation. While many organizations have focused on improving the triple bottom line by increasing their sustainability efforts, or those in their supply chain. However, organizations have relatively extensive resource pools, full of top talent, capital, supplier networks, brand reputation, and more. This means that they are well-equipped to not only make process improvements, but also to truly innovate and invent to make a difference where it’s needed. For example, these innovations in clean technology and medical technology can improve the environment and save lives, respectively.
It is somewhat hard to believe given the influx of high-definition touchscreens today, but there was in fact a time when the world was void of any digital screens. Nevermind high-definition, plasma or fiber optics, much less handhelds, touchscreens and flexible screens. The digital screen may actually be one of the greatest contributors to human technology advancement, as without screens we wouldn’t have had the personal computer movement, the mobile revolution, e-readers, modern health care delivery systems, handheld gaming devices, and much more. The impact that screens have had on media, communications, transportation, entertainment, and education, among other areas, is truly remarkable.
The intellectual property experts here at Innovation Asset Group are constantly looking for new ways to deliver value to the market; we love putting out fires in the IP space. One behemoth of a problem we’ve now addressed is the disconnect between in-house corporate legal and accounting professionals on the one hand, and the outside law firms they dispense dollars to on the other. It is difficult at best for companies to understand how much they’re paying in outside legal fees and the benefits they’re realizing (or not). We’ve solved this by leveraging the LEDES billing standard.
Scientists and inventors today are developing new medical technologies with unprecedented speed and innovation. These new tools enable doctors to diagnose and treat disease and injury in ways that would have been unimaginable just a few years ago.
Every day, enterprising inventors worldwide dream up new ways to solve seemingly intractable challenges. Their ideas have the potential to bring about profound cultural shifts and overcome global problems.