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A Grand Challenge:

Building the Linguistic Web 3.0

The opportunity is to develop prototypes and initiate businesses to usher in the next generation of Internet technology, “Web 3.0”. Web 3.0 will offer ubiquitous speech understanding, GPS location awareness, and mobile phone access to Web content.

You will know Web 3.0 is here when you find yourself talking (not typing) on mobile phones to access Web content on a regular basis; when speech-recognition translates your spoken requests, when GPS on the phones knows where you are, and the Web is able to understand your natural language sentence structures. At this point, the Web will guide you to locations you want to visit, to products you want to buy, to friends you want to see, and to information you (or others) may have virtually stored in real-world physical locations. It will record your life story: your words, your pictures, your likes & dislikes, the people you visit, and your business transactions. It will educate you and your children by providing convenient anytime/anywhere access to all the world’s published knowledge. It will keep you in constant touch with the creation & flow of news from around the world and across the street. It will transform what you buy, how you are entertained, where & what you eat, the friends you maintain, how your medical care is delivered, and how you are served by police & emergency services. In short, you'll know Web 3.0 is here when you feel that being denied access to it would cut you off from your friends, family, employment opportunities, entetainment possibilities....the essentials of "life" as you'd like to live it. That's Web 3.0.

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Innovation

The Wealth of Nations is ultimately derived from “industrial  machinery” that converts raw energy and raw materials into goods and services, with varying degrees of automation (which is a measure the degree of amplification of human energy input to the system).

The greater the degree of automation, the greater the efficiency in wealth creation.  The greater the rate of innovation in automation, the greater the rate of economic growth (all else being equal).

•Wealth production is positively correlated to the quality of  infrastructure: Legal system, Transportation system, Communication system, Education system, Defense system, Banking system, etc. However, the beneficial contributions of these systems can be blunted by excessive concentration of power in procedures or the hands of functionaries.
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In general , wealth production is gated by an overarching principle that applies to all constituent organizations in economies and businesses: the power distribution principle. The more broadly distributed wealth & power is in a nation,  the more successful the nation will be. The same applies to businesses, corporations, and design teams. Power sharing is beneficial.

The longer an economic system operates without centralizing control, and without proliferation of rules and regulations, the larger and more wealthy it can grow.

The progress of civilization, with the recent explosive economic growth of the last 30 years, is a direct result of automating industry & infrastructure, distributing power broadly, and the emergence of Global Economic Ecosystems. The advent of pervasive communication is playing a central role in the progression of automation.

References:

  1. SethGodin advice on championship & innovation
  2. A Grand Challenge for Singapore
  3. Balanced Scorecard
  4. A talk on speech technology and entrepreneurial opportunity
  5. A talk on leadership, innovation and entrepreneurial activities
  6. A talk onother aspects of leadership and innovation
  7. Richard Florida's views on regional advantage and creativity
  8. More Richard Florida: the Rise of the Creative Class
  9. US Mission to understand innovation and entrepreneurship

 

 

Free Prize Inside --- Seth Godin----Some quotes, some my paraphrases

1. The key to innovation is a motivated champion: You must create desire, discipline and guts to do the difficult work of creating innovation. Without a champion, the myriad of obstacles thrown up in front of any innovation will eventually kill the innovation. No organization innovates. People innovate. Successful innovations always have a champion behind them.
2. Since the beginning of time, kids have nagged their parents to buy the product with the free prize inside. In an era where there are so many products in every product category, products must be remarkable not boring. Consumers always want more than they say they want. Sometimes they want the free prize more than the product itself.
3. In any industry where people make decisions, style matters.
By watering down and edgy idea, you kill it. Well-meaning people and organizations intending to keep costs down, kill innovations. Safer, easier to build, make it more mainstream, more easily understood,... kills it.
For more quotes, click on the link.