Pace of Innovation

Extracted Attributes

• Definition

  The speed at which technological innovation or advancement is occurring.

• Current Era

  AI Transformation

• Economic Impact

  Value Creation Compression (accelerated growth timelines for startups)

• Primary Catalyst

  Launch of ChatGPT

• Critical Human Skills

  Creativity, Leadership, and Resilience

• Manufacturing Competition

  US (Innovation leadership) vs. China (Cost-effective production)

• Future Dominant Technologies

  Physical AI, including Self-driving and Humanoid Robotics

Timeline

• Research begins on the male birth control pill, serving as a historical example of a slow pace of innovation due to funding and social barriers. (Source: Wikipedia)

  1920-01-01

• Manufacturing of the Ford Pinto begins, cited as an example of excessively rapid innovation leading to unintended safety consequences. (Source: Wikipedia)

  1960-01-01

• Launch of ChatGPT, initiating an unprecedented acceleration in the pace of AI innovation and value creation. (Source: c08935b9-87d2-439d-a5ee-c1b4d7dc4dcf)

  2022-11-30

• IDC InfoBrief identifies a new era of innovation where falling behind in digital transformation is more impactful than a recession. (Source: Web Search)

  2023-06-01

• CES 2026 panel featuring McKinsey and General Catalyst discusses how the AI Transformation dwarfs prior tech revolutions. (Source: c08935b9-87d2-439d-a5ee-c1b4d7dc4dcf)

  2026-01-05

• Predicted dominance of self-driving technology (Physical AI) in the global market. (Source: c08935b9-87d2-439d-a5ee-c1b4d7dc4dcf)

  2026-12-31

• Predicted emergence of humanoid robotics as a primary focus of technological advancement. (Source: c08935b9-87d2-439d-a5ee-c1b4d7dc4dcf)

  2027-12-31

Pace of innovation

Pace of innovation is the speed at which technological innovation or advancement is occurring, with the most apparent instances being too slow or too rapid. Both these rates of innovation are extreme and therefore have effects on the people that get to use this technology.

Web Search Results

• Pace of innovation

  Speed at which technological advancement is occurring Pace of innovation is the speed at which technological innovation or advancement is occurring, with the most apparent instances being too slow or too rapid. Both these rates of innovation are extreme and therefore have effects on the people that get to use this technology. ## Technology moving too slowly [edit] [...] The description of technology moving too fast is that innovation is proceeding faster than expected or than the consumption rate of the goods due to a quick rate of production. The main reason why innovating too fast is undesirable is that the technology tends to have unintended consequences caused by the lack of adequate trial and error, including deliberation among all parties involved in the use of a product. There are numerous examples in history that point out the unintended consequences of innovating too fast. The manufacturing of the Ford Pinto during the 1960s through 1970s, occurred due to fast manufacturing of the vehicles before adequate testing could be done. This led to the production of an ineffective product that caused the deaths and injuries of numerous people when the [...] A technology with a slow pace is one that has its developments delayed or under-emphasized due to different factors or barriers. Major barriers include technosocial momentum that advance an alternative innovation, lack of adequate monetary funds, and social factors. Non-automobile based cities progress too slowly today in the US in comparison to those that are based around automobiles. This acts as a barrier to high speed trains and other forms of mass transit in most cities. Another example of a slowed technology is the male birth control pill which has been researched since the 1920s and still a working product has not ended up on the market. The slow progress and acceptance of the male birth control pill is largely associated with budget issues where it lacks the funding to perform

• Innovation is accelerating. Here's how to keep up with the pace

  Innovation at pace meant the PA-led Ventilator Challenge managed to design, approve and manufacture 13,000 ventilators in just 15 weeks – meaning every patient who needed a ventilator had access to one. For PulPac, it meant the industry could offer its sustainable packaging at the same price-point as plastic, in time to match consumer demand for plastic-free options. For Water Source, it meant the water treatment startup had a financially sustainable future. For Virgin Hyperloop, it meant achieving its first ever manned depressurized test. And that's the whole point of innovation at pace: using human ingenuity to ensure the solutions we need for a better world are available when we need them – now. [...] PA-Logo-ClearSpace-Colour-RGB.png # Innovation is accelerating. Here’s how to keep up with the pace Innovation is accelerating. Heres how to keep up with the pace The pace of technology development is faster than ever – and that means innovations that once took years now happen in weeks, not only in the digital world, but in the physical world too. But taking ideas and bringing them to life at a rapid pace is no easy task. It requires ingenuity to overcome bottlenecks, accelerate through challenges and get the right experts collaborating with shared purpose. [...] ## Innovation at pace Helping Virgin Hyperloop invent a new mode of transport, leading the Ventilator Challenge, bringing PulPac to market, and building both Water Source's business plan and technology are all projects that come with lessons in how to innovate at pace. "We've discovered a new way of working, that's the legacy we've been left with," says Bennett.

• Insight Survey Finds Pace of Innovation Accelerating; Falling Behind ...

  1 IDC InfoBrief, sponsored by Insight, _2023 Insight Intelligent Technology Report: Are We in a New Era of Innovation?_ (Doc #EUR150678623), June 2023. [...] Insight Enterprises, Inc. - Insight Survey Finds Pace of Innovation Accelerating; Falling Behind in Digital Transformation More Impactful Than a Recession Skip to main content Image 1: Insight Direct USA Logo Home Governance Management Board of Directors Committee Composition Chart Contact the Board Documents and Charters Why Invest Financials Quarterly Earnings Annual Reports Proxy Statements SEC Filings Events News Releases Stock Information Stock Performance Historic Stock Lookup Analyst Coverage FAQ Contact Us News Release Details [...] “Executives need to change the way they think about ROI if they truly want to become a digital business. They must be intentional about being agile, shifting the cost of investment from CapEx to OpEx to create an environment for continuous innovation and deploying technology quickly to gain a competitive advantage. If they don’t, another company will,” said Adrian Gregory, EMEA president, Insight. To read the complete IDC InfoBrief, _2023 Insight Intelligent Technology Report: Are We in a New Era of Innovation?_, go to insight.com/ITReport or uk.insight.com/ITReport. For more information on Insight, visit insight.com or call 800-INSIGHT.

• Managing the Process of Innovation | Research Starters

  The process of managing breakthrough innovation, also referred to as disruptive or discontinuous innovation, varies greatly from managing incremental changes in products and technologies. The objectives of incremental innovation, such as speed, cycle time, profit impact, and quick cash recovery, generally do not apply to the breakthrough innovation process. Innovation managers recognize that the evaluation process for new products, processes, or services differs significantly from that used for extension projects. The potential market for incremental innovations is evaluated through conventional market research methods such as written surveys, focus groups, or concept tests. Breakthrough innovation projects are generally evaluated on their long-term value, impact on the market, and [...] ## The Trajectory of Innovation The trajectory of innovation is most often conceived of as an s-shape pattern with three distinct levels of diffusion and adoption of the innovation. For example, the s-curve for technology innovation includes three main phases (Hacklin, 2005): [...] Pacemaker Technology Phase: Emerging technology is called a pacemaker technology as it is new to the world and the future potential and applications are identified. The diffusion of the innovative technology has not yet started in this phase. Disruptive Technology Phase: Established technology evolves into disruptive technology when it has managed to outperform competing technologies in respective mainstream markets. The diffusion of the innovative technology is occurring at a rapid pace in this phase.

• Measuring Innovation: A Four-Stage Framework

  2. The sequence of innovation matters. Successful innovation requires knowing both what to measure, but just as important, when to measure it. Many companies recognize the importance of experimentation, but they stumble in getting the sequence of measurement right. Specifically, they rush to start validating the later stages.