Friday, May 4, 2012

Technology innovations are only half the story

A quick quandary for the afternoon:

When it comes to big technology innovations - there tends to be a stagnation period where the technology doesn't make a sizable impact on growth or the economy until someone figures out to really apply it. The same was true for electricity, engines and computers. People come up with all these inventions - but all the real value came out of Microsoft's ability to retrofit them into everyday use, or Henry Ford's ability to run automobiles through the assembly line.

All of these things developed new systems. And with all the venture capital/Internet technology talk this week, the big question is: How do we apply the new age of Internet technologies?

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