Innovation is a broad area of the US economy that means vastly different things to different people. This study by the DaVinci Institute shares the results of their study of the Top 10 Trends in Innovation. The highlights are below. To read the full article go HERE.
The Age of 100 Million Products – We have a very crowded marketplace and its becoming even more crowded.
Patent Filings Reach All-Time High – American ingenuity is at an all-time high.
The Next Big Thing was Invented Over 25 Years Ago – The Internet just turned 35 years old.
R&D Investment Shifts to China and India – When you look at investing in R&D, China has emerged as the clear favorite in a new survey.
The Great Talent Gap Continues to Grow – The number of U.S. jobs requiring science and engineering skills is growing at nearly 5% annually, compared with a 1% growth rate for the rest of the U.S. labor market.
Time Compression Driving Consumer Behavior – Technology is the engine propelling time compression.
Aging Marketplace Driving Biotech – As the baby boomers approach retirement age, they bring with them a strong desire to live well past the age of their parents and grandparents, and maintain a healthy lifestyle in the process.
Transition to Mobile and Wireless Driven by Desire for Freedom – In a battle between wires and wireless, consumers will invariably opt for wireless.
Entertainment: A Hotbed for Innovation – The global media and entertainment industry is picking up speed and is set to grow at an annual rate of 6.3%.
Politics Trumps Technology & Business – While not exactly a new trend, the role of politics on emerging tech fields has never been greater. A single vote in congress can change an entire industry.