Saturday, February 21, 2009

Top 30 innovations - a reflection on achievement

When you work in finance, you believe the world revolves around your industry. Not true. The Innovation and entrepreneurship portion of the knowledge@wharton website lists the top 30 innovations of the last 30 years.

The list is as follows, in order of importance:

  1. Internet, broadband, WWW (browser and html)
  2. PC/laptop computers
  3. Mobile phones
  4. E-mail
  5. DNA testing and sequencing/Human genome mapping
  6. Magnetic Resonance Imaging (MRI)
  7. Microprocessors
  8. Fiber optics
  9. Office software (spreadsheets, word processors)
  10. Non-invasive laser/robotic surgery (laparoscopy)
  11. Open source software and services (e.g., Linux, Wikipedia)
  12. Light emitting diodes
  13. Liquid crystal display (LCD)
  14. GPS systems
  15. Online shopping/ecommerce/auctions (e.g., eBay)
  16. Media file compression (jpeg, mpeg, mp3)
  17. Microfinance
  18. Photovoltaic Solar Energy
  19. Large scale wind turbines
  20. Social networking via the Internet
  21. Graphic user interface (GUI)
  22. Digital photography/videography
  23. RFID and applications (e.g., EZ Pass)
  24. Genetically modified plants
  25. Bio fuels
  26. Bar codes and scanners
  27. ATMs
  28. Stents
  29. SRAM flash memory
  30. Anti retroviral treatment for AIDS
For all that has been negative concerning what some would call a period of excess, we have had some impressive achievements Think what your live would be like without those 30 innovations.

Perhaps I am biased but I would include the movement to global capitalism and trade. Trade is nothing new but think about the world of 1978 versus the integrated world of today. Without trade, these achievements would not have spread to all parts of the globe.

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