Innovate Quotes

“Innovation is the creation and delivery of new customer value in the marketplace.”

“Innovation is finding a better way to make things a little better.”

“By definition, the Singularity means that machines would be smarter than us, and, in their wisdom, they can innovate new technologies. The innovations would come so quickly, and increasingly quickly, that the innovation would make Moore's Law seem as antiquated as Hammurabi's Code.”

“Innovation is the art of creating a better, a more convenient and more comfortable way for the world to pass. Leaders leave footprints everywhere they go. They are impact makers and innovators.”

“The first finding that jumped out at us was that it is possible to learn too much ! In the tournament, investing lots of time in learning was not at all effective. In fact, we found a strong negative correlation between the proportion of a strategy's moves that were INNOVATE or OBSERVE, as opposed to EXPLOIT, and how well the strategy performed. Successful strategies spent only a small fraction of their time (5-10%) learning, and the bulk of their time caching in on what they had learned, through playing EXPLOIT. Only through playing EXPLOIT can a strategy directly accrue fitness. Hencem every time a strategy chooses to learn new behavior, be it through playing INNOVATE or OBSERVE, there is a cost corresponding to the payoff that would have been received had EXPLOIT been played instead. This implied that the way to get on in life was to do a very quick bit of learning and then EXPLOIT, EXPLOIT, EXPLOIT until you die. That is a sobering lesson for someone like myself who has spent his whole life in school or university.”

“It is the people who innovate that inspire, and innovation is not born of the status quo.”

“What brought mass innovation to a nation was not scientific advances - its own or others' - but 'economic dynamism': the desire and the space to innovate.”

“Philanthropy is often seen as society's risk capital. That means the onus is on philanthropists, nonprofit leaders and social entrepreneurs to innovate. But philanthropic innovation is not just about creating something new. It also means applying new thinking to old problems, processes and systems.”

“The biggest challenge is that when people look at low price point products, they essentially invest less money in development, innovation, and new technology. And in order to innovate at a lower price point, and make sustainability attainable to the masses, you have to invest more. But that's counterintuitive for a lot of businesses.”