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Archive for the ‘Innovation’ Category

Innovation and The lowest BRIC

Posted by fairval on May 23, 2015

Should come as no surprise: India. No matter how great we think the Indian economy is doing, we suck when it comes to innovation.

Check the Bloomberg Innovation Index. It lists top 50 countries on Innovation. And the BRIC rankings are

RUSSIA – 14

CHINA – 22

BRAZIL – 47

INDIA – NOT THERE

Similarly, there is something called Global Innovation Index, done by Insead etc, sponsored by Wipro, and Indian company. Let’s check the rankings here:

CHINA – 39

RUSSIA – 49

BRAZIL – 61

INDIA – 76

While there maybe slight differences in rankings between the two surveys, one thing is clear – India is not in the top 50.

And guess which countries are above and below us in GII. Ranked 75 is the runt of a country called Oman; and at 77 we have Lebanon, which has suffered from civil war for decades. Even now, several countries have an advisory out telling their citizens not to travel to Lebanon for any reason whatsoever!

In India’s defence, one could say that innovation is highly linked to per capital GDP. It appears poor countries are poor because they don’t know how to innovate. The GII reports points out that compared to its per capita GDP, India is going well. It seems we are doing better than countries as poor as us. Don’t know if that should be a cause for comfort. Sitting next to Lebanon certainly doesn’t do it.

India on Global Innovation Index

India on Global Innovation Index

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Top 30 innovations

Posted by fairval on December 24, 2009

An interesting list compiled by Wharton profs, for Nightly Business Report. While such things are dime a dozen, somewhat surprising Indian media shies away from such listings. This may not be newsworthy, but definitely of reader interest.

While some of these innovations are fairly mainstream now, like internet, or laptops or mobile phones, and ATMs, some of the innovations listed here are still facing consumer resistance to large scale adoption. For ex, e-commerce has a long way to do (No 15).  Some others have still some way to go in terms of technological advancement – like solar PV cells. A more interesting list would be top 10 consumer habits likely to change from these innovations. Like will we stop going to malls/physical retail? With commuting costs rising rapidly in recent years, and need to reduce carbon use, e-shopping, or even tele-commutining may be some fundamental changes we may see within the next few years.

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

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