Competition is one of the most important drivers of innovation because you have to stay in the race. You have to think of something new, and if you don't, well, of course you should leave the market.
Margrethe VestagerRead
To be an inventor, you have to be willing to live with a sense of uncertainty, to work in this darkness and grope towards an answer, to put up with anxiety about whether there is an answer.
Interpretation
Inventing requires embracing uncertainty and the unknown as part of the creative process.
This quote by Ray Dolby highlights the inherent challenges in the process of invention, emphasizing that inventors must be comfortable with both the uncertainties and anxieties that come with exploring new ideas. The journey towards innovation often involves navigating through confusion and doubt before arriving at a solution, requiring persistence and courage.
In practice
During a technology conference, a speaker discussed how embracing uncertainty can lead to groundbreaking inventions.
Competition is one of the most important drivers of innovation because you have to stay in the race. You have to think of something new, and if you don't, well, of course you should leave the market.
There's a silly notion that failure's not an option at NASA. Failure is an option here. If things are not failing, you are not innovating enough.
Ideas that transform industries almost never come from inside those industries.
Most innovation is not done by research institutes and national laboratories. It comes from manufacturing - from companies that want to extend their product reach, improve their costs, increase their returns. What's very important is in-house research.
The issue for patents for new discovers has given a spring to invention beyond my conception.
Innovation comes ultimately from a diversity of perspectives. So when you combine ideas from different industries or different cultures, that's when you have the best sense of developing groundbreaking ideas.
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