Friday, June 8, 2018

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Friday, June 1, 2018

TECHNOLOGY: ON BECOMING FORTUNE’S FAVORED

Intelligence alone, it appears, will not win the day for an inventor bursting with great ideas. Yale University cognitive psychologist Robert Sternberg believes the winning streak involves the existence of “successful intelligence.” Ashonors graduate of Harvard Law School, Tama J. Kieves, said, “Transformation of any kind always exacts a holy tussle. The newborn butterfly struggles to open its wings so it can conjure up the strength to fly. So too with artists, inventors, mystics, and entrepreneurs.” The transformation that is anticipated through an invention will only come about if action is taken to convert the idea into a product that will sell. For instance, regular people believe Thomas Edison invented the light bulb. In reality, two English chemists Humphrey Davy and Joseph Swan developed a working light bulb long before Edison. What Edison did was to take a great working idea and turn it into a highly saleable product – the first commercially viable and long-lasting electric bulb. And he did not stop at that. He is credited with constructing the world’s first workable power station. However, unlike during the time of Edison, building businesses from invention ideas is extremely challenging in contemporary times. Apart from unimaginable kinds of information in unbelievable quantities freely available on the Internet, there is also effortless global access to alternative products and complicated loads of government regulations that hamper a product’s commercial viability. http://blogs.cuit.columbia.edu/rqh2000/2018/05/18/technology-on-becoming-fortunes-favored/

A guide to turn an invention idea into a business

We all get confused between Patents, Copyrights and Trademarks and don't actually know what they precisely mean. Though there are some similarities amongst these protections techniques, they all serve a different purpose.
A Patent for an invention is the inventors right to his creation. It usually lasts for 20 years and
has 3 types.

Them being -

i) Utility Patent
ii) Design Patent
iii) Plant Patent
If you patent one of your patent ideas, you are granted the sole right to make, use and offer your invention for sale to anybody which nobody else can do! You need to register patents from Patent and Trademark office of your country. https://www.thriveglobal.com/stories/29588-a-guide-to-turn-an-idea-into-a-business

Reaching Beyond the Frontiers with Technology

Technology is not only changing the way we live, it is also changing the way we die. With medical science progressing in giant strides, a lot of sicknesses that led to death with aging in the world, have been stopped in their tracks. People today are living longer than any other generation before. As wealth management expert Charles Hamowy, said, “The good news is people are living longer, and the bad news is people are living longer.” Even as things stand today, Millennials are on the road to becoming the oldest and even the most important generation ever. Chances are great that they will not fade as other generations have done, but will be around as seniors, influencing several younger generations. As frontiers in technology are crossed with invention ideas, and ailments and aging are seen as problems to be solved, a new generation of inventions are brought forth. The natural wear and tear of the human body, irreparable for the most part, is becoming repairable. Billionaires are pouring money into research to help break barriers in hitherto unsolvable medical issues. https://blogs.cornell.edu/cornelltechies/2018/05/18/reaching-beyond-the-frontiers-with-technology/

What it takes for an invention idea to achieve commercial success

1940s Hollywood darling Hedy Lamarr was best known for starring alongside James Stewart and Judy Garland in films such as Come Live with Me (1941) and Ziegfeld Girl (1941). But more recently, the light has been cast on her work as a brilliant inventor, which had been overshadowed by scandals and the glitz and glamor of celebrity life at the height of her career as an actress. During World War II, Lamarr’s desire to help the military come up with a secure communication system led to the invention of a radio guidance system using frequency-hopping technology, making American radio-guided weapons more resilient to detection and jamming. At the time, many doubted Lamarr’s legitimacy as an inventor, even accusing her of stealing the idea from her husband, munitions manufacturer Fritz Mandl. https://campuspress.yale.edu/tribune/what-it-takes-for-an-invention-idea-to-achieve-commercial-success/

Technology: A blessing or a curse?

Technology does play a part in developing great countries, cultures and civilizations. It can make our day to day tasks easier, keep us informed on what’s happening in the world around us and help to bring us entertainment on the go. Technology has opened up a whole host of great opportunities and has helped to advance humanity towards a new age of connectivity. However, while some may sing the praises of technology, others may contend that it can bring about more harm than good. Here are some of the potential benefits and drawbacks that humanity faces in this brave new world aided by all that technology has to offer. https://blogs.iu.edu/iutech/2018/05/18/technology-a-blessing-or-a-curse/

The Value of an Idea as conceptualized by Thomas Edison

To go with the flow is easy, to be disruptive requires curiosity and vision that goes beyond the horizon.  As American technology entrepreneur, Jeff Bezos, said, “Invention is by its very nature disruptive. If you want to be understood at all times, then don’t do anything new.” In this age of technology and information, the world is flooded with all kinds of invention ideas. So much so, that it is hard to come up with an absolute original that no one ever thought of before. However, there is always some inconvenience that affect people at different times of their lives in different environments, to which a remedy can be found by creative, determined individuals. What happens more often, perhaps, is inventors coming up with products that perform useful, but not necessarily urgent, tasks that people understand need doing.In contemporary times, at least, inventions do not have much to do with necessity, contrary to the popular saying, because the need is already satisfied by existing products. What modern inventions do is produce more effective and more lasting results, or probably achieve them more economically, thus being eco-friendly and more profitable in the long run. https://cwoodall.expressions.syr.edu/2018/05/18/the-value-of-an-idea-as-conceptualized-by-thomas-edison/