Mathematical Model Reveals the Patterns of How Innovations Arise

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Innovation is one of the driving forces in our world. The constant creation of new ideas and their transformation into technologies and products forms a powerful cornerstone for 21st century society. Indeed, many universities and institutes, along with regions such as Silicon Valley, cultivate this process.

And yet the process of innovation is something of a mystery. A wide range of researchers have studied it, ranging from economists and anthropologists to evolutionary biologists and engineers. Their goal is to understand how innovation happens and the factors that drive it so that they can optimize conditions for future innovation.

This approach has had limited success, however. The rate at which innovations appear and disappear has been carefully measured. It follows a set of well-characterized patterns that scientists observe in many different circumstances. And yet, nobody has been able to explain how this pattern arises or why it governs innovation.

Today, all that changes thanks to the work of Vittorio Loreto at Sapienza University of Rome in Italy and a few pals, who have created the first mathematical model that accurately reproduces the patterns that innovations follow. The work opens the way to a new approach to the study of innovation, of what is possible and how this follows from what already exists.

More: https://www.technologyreview.com/s/603366/mathematical-model-reveals-the-patterns-of-how-innovations-arise/?utm_campaign=technology_review&utm_source=facebook.com&utm_medium=social&fbclid=IwAR3aGbkNpgtFrFrlOmRGMLUqesSTHRREEdwgMulLKbzpR4-ev_Myk5Pp4Rw

 

FiveWordsForTheFuture - Dec 31, 2018 | Computational creativity, Economy, Innovation
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