Difference between revisions of "Scenario 1 - Innovation for the Greater Good"
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The recession was long over. The beginning of a new era was marked with stable financial market and a healthy business environment for slow yet stable growth. But the oil prices were rising steadily without any future hope of stabilizing. The fact that the peak oil was closing in, which could lead to another wave of instability in the global market, was a growing cause of sleepless nights for many. New companies in the field of alternate energy had emerged in the due course and the existing energy giants were investing heavily in innovation of new fuels for the future generation. Governments contributed by ensuring the availability of infrastructure for these companies. In many countries, governments led the initiative of installing new alternate energy industry like wind, solar, nuclear, biofuels etc. The problem of nuclear waste dumping was solved by a collaborative effort of nuclear power plant companies combining their expertise together along with government funded research institutes participating in this effort and also ensuring that the environmental and safety norms are strictly followed. The collaborative effort was due to the common goal of the industry to find a resolution for waste dumping that had slowed its growth for past many decades.<br> | The recession was long over. The beginning of a new era was marked with stable financial market and a healthy business environment for slow yet stable growth. But the oil prices were rising steadily without any future hope of stabilizing. The fact that the peak oil was closing in, which could lead to another wave of instability in the global market, was a growing cause of sleepless nights for many. New companies in the field of alternate energy had emerged in the due course and the existing energy giants were investing heavily in innovation of new fuels for the future generation. Governments contributed by ensuring the availability of infrastructure for these companies. In many countries, governments led the initiative of installing new alternate energy industry like wind, solar, nuclear, biofuels etc. The problem of nuclear waste dumping was solved by a collaborative effort of nuclear power plant companies combining their expertise together along with government funded research institutes participating in this effort and also ensuring that the environmental and safety norms are strictly followed. The collaborative effort was due to the common goal of the industry to find a resolution for waste dumping that had slowed its growth for past many decades.<br> | ||
The digital advancements like cloud computing revolutionized access to resources and helped companies accelerate innovation. The introduction of [memristor] technology was all set to change the fate of computing and communication industry. The memristor would shrink the size of all memory and computing devices after the chip makers hit the glass ceiling with traditional transistor technology. It was also two times more power efficient and was likely to improve further. The technology invented by HP in 2008 was later opened to the industry for R&D. The current technology was saturated and memristor offered a solution for sustainable and revolutionizing future. The memristor technology could be copied easily by competitors in future and hence it was in the best interest of HP, the industry, and the society at large if the technology was developed in collaboration. Hence, the research was conducted jointly by all the major competing players in an industry collaborating to tap the enormous potential of the technology that would be one of the biggest leaps in the digital revolution. The collaborative innovation revolution widened the playing field for innovation in other industries and was vital for going green.<br> | The digital advancements like cloud computing revolutionized access to resources and helped companies accelerate innovation. The introduction of [http://www.memristor.org_memristor] technology was all set to change the fate of computing and communication industry. The memristor would shrink the size of all memory and computing devices after the chip makers hit the glass ceiling with traditional transistor technology. It was also two times more power efficient and was likely to improve further. The technology invented by HP in 2008 was later opened to the industry for R&D. The current technology was saturated and memristor offered a solution for sustainable and revolutionizing future. The memristor technology could be copied easily by competitors in future and hence it was in the best interest of HP, the industry, and the society at large if the technology was developed in collaboration. Hence, the research was conducted jointly by all the major competing players in an industry collaborating to tap the enormous potential of the technology that would be one of the biggest leaps in the digital revolution. The collaborative innovation revolution widened the playing field for innovation in other industries and was vital for going green.<br> | ||
Parallely, the intensity of natural disasters were increasing continuously. The governments and organizations were geared to take a big step in combating the effects of climate change by investing in development of innovative technology that helped reduce emissions. <br> | Parallely, the intensity of natural disasters were increasing continuously. The governments and organizations were geared to take a big step in combating the effects of climate change by investing in development of innovative technology that helped reduce emissions. <br> | ||