Innovation Technology: How new technologies are changing the way we innovate

NESTA’s Provocations are regular extended essays by leading thinkers that showcase
thought-provoking work on innovation.  In 'Innovation Technology: How new technologies are changing the way we innovate', David Gann and Mark Dodgson argue that a new set of technologies is emerging that enables firms to innovate more rapidly, efficiently and accurately than ever before. This 'Innovation Technology' (IvT) includes eScience, virtual reality, simulation and modelling techniques, and rapid prototyping.

Indeed, it is possible that it will have as profound an impact on economic growth and social well-being in today's knowledge economy as the development of machine tools had on the industrial economy of the mid-19th century.

Over the next decade, understanding what IvT does, how to use it and where its limitations lie will prove critical for those running businesses, working in firms and providing public services. As a result, government policy-makers at all levels would do well to appreciate its implications.

I welcome your thoughts...