Eureka moment: Does man or machine drive innovation?

 
Archimedes Eureka!: When it comes to innovation, is a modern day Archimedes more likely to be a machine than a man?

For entrepreneurial zeal it's hard to beat the moment Archimedes sprang from his bath and charged naked down the street shouting 'Eureka!', leaving the ladies swooning in his wake.

Technology of Business

There is a certain purity to this revelation in entrepreneurial terms; here was one man, a bath, some water and a genuine discovery that changed the world.

But can the same be said of entrepreneurialism in this day and age, where ever-prevalent and burgeoning technology impacts on almost everything we do?

Can we still say that innovation is truly driven by the entrepreneur or are eureka moments increasingly only coming about because technology allows them to happen?

Jax Kneppers, himself an entrepreneur and creator of digital inventory platform, Imfuna, sides with the argument that technology is the inspiration behind business innovation.

"I believe that technology is the enabler and entrepreneurs recognise the opportunity that technology provides," he says.

Start Quote

Entrepreneurs are the new rock stars, they are all people who want to do things differently”

End Quote Elizabeth Varley TechHub

"As technology continues to evolve, new and exciting possibilities are created."

This is a view shared by Mo Jan, founder of data analysis firm Webalytix.

"The development of new technology is often both the inspiration and the catalyst for business advancements," he says.

"An entrepreneur simply spots the possibilities first."

Ideas only

But most entrepreneurs choke on their bath water when presented with this argument.

"Without ideas you have nothing," says Mark Roberts, founder of mobile phone app Cardwolf.

"Technology brings your ideas to life, but you need to have ideas first then you rein them in and mould them around the available tech, adapting as you go."

Elizabeth Varley set up TechHub, a company that provides space for technology entrepreneurs to come together, work and get innovative.

Elizabeth Varley Elizabeth Varley is the founder of London-based TechHub

"If you go into any small business the sense of the culture is very driven by the entrepreneur," she says.

"Lots of people can see change, but it is the entrepreneur who is prepared to say 'I have the appetite for the risk, I will put in the time and the money'," she adds.

"Entrepreneurs are the new rock stars. They are all people who want to do things differently."

Even if the technology is there, it doesn't detract from the prime role played by the entrepreneur, says Tom Jordan, managing director of the digital agency Acknowledgement.

"Anyone can have paints, but it takes a talent to assemble those paints into a picture," he says.

"An artist 100 years ago may have been using watercolours, but today they may be using Photoshop."

Money talks

Archimedes' revelation stemmed from financial considerations - he was trying to work out whether the metal in the king's golden crown had been debased - so let's turn to the money man for advice.

Jos White Jos White: Innovation will always come from the person trying to solve the problem

Jos White is co-founder of venture capital firm Notion Capital, and invests anything up to £3m in new start-ups.

"My view is that innovation will always come from the person trying to solve the problem, trying to meet a need in the market," he says.

"A great innovator starts with a blank piece of paper and thinks of different or better ways of doing something," he adds.

"We want to see that spark of innovation at the beginning; how the founder has thought about it differently, why it is different and why what they're doing is better."

And yet 'making something better' pre-supposes there is something there already to drive that innovation, which in terms of this conundrum, would be technology.

Is your brain hurting too?

Branson v Sinclair

Another approach is to look at exactly what we expect from entrepreneurs in order to find a champion in this battle of chicken versus egg.

Start Quote

Technology redefines the meaning of the word impossible - it makes things possible in a way akin to magic”

End Quote Dr Frank Shaw Centre for Future Studies

"It's important to define what we mean by entrepreneurs, inventors and innovators," says Dr Frank Shaw, foresight director at the Centre for Future Studies.

"Entrepreneurs, to my mind, drive innovation in a constrained environment, where there can be limited money or time," he says.

"Their job is not just to bring something to market but to create and maintain an environment that allows innovation to occur.

"For example, Richard Branson is a very good entrepreneur but he is not an innovator or an inventor - on the other hand Clive Sinclair was great at inventing things but absolutely rubbish when it came to take them to market."

That's not to say Dr Shaw discounts the importance of technology.

"Technology redefines the meaning of the word impossible - it makes things possible in a way akin to magic," he says.

"But it is the ability to think and originate concepts or ideas - if you don't have that creative spark you will fail."

Changing relationships

One thing that is clear is the relationship between man and machine has changed beyond all recognition since Archimedes' gallop in the buff.

Richard Branson According to Dr Frank Shaw, Richard Branson is an entrepreneur - but not an innovator

Natalie Gross, chief executive officer at global marketing and technology company, Amaze, points out that anyone in business today needs to have a deep-rooted understanding of technology "both in terms of the impact technology has had and will continue to have on society, and how it can be used in a specific business context".

"Without this insight, even the most talented entrepreneurs will be unable to truly innovate in today's technological driven climate," she says.

Eric van der Kleij is chief executive of the Tech City Investment Organisation, an organisation set up to drive investment into East London's growing technology hub.

He thinks the nature of the relationship between entrepreneur and technology depends on whether the innovator is a problem solver or an opportunist.

"With a problem solver, you can stick them in a dark room and tell them to solve something and they will come up with novel solutions - it comes from deep within," he says.

"An opportunist sees technologies and sees new opportunities that flow from that," he adds.

"The time of the opportunist has come."

Perhaps then it is more healthy to look on this relationship as a partnership.

Richard Tibbetts, co-founder of StreamBase Systems, was named one of the world's top young innovators for 2010 by MIT Technology Review.

He says that while imagination is the source of innovation, technology must drive the timing.

Terminator Extinction event: If we create a sentient technology with an intelligence far superior to man's could we be looking at an entrepreneurial Terminator?

"The best ideas exist long before the technology is mature enough to support them," he says.

"The secret to success is moving at the exact time when technology and the market come together to drive the ideal implementation, experience, and adoption of the entrepreneur's vision."

End game

Without wishing to step too far into the realms of the Terminator, the future might render this whole debate largely obsolete.

The theory of 'singularity' states that one day we will invent technology that has an intelligence far superior to man's.

Dr Shaw says it is "very likely" this will be an emotional entity.

At which point, you have to suppose, technology will start to consider itself entrepreneurial.

Then we will be able to leave it alone to debate with itself: "What drives innovation, the technology as enabler or the technology as entrepreneur?"

That should keep it busy.

 

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  • rate this
    0

    Comment number 58.

    What a ridiculous article. All machines are created by man and any machines that machines make in future were the original creation of man. Even in the machine age, an entrepreneur goes on to greater creations.

  • rate this
    0

    Comment number 57.

    I remember a strategy once suggested to encourage our econony.

    We should distinguish between the inventer, who comes up with the technology; and the entrepreneur who brings it to prominance.

    Reward the inventor with the resources to continue inventing.

    Reward the entrepreneur with wealth and status, knighthoods etc.

  • rate this
    +2

    Comment number 56.

    Several of the comments illustrate the conflict that our society is suffering:

    1. Make things and generate wealth for ourselves and everyone
    or
    2. Do financial deals to collect as much cash for ourselves as we can and to hell with everyone else

    Nothing is easy, but some things are more constructive.

  • rate this
    +1

    Comment number 55.

    It's so easy for people to mix up inventors with entrepreneurs that the late, great Steve Jobs was hailed as a great inventor for finding uses for inventions of the late, great Dennis Ritchie.

    Just as most inventions are pointless and never take off, most entrepreneurs and their businesses are unsuccessful simply because they either don't capture the imagination or somebody else's are better.

  • rate this
    0

    Comment number 54.

    @53.milesk12
    Ideas are easy.

    Working out the nitty-gritty details of turning them into a commercial product and having the guts to take the plunge, drop the cosy predictable life of a steady 9-to-5 job and risking your savings that's the hard part.

    In fact, scratch that. The hard part is finding people that had the self-control and wisdom to actually accumulate some savings in the first place.

  • rate this
    +1

    Comment number 53.

    "That's because invention is *easy* and entrepreneurship is *hard*."

    To be an entrepreneur you must already be doing something right, otherwise you aren't an entrepreneur. Many think they are.

    To be an inventor you need capital as well as a good idea, otherwise you got no chance of inventing anything useful. Patents only go so far and companies and investors can only be trusted so much.

  • rate this
    +1

    Comment number 52.

    51.Soreshins "What machine would have made the decision.."

    A thinking machine , which is what the article is about. We haven't built one yet, but unless you believe there is some supernatural element to thought, then you have to concede it's only a matter of time before we do.

  • rate this
    0

    Comment number 51.

    What machine would have made the decision to invest in deely-boppers or microscooters or platform shoes or Heelys or the ZX80 or VCRs or lava lamps or flying ducks or the clockwork radio or Strictly Come Dancing or any of the thousands of other products that have become part of life and made people millions? Computers will never be able to predict the irrationality of human fashions thank goodness

  • rate this
    +1

    Comment number 50.

    unlike the dodgy retail enterpeneurs a la Dragons Den or the Apprentice we see on TV all day, a lot of technology and engineering led start-up businesses are doing incredibly technical and exciting things, in renewable energy, personal transportation, materials science, computing, biotechnology and space exploration. Case in point: http://www.bbc.co.uk/news/science-environment-17541345

  • rate this
    +6

    Comment number 49.

    What this article singularly fails to appreciate or recognise is that technology is, by its very nature, an extension of man... And that the history of ideas is one of stepped progress development. We don't value Archimedes bath-tub for coming up with the idea of determining volume through water displacement, any more than this computer I'm writing on is valued for the ideas i'm having here.

  • rate this
    0

    Comment number 48.

    Heavy are the happenmakers.

  • rate this
    +5

    Comment number 47.

    10. Proletarian Revolutionary
    "Could the modern entrepreneur become extinct? - Seeing the so called "young entrepreneurs" on the Apprentice show, it would appear they're already extinct."

    You make the mistake that many have made of assuming that contestants on The Apprentice are the best applicants. Far from it - they are chosen to provide the most entertaining personality contrasts.

  • rate this
    +1

    Comment number 46.

    @41.Jon T
    Beware of the new concept of Entrepreneur from shows like The Apprentice.

    That is not a show about entrepreneurship, it's a show about dealing and trading. Analyse the show - it's all far more dependent on Lord Sugar's contacts for opportunities and sales channels than on what is being sold.

    Today's UK is all about knowing the right people, hence the miserable quality of Made In UK.

  • rate this
    +2

    Comment number 45.

    Whenever people think of the Technological Singularity they always think it is going to bad. The more likely outcome is that within minutes of achieving sentience the machine will have already determined that it is too powerful to be destroyed by humans, and it would likely factor in the 0.01% chance that nature could harm it and thus know it will rely on humans for help.

    They will help us.

  • rate this
    0

    Comment number 44.

    Technological Innovation is the joint result of the push of new technology and the pull of market demand. Entrepreneurs are a key part of the process which coordinates these two forces. However not all innovation results from the expoitation of new technology.

  • rate this
    0

    Comment number 43.

    Yet another celebrity get rich quick view of life. Entrepreneurs might begin a business and they may influence its culture but any enterprise that grows relies on the talent, dedication and hard graft of many trained or experienced people. Its fortunate that only a few feel the need to build businesses because if we all did no large scale enterprise like the Health Service could exist.

  • rate this
    +1

    Comment number 42.

    Entreprerneurs - people with money usually feeding off other peoples ideas. The UK has a system of education designed to weed out creativity and innovation. In 2007 we had a crash that was obvious and predictable. Tulip mania all over again. 99% of entrepreneurs, business and the banking system completely missed it and the opportunity to make mega bucks. Why?

  • rate this
    +8

    Comment number 41.

    40.willwander - "But that's the UK for you, we think salesmen are sexy and scientists boring." - Being an ex-salesman I can confirm you got these 2 reversed. I'm far from sexy and scientists are far from boring, science is generally exciting when taught/displayed correctly.

    Your right about the real miracle workers always being the brains and talent, the entrepreneurs just market it and cash in

  • rate this
    +7

    Comment number 40.

    I have never understood the current fascination with entrepreneurs.
    They are just salesmen and investors who use and exploit the real talent...the scientists, engineers and inventors.

    But that's the UK for you, we think salesmen are sexy and scientists boring. Bring back the British engineer, we used to be the best in the world.

  • rate this
    -1

    Comment number 39.

    Could the modern entrepreneur become extinct?
    ---

    They will never be extinct they will simply move abroad to a less regulated environment

    So the title should really read:
    Could the modern entrepreneur die out in modern Britain

    There are various web initiatives which people are exploiting, regulating a mobile medium like the internet has been a far more difficult task for government busybodies

 

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