Technology progression transforms society, enabling us to get our job done better at less cost while offering us increasing comfort. This is the underpinning of our continued prosperity. But such a transformation is often mired of uncertainty and painful change. It also poses a threat to growing inequality and insecurity. Such a reality demands the necessity of shaping the transformation for maximizing gain for both consumers and producers alike, lowering the risk for entrepreneurs, increasing predictability, and enhancing net benefits for society. Most importantly, we would like to figure out the opportunity for developing countries to add value to the technology-led transformation of the global society through ideas. We want to educate them to succeed in trading such ideas in the competitive market. Consequentially, we would like to empower them to open the endless frontier of growth through ideas. As a result, they will overcome facing growth barriers due to relying on only labor, raw materials, and capital.
The breadth, depth, and direction of transformation are influenced by policies, rational decision-making capability in the midst of uncertainty, the ability to manage risk, and culture. Moreover, there is no natural correlation between well-accepted indicators like R&D investments, publications, patents, STEM graduates, creativity, and profitable exploitation of intellectual assets. Although technological innovation driving the transformation is perceived as a random phenomenon, often termed as the magical acts of creative genius, there appear to be certain patterns. Detection of these patterns gives better clarity about relations among underlying factors. Consequentially, we succeed in interpreting the past, comprehending the present, and predicting the likely future.
The mission of The WAVES has been to provide an in-depth analysis of the past and present dynamics of technology innovation to develop the foundation for predicting the unfolding future, so that we can respond appropriately to cope with as well as leverage unfolding opportunities and challenges–making the technology-led transformation of the society more predictable and less painful, offering more secured, inclusive and equitable sustainable growth opportunities.