We are curious minds in a mission of theorizing technology innovation dynamics so that we can empower ordinary people to show extraordinary performance in creating increasing wealth from depleting resources, while causing less harm to the environment, out of technology ideas.
Technological innovation is at the core of creating new opportunities, transforming existing businesses, and opening endless frontier of growth. However, the journey of profiting from it is highly risky. The history of technology innovation is littered with an alarming rate of startup failures, loss of billions of investment dollars, tumbling of mega businesses, and the mystical uprising of embryonic firms into global success stories. As opposed to natural resources and labor, innovation succeeds by transforming technological ideas into wealth. Turning ideas into wealth is not only influenced by creativity, quality of education, infrastructure, investment in R&D, and risk capital finance. Most importantly, competition forces, technology life cycle, innovation strategy, public policies, timing, and inherent culture play a vital role in shaping ideas and figuring out losers and gainers. Such reality makes the outcome highly unpredictable, posing a serious challenge to interpretation, and prediction of technology innovation dynamics, and making investment decisions.
Invariably most of us believe that extraordinarily creative genius succeeds in showing innovation magics. It’s the act of rare individuals. Some of us also believe that the sustained economic growth out of depleting stock of natural resources for meeting the growing consumption of fellow human beings is an oxymoron. We are in a mission to prove such understandings wrong. We would like to help ourselves to see through innovation fog in detecting patterns.
Innovation is too important to be left to the magical show of a selected few. So far, a few individuals, investors, firms, and countries have monopolized this human’s inherent virtue of opening an endless frontier of prosperity. We must demystify the magical myths to show the underlying discipline. We dissect technology innovation dynamics and inspect specimens through the lenses of science & philosophy to detect repeatable patterns. Our purpose is to interpret and predict the magical unfolding of technology innovation dynamics, so that startups, investors, and individuals are empowered to show extraordinary performance to profit from pursuing ideas in creating wealth from science, technology, and innovation (STI). These patterns will also empower policymakers and development planners of every country to drive inclusive and sustainable growth by leveraging STI. Most importantly, society as a whole will be better prepared to cope up with and take advantage of the unfolding transformational effects of technology innovation on jobs, firms, inequality, and quality of living standards.
Research Portfolio of The WAVES:
Dr. Rokonuzzaman (Rokon Uz Zaman) leads the research for The WAVES. His work focuses on the potential of technology and innovation to create increasing wealth from depleting resources. The future of work, demand for knowledge and skill, the market value of labor and natural resources, investment prospects, the sustainability of our progression, and economic growth are in a constant flux of change due to technology progression and competition response. As it’s perceived as magic by many, The WAVES has conceived the necessity of theorizing Technology Innovation led dynamics transforming our society. It requires adapting and blending knowledge from multiple disciplines such as Science & Technology, Economics, inherent human characteristics like Praxis, Functioning of Market, Competition Strategy, Sociology, and Public Policy. Such theorization is vital for interpreting the past, comprehending the present, and also predicting the unfolding future. Consequently, it forms the foundation for making rational decisions in the journey of taking ideas to market. In the absence of such theories, often technology innovation dynamics appears to be the magical acts of creative genius. Due to the transformational effects, can we keep relying on magics?
The underlying focus of research of The WAVES is to empower readers through the sharing of interpretations of Technology Innovation dynamics around repeatable patterns. The purpose also includes the offering of a forum for engaging in dialogues so that the dynamics of the idea economy transforming our society in a competitive market becomes far more clear and predictable than before. As a result, policymakers will be able to optimally tune policy levers for addressing the market, system, and directional failures in governing the creation and distribution of wealth by the innovation economy.
On the other hand, individuals and families will be able to predict, plan, and invest in education and career in a smarter way. Consequentially, the start-up mortality rate will get lower; professionals will get greater clarity in cause-effect analysis for improving rational decision making; development practitioners will be able to design more appropriate responses to unfolding opportunities and challenges. As a result, economic growth will be predictable, sustainable, and also faster. In the end, society as a whole will have a far less painful and more manageable as well as predictable journey in exploiting ideas for attaining sustainable growth for offering inclusive and equitable opportunities.
Dr. Zaman obtained M.Eng and Ph.D in Electrical Engineering with a specialization in Robotics and Intelligent Systems from the Memorial University of Newfoundland, Canada. He began his career as a Lecturer at RUET (erstwhile BIT) in 1988.
Technical and Research Supports:
Nuruzzaman Faruqui was highly enthusiastic in inspiring the idea of developing a publication on Technology, Innovation, and Public Policy. He has been working in the Department of Computer Science and Engineering of City University, Bangladesh. Along with that, he is a researcher and author. He has published multiple papers on image processing and data science. He has also written two books. Nuruzzaman Faruqui received his B.Sc degree in Electrical and Electronics Engineering from North South University, Dhaka, Bangladesh in 2015, the Master’s Degree in Information Technology from the Institute of Information Technology, Jahangirnagar University, Dhaka, Bangladesh in 2017. He has a deep interest in the Economics of Technology Innovation. At the formation stage of The WAVES, he was very enthusiastic in providing inputs for shaping the thought, designing as well as developing the initial site, and hosting it. He has been in the loop in designing the information architecture, determining the scope, and developing the first web site for The WAVES. His inputs for reaching the target audience through social media and search engines are highly appreciated.
Abu Hasnat Abdullah implemented the current design of The WAVES. He is a researcher who is passionate about technology, innovation, and policy to improve self-understanding of technology dynamics as well as to contribute to society. Currently, he is working as a Junior Research Analyst at Economic Research Group (ERG), Dhaka, Bangladesh. He has published a journal paper on pattern recognition and wrote a book named “Smartest Way To Learn Python 3”. Abu Hasnat Abdullah received his B.Sc degree in Computer Science and Engineering from North South University, Dhaka, Bangladesh in 2020. Machine learning, Data Analysis, E-learning, and nudging techniques are his most favorable areas. Nevertheless, he has a deep interest in the Economics of Technology Innovation and Innovation Management. His hunger for knowledge and determination to turn information into action has contributed to design the information architecture, marketing policies, and developing the current website for The WAVES.