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0:00
Hello, my name is Eugene Buff.
I'm the founder and the president
of Primary Care
Innovation Consulting,
a firm that works with
a lot of large and small companies
and supports their
open innovation projects.
And this is what
I want to discuss today.
What is this business innovation?
And what's the buzzword
of open innovation?
Where it came from?
And how are we going
to deal with it so we could
continue and expand the
growth of our companies?
0:29
There are a lot of changes
that happened
in the last couple of decades,
a lot of them are connected with
what's been called by Friedman,
as the world becoming flat.
Boundaries
and borders geographically
and politically changed.
And, all the things get moving
into a very different speed.
And that includes
the speed of business.
I'm sure all of you are familiar
with the Moore's Law.
And, even though, in a recent
Wall Street Journal publication,
Intel is saying that
they're trying to slow things down.
But since 1958,
the Moore's Law
is going very effectively.
And it basically says
that every 18 to 24 months,
the computer power roughly doubles.
So since 1958, we've been at about
27 cycles of that speed-up.
I think
it's a very good illustration
of how business moves these days, of
what's happening
and to get some sort of perspective of
what it means.
We can look at, say,
the car speed and see what would happen
with the car speed
if it will continue doubling
with the Moore's Law numbers.
So, let's say if we started
at five miles per hour
and double every minute
to emulate the Moore's Law.
On the third minute,
we will be already
at 20 miles per hour,
and we will be able to cover
1,760 feet for that period.
Now, if we go back and remember,
we are in the 27th cycle
of the Moore's Law.
So recalculating that
to the car speed
would make our current speed
close to 700 million miles
per hour.
And, if that doesn't
sound impressive,
that means that by the 28th minute,
we would cover 11 million miles.
And at that speed,
it will only take us
about five minutes to get to Mars.
So, this is really what happens
when the speed of business changes.
And, we're living in a situation
where the business
and the technology changes
at about that speed.
