Rokon Zaman, Author at THE WAVES

Innovation risks due to loss making beginning could be reduced by advancing technologies resulting in higher willingness to pay and lower cost

Innovation Risks due to Loss-Making Beginnings and Uncertainty in Reaching Profitability

Technology Innovation is inherently risky, often marked by loss-making beginnings and uncertainty about when—or if—profitability will be achieved. This early-stage loss is driven by inferior emergence of technology, high initial…

Primitive emergence of technology possibilities creates uncertainty about the future or hype leading to wrong decision, missed opportunity

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Primitive Emergence of Technology Possibilities: A Major Source of Technology Uncertainty

Technological uncertainty is an enduring challenge that has profound implications for businesses, policymakers, and society at large. One of the primary sources of this uncertainty is the primitive emergence of…

Wealth creation as a travelling waves demands us knowing the underlying mechanics so that we can predict and leverage

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Wealth Creation as Travelling Waves: Understanding the Rise, Fall, and Migration of Prosperity

Wealth creation through technology possibilities unfolds as a series of travelling waves, driving the rise, fall, and migration of prosperity across firms, industries, and nations. These waves are not random…

Technology Managment

Technology Possibilities Are Fraught with Pervasive Uncertainties

Turning technology possibilities into profitable ventures is an essential aspect of Innovation and economic growth. However, this journey is fraught with pervasive uncertainties that affect every stage of development, from…

Role of Engineers: Innovators and Decision-Makers in Leveraging Emerging Technologies

The role of engineers has evolved significantly over time. Historically, engineering was primarily focused on applying technology to solve economic problems through design, construction, deployment, and maintenance of solutions in…

Innovation Diffusion through Evolution: How Technological Refinement Creates Consumer and Producer Surplus

Innovation diffusion is a process whereby new ideas, products, or technologies gradually gain acceptance and adoption in society. This journey is rarely linear. Most innovations begin as expensive, impractical prototypes…

Wealth Creation from Ideas: An Endless Journey of Invention and Innovation

Since 1899, the infamous quote, “Everything that can be invented has been invented,” has resurfaced time and again. Yet, history has proven this assertion wrong. From the dawn of the…

Science, Market Dynamics, and Wealth Creation: A Complex, Non-Mutually Reinforcing Relationship

The relationship between science, Market Dynamics, and Wealth creation is often depicted as a harmonious cycle where advances in science fuel technological innovations, leading to competitive markets and subsequent wealth…

Sustained Wealth Creation from Ideas: Science and Engineering Competence for Inventions and Scalability is Not Enough

In a Market Economy, the freedom to compete and profit from ideas is a foundational principle. However, this freedom alone is insufficient to drive sustained Wealth creation from ideas. Historical…

Market for Ideas: Why Understanding Market Dynamics is Essential for Leveraging Ideas

In ancient philosophical writings, Karl Marx repeatedly observed the human tendency to innovate and pursue ideas that reshape the world through better ways of Getting jobs done. This observation has…

Future of Work

Automation and Human Roles: Optimally Balancing for Maximizing Economic Gain

In the midst of the much-touted Fourth Industrial Revolution, there is a growing realization that human-free production and usage of products is not yet economically feasible. As industries seek efficiency…

Innovation Economics

Human-Machine Interface Reinvention Driving Innovation Evolution

The human-machine interface Reinvention is a cornerstone of technological progress and Innovation. From early mechanical switches to advanced neural interfaces, each step in improving human-machine interface (HMI) has enhanced user…

Rokon Zaman