Professor Vittorio Loreto came to make a very strong argument concerning his research on the rates of innovation in the world.\u00a0 He instantly grabbed everybody’s attention by displaying and a word quiz prediction game that he openly invited everybody to participate.\u00a0 His choice of introduction i have to say was undoubtedly captivating as the rules behind the game matched the argument that he later presented. The word puzzle game seemed to be quite easy in the earlier stages but gradually became more challenging in terms of the actual final sentence completion tasks. Vittorio proved a point before he even laid out evidience on the table.\u00a0 He later proceeded to reflect on an activity that majority of the audience had participated in at least once in their lifetime in some sort of way – gambling. Loreto claimed that gambling in itself involved serious levels of complexity. He took it to another level by illustrating the mathematical probabilities that go behind the actual decision of a bet arguing that the complexity of such a phenomena can never fully be revealed.<\/p>\n
Professor Loreto’s research mainly highlighted the rates of innovation in the world.\u00a0 He agrees that our ever changing world requires uttermost innovation.\u00a0 He examines the stages it takes for an innovation to actually be finalized and concludes that it is through the process of mutation, fixation and trial and error that finally an idea can successfully be transformed into an innovation.\u00a0 He termed innovation as the “new.” He articulated that the journey to attain a successful innovation is only archived through looking at the future with eyes of the past.\u00a0 He introduced the concept of modelling schemes and gave an example weather pattern predictions. The only way meteorologists today are able to give a weather forecast is through historical data analysis to be able to approximate upcoming conditions. He persisted that\u00a0 by disregarding historical content in any sphere of research, an innovation is most likely to fail.<\/p>\n
In his research however, he discourages this trend of modelling schemes to come up with new innovations and blames the method for what he saw as a decrease in innovation.\u00a0 Loreto focused his research of Tech case studies such as Last.fm, Twitter, and Wikipedia to prove his argument. Loreto ranted out the patents in today’s world are slowing down progress. He believes that without patents we would be witnessing a tremendous amount of fantastic innovations but due to what he termed as greed he alluded that that would not be possible. Loreto presented solid arguments that i begged to disagree with some. He believes that the world is witnessing slower rates of innovation and i tend to think the opposite. Take for example his own case study of Twitter, Twitter as a social media platform cannot be traced to the past decade but look at how transformative it has been to today’s society.\u00a0 I think’s Loreto’s research is much needed and would be more revealing if he used recent innovation companies, apps, drugs and even machines.<\/p>\n","protected":false},"excerpt":{"rendered":"
Professor Vittorio Loreto came to make a very strong argument concerning his research on the rates of innovation in the world.\u00a0 He instantly grabbed everybody’s attention by displaying and a word quiz prediction game that he openly invited everybody to participate.\u00a0 His choice of introduction i have to say was undoubtedly captivating as the rules […]<\/p>\n","protected":false},"author":7204,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/posts\/598"}],"collection":[{"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/users\/7204"}],"replies":[{"embeddable":true,"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/comments?post=598"}],"version-history":[{"count":2,"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/posts\/598\/revisions"}],"predecessor-version":[{"id":600,"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/posts\/598\/revisions\/600"}],"wp:attachment":[{"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/media?parent=598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/categories?post=598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web.colby.edu\/st132origins\/wp-json\/wp\/v2\/tags?post=598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}