This Economist article shows that patent records reveal that the way inventions are made has changed over the years. In the past inventions were more fundamental, these days nine-tenths are for inventions that combine at least two codes.
In this exclusive extract from their forthcoming book, the leaders of McKinsey Global Institute describe how four fundamental disruptive trends—urbanization, technology, demographics, and globalization—are changing the world more rapidly and profoundly than most executives comprehend. Good reading for leaders in academia, government and industry.
MIT authors warn government is spending ever-smaller share of budget on basic research. “Though the U.S. leads the world in total R&D outlays, Europe and Asia have been raising their government investment. The Battelle Memorial Institute, a basic-research lab, and R&D Magazine estimated in 2013 that China would spend more than $600 billion annually on R&D by the early 2020s, making it the world’s biggest such investor. The same report estimated that U.S. R&D spending would total $465 billion, or 2.8% of gross domestic product, in 2014. For China, spending was pegged at $284 billion, or 2% of GDP.”
Worth reading, this CHE article on gender imbalance at conferences keynotes and reasons stated.
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I think I can move providers! More here.