How to Ramp Up Your Research Profits

Some who have begun composing, or are considering building the research platform model espoused on my blog might be wondering, where do I start my research?  I have some suggestions here, where you start with “what’s happening now” in the trends of profitability.  I happened to have found such a list, and would like to share it will my fellow MASD friends and free-market peopleThis list taken from the McKinsey Global Institute analysis, is found at BAIN_BRIEF_8MacroTrends.pdf-Adobe Reader.

It provides the 12 latest trends that show lucrative potential for research.  What to do with these?  Use these as area studies concentrations for your research teams and then cross-compare your results to produce new ideas that transcend any one of these areas by the cross-fertilization conceptual experiment.  Ask, what would happen if we wanted to create a new technology from more than one of these fields at the same time?  Try cross-referencing each of these areas with the others after viewing a “top ten new technologies” list from EACH of these trend areas.

Compare these new technologies across the areas and ask what you might innovate that makes use of two or more from each area.  Keep a file open for each new concept, or proto-type idea you develop.  Put a one paragraph commentary under each idea you come up with, specifying what it might be useful for, and how it could accrue value or generate profit for businesses or nations.  When it comes to profitability, do not be afraid to think big.

The macro-trend is your macro-friend.

Mobile Internet

Increasingly inexpensive and capable mobile computing devices and Internet connectivity

Automation of knowledge work

Intelligent software systems that can perform knowledge work tasks involving unstructured commands and subtle judgments

The Internet of Things

Networks of low-cost sensors and actuators for data collection, monitoring, decision making, and process optimization

Cloud technology

Use of computer hardware and software resources delivered over a network or the Internet, often as a service

Advanced robotics

Increasingly capable robots with enhanced senses, dexterity, and intelligence used to automate tasks or augment humans

Autonomous and near-autonomous vehicles

Vehicles that can navigate and operate with reduced or no human intervention

Next-generation genomics

Fast, low-cost gene sequencing, advanced big data analytics, and synthetic biology (“writing” DNA)

Energy storage

Devices or systems that store energy for later use, including batteries

3D printing

Additive manufacturing techniques to create objects by printing layers of material based on digital models

Advanced materials

Materials designed to have superior characteristics (e.g., strength, weight, conductivity) or functionality

Advanced oil and gas exploration and recovery

Exploration and recovery techniques that make extraction of unconventional oil and gas economical

Renewable energy

Generation of electricity from renewable sources with reduced harmful climate impact

Remember Moore’s Law.   What Is Moore’s Law?

The world’s fastest supercomputer in 1975 matches the performance capacity of the iphone 4 today; the first cost $5 million in 1975, and the second now costs 400 bucks. Quantum computing is emerging as a new technology at the same time as the advent of “hyper-intelligent software” (roughly meaning software apps with better people skills than the pizza delivery guy, and that can do math faster). These two new technologies promise to combine their strengths soon to yield utterly surprising advances on a fairly routine schedule.

This means we need to get busy creating profit before the other guys steal our thunder.

In 5 years, the iphone 7 will do what the fastest supercomputer can do today, and it will interact with you constantly through nanotechnology by mere thought and volition, making the average person potentially supersmart, and able to interact with other supersmart people through the internet 24-7.  Then there’s the nano-web. What does this mean?

This means we need to get busy creating profit before the other guys steal our thunder.

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