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Thursday, August 26, 2004

Where the Fantastic Meets the Future via Bweek

Cherry Murray of Bell Labs talks about nanotechnology, "network convergence," the pace at which theories becomes fact.In the past 20 years, large companies have become global and are no longer only focused on one market. Also, R&D around the globe was not possible when communication was only directly from person to person. The pace of R&D has gone up dramatically [with the advent of] the Internet Cheery Murray expands his thoughts,"Today research and development occurs simultaneously. There's no opportunity anymore to do research first and develop the technology gradually [for a number of reasons]: It is possible to communicate, the markets are fluctuating, there is global competition, and prices are coming down dramatically. So now, we may be developing some product and discover that we want to add another feature, so we would do concurrent scientific research and development. Also, small companies spring up very quickly now because of venture capital. So corporations are not isolated anymore from the science and technology environment". Global corporate research calls for more innovation and more diversity, result focussed and labs compressing time would be the leaders of tommorow.

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