Somewhere in the Ted Talks is a great piece on the best and the brightest wasting their energy on working out how to make people click more – and not actually solving REAL problems. It is amazing how little you read is really about GREAT innovations. Sure it is happening – we just dont read too much about it – as we get caught up in multi billion dollar valuations of the next picture app.

And then I read this ….

Originally Posted by Tom Foremski – March 27, 2013

Alan Kay is one of Silicon Valley’s top computer pioneers due to his work with colleagues at Xerox Palo Alto Research Center (PARC) on a broad range of technologies in the early 1970s that directly led to the creation of the PC industry — a $35 trillion global business.
In the short video clip (above) he speaks about Silicon Valley’s current boom being based on innovation that was funded by the government and by private companies such as Xerox, over a span of more than 13 years beginning in the early 1960s, which helped create the Internet and modern computing.

He was speaking at the Churchill Club in conversation with Vishal Sikka, SAP’s senior VP of Technology and Innovation, moderated by analyst Paul Saffo.

He said that long term vision is missing and that it’s not a problem of money but of will. He pointed out that Xerox PARC cost about $10 million a year in today’s money, to fund groundbreaking innovations that included the graphical user interface, the computer mouse, Ethernet local area networks, and seminal computer languages such as SmallTalk.

He said that every Fortune 500 company “wastes” $10 million a year on a host of unimportant activities, and that when companies say they would like to create “another PARC” they are lying because they have the funds but not the will to create such an organization .
Silicon Valley companies have benefitted greatly from those early innovations but there is a need for a new generation of core technologies, otherwise we will run out of ideas.

… and I thought hmmm – maybe its true – ‘nobody’ is working on the wicked problems

See the original article here.