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Innovation: Novel vs. Innovative
This lecture explores the concepts of innovation and novelty, emphasizing the importance of learning from failure and understanding the significance of creating value through new ideas. It delves into the challenges of hardware and software development, the characteristics of innovative individuals, and the strategies for hedging innovation risks. The speaker discusses the diffusion of innovation model, the role of early adopters, and the impact of innovation on different industries. The lecture also touches on the complexities of hardware innovation, the dynamics of innovation adoption, and the interplay between innovation and newness.