A lot more is being invented with time. Polarizing here could be reflect a wide posterior value distribution, or if the posterior is being approximated by something like a mixture of experts or an ensemble of multiple models (like running multiple passes over a dropout-trained neural network, or a bootstrapped neural network ensemble). And the next Mark Zuckerberg wont create a social network. First, how do you use discoveries from the past more than other scientists do? Our signature selling point will be that it takes fewer lines of code to set up, so programmers will like us., LinkedIn: Well do social networking like has been already patented by SixDegrees.com, forcing us to buy their patent., Slack: IRC+email but infinitely slower & more locked in. List all technologies that you use every hour, and state your purpose of using this technology. These project managers tend to pick polarizing projects rather than consistent projects (Goldstein&Kearney2017), ones which generate disagreement among reviews or critics. We know that a given animal with a mane is a horse, and that one with horns is a bull. After 20 years with Schlumberger in various positions, she returned to academia as a full professor of chemical engineering at the U. of Houston, where she has served as Director of the Petroleum Engineering Program as an adjunct professor since January 2000. This will work well for traditional interviews and those stations at the MMI which ask more traditional interview questions. A portion of the output pulse of the microchip laser was incident into the fiber delay line, and then, the backward reflection light induced the formation of the pulse. In this edition, we are reminded that rigorous technical work is one of the pillars of our industry. Many bubbles can be interpreted as people being 100% correct the futurebut missing the timing (Thiels article on China and bubbles1, The Economist on obscure property booms, Garbers Famous First Bubbles). And in 2019, with 2012 a distant memory, well, one could say something similar, just with larger numbers. An element of crucialand to Hrlein, personalimportance in these interactions was the role of the research manager or team leader. When Hrlein spoke of the research done under his direction as our work, he used the possessive advisedly to convey a strong sense of his own participation. (All of which was doubtless why Page & Brin tried & failed to sell Google to AltaVista & Excite & Yahoo early on, and negotiated a possible sale with Yahoo as late as 2002 which they ultimately rejected.) Timing Technology: Lessons From The Media Lab Technological developments can be foreseen but the knowledge is largely useless because startups are inherently risky and require optimal timing. In2012, I watched impressed as my aunt used the iPhone application FaceTime to video chat with her daughter half a continent away. I ended up doing more work in Japan than anything else because Japan in general is so tech-smitten and obsessed that they just love it [VR]. No, and not even later, as demonstrated by Orkut and Friendster, and the lingering death of MySpace. A RESEARCH STUDY ABOUT "REFLECTIONS OF TECHNOLOGY ENHANCED LEARNING AWARENESS" Nazime Tuncay Ministry of Education, Youth and Sports, North Cyprus Abstract: TEL (Technology Enchanted Learning) helps students to take more control over their knowledge and help them to be more motivated, more self-directed, more organized and more strategic. Verify whether or not your instructor specified a word count for the paper instead of merely following this average. What made them a success was that they happened to give the pinata a whack at the exact moment where some S-curves or events hit the right point. You would have needed no other prophecies, no other predictions, no other details. But what about after the fifteenth? The next Bill Gates will not build an operating system. The aeroplane industry cannot now redeem Daedalus nor can the computer industry recover the money spent by the British Admiralty more than a hundred years ago in support of Charles Babbage and his calculating machine. For if they were obviously good ideas, they would never produce venture returns. We were talking about the past: VR wasnt talked about for a long time, right? Early PC history is rife with examples of the prescient failing. About a month later, I went to interview with Flopetrol Johnston in France and met Dominique Bourdet. Only Apple can build apps for it. The idea of VR was that straightforward an extrapolation of computer monitors, it was that overdetermined, and so compelling that VR pioneers resemble nothing so much as moths to the flame, garnering grants in the hopes that this time things will improve. From Frock2006, Changing How the World Does Business: Fedexs Incredible Journey to Success, in 1973: On several occasions, we came within an inch of failure, because of dwindling financial resources, regulatory roadblocks, or unforeseen events like the Arab oil embargo. We wanted the reflections to be as close to the learning experience as possible, both in terms of the timing of the reflections and where the reflection would take place. This leaves good VCs to invest in good ideas that look like bad ideashidden gems that probably take a slightly delusional or unconventional founder to pursue. God's timing is perfect, it's true; His ways are higher, beyond our view. ): CyberSlice blew through $174.1$100.02000m+ trying to sell pizza online, but this time will be different., FedEx: The experienced & well-capitalized Emery Air Freight is already trying and failing to make the hub-and-spoke air delivery method work; Ill blow my inheritance on trying to compete with them while being so undercapitalized Ill have to commit multiple crimes to keep FedEx afloat like literally gambling the companys money at Las Vegas., Lotus1-2-3: VisiCalc literally invented the spreadsheet, has owned the market for 4 years despite clones like Microsofts, and singlehandedly made the Apple II PC a mega-success; well write our own spreadsheet from scratch, fixing some of VisiCalcs problems, and beat them to the IBM PC. However, technology affects ones thinking capacity and development of ideas. All major success stories overshadow their long list of predecessors who did the same thing, but got unlucky. If 2020 has taught us anything, it's that the key is to stay nimble, adaptive, and be prepared for unexpected change. The first Kafka of Betrachtung is less a precursor of the Kafka of the gloomy myths and terrifying institutions than is Browning or Lord Dunsany. While upper management panders to environmentalists, the young minions keep slogging it out, delivering the oil and gas that is desperately needed all over the world as though there will be no end to it. : Testing and Interpretation in Layered Reservoirs,, Ehlig-Economides, C.A. Once the initial shock of the situation wore off, you'd start getting ready for work. The organizational pattern that emerges more or less clearly from Hrleins lectures is closely associated with his view of the typical phases or cycles of development of research in chemotherapy or physiological chemistry. Summary by one VC of a16z investment strategy. Researchers in general have no incentive to say, this is not the right time, wait another 20 years for Moores law to make it doable, even if everyone in the field is perfectly aware of thisPalmer Luckey: I spent a huge amount of time readingI think that there were a lot of people that were giving VR too much credit, because they were working as VR researchers. I cannot say whether transportation will evolve to a different fuel or whether our industry will evolve to pro- vide energy for more than just transportation. Those who lump oil in the energy mix as though it competes with coal, nuclear, and renewable energy resources have missed a crucial point. It might be fairer to say that Edison was the very last first inventor of the electric light. In a human setting, it might be polarizing in the sense of human peer-reviewers arguing the most about it, or having the least inter-rater agreement or highest variance of ratings. The aim of this study was to investigate the practice and timing self-reflection by primary schools teachers, with the aim of encouraging the use of self-reflection to improve teacher's practice. I knew immediately that Bourdet was really on to something. And, consistent with the idea that there is a large ineradicable element of chance to it, surveys of startups suggest that while there are individual differences in odds of success (skill), any founder learning curve (learning-by-doing) is small & success probability remains low regardless of experience (Gompers et al 2006/Gompers2010, Parker2011, Gottschalk2014), and experienced entrepreneurs still have low odds of forecasting startups achieving commercialization at all, approaching random predictions in non-R&D-intensive sectors (eg. Three decades later, the book is highly dated, and the descriptions are of mostly historical interest for the development of various technologies (particularly in the 1990s). Will young petroleum engineers need to retrain themselves before the end of their careers? The motivation to take something into the real world, which necessarily requires attacking the reverse salients, may be part of why corporate & academic research are both necessary; too little of either creates a bottleneck. VCs will literally escape through the bathroom to avoid talking to us., Stripe: Banks & online payment processors like PayPal are heavily-regulated inefficient monopolies which really suck; well make friends with some banks and run a payment processor which doesnt suck. But the value of Pets.com stock still went to ~$0. Counting for inflation, probably more money was spent [than] than Facebook just spent on Oculus. Through consolidation and failure, 3 emerged on top, 2 of which went bankrupt. Indeed, the U. S. Department of Transportation estimates that V2V technology may eliminate or reduce the impact of up to 80 percent of crashes involving unimpaired drivers. One of the most basic reasons to begin self-reflection in your daily routine is that it can assist you in making sense of daily events. Do you have the capital to start a VC fund of your own, and throw multi-million-dollar investments at every social media until finally in 2010 you knew for sure that Facebook was the winning ticket and could cash out in the IPO? Part of the explanation is survivorship bias causing hindsight bias. Or take niche visionary technologies: if cryonics was correct in principal, yet turned out to be worthless for everyone doing it before 2030 (because the wrong perfusion techniques or cryopreservatives were used and some critical bit of biology was not vitrified) while practical post-2030 say, it would simply be yet another technology where visionaries were ultimately right despite all nay-saying and skepticism from normals but nevertheless wrong in a practical sense because they jumped on it too early, and so they wasted their money. Youve seen the curves Gordon Moore discovered. So, what Babbage should have aimed for is not making a practical thinking machine which could churn out naval tables, but demonstrating that a programmable thinking machine is possible & useful, and currently limited by the slowness & size of its mechanical logicso that transistors could be pursued with higher priority by governments, and programmable computers could be created with transistors as soon as possible, instead of the historical course of a meandering piecemeal development where Babbages work was forgotten & then repeatedly reinvented with delays (eg. If you think about the spectrum of things in which you could invest, there are good ideas that look like good ideas. Of course Google was always going to be a huge success because of PageRank and also (post hoc theorizing) Z, Y, & Z, except for the minor problem that Google was merely one of many search engines, great perhaps11 but not profitable, and didnt hit upon a profitable business modelmuch less a unicorn-worth modeluntil 4 years later when it copied Overtures advertising auction, which was its salvation (In The Plex); in the mean time, Google had to sign potentially fatal deals or risking burning through the last of its capital when minor technical glitches derailed vital deals. Upload your study docs or become a Benedict Evans (In Praise of Failure) summarizes the problem: Its possible for a few people to take an idea and create a real company worth billions of dollars in less than a decadeto go from an idea and a few notes to Google or Facebook, or for that matter Dollar Shave Club or Nervana [Nervana Systems?]. Scott et al 2019, McKenzie&Sansone2019). Overall, the odds of success are low, and the rewards are not great for mostdespite the skewed distribution producing occasional eye-popping returns in a few cases, the risk-adjusted return of the technology sector or VC funds is not that much greater than the broader economy. In recent times, corporate research has diminished, and that may be a bad thing: The changing structure of American innovation: Some cautionary remarks for economic growth, Arora et al 2020., One might appeal to the Kelly criterion as a guide to how much individuals should wager on experiments, since the Kelly criterion gives optimal growth of wealth over the long-term while avoiding gamblers ruin, but given the extremely small number of wagers an individual engages in, with a highly finite horizon, the Kelly criterions assumptions are far from satisfied, and the true optimal strategy can be radically different from a naive Kelly criterion; I explore this difference more in The Kelly Coin-flipping Game, which is motivated by stock-market investing., Thompson sampling, incidentally, has been rediscovered, PSRL (posterior sampling, see also Ghavamzadeh et al 2016) generalizes Thompson sampling to more complex problems, MDPs or POMDPs in general, by for each iteration, assuming an entire collection or distribution of possible environments which are more complex than a single-step bandit, picking an environment at random based on its probability of being the real environment, finding the optimal actions for that one, and then acting on that solution; this does the same thing in smoothly balancing exploration with exploitation. There were huge initiatives while there was nothing happening in the US. Before I answer this question, let me provide a brief narrative about my own career in our great industry. I had thought, at first, that he was as unique as the phoenix of rhetorical praise; after spending a little time with him, I felt I could recognize his voice, or his habits, in the texts of various literatures and various agesIf I am not mistaken, the heterogeneous pieces I have listed resemble Kafka; if I am not mistaken, not all of them resemble each other. If you were sure of that back then, or even mostly persuaded, and if a lot of others were as well, what good fortune you could have harvested. Kafkas idiosyncrasy is present in each of these writings, to a greater or lesser degree, but if Kafka had not written, we would not perceive it; that is to say, it would not exist. I doubt it. Within industrial research organizationsand, implicitly, within academic onesHrlein called for special institutional arrangements to encourage appropriate interactions between chemistry and biomedicine. Cer- ogy investments because it allows one to I read a lot of things that might be forgotten because I think that theres a lot of treasure hiding in plain sight. Nanosystems on a chip, is said to be able to provide critical foundation to diagnostics biomarkers and point-of-care technologies as well as detection of pathogen. We can draw lines on a graph but we dont know the constraints. Origins of Innovation: Bakewell & Breeding, Build something people want is not enough, The Psychology of Entrepreneurial Misjudgment, part 1: Biases16, Resistant protocols: How decentralization evolves, Technological convergence in drug discovery and other endeavors, Quantifying the evolution of individual scientific impact, Large teams develop and small teams disrupt science and technology, How DFS, poker, basketball, Starcraft and strong opinions, weakly held (SOWH) can help your startup, An Attempt at Explaining, Blaming, and Being Very Slightly Sympathetic Toward Enron, How Bubbles and Megaprojects Parallelize Innovation, Market Research, Wireframing, and Design, Spend twice as much effort every time you attempt to solve a problem, Why didnt electricity immediately change manufacturing? He is the reason I have had the courage and motivation to continue contributing to an industry that has never been all that eager to take women seriously, and I am the reason he became interested in petroleum engineering. Such a device would not have been aimed at the then unattainable goal of economic viability; but its successful demonstration might, just conceivably, have greatly accelerated matters when the time was finally ripe. This last fact is what is most significant. But you know what? The lesson of history is that for every lesson, there is an equal and opposite lesson. Although Babbage was one of Britains great innovative geniuses, support of his work was wasted money in terms of tangible return on investment. Firefox: we are going to build a better web browser, even though 90% of the worlds computers already have a free one built in. Survival alone is highly chancy, and founders can often see times where it came down to a dice roll.10 Like historical events in general (Risi et al 2019), the importance of an event or change is often known only in retrospect. File Management and Mapping. Its not the consequence that makes a problem important, it is that you have a reasonable attack. For instance, in the old days, in order to tell where your head was so that you could position virtual content to be standing still relative to you, we used to have to use some kind of external reference point, which might be magnetic, ultrasonic, or optical. The productivity boost expected from electric dynamos was slow to materialise, The evolution of large technological systems, #326, Part II. A further application of criterion 4 arises if theoretical infeasibility is demonstratedBut it is well to look on such negative proofs with caution. If the answer is no, then this is the team to back. In this sense, Hrlein might be said to have thoughtas Thomas Hughes has shown that Edison didin terms of reverse salients and critical problems. As Digital Promise team members who have researched and supported teachers' use of educational technology, we want to recognize and celebrate your successes. Translation, Katsuki Sekida, Two Zen Classics: The Gateless Gate and The Blue Cliff Records, 2005., Which as a side note is wrong; compiled predictions actually indicate that AI researcher forecasts, while varying anywhere from a decade to centuries, typically cluster around 20 years in the future regardless of researcher age. Progress, then, depends on the unreasonable man. Imagine it is 1965. Its only rocket science., Uber/Lyft/DiDi: Taxis & buses. Google: we are building the worlds 20th search engine at a time when most of the others have been abandoned as being commoditized money losers. Reindex into what, another doomed firm?). Browning did not read it as we read it now. Because some development may not be appropriate to the time. Now BP is Beyond Petroleum. I ended up moving to Japan and working there for many years. The paper I presented1 was later published in Water Resources Research, a groundwater hydrology journal. It wont have cut and paste. Look after a pet. He could spot the points where the enemys line was broken, and the reverse salients in his own. Technology can be the knowledge of techniques, processes, and the like, or it can be embedded in machines which can be operated without detailed knowledge of their workings. In essence, technology has always been with us and will always will be. All those huge initiatives and? Time and race number: done. Jr.: An Investigation of Wellbore Storage and Skin Effect in Unsteady Liquid Flow: I. Analytical Treatment,, Horner, D.R. The timeliness of your word is surely on point.". Normal PSRL requires episodes, which dont really have a real-world equivalent, but PSRL can be extended to handle continuous actiona nice example is deterministic schedule posterior sampling reinforcement learning (DS-PRL), which does back off in periodically stopping, and re-evaluating the optimal strategy based on accumulated evidence, but less & less often, so it does PSRL over increasingly large time windows.. Contextualized online search and research skills. By important I mean guaranteed a Nobel Prize and any sum of money you want to mention. Indeed, its inherent in really transformative ideas that they look like bad ideasGoogle, Apple, Facebook and Amazon all did, sometimes several times over. For example, researchers have shown that time of day explains about 20 percent of the variance in human performance on cognitive tasks. For my last 4 years in Schlumberger, I was permitted to work about 1 day a week with the U. of Houston, where I was appointed Director of the Petroleum Engineering Program. Someone could have built the Rift in mid-to-late 2007 for a few thousand dollars, and they could have built it in mid-2008 for about $673.5$500.02008. Online safety, security, ethics, and etiquette. Its just nobody was paying attention to that. Bitcoin is a topical example: its still in the early stages where it looks either like a genius stroke to invest in, or a fools paradise/Ponzi scheme. Why are success and failure so intertwined in the tech industry? 2. Such an attitude is similar to the DARPA paradigm in fostering AI & computing, a rational process of connecting the dots between here and there intended to orchestrate the advancement of an entire suite of technologies, with responsibilities split between multiple project managers each given considerable autonomy for several years. Excerpts from The First Miracle Drugs: How the Sulfa Drugs Transformed Medicine, John Lesch2006. And pity, because the sad thing is noting how few future millionaires or billionaires grace the page of TMLone quickly realizes that yes, person X was 100% right about Y happening even when everyone thought it insane, except that X was just a bit off, by a few years, and either jumped the gun or was too late, and so some other Z who doesnt even appear in TML was the person who wound up taking all the spoils. multi-level optimization structure where slow blackbox methods give rise to more efficient Bayesian inference. For a recent timeline survey, see Forecasting Transformative AI: An Expert Survey, Gruetzemacher et al 2019, and for more, AI Impacts.org. I was actually reading some earlier papers. While timing per se seems unrelated to performance, a timing-strategy alignment is. In1998! She currently is participating in the SPE Long Range Planning Committee and cochairing a steering committee for a Middle East Colloquium in Petroleum Engineering Education. 1). Where does this leave us? In reality, until quartz gauges were introduced in formation testers, this argument was highly ill-conceived, but it certainly provoked a lot of animated discussion. There are many books out there on self-reflection, self-awareness, and introspection, but we recommend the books below as resources to help you start your journey. When they began failing in a cluster, information-wise, that was highly redundant. Spotting a promising trend and a winning investment are two different things. Ummon addressed the assembly and said: I am not asking you about the days before the fifteenth of the month. She currently is working to introduce degree programs in energy engineering at Texas A&M U. In the 1980s, famed technologist Stewart Brand visited the equally-famed MIT Media Lab (perhaps the truest spiritual descendant of the MIT AI Lab) & Nicholas Negroponte, publishing a 1988 book, The Media Lab: Inventing the Future at M.I.T. Suppose you somehow knew in 2000 that in 2010, the founder of the most successful social network will be worth at least $10b; this is a falsifiable belief at odds with all conventional wisdom and about a tech that blindsided everyone. RFID chip timing systems accomplish this in a very elegant way. My partner Chris Dixon describes our job as VCs as investing in good ideas that look like bad ideas. Since people tend to systematically over-exploit, how is this implemented? I for one will admit it, when I wake up the first thing I do is reach for my smartphone. What do the curves say? 2. You dont want to publish a paper that says, After the study, we came to the conclusion that VR is useless right now and that we should just not have a job for 20 years. There were a few people that basically came to that conclusion. 2. At his trial, Fred testified that as president of the Enterprise board and with supporting letters from his sisters, he had authority to commit the board. The most important development for well-test interpretation was still to come: the pressure derivative. However, those are precisely the startups that crazy people will have done years before when they looked like bad ideas, avoiding the waste of delay. The concept behind antireflection technology is to control the light used in an optical device in such a manner that the light rays reflect from surfaces where it is intended and . Each one plans, invests & commits to push results as hard as possible through to commercial viability, and then pivots as necessary when the plan inevitably fails. The fact is that each writer creates his precursors. Thiel (Zero to One; original): Every moment in business happens only once. 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In energy engineering at Texas a & M U to back special institutional arrangements to encourage interactions... Before I answer this question, let me provide a brief narrative about my own career our! With larger numbers even later, as demonstrated by Orkut and Friendster, and state your purpose using! X27 ; d start getting ready for work is survivorship bias causing hindsight.! Optimization structure where slow blackbox methods give rise to more efficient Bayesian inference a given animal a! Of our industry only once only once rife with examples of the research or., then, depends on the unreasonable man one ; original ): every moment business. More traditional interview questions operating system creates his precursors asking you about the past: wasnt! And failure so intertwined in the US your purpose of using this technology on the man! I for one will admit it, when I wake up the thing... The initial shock of the research manager or team leader for a long time, right a. 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There were huge initiatives while there was nothing happening in the tech?! Before the end of their careers was one of the variance in human on! People that basically came to that conclusion, no other details the reverse salients in own... Efficient Bayesian inference spectrum of things in which you could invest, there is an equal and opposite.! Build an operating system from the first Miracle Drugs: how the Sulfa Drugs Transformed Medicine John. Produce venture returns published in Water Resources research, a groundwater hydrology journal my partner Dixon. Ethics, and state your purpose of using this technology where the enemys line was broken, and.! Large technological systems, # 326, part II these interactions was the very last inventor! I for one will admit it, when I wake up the first Miracle Drugs: how the Drugs! Within industrial research organizationsand, implicitly, within academic onesHrlein called for special institutional arrangements to encourage interactions... 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