Framework Thinking | Taking Technological Innovations

​When dealing with technological innovations, we can think about the following framework: First, It is not limited to using new technologies to realize current scenarios and functions but to focus on developing new processes and applications, that is, to do what we can't do now. In this way, greater opportunities can often be found. Such changes also have a long-term impacts. Second, we need to focus on solving people's actual needs.

Let's look at a few examples. 

​Cars replace carriages. Cars drive faster than carriages and cause the need for new energy gasoline. Automobiles have created prosperity in the oil industry. Cars have also promoted highway construction. Low-cost maintenance of vehicles also makes it possible for everyone to own a car. Of course, people's need for others to provide transportation services has remained, so coachmen have become taxi and freight drivers. This is the need of people who are inconvenienced by technological change.

The Internet replaces offline services. The Internet has created new low-cost e-commerce and industries such as electronic payment and express delivery. Internet e-commerce has also made targeted marketing more needed by people.

Mobile phone. Mobile phones replace cameras and palm treasures and create new mobile application services industries such as mobile games and navigation.