Electronic Maps – Geographic Information Systems (GIS)Electronic maps simplify planning and routing. They lower the cost of transportation by sharply reducing the cost of getting lost. Furthermore, they allow optimization of store and advertisement placement. The reason Starbuck’s always seems to be “on the way” is due to the use of GIS. Dangermond found Environmental Systems Research Institute (ESRI) in 1969 … Continue reading "Electronic Maps – Geographic Information Systems (GIS)"
Blockchain Explained? Hype or Hope?Blockchain is like the gluten diet a few years back; everybody’s into it but nobody’s quite sure why and few people really need it though to those who do it’s important. I’ll analyze it through the only metric that really matters, value. But before doing that, we need to understand what the it actually is. … Continue reading "Blockchain Explained? Hype or Hope?"
MinicomputerComputers were big. They were enormously expensive and physically giant machines. IBM’s nickname from this time was Big Blue on account of the size of the company and their computers. History Olsen developed, by current standards, small transistor-based computers at MIT. He left in ’57 to form a company, the Digital Computer Corporation. It was … Continue reading "Minicomputer"
RadioEarly radio transmitted Morse code over the air, not sound. Transmitting Morse Code was much less expensive than wired lines. In the mid 1880’s Heinrich Hertz published the results of experiments proving an ability to transmit electromagnetic waves, later known as radio waves. His work was purely scientific. Both Tesla, in the US, and Marconi, … Continue reading "Radio"
Options & Futures“I’ll gladly pay you Tuesday for a hamburger today,” cartoon character Wimpy Wellington repeatedly offers. If he worked as an options trader he’d probably say “I’ll gladly pay you 1/10th the price of a hamburger today if I can buy a hamburger, sometime in the next year, at the price they are today.” You’d answer: … Continue reading "Options & Futures"
BicycleProlific innovator Karl Drais invented the bicycle, first without pedals then, later, with. He also invented the typewriter w/ keyboard, first stenograph, and player-less piano. Drais was a civil servant ineligible for patent protection but was given patents and a pension. However, he found himself on the wrong side of a Prussian war, going so … Continue reading "Bicycle"
FM RadioHistory In 1906, Lee de Forest invented the “three-electrode Audion” cathode ray tube. However, by his own admission, saw no use for it in radio. During his time at Columbia, Armstrong worked with Audion tubes and realized they could recycle a radio signal, amplifying it by sending it repeatedly through the tube. Further, by reversing … Continue reading "FM Radio"
BarbieIn 1945, Harold “Matt” Matson and Elliot Handler created a garage-based manufacturing business. They named it by combining their first names, Mattel. First, they manufactured picture frames. Using the leftover pieces of wood, Elliot built dollhouses that sold well. Soon, Matson dropped out of the business leaving it solely owned by Handler and his wife, … Continue reading "Barbie"
Management ConsultingIn 1886, Arthur D. Little, of MIT, founded the first management consulting company. Despite a 2002 bankruptcy, it still exists today. Little consulting tended to focus more on technology than management or strategy. Booz started his firm in 1914, focused on management. In 1933, Bower, a Harvard lawyer and MBA, went to work for McKinsey’s … Continue reading "Management Consulting"
Portable VentilatorVentilators breathe for people when they cannot breathe on their own. John Emerson was a physician focused on breathing devices who developed the first mass produced iron lung. Building on Emerson’s work, Bird developed the portable ventilator and, later, created a company, Bird Corp., to commercialize it. Bird Corp. created a home ventilator in 1965, … Continue reading "Portable Ventilator"
MusketWhile Guttenberg’s forge was working to bring about the Renaissance, a more common use was to create weapons to kill one another. One of the most noteworthy is the musket. Background Early muskets were more like small cannons than the later-day rifles. Sometimes two-people needed to operate the earliest weapons due to their weight. Armies … Continue reading "Musket"
Sound Over RadioAfter a series of other innovations involving radio, Fessenden invented sound over radio in 1906. Before then radio typically carried Morse Code signals. He created a company, NESCO, that struggled with IP, financing, and people issues. The owners, including Fessenden, hoped to sell the company to AT&T or GE but that deal did not close. … Continue reading "Sound Over Radio"
Protease InhibitorsHistory They first called it gay men’s cancer. Then announced it affected intravenous drug users. People became skeptical when they added Haitians as a risk factor. Being gay, a drug user, or black was a death sentence? My openly gay high school English teacher became sick and quickly died in the middle of a semester. … Continue reading "Protease Inhibitors"
Heart-Lung Machine / Cardiopulmonary BypassHeart-Lung machines temporarily do the work of the heart and lungs allowing surgeons to operate on the heart or lungs. Despite the sci-fi nature, it was a husband-wife garage invention. Background In 1931, surgeon John Gibbon lost a patient he felt sure would have lived if he could temporarily keep blood circulating and oxygenated. He … Continue reading "Heart-Lung Machine / Cardiopulmonary Bypass"
WikiSearch, a Wikipedia Search EngineIts origins were deceitful, duplicitous, and downright dumb but Google needs a competitor and maybe it’s not such a bad idea. I’ve been focused on Wikipedia lately, after my article published by the Institute of New Economic Thinking, INET, Wikipedia’s Ties to Big Tech, here. That put me in touch with lots of senior Wikipedia … Continue reading "WikiSearch, a Wikipedia Search Engine"