New technologies enable you to develop new solutions that were not possible in the past. They enable you to develop improved and better solutions, overcoming the limitations, weaknesses, and shortcomings of today ’s solutions.

Know what new technology solutions are being developed for your industry or business. One of the best ways (though not the only way) is to keep a very close eye on alpha and beta news.

What is Alpha And Beta News? Technology applications and software solutions usually go through alpha and beta testing before being launched to the world.

By following up on alpha/beta news, you get to know what new products and solutions are going to be offered to your industry/ market before they actually are. One useful site you can check out is Www. BetaNews. com.

The importance of emerging technology in determining the future of almost everything on our planet is growing exponentially. Learn and be up - to - date about emerging technologies. Ask yourself how such technologies might impact your industry and how you can be the fi rst to capitalize on it. Keep a very close eye on the techies out there who are messing around with your industry rules.

People who know their industry very well and know how to utilize the latest technologies to solve its most immediate and pressing problems (the ones that existing products are failing to solve) always make a lot of money.

New technologies set new and higher limits of what we can do. They redefi ne what is possible.

Identify Problems and Come Up with Innovative Solutions

This is easier than you think! Given the fact that you ’re now free from the shackles of prevailing paradigms, you can think more clearly and innovatively than your peers and competitors. Identify

Problems faced by your industry, ones that your industry really wants to solve but doesn ’ t have the slightest idea how.

The formula is very simple, really. If you can identify problems faced by your industry, business, or market, and come up with solutions to these problems, then you will have actually invented the future.

How can you come up with innovative solutions? The magical answer is: Question the way things are currently being done. The most powerful, million - dollar question you have to keep asking is “ Who said things have to be done this way? ” Who says things should be done the way they ’ re being done?

Who said watches have to have hands, springs, bearings, and so on.? You see, it was Swiss researchers who invented the electronic quartz movement at their research institute in Neuchatel, Switzerland. When this revolutionary new idea was presented to Swiss manufacturers in 1967, it was rejected. Why? Because it didn ’ t have a mainspring, it didn ’t need bearings, it required almost no gears, and it was battery powered. It was electronic. It couldn ’ t possibly be the watch of the future.

A word of advice: Don ’ t just focus on solving the easy problems, because you can rest assured that 99.9 percent of your competitors are working on solving them. It is human nature to work on solving the easy problems fi rst. You can get an amazingly clear idea of what ’ s cookin ’ by closely following your industry news.

Instead, try to tackle the slightly harder problems. You won ’t fi nd many people on that territory. The more diffi cult the problem, the fewer people you ’ ll fi nd competing against you!