Emerging Tech

Social Networks, Innovation And The MITH Myth

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Executive Summary

Modern economies, The Economist recently noted, "Are not built with capital or labor as much as by ideas." By some estimates nearly half America's gross domestic product is based on intellectual property. As the knowledge economy rapidly morphs into the creative economy, it's becoming more urgent than ever to understand creativity, especially those leaps that change the very nature of the game. What's new is the growing hyper-connectivity brought to us by the Internet and an emerging class of social software platforms. Social software enables people to rendezvous, connect, or collaborate through computer-mediated communication and to form online communities.

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