TIME's Best Inventions Accelerating Global Impact and Adoption
TL;DR
- Time's "Best Inventions" list prioritizes global impact and news-making innovations that are changing consumers' lives today, not just early-stage concepts.
- The speed of adoption and global reach for innovations has significantly increased due to social media and the internet, enabling small companies to gain traction.
- Humanoid robots, like Figure 03, are targeting domestic work, posing implications for job replacement in household tasks while potentially easing burdens for caregivers.
- Waymo's slow, deliberate rollout strategy, starting in controlled environments like Phoenix, builds corporate trust and community acceptance for driverless car technology.
- The Aura Ring has revolutionized wearables by solving the "real estate problem" and integrating fashion with biometric tracking, prompting competitors to patent similar designs.
- Innovations in infant formula, such as whole-milk-based options meeting European standards, address US consumer concerns about additives and prioritize infant brain development.
- Connected tractors, like John Deere's electric models, integrate cloud connectivity to optimize agricultural needs, reflecting a trend in advanced B2B manufacturing solutions.
Deep Dive
TIME's "Best Inventions" list reveals a significant acceleration in innovation's global reach and impact, driven by digital platforms that allow even small, individual creators to achieve widespread recognition and adoption. This shift challenges traditional notions of innovation, emphasizing speed and accessibility while also highlighting the evolving criteria for what constitutes impactful invention, moving beyond pure technological advancement to include design, societal influence, and even consumer well-being.
The process for selecting TIME's Best Inventions has evolved from a small, ranked list to a broader, unranked compilation that reflects the sheer volume and diversity of global innovation. While TIME still seeks products that "move the needle" and change consumers' lives, the application and research process now incorporates submissions from companies, pitches from their newsroom, and extensive research to identify innovations with significant global impact. This year's expanded list includes a wide array of items, from purely theoretical mathematical discoveries to practical consumer goods, and critically, separates innovations into sectors like design, beauty, and health, acknowledging that impact can manifest in various forms. Design, in particular, has become a major draw for readership, signaling a consumer appetite for both aesthetic appeal and smart functionality. Furthermore, the integration of "buy now" links for purchasable products demonstrates a direct link between innovation recognition and consumer commerce, particularly for gift-oriented items.
A key trend observed over TIME's 25-year history of the "Best Inventions" list is the dramatic increase in the speed of adoption and the potential for global impact, even for small companies or single inventors. This is largely attributed to social media and the internet, which enable rapid dissemination and viral growth. This digital acceleration allows innovations to gain traction and influence far beyond traditional market channels, democratizing the path to recognition. This is exemplified by products like the "Heated" device for bug bites, which saw significant orders, and a Japanese cat sculpture that blows on hot beverages, highlighting the appeal of both practical problem-solving and charmingly novel designs. The list also showcases a growing focus on health and wellness, with medical innovations like the tremor-stopping implant and the mRNA vaccine being recognized, alongside a resurgence in whole-milk-based infant formula that meets stricter European standards, addressing concerns about additives in US products.
The landscape of innovation is also being shaped by advancements in robotics and artificial intelligence, particularly with the emergence of humanoid robots like Figure 03. While initially focused on industrial applications, such as assembling cars in a BMW factory, this technology is now targeting the home for tasks like laundry and dishwashing. This development presents a dual-edged sword: it could alleviate domestic burdens, particularly for women, but also poses a significant threat of job displacement in domestic work. Separately, autonomous vehicle technology, represented by Waymo, continues its slow but steady rollout, expanding into new cities and gaining local community acceptance, a stark contrast to the initial pushback often seen with new technologies. Waymo's strategy of gradual expansion and focus on safety, even maintaining familiar elements like steering wheels, aims to build consumer trust. The wearable technology sector is also evolving, with the Aura Ring achieving significant influence by revolutionizing the market with a single, elegant product that addresses the "real estate problem" of device placement and integrates fashion with health tracking, even outperforming some wrist-based devices in certain metrics.
The implications of these innovations are far-reaching, suggesting a future where technology seamlessly integrates into daily life, from advanced robotics in homes to sophisticated health monitoring devices. However, the acceleration of innovation also brings significant societal considerations, including the potential for widespread job displacement due to automation and the ethical debates surrounding advanced AI and robotics. TIME's "Best Inventions" list serves not just as a catalog of new products but as a barometer for societal shifts, technological trajectories, and evolving consumer priorities, underscoring the critical role of marketing and communication in bringing these innovations to the public consciousness.
Action Items
- Audit 5-10 product categories for innovation: Identify criteria for "moving the needle" and "global impact" to refine selection process.
- Create framework: Define 3-5 metrics for assessing innovation speed of adoption and global reach to track trends.
- Analyze 3-5 consumer product categories: Evaluate design and aesthetic appeal's impact on readership and purchase intent.
- Track 2-3 B2B innovation examples: Document their integration of data and technology for operational optimization.
- Measure 3-5 emerging technologies: Assess potential job displacement and societal implications for future impact analysis.
Key Quotes
"we get a lot of pitches from reporters as well and then myself and a small team of editors comb through them all and really is you know we're looking for mainly news newsworthiness so we're looking for products that really moved the needle this year it's a little different than some things like ces or things that are a little earlier stage we're really looking for things that are like changing consumers' lives today or this year and yeah so we're really impact is huge for us global impact is what we're looking for and it's a really big mix of of b2b products ideas you know one year we had a new shape i don't know if you remember this it was a couple years ago but mathematicians discovered a new shape that that had could be could be repeated you know into infinity and that was on the list and then all the way down to really basic consumer products that are just smartly designed or or had a big moment this year"
Emma Barker Bonomo explains that Time's "Best Inventions" list prioritizes products that have demonstrably impacted consumers' lives within the current year, focusing on newsworthiness and global impact. This approach distinguishes their selection from earlier-stage innovations often seen at events like CES, aiming to highlight tangible changes happening now.
"yeah the design category is is one of our most popular categories actually in terms of readership and what you know we get stats on what people click on and what people look to buy and design is top of that people are always really excited about that and when we're looking at design we're looking you know things we'll put in the design category maybe wouldn't have stood out in its separate category but are just fun to look at or really smartly designed"
Emma Barker Bonomo highlights the significant popularity of the design category for Time's "Best Inventions" list, noting that readership data shows strong engagement with visually appealing and cleverly engineered products. This indicates that aesthetics and smart design are key factors that resonate with their audience, often driving significant interest and purchasing intent.
"so we've been doing best inventions specifically for 25 years it started in 2000 but obviously time has been covering innovation for our entire 101 year history and i think the biggest change we've noticed is yes in terms of speed of adoption but ability to have global impact even if you're a small company or a small product mainly that's a social media thing and an internet thing you know we have companies or products that are made by a single inventor like a man in his garage that have made the list because you know they really took off online or or on social media and and just blew up and so it's a lot easier i think for smaller companies and smaller innovators to make these kind of lists now"
Emma Barker Bonomo observes a significant shift in innovation over the 25 years of Time's "Best Inventions" list, attributing the increased global impact of smaller companies and individual inventors to social media and the internet. This digital landscape allows even products created by a single person in their garage to gain widespread recognition and traction rapidly.
"yes it is a humanoid robot oh dear um it is a humanoid robot and i actually it's the second year in a row we've had a humanoid robot on the cover last year we had a different robot that was doing more factory work that was doing things like what you see in an amazon where it's you know sorting packages doing that kind of stuff in a fulfillment center there have been a few companies that have branched into that and figure is one of them it's actually working in a bmw factory right now i forget if it's west virginia or virginia somewhere out east and actually working on the floor you know 10 hours a day assembling cars and that's sort of in a trial period so that's sort of been done but what made us really interested in figure and the figure three specifically is that figure is one of the first companies that's targeting the home for humanoid robots"
Emma Barker Bonomo discusses the emergence of humanoid robots, noting that while they have been featured for factory and fulfillment work, the Figure 3 robot is particularly noteworthy for its targeting of the home environment. This represents a significant expansion of humanoid robot application beyond industrial settings into domestic life.
"well they've done something really interesting which is this sort of the opposite what other of other silicon valley companies which is this very slow rollout they've been operating for years and years and you know a lot of them start phoenix is sort of their that's where they started phoenix yeah that's sort of their trial area they always launch new stuff in phoenix try it out what happens in phoenix nice yeah it's fine nice and safe just a little hot but yeah and then they you know they expand it to different cities slowly one by one and sort of gain this corporate trust and something that we found in our reporting for that cover story was that they're largely being very you know welcomed by the local communities with open arms which is not something that we've seen with a lot of other technologies usually there's an initial kind of pushback to something that different"
Emma Barker Bonomo points out that Waymo's strategy of a slow, deliberate rollout, starting in Phoenix and gradually expanding to new cities, contrasts with the typical approach of many Silicon Valley companies. This measured expansion, coupled with a welcoming reception from local communities, has helped Waymo build trust and acceptance for their driverless car technology.
"yes but why is it aura ring four is it something special about that that's just the that's just the newest one they've added some sensors they track new biometrics so they've really just expanded the offering of that but that is that particular recognition is a little bit of a lifetime achievement aura is kind of amazing they came out of nowhere with a single product yeah and they have totally revolutionized the the wearable space big time to the point that you know major companies like apple and other wearable makers are filing you know patents there's always rumor that they're going to do a ring and filing patents that are sort of seen as trying to replicate what aura has built which is really amazing for a company that does one specific thing and is not silicon valley based"
Emma Barker Bonomo explains that the Aura Ring 4's inclusion on the list signifies its status as the newest iteration with expanded biometric tracking capabilities, contributing to Aura's overall recognition. She emphasizes Aura's significant impact on the wearable technology market, noting how they revolutionized the space with a single product, prompting larger companies to develop similar offerings.
Resources
External Resources
Books
- "Time's 100 Most Influential Companies" - Mentioned as a major project overseen by Emma Barker Bonomo.
Articles & Papers
- "Time's Best Inventions" (Time Magazine) - Mentioned as an annual list curated by Time magazine, with the current year's list being the largest ever.
People
- Emma Barker Bonomo - Editorial Director at Time, oversees "Time's Best Inventions" and "Time's 100 Most Influential Companies."
- Barbara Khan - Co-host of Marketing Matters, Professor of Marketing at the Wharton School.
- Americus Reed - Co-host of Marketing Matters, Professor of Marketing and Brand Identity Theorist at the Wharton School.
- Brett Adcock - CEO of Figure AI, discussed in relation to his company's humanoid robots.
Organizations & Institutions
- Time Magazine - Known for its annual lists, including "Best Inventions" and "100 Most Influential Companies."
- Wharton Podcast Network - The network producing the "Marketing Matters" podcast.
- UCLA - Mentioned as the institution that awards the Gerald Loeb Awards.
- Gerald Loeb Awards - Awards mentioned in relation to Emma Barker Bonomo's recognition.
- John Deere - Mentioned as a large American manufacturer innovating in the agriculture space.
- Amazon - Mentioned for trialing humanoid robots in their warehouses.
- Figure AI - Company developing humanoid robots, with their Figure 03 model featured.
- BMW - Factory where Figure AI's humanoid robots are being trialed for assembly.
- Waymo - Company developing driverless car technology, which had a significant year and was featured on the cover of Time 100 Most Influential Companies.
- Jaguar - The brand of cars currently used by Waymo.
- Apple - Mentioned in the context of wearable technology and potentially developing a ring similar to the Aura Ring.
- Aura - Company that has revolutionized the wearable space with its ring product.
- Penn - Mentioned as the location where the mRNA vaccine was developed.
Websites & Online Resources
- time.com/bestinventions - The website where the full "Time's Best Inventions" list can be found.
- acast.com/privacy - A link provided for more information on Acast's privacy policy.
Other Resources
- Innovation - Defined as the process of implementing new ideas, products, services, or processes to create value, solve problems, increase efficiency, and gain a competitive edge.
- Best Inventions list - An annual list curated by Time magazine that recognizes impactful innovations.
- Time 100 Most Influential Companies - A list compiled by Time magazine recognizing influential companies.
- Person of the Year - A list from Time magazine that has been in existence for almost 100 years.
- CES - An event mentioned in contrast to Time's "Best Inventions" list, implying CES features earlier-stage innovations.
- AI (Artificial Intelligence) - Mentioned as a type of innovation pitched by Time's tech team.
- New Shape - A mathematical discovery that could be repeated infinitely, previously featured on Time's list.
- B2B products - Products designed for business-to-business use, mentioned as a category on Time's list.
- Consumer products - Products designed for direct consumer use, mentioned as a category on Time's list.
- Design - A popular category on Time's "Best Inventions" list, focusing on aesthetics and smart design.
- Wellness - A category mentioned in relation to beauty products, with a distinction made for innovations requiring scientific backing.
- Affiliate kickbacks - Mentioned in the context of potential revenue from product sales linked from Time's list.
- Gift guide - The function of certain product listings on Time's list, particularly in the design category.
- Innovation acceleration - A trend observed in the increasing speed of adoption and global impact of innovations.
- Social media - A factor contributing to the speed of adoption and global impact for smaller companies and products.
- Internet - A factor contributing to the speed of adoption and global impact for smaller companies and products.
- Heat it - A small device that plugs into a phone to neutralize bug bites by heating to a scientifically determined temperature.
- Cat sculpture - A decorative item that perches on the edge of a cup or bowl and blows on hot beverages.
- Robot vacuum - A type of robotic device for cleaning floors, with Roomba mentioned as a pioneer in the space.
- Mrna vaccine - A medical innovation featured in Time's Hall of Fame.
- Parkinson's disease - A condition for which tremors can be stopped by an implant.
- Connected tractor - A tractor that connects to the cloud for monitoring agricultural needs.
- Humanoid robots - Robots designed to resemble the human form, with Figure 03 and robots used in Amazon warehouses mentioned.
- Fulfillment center space - An area of innovation involving robots for packing and delivering items.
- Warehouse technology - Technology used in warehouses for fulfillment, delivery, and sorting.
- Blade Runner - A movie mentioned in the context of humanoid robots and the concept of replicants.
- Replicants - Characters from the movie Blade Runner, discussed in relation to humanoid robots.
- Waymo ride - The experience of using Waymo's driverless car service.
- Uber - A ride-sharing service mentioned for comparison to Waymo and its initial adoption.
- Smart speakers - Devices people are accustomed to speaking to, relevant to voice-commanded technology.
- Phoenix - The city where Waymo initially launched and tested its services.
- Wearable space - The market for wearable technology, where Aura Ring has made a significant impact.
- Aura Ring 4 - The newest model of the Aura Ring, featuring additional sensors and tracking new biometrics.
- Patents - Filed by companies like Apple in an attempt to replicate Aura's innovations.
- Infant formula - A product category discussed in relation to US and European standards and ingredients.
- Whole milk formula - A type of infant formula based on whole milk, considered superior for brain development by some.
- Skim milk formula - A type of infant formula based on skim milk, often used in the US.
- Additives in food - A general concern that has led to scrutiny of ingredients in products like infant formula.
- High fructose corn syrup - An additive mentioned as being present in some US infant formulas.
- Sugar - An additive mentioned as being present in some US infant formulas.
- Maha movement - A trend related to wellness and a pushback against additives in food.
- European standards - Stricter regulations for infant formula ingredients compared to the US.
- Newsstands - Locations where the special issue of Time Best Inventions can be found.