Innovation will become the NEW Industrialization soon. This means, Innovation becomes very basic and essential for every aspect of human life – be it at individual level, for business, for political systems and every where. Even though Innovation is part of civilization development ever since, now it would be altogether very different. Why? – Mainly because of “Innovation Proliferation” . One Innovation will fuel ten other new Innovations and those ten Innovations will fuel hundred others. So part of current generation and next generation will experience very different kind of life on this planet. Soon once upon a time science fiction will become a reality.
There will be always downside to any extreme development. The downside could be some of the jobs would be replaced be AI, Automation, etc. But this kind of side effect you will always face. Unless there is a problem there is no room for Innovation. Job losses will trigger Innovation at government and economic policies level. So this cycle will continue. As I have written earlier every advancement will go to peak and take 1/4th U Turn. So don’t worry much about any too much advancement. Just understand the cycle and we will be fine. Read about 1/4th U Turn concept => 1/4th U Turn
In conclusion, Innovation is a MUST for every one even for basic survival and now the so called fancy Innovation thing will become routine soon. Innovate and experience the thrill of Innovation while it is hot.