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Why does the diffusion of innovation take so long?

The diffusion of innovation can take up to 10 years. Why is industry so slow to catch up on new technology? Why is there such a gap between what science knows, and what business does? Why don't I see technology presented in TED Talks from before 2005 in the market today? Why is 10 year old research/knowledge/technology still "news" to people in the industry? How can we speed up the diffusion of innovation?

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  • Jun 24 2011: The real question is do we really want to speed up the diffusion of innovation...

    For people who always want to experience the frontline of technology innovation, nothing is stopping them. To shift from traditional light to LED light may seem a small step but actually it is a huge undertaking. To replace all the lightbulbs on the market in a short period of time is a burst action and such actions are almost never good on a macro scale. Yes we're interested in engergy efficient products, but we also want predictable pace of progress.

    - Ding

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