But as Tim Harford, Financial Times Columnist, suggests (see his opinion piece on page 29), neither is necessarily true. First, plenty of other things need to change if innovations are to become truly transformative. Second, not everything that glitters is gold. Without the aid of massive computing power to process and analyse data, the interconnectedness that the internet creates, and the bandwidth that makes the instantaneous and bulk transfer of information feasible, these innovations might not have arisen and certainly would not have the same potential that they do now.