We can be proud of the long list of inventions that hail from these islands: the steam engine, railways, steel production, the electric motor, radio, computers, antibiotics, radar, DNA research, industrial automation and the worldwide web have all have their roots in pioneering British work. A Japanese survey once found that 56 per cent of the world's greatest inventions come from these shores.
The popular truism for the past decade is that broadcast TV is dead. However, recent earnings from filmed entertainment companies suggest anything but. Filmed entertainment, including TV, is booming, and the share price ticker tells the tale.
The connected home is an exciting concept and some businesses and individuals are already beginning to wake up to the opportunities of syncing our homes with our lives.
What can we do here in Britain to foster innovation and entrepreneurship in order to give our companies the best chance to succeed on the world stage? This is a question that we as a country need to answer if we are to remain an economic powerhouse, and with a multitude of emerging economies breathing down our necks, it's a question we need to answer quickly.
Euclid is a space telescope planned for launch in 2020 by the European Space Agency, and will make a map of the distribution of billions of galaxies in the Universe. This will make it possible to map the history and evolution of the dark Universe, which is the name given to describe everything we do not understand about the Universe.
Trends in the US reveal that the partitions are falling between the traditional living room, dining room and kitchen. The open plan Family Room which sweeps through to the kitchen is on the rise. Anyone looking for a new home in the UK this spring may have noticed a similar trend as families make the most of limited space.
Speaking at the FUSION finale, Alastair Mackie of The Financial Times, said "It seems that The Irish Times has come up with a winning formula for this start up development process. The Startup In Residence project (the next stage in the FUSION initiative) could provide a template for other organisations to follow".
Hence, the ambitious TAHMO project we are pioneering which requires the installation of 20,000 measuring stations, each one costing only 500 dollars, at intervals of 30 kilometres. The new weather stations, based upon latest cost-effective technology, will measure all standard meteorological variables (rainfall, radiation, temperature, humidity, wind speed, wind direction).
Virtual reality seems to be able to increase the fear factor without even steeper drops, more loops and faster acceleration rates. Perhaps it is because virtual reality will always be a more private experience - like playing Dead Space in a dark room surrounded by pizza boxes.
I often dash to my phone to check out a new notification and find that I've been tagged in yet another photo on Facebook. I always feel slight trepidation when this happens, because I don't know what's in that picture. I don't know how I look, and I can't join in the following conversation that the picture inevitably sparks off among friends.
Companies need to deploy a range of different strategies to help ideas flourish and innovation projects succeed. And the finance function can help create a framework that promotes clarity, transparency and financial discipline across that portfolio.