Chapters authored
Introduction to Complex Systems, Sustainability and Innovation
The technological innovations have always proved the impossible possible. Humans have all the time obliterated barriers and set records with astounding regularity. However, there are issues springing up in terms of complexity and sustainability in this context, which we were ignoring for long. Today, in every walk of life, we encounter complex systems, whether it is the Internet, communication systems, electrical power grids, or the financial markets. Due to its unpredictable behavior, any creative change in a complex system poses a threat of systemic risks. This is because an innovation is always introducing something new, introducing a change, possibly to solve an existing problem, the effect of which is nonlinear. Failure to predict the future states of the system due to the nonlinear nature makes any system unsustainable. This necessitates the need for any development to be sustainable by meeting the needs of people today without destroying the potential of future generations to meet their needs. This chapter, which studies systems that are complex due to intricateness in their connectivity, gives insights into their ways of emergence and the nonlinear cause and effects pattern the complex systems use to follow, effectively paving way for sustainable innovation.
Part of the book: Complex Systems, Sustainability and Innovation