Today, risk aversion appears to prevail over everything that we do. But without risk, there can be no progress. We must strike a balance between obsessive risk mitigation and the need for continued progress.
One outlier today is SpaceX. They are willing to employ an iterative approach, much like the Wright Brothers, building, testing, and failing to figure out where the flaws reside. SpaceX is comfortable with rockets blowing up, because the data these explosions provide ultimately will lead to safer designs.
SpaceX is another good example: their main risk mitigation is to test with unmanned rockets. Rockets can blow up and only money is lost, no lives. If the Wrights could have tested with a remote-controlled plane, I'm sure they would have.
Today, risk aversion appears to prevail over everything that we do. But without risk, there can be no progress. We must strike a balance between obsessive risk mitigation and the need for continued progress.
One outlier today is SpaceX. They are willing to employ an iterative approach, much like the Wright Brothers, building, testing, and failing to figure out where the flaws reside. SpaceX is comfortable with rockets blowing up, because the data these explosions provide ultimately will lead to safer designs.
SpaceX is another good example: their main risk mitigation is to test with unmanned rockets. Rockets can blow up and only money is lost, no lives. If the Wrights could have tested with a remote-controlled plane, I'm sure they would have.
Such a good piece!!!!! And so relevant today.