When we talk about how technology develops, there are two main types of changes: small improvements and big breakthroughs.

1. Small Improvements (Incremental Innovations):

• These are like tiny upgrades to what we already have.
• They make up about 80% of all new ideas and technologies.
• For example, think about when your favorite app gets an update or when cars get better gas mileage.
• These small changes usually cost less and are less risky.

2. Big Breakthroughs (Radical Technological Breakthroughs):

• These are major changes that create new markets or completely shift how we think about things.
• They account for about 20% of new ideas.
• Great examples are the invention of the internet or the mobile phone.
• Though these big changes can be riskier and often need a lot of money to get started, they can also lead to amazing rewards.

In short, small improvements help things get better over time, while big breakthroughs can change entire industries in exciting ways.