1) Tim O'Reilly discusses innovation and the future at a MakerFaire event. He talks about how O'Reilly identifies innovative technologies and helps spread information to allow others to follow.
2) O'Reilly uses a methodology of observing early adopters, identifying emerging trends, and considering possible consequences to understand the future.
3) Innovation works like a four-cylinder engine, with the stages being: having fun with new ideas, thinking big about changing the world, building businesses and products, and maintaining ecosystems to create more value than is captured.