It’s not difficult to invent. Find a friction point first. Then, could you remove it?
It would be so simple!
Thinking of new ways to solve common problems and bridge the gap takes imagination. You must also be willing to put your brainpower, time, and money into inventing. These skills are often in high demand in today’s fast-moving market. Many entrepreneurs and organizations are eager to become change agents. Their results continue to shake up society and business in new ways.
Consider drones. More than 850,000 drones are registered with FAA today. They are used for everything, from meteorology and mapping to disaster aid and deliveries. Gartner predicted that drone-based shipments would explode almost tenfold between 2018 and 2023. Drone technology was not a common topic ten years ago. What happened? Innovations went beyond drones’ apparent capabilities. Drones are now a standard tool for many people, businesses, and governments.
Other innovations can be just as revolutionary and life-changing. These three innovations are changing the face of their industries and may inspire you to make your next business move.
Many entrepreneurs and organizations are eager to make a difference.
Healthcare Innovation: Improved access to patient data.
Research and development (R&D) are integral to medicine and the life sciences. It can take a huge time to bring a product to market. It can take up to 20 years to get a new drug to market. Patients and physicians must wait.
What’s the problem? Access to annotated, clean data is a crucial factor. Research and development professionals cannot make faster decisions if they can’t quickly understand and use data. They are unable to move forward because of dated data processing and parsing.
Dotmatics CEO Thomas Swalla is among the pioneers who solved this problem. ARR Cloud Software’s digital platform, powered by AI, has been designed to cut down on scientists’ data integration time and reduce documentation time by half. Dotmatics has worked with top universities and companies such as MIT and Novartis to tap into the life sciences research-and-development market. According to Rene van den Bersselaar (Global Head IT and CIO of Debiopharm), their partnership brings new therapies to patients more quickly.
It is essential that business leaders can trust the validity of their data. They must also be able to collect and store the data in a way that makes it easy and convenient to use. A data management plan can help to reduce data errors and inefficiencies. Data management can be the foundation of internal innovation. This can be a branding advantage since many companies haven’t mastered data governance.
Understanding the data that you collect is key to managing your data. Once you know the data that flows into your company, you can plan how it is cleaned, stored, and used. You can eliminate tedious manual tasks by having error-free data.
Construction Innovation: An “all-inclusive” approach to architecture and construction.
Design and building have been siloed in the history of architecture and construction. The overall design and aesthetics are the focus of a designer. The blueprint is passed on to a builder to bring the vision to reality. However, the flow between the two components is often clunky and frustrating for everyone involved, even the customer.
Amanda Gunawan felt this lack of a link between construction and architectural design was unnatural. Her solution was to connect all pieces through OWIU, the design firm where Gunawan is a partner. Building projects are not just transferred from one hand to the other. OWIU oversees and maps the entire journey.
This isn’t dissimilar to what happens in other industries like full-service financial advising. Concierge financial advisors can often manage all wealth management requirements for high-net-worth clients. This provides a seamless end-to-end experience. This principle could be applied to architectural projects.
What is the key takeaway from this innovation? It is a reminder that silos can be identified and removed. Silos can be either vertically or horizontally oriented, hindering healthy collaboration and productivity. Managers and executives can avoid silos by encouraging open information exchanges between teams. This will help to avoid silo pitfalls such as change resistance and duplication.
Consider the silos within your business. Do they add or subtract value from your business operations? Your team can work together to eliminate silos and pinpoint their source.
Education Innovation: High-quality education is helping to overcome labor shortages.
As per the U.S. News and World Reports, more than one million nurses will be required by 2022. Unfortunately, nurses are not in sufficient supply but they have highly sought after. Many nurses and other healthcare workers have chosen to leave the medical field. This has led to a crisis in the healthcare industry.
Carrus is a provider of health-related education and actively works with companies such as Walgreens to fast-track some medical career paths. For example, take the technician position. Many people are interested in becoming technicians but don’t want their career to stagnate. Online training, virtual certification programs, and other learning tools, can help connect job seekers and healthcare employers.
Medical personnel will be able to move faster if they can master the skills that they need. To be successful in accelerated education, one must have the right supervision and preparation. It could still be best to place workers in medical jobs and upskill them quickly.
More than half of small business leaders claim that they are having trouble filling open positions. They could attract more talent by creating educational pathways that allow people with potential to learn but lack the skills they need. By investing in a custom curriculum, organizations could make their brand known as a place to work, learn, and grow.
For the right job candidates, even small businesses can provide excellent training. It doesn’t take much to set up everything. You can leverage a cloud-based Edtech platform to create a great employee training experience.
Innovation is never finished. New pain points will always arise. You don’t have to use big innovations to improve your daily practices.