Have you ever wondered where great ideas come from? If your company has ever stalled for the lack of innovation, then you’ve probably thought about it from time to time. Innovative ideas can come from nothing, or from a long process of brainstorming and debate, but it always seems like some industries are consistently coming out with the best new products and processes, while others lag far behind. This isn’t your imagination; some industries are moving much more quickly than others. But which industries are the most innovative, and what sets them apart?
These days, when migrants arrive at a refugee camp, one of the first things they ask for is access to WiFi and electricity to recharge their cell phones. Their smartphone is as basic a resource for survival as food and water. This is a vivid reminder of the fact that we are fully immersed in a digital world.
When Céline Schillinger looked around her workplace she saw that the system didn’t value the diversity of competencies that different people could bring. They were being wasted. The system was focusing on a very narrow bandwidth of talents and always promoted the same kind of people, coming from the same background, and with the same kind of thinking. She decided to do something about it. Céline was called a troublemaker by her bosses, but thanks to her passion to grow and improve on rigid corporate systems, she was awarded Woman of the Year — La Tribune Women’s Awards in 2013. Céline is now the Head of Quality Innovation & Engagement at Sanofi Pasteur, the vaccines division of the multinational pharmaceutical company Sanofi.
Innovation is all about survival – how often do we hear versions of that line? But in the field of humanitarian aid this really is the case. Innovation can sometimes be a matter of life and death. It’s a world characterised by crisis – but it’s also somewhere from which we might learn some new lessons to help manage innovation.
We seem to have a problem. Health care costs are doubling every thirteen years in the US, (Regalado 2013). By 2030 they will devour a third of the US federal budget (Regalado 2013). In spite of this, the US was ranked last in 2011 by the Commonwealth Fund in quality of health care among similar countries (Wikipedia 2013). We can sense the impending disaster and it seems the hope is that our usual panaceas for all problems, policy, technology or better education, will someday deliver us from our pains. But how?
The share of profits from new products is particularly high in medtech compared to other industries; and Arthur D. Little’s recent global Innovation Excellence study demonstrates that a high performance innovation system generates significant and quantifiable effects on profitability and accelerated time to market for new product development. This viewpoint outlines the future of the medtech industry and its opportunities as well as how to address the challenges through implementation of a well-designed Innovation Management System.
Nanotechnologies offer a myriad of benefits and applications with more than 1300 nanotech-enabled consumer products from hair straighteners to cleaning fluids, but they also present several uncertainties and lack extensive regulation. As more products enabled by nanomaterials are released to the market, more workers risk exposure to potentially harmful materials—whether in a lab, a factory, or a construction site. Now, occupational safety and health agencies and researchers are providing more substantial guidance for handling nanomaterials at the workplace.
Concern about how long we spend sitting is rising: new research indicates that it may be a greater health risk than smoking. Mobile technologies are also changing how we sit - badly is the answer, with new pains and problems. New lifestyles, work patterns and designs needed.
Can an organization dramatically improve the quality, speed, and profitability of their new product projects while driving down the risk of failure? Absolutely! Organizations that rely on new products, technologies, and platforms to create customer value, grow market share, enter new markets, increase their profitability, and even alter market and competitive landscapes. In this article Chester Baker, Head of Global Innovation for Abbott Nutrition shares the winning formula for driving innovation in his company.
As implanted medical devices increase in variety and function and wearable computing draws closer, their energy needs have become paramount. Now, new sources are being found even as the devices scale down their energy requirements.
Embedded intelligence and sensors are set to revolutionise many aspects of healthcare and support for older people. Some of those technologies, which are wearable, ingestible, responsive and communicative, herald significant changes and benefits ahead, and could reduce the growing costs of falls among older people.
New materials and processes are proving effective against a growing range of bacteria and have wide ranging applications. Similar approaches may also change the way we clean our clothes and how often we paint our houses. They could also prove disruptive to existing sectors’ income streams.
Stem cells hold out enormous revolutionary promise in regenerative medicine. The array of potential applications continues to grow as research overcomes ever more hurdles from the sourcing of cells to the actual application processes. The teen years of the 21st century could be the decade that stem cells deliver on their promise.
Mobile health apps are set to change the way individuals can look after their health, doctors can diagnose and monitor patients, and medical research can collect data and develop their research. As health apps go from ‘dumb’, i.e. use only aggregated or limited personal data to intelligent using personalised health records and genetic data, a revolution may be underway.
Living Well Collaborative is a new player in the innovation game and a sign of what's to come – downstream innovation management by and on behalf of users, interacting with academics and industry, jointly, to fashion the future. Deborah Mills-Scofield tunes into Living Well..