Meet Innovation and Trends Speaker Michael Tchong
Michael is author of “Ubertrends — How Trends And Innovation Are Transforming Our Future,” entrepreneur, futurist and adjunct professor. For more information on Michael’s top-rated and globally renowned speaking services or “Ubertrends” book, click buttons below or call 800-WAY-COOL.
What is innovation?
The Nest Learning Thermostat represents disruptive innovation. It overcomes the pain point of traditional thermostats that many fight over by being “smart” and saving money.
What is incremental innovation?
Incremental, or “efficiency,” innovations seek to produce the same product or service more cheaply or efficiently and are the most popular type of innovation. Starship robots can make deliveries more consistently and cost-effectively.
What is orthogonal innovation?
The Sharpty Inverted Umbrella is a perfect example of a “think different,” or orthogonal, innovation. The Sharpty closes in the opposite direction, allowing water to be captured instead of dripping on you.
Another “think different” example
The Celebrity Edge’s Magic Carpet is orthogonal, or “think different,” innovation. Its elevator platform boards many passengers at once while also serving as a restaurant.
What is disruptive innovation?
Disruptive innovations are those rare inventions that change the way the world works, disrupting industries. Apple will sell more watches in 2019 than the entire Swiss Watch industry combined.
Recent Innovation and Trends
Skydio has launched a new version of its Skydio drone and it’s a revolutionary innovation, complete with its own “launch box”: https://www.youtube.com/watch?v=imt2qZ7uw1s https://www.youtube.com/watch?v=k8RRykNVL6E
On June 8, International Monetary Fund Managing Director Christine Lagarde warned that the growing presence of tech players leveraging big data and artificial intelligence technology could significantly disrupt the world’s financial system.
Marlborough, Mass.-based ReWalk Robotics has received clearance from Food and Drug Administration for the company’s ReStore soft exo-suit system designed for U.S. rehabilitation centers. ReStore is the only soft exo-suit with FDA clearance, and is intended for use in the treatment of stroke survivors with mobility challenges. The cost for ReStore will hover around the $100,000 mark, putting it out of reach for most patients but not rehab facilities. The technology should improve and lower costs. The global stroke management market is forecast to reach $37 billion by 2023, according to Allied Market Research.
See what tens of thousands of attendees have been raving about, on video. Visit Michael Tchong’s new YouTube channel:
At https://www.youtube.com/c/MichaelTchong you will find innovation, trends and tool tips.