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
In April, Alphabet’s Wing became the first drone delivery company to gain Federal Aviation Administration approval to make commercial U.S. deliveries. Just five years ago, 63% of Americans thought it would be a “change for the worse” if commercial drones were given permission to fly through most U.S. airspace. But then again, you can’t have consumers assess future technologies because they have little understanding of its inherent potential. That is underscored by Morgan Stanley’s prediction that autonomous aircraft could become a $1.5 trillion industry by 2040. Meanwhile, Amazon has unveiled the latest iteration of its Prime Air delivery drone. Video below in our innovation video gallery.
Scooter-sharing company Bird will offer an electric moped in select markets this summer, called the “Cruiser” the first to include a seat. Mopeds can be used like a bike, with the electric motor offering assistance to make pedaling easier, or as a motorcycle with feet on the pegs. The Cruiser features a 52-volt battery that lasts for 50 miles. It has disc brakes, a padded seat, an LCD screen, and is limited to a 30-mph speed. On June 12, Santa Monica-based Bird announced that it would acquire San Francisco-based Scoot. As we reported previously, the electric scooter market is heating up with Harley-Davidson recently launching one. Bird has raised a total of $415 million in funding over five rounds.
Dutch airline KLM, working with researchers at Delft University of Technology in the Netherlands, has launched the Flying V jet concept, named after an iconic Gibson guitar featuring a similar shape. The Flying V was conceived by Justus Benad, a former student at the Technical University of Berlin. The Flying V is projected to use 20% less fuel than traditional designs, while accommodating 314 passengers in its oversize wings. Commercial release is slated for 2040. Boeing predicts that the airline industry will need 790,000 pilots in the next 20 years.
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