Showing posts with label innovation. Show all posts
Showing posts with label innovation. Show all posts

Thursday, April 16, 2009

Frugal Innovation

Nano was hailed as being the worlds cheapest car. Tata engineers had to use frugal Innovation to ensure they made a car which could cost less. India as a culture had frugal built into it. Mostly because of the fight for resources given the density of population. One such area India is pioneering frugal innovation is healthcare.

The public sector has been overwhelmed, which is not surprising considering how little India’s government spends on health as a share of national income. Accordingly, nearly four-fifths of all health services are supplied by private firms and charities—a higher share than in any other big country

Some examples from this very interesting article in the Economist

“beating heart” surgery causes little pain and does not require general anaesthesia or blood thinners, patients are back on their feet much faster than usual. This approach, pioneered by Wockhardt, an Indian hospital chain, has proved so safe and successful that medical tourists come to Bangalore from all over the world.

Most of the new, expensive imaging machines are only a little better than older models. Meanwhile, vast markets for poorer patients go unserved. “We got out of this arms race a few years ago,” he says. Fortis now promises only that its scanners are “world class”, not the newest

International experts vouch that the care is good, not least because Aravind’s doctors perform so many more operations than they would in the West that they become expert. Furthermore, the staff are rotated to deal with both paying and non-paying patients so there is no difference in quality. Monitor’s new report argues that Aravind’s model does not just depend on pricing, scale, technology or process, but on a clever combination of all of them.
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Thursday, March 19, 2009

Have we finally caught up?

ET reports, in a recent conclave Jason Pontin, the charismatic editor and publisher of MIT's "Technology Review" - the publication of the Massachusetts Institute of Technology (MIT) - confidently proclaims that India is going to dominate the innovation space.

The nature of the technologies emerging from innovation labs around the world today is completely democratic, having the power to touch billions - the literate and the unlettered, the affluent as well as those at the bottom of the pyramid.

If the Indian innovators, tuned to the needs of the less advantaged in their country, are coming out with technologies to address this space, then large multinational corporations, admittedly driven by marketing compulsions, are also now focusing on this segment.
Most of these innovations have been in the field of IT. This is because of the international exposure the knowledge workers have got and their understanding of the enterprenurial spirit of the west. But it is quickly spreading to other domains as well.

Traditionally Innovation has been the preserve of the west. Availability of capital and the ability to take risks made them pioneers in consumer R&D. Since independence India's R&D was government driven and focusssed on basic sciences. A closed and socialistic economy with not much of a consumer movement didnt help either. The opening up of the economy in 1991 has brought with it consumerism as well as availability of capital. It was still a trickle in the early days but is now changing rapidly with access to internet and the blossoming of the knowledge economy.

Maybe Nandan Nilekani's famous demographic dividend, is finally beginning to pay off. Speaking of which he got away easy on my favourite show

The Daily Show With Jon StewartM - Th 11p / 10c
Nandan Nilekani
comedycentral.com
Daily Show Full EpisodesImportant Things w/ Demetri MartinPolitical Humor
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