Make addressing emerging market changes a priority for your tech-driven innovation efforts
If your firm strives
to be Customer Obsessed then a key focus should be on addressing emerging
customer needs and challenges. Sadly, where and how they can live is rising
fast as a global concern.
As noted in my new Forrester
report on the importance and impact of Moonshot innovations, I mentioned
that part of your focus should be on emerging customer needs and issues. One of
those issues that is clearly rising across the globe is climate change. As
noted last week by David Randall in
the Los Angeles Times, the longer, hotter summer weather patterns being
experiences in LA, Houston, New York and other cities could bring the Bubonic
Plague back to the largest cities in the world. This climate change is
extending the breeding season of rats, squirrels and rodents and leading to
their significant increase in numbers. According to rodent control consultant
Bobby Corrigan, in the last 10 years this has raised their urban population by
15-20 percent.
These animals
increase the population of fleas that carry the plague-causing bacterium - Yersinia
pestis. More of these fleas can lead to broader transfer of this disease to
humans. And rat and squirrel infestations can also lead to human's getting the
rare disease leptospirosis and broader exposure to the bubonic plague. Russia closed
its border with Mongolia a couple weeks ago due to this same issue. In
1924, a prior
bout of bubonic plaque occurred in LA which led to the death of nearly 40
people in only 48 hours. Similar outbreaks since, in China and India, have led
to the death of millions of people.
And public health
officials are already seeing themselves having to increase their battles
against rat-caused diseases. Rat and squirrel radication programs may be what
prevents another outbreak but what firms should be looking at instead is how
tech-driven innovation programs could more proactively identify the rising
conditions, proactively protect society and help citizens and healthcare firms
to properly diagnose and treat these and other diseases as they rise. Another
good focus would be on how tech-driven solutions could help prevent the rise of
the preliminary conditions, such as pulling back the temperature rises,
preventing the disease arisal and more.
As noted in my next
report, coming out later this month on healthcare
innovations, every company should be prioritizing innovation efforts that
improve the health and lives of their customers and you don't have to be
focused on the healthcare industry to see the opportunities before you or the
benefits such efforts can deliver.
Innovation
consultants and ecosystem partners CMO Council and
BPI Network have been collaborating with a broad set of enterprises and
startups to craft tech-driven solutions for these climate change concerns and
related emerging customer barriers. Extend your ecosystem via organizations
like these to broaden the ideas and opportunities your firm can bring to
market.
If your firm is
pursuing similar innovation efforts today, please share your story with me and
the Forrester Leadership
Boards.
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