Tuesday, March 26, 2024

You Can't Fail At Innovation

You can't fail at innovation. It's not "success or fail"–it's "success or iterate." If you give up on innovation, your business will fail. If, instead, you pivot, review what happened, and adjust, you can always grow your business, add value to your customers, and increase the value of your business.

© 2024 Praveen Puri

Saturday, March 23, 2024

Airbnb for Dog Parks

If you're creative, there is no end to the apps and services you can come up with to satisfy people's wants and needs.

Today, I was reading Crain's Chicago Business and saw an article about sniffspot, which is an "Airbnb for dog parks."

It lets people offer their property for people who want a safe, private place for their dogs to run around unleashed.

© 2024 Praveen Puri

Friday, March 22, 2024

The Frenchman Who Ended Use of The Guillotine Died Last Month

Whenever I thought of France and the guillotine, I always thought of the French Revolution in the 18th century.  Imagine my surprise when I saw, in a recent edition of The Economist, the obituary of the man who ended its use: Robert Badinter, who died on February 9, at the age of 95.

It turns out that the guillotine was used into the 1970's, and he got France to end the death penalty in 1981.

© 2024 Praveen Puri

Wednesday, March 13, 2024

AI is a Complement, Not Replacement, for the Human Touch

AI will complement, but not replacement human touch. 

It will be a valuable tool for companies that want to empower their customers and simplify the user experience. However, like any tool, AI has its limitations.

For complex and stressful situations, clients will still want to talk with humans, who can provide empathy and flexibility.

© 2024 Praveen Puri

Thursday, March 7, 2024

Medical AI to Screen for Diseases

If you're developing AI to screen for diseases in health care, it would probably be better to think analog instead of digital.

Instead of making the AI respond "yes" or "no", have it rate the likelihood of having the disease, on a scale such as 1-5.

If your AI only responds "yes" or "no", it would probably be useless because of false positives and negatives.

With using a scale, however, the screening could actually prove useful.  For example, after running clinical trials, it might be found that:

1. Ratings of 1 don't need follow-up.
2. Ratings of 2-3 require follow-up, but not urgently.
3. Ratings of 4-5 should be a priority follow-up.

© 2024 Praveen Puri

Friday, March 1, 2024

Innovation Isn't About Hard Skills

Innovation isn't about hard skills (data analysis, programming, project management, design thinking, etc.). 

All of the hard skills listed above are superseded by curiosity. You could be an expert in all those skills but, if you don't have the curiosity to play with concepts, try new things, and go down dead ends, then you won't reach your potential for innovation. 

Conversely, if you are weak on the hard skills, but are curious and playful, you'll succeed.

© 2024 Praveen Puri