June
12, 2020

7 minutes of reading

Opinions are described Entrepreneur their contributors.


Evidence that a pandemic could accelerate innovation can be found back in the Black Death in Europe in the 1300s. The plague eventually forced the people of the late Middle Ages to reconsider their medical practices – which had previously taken root in religion – and adapt them in favor of a more scientific approach, thereby moving the world towards modern medicine.

Certainly, medicine is ripe for innovative ideas and means to combat the new coronavirus. Why not see how technology startups use AI as an effective tool during a pandemic.

One of the earliest examples of this was December. 31, when BluDot monitors the spread of infectious diseases using artificial intelligence, informed their clients about the collection of cases related to pneumonia in Wuhan, China, a week before the World Health Organization announced the discovery of a new coronavirus.

Perhaps one of the best ways to combat SP against COVID-19 may be in its ability to help researchers predict the evolution of the virus. This can come in the form of learning algorithms that mimic different ways the virus develops, allowing researchers to add potential vaccines to the algorithm to test each mutation. Already the idea has already been delivered Ahmer Inam, CEO of Artificial Intelligence Pactera Edge, and this speaks to the potential of AI to help medicine get ahead of the virus as it continues to evolve. Then there is Calendar communication app in India COVID-19, which uses a phone and a Bluetooth GPS system to alert any user of the app in a country that has been caught in the vicinity of an infected COVID-19 person.

In addition to them, there is The PACT project at MIT, which traces contacts while maintaining privacy. Better minds add possible solutions to the world. The Harvard T.H. Chan School of Public Health and Human Vaccine Project announced the Human Immunomics Initiative, which will use A.I. models to accelerate vaccine development. And, as always, we can turn to Slovenia for innovation. There, Telekom Slovenije upgraded an existing telemedicine solution to help healthcare professionals remotely and around the clock remotely monitor COVID-19 patients.

These examples of AI solutions are already being applied to the coronavirus to suggest that AI technologies and startups have challenges that need to be overcome to avoid getting into the startup’s graveyard. Some of these challenges are all too familiar, including the usual difficulties companies face in integrating new technologies, and the challenges faced by startups when forecasting market time or profitability.

In addition, many of these companies will face internal challenges related to either cultural barriers that slow adoption within enterprises, or selling their efforts in a C-package and gain full leadership contribution, a necessary step for the proper allocation of resources needed to support innovation and new technological endeavors.

Similar: 3 tips to find a good AI partner for your recovery

What can you learn from entrepreneurs who are already adapting to COVID-19?

There are steps that entrepreneurs-oriented entrepreneurs can take to move now and get to the other end of this dynamic, more viable and ahead of their counterparts. Here are five ways you can position your company to turn one of your customers into a crisis.

1. Aim for less integration, data access and on board.

Overcoming the problems of placement should be a priority for entrepreneurs in the near future. Entrepreneurs will need to determine how they can expect less data access and require less integration but get the same or better results for their customers. Raids of internal bureaucracy can slow down companies. Of course, larger corporations face these obstacles.

However, successful technology startups and AI entrepreneurs can streamline the embedding process for their customers. One way to do this is to examine which data is most similar to customers, and focus on streamlining that area. Once you come together with their inherent friction in integrating and automating key business processes with their customers, they will be able to more quickly strive to adopt new technology practices and tools.

2. Listen to the main problems and then identify the new normal ones.

You can pass on ideas for innovation by relying on your customers. Eventually, the products and services you contribute will inevitably be designed to meet the needs of your customers.

Talk to your customers to find out what issues are most troubling as well as what they are experiencing with their new normal look. Do they feel the economy is recovering? Your customers are told that they live in “unprecedented times” with an “uncertain future”. These are empty phrases, and your customers are still worried about the health and wealth of their families, teams and businesses. By browsing existing pipelines on a personal level, you really listen to your customers, get their worries, and better identify where AI solutions can help solve these problems.

As your customers define a new routine, you can modify your valuable offerings to match market priorities by describing, ultimately allowing you to add value where opportunities are presented.

Similar: 4 ways AI makes the world safer

3. Become a Savior – Focus on one problem at a time.

Of course, your customers will not avoid possible problems to worry about. However, adopting behavioral thinking and trying to solve all of your customers ’problems with one or more AI solutions simultaneously. Adding more to the equation works against streamlining integration, which ultimately prevents faster use of new solutions.

Instead, start by identifying the only significant problem you can solve for your client. And definitely in mind COVID-19 be sensitive when making these decisions. Then take the same approach to each client – using that strategy in your clients. Don’t say you offer an approach to every customer, and you shouldn’t fall into the trap of promoting AI-based solutions as a way to intrigue customers or increase the cost of doing business. Effectively get rid of the goal of providing solutions quickly and presenting to customers the value of your AI solutions.

4. Use your entrepreneurial skills to help the most vulnerable.

You can help save the world at this time. According to the World Economic Forum, social entrepreneurs have almost helped 622 million people for more than 20 years have improved life by providing innovative solutions to ongoing challenges such as improving access to health, sanitation, education and energy. What challenges do you see facing our most vulnerable? Which of these issues will not be resolved through a government resolution? Focus on that and you will fix your life.

5. Finally, but mostly, be active and resilient.

The AI ​​solutions already seen, implemented in response to COVID-19, show why entrepreneurs are able to become the most resilient participants in a pandemic. However, those who thrive after a pandemic will take an active and resilient – as opposed to reactive – approach. Entrepreneurs, large enterprises and the whole world allow the use of modern uncertainty in the uncertain future as an excuse to be reactive.

So focus less on direct production inhibitors, such as disrupting supply chains and cash flows, and instead find opportunities for subsequent competitive advantage without losing potential long-term gains. And remember that an active, entrepreneurial image means looking for new ways to act and innovate in these “difficult times”.

Those who can innovate are more likely to succeed.

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